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Glass Wool/Fiberglass Insulation - A Global Market Overview

NEW YORK, May 3, 2012 /PRNewswire/ -- announces that a new market research report is available in its catalogue:


Glass Wool/Fiberglass Insulation - A Global Market Overview


Despite of glass wool/fiberglass production has been a recognized technology for quite a while now, framing materials using this product are finding enhanced market recognition, due to heightened global emphasis on "green" applications of such products and technologies. Fiberglass has been the material of choice in several applications, including commercial and residential construction for both new and retrofit applications, which offer strength, longevity, durability and thermal efficiency.


Though initiation of new construction activities would continue to be sluggish in the developed economies of North America and Europe, glass wool demand in North America is expected to pick up pace due a relatively faster recovery and in the European Union because of the imposition of new building energy efficiency directives for cutting down on CO2 emissions.


In EU countries, such as Germany and France, building renovation activities are being undertaken at a frenetic pace, with strong backing from governmental programs with an aim to cut down on energy consumption by buildings. Demand for insulation remains high in regions, such as China, India and Russia because of the burgeoning construction activities and new regulation standards for sustainable buildings being put in place. Asia-Pacific, backed by booming China and other developing countries, has performed well in all sectors that utilize glass wool insulation, with CAGRs ranging from 6 to 8% during 2006-2011, a trend likely to continue over 2012-2016 with high CAGRs between 6.2% and 6.7%.


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