Ceramic Industry News / Glass / Market Trends / Refractories

China’s Insulation Demand to Grow 9% per Year

January 25, 2013
/ Print / Reprints /
ShareMore
/ Text Size+

Demand for insulation materials in China is projected to grow 9.4% per year through 2016 to 65.7 billion yuan (~ $10 billion). Continued increases in building construction and output in the manufacturing sector are expected to drive gains, according to a new study from the Beijing office of The Freedonia Group Inc. Further growth will reportedly be spurred by changes in building codes to reduce energy consumption in building applications, as well as efforts to reduce energy use in manufacturing processes.

Building construction markets will continue to account for more than two-fifths of China’s total insulation demand. The residential and nonresidential segments will each reportedly expand at 10% per year through 2016, supported by healthy growth in building construction. New multi-family housing starts, driven in large part by China’s continuing urbanization, and strong fixed investment activity in office, commercial, institutional, and other highly insulated structures such as power and petrochemical plants, will boost market gains for insulation materials. In addition, the improvement and replacement of insulation in existing housing in order to raise energy efficiency, as well as to enhance comfort, will continue to promote market gains.

Demand for insulation in the industrial and HVAC equipment market is expected to rise 8.4% per year through 2016, trailing overall growth. Strong increases in investment in industrial and HVAC equipment as a result of continued industrialization in China will boost demand. Efforts to reduce energy consumption and costs in these applications—by both producers and the government—will likely also spur demand gains in this market. Demand in other important markets will be driven by rapidly expanding output of insulation-containing appliances (e.g., refrigerators and freezers) and transportation equipment.

In value terms, foamed plastics will continue to dominate the Chinese insulation market, accounting for more than four-fifths of demand in 2016. Foamed plastics’ high insulating value, moisture resistance, and ease of installation will reportedly continue to support demand gains going forward. However, demand for fiberglass and mineral wool will post faster growth through the forecast period, benefiting from their better fire retardance than that of foamed plastics.

For additional information, visit www.freedoniagroup.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

May 2014 Issue Highlights

Our May 2014 issue is now available!

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

Ceramic Industry Magazine

CI August 2014 cover

2014 August

Explore technical ceramics, glasses and refractories in our August issue!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px