During maintenance of steam systems, the insulation that covers pipes, valves, and fittings is often damaged or removed and not replaced. Pipes, valves, and fittings that are not insulated can be safety hazards and sources of heat loss.
The global building thermal insulation market was valued at $22.73 billion in 2015 and is projected to reach $28.39 billion by 2021, increasing at a compound annual growth rate (CAGR) of 3.5 percent between 2016 and 2021, according to a report published by MarketsandMarkets.
Global demand for insulation is expected to rise 3.7 percent per year to 26 billion square meters of R-1 value in 2020, according to a new study from The Freedonia Group, a Cleveland-based industry research firm.
Armacell LLC has announced a new online educational resource for those who make, use, or install products made with expanded foam materials, including mechanical engineers and contractors, as well as foam fabricators and OEMs.
The global HVAC insulation market is forecast to grow from $3.30 billion in 2015 to $5.29 billion by 2021, increasing at a compound annual growth rate (CAGR) of 8.20 percent, according to a new report published by MarketsandMarkets.
The global insulation market is forecast to reach $93.34 billion by 2024, according to a new report by Grand View Research Inc. The rising importance of energy efficient buildings owing to escalating energy costs is expected to remain a key driving factor for the global insulation market.
The global insulation market was valued at approximately $40 billion in 2014 and is forecast to reach approximately $65 billion by 2020, growing at a compound annual growth rate (CAGR) of around 8 percent from 2015 to 2020, according to a report published by Zion Research.
Installed Building Products Inc., a leading installer of insulation and complementary building products, has announced the acquisition of Sierra Insulation Contractors Inc. and Eco-Tect Insulation Inc.
Fort Drum is the site of a U.S. Army Corps of Engineers project that will test a new high-performance insulation technology for buildings designed to retain heat indoors more effectively and with greater cost savings.