Manufacturers in the North American thermal insulation materials markets are meeting end-user demands for lower utility costs head-on with total insulation systems, according to the market research firm Frost & Sullivan. The industry generated $5.47 billion in 1999 and is expected to gradually increase to $10.75 billion by 2006.
This approach evaluates the different technologies used in building construction and analyzes the appropriate technology integration. In addition to determining the types of insulation, the system also takes into account local climate conditions and the various types of HVAC equipment that can be used. The end result is an ideal combination of thermal insulation and energy-efficient equipment that will provide significant overall savings to the consumer, despite initial costs.
The retrofitting segment is a significant driver for the thermal insulation market.
"As the United States and Canada continue to adopt more stringent legislation regarding energy conservation, the retrofitting of certain buildings becomes a necessity," Frost & Sullivan analyst David Bell said. "The retrofitters turn to newer insulation materials that boast improved thermal resistance as well as acceptable blowing agents that do not lead to ozone depletion."