Mineral Wool Insulation Demand in Commercial Markets to Grow 3.4% Annually
Retrieved on:
Monday, June 25, 2018
CLEVELAND, June 25, 2018 /PRNewswire/ --Demand for mineral wool insulation in the commercial market is forecast to grow 3.4% annually to 366 million pounds in 2022, valued at $135 million.
Key Points:
- CLEVELAND, June 25, 2018 /PRNewswire/ --Demand for mineral wool insulation in the commercial market is forecast to grow 3.4% annually to 366 million pounds in 2022, valued at $135 million.
- Mineral wool is projected to be the fastest growing insulation material type in volume and area, supported by increasingly stringent fire safety codes.
- Demand for mineral wool will benefit from its noise dampening properties, an important factor in improving productivity and worker safety in loud environments such as manufacturing facilities.
- Demand for all types of insulation in the commercial building market is forecast to increase 3.0% annually through 2022 to $3.1 billion.