Through the detailed analysis of the current status of thermal insulation materials market, it is known that the development history of China's thermal insulation materials industry is a history of changes in the technological development direction of industrial products. At the end of the last century, the mainstream products were perlite and rock wool insulation materials; by the first 10 years of this century, the mainstream products have become organic insulation materials such as polystyrene board and polyurethane; at present, rock wool insulation boards have fire resistance and re-enter people's vision. Traditional insulation materials have entered the initial stage of elimination; in the future, composite and multifunctional insulation materials will gradually occupy the market and become the absolute protagonist.
From the perspective of application scale, the market size of China's thermal insulation materials has gradually increased from 2010 to 2015, with an average growth rate of 27.53%, and the scale has increased from about 25.07 billion yuan to 83.33 billion yuan. In 2016, China's real estate and construction industry fluctuated greatly, and the market was sluggish at the beginning of the year. Although it was alleviated at the end of the year, the overall situation has not yet started. Affected by this, China's thermal insulation materials industry's market size in 2016 fell for the first time, only 80.46 billion yuan, a decline of 3.4%.
US insulation materials will grow at an annual rate of 5.3%, reaching $11 billion by 2012. The main reason for the increase is that housing construction has warmed up from the lows of 2007, especially the construction of single-family homes. The increase in usage also benefits from an increase in the amount of insulation used in each structure and an upgrade in insulation in existing buildings. Glass wool insulation will maintain a leading market share.
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