Insulation materials are designed to maintain the building components and facilities insulated as long as possible. There are many forms of insulation materials according to the purpose and the structure including thermal insulators, acoustic insulators, waterproofing insulators, radiation insulators and electrical insulators etc. The thermal insulation materials are explicitly designed to reduce the heat flow by limiting heat conduction, convection, radiation or all three while performing one or more functions.
In emerging countries, increasing building construction and industrial activity will lead to increased demand for insulation. In many high-income countries, insulation demand will rebound from recent downturns that were caused in part by shrill declines in housing construction. Government efforts, mainly in Western Europe, to reduce energy consumption will lead to the adoption of new building codes that require amplified insulation usage.
Robust growth in residential building construction activity will be the primary driver of insulation materials demand worldwide. Rural-to urban migration in developing countries will encourage building activity in urban areas and therefore insulation demand, as urban buildings tend to be more insulation intensive than those in rural parts. Moreover, rising per capita incomes will boost the use of modern building techniques and materials, such as insulation.
Some countries are also expected to adopt minimum insulation requirements for buildings, further contributing to demand gains. In the industrial, HVAC, and OEM markets for insulation, demand will be driven by expanding industrial activity, appliance output, and HVAC system fittings.