Insulation Market Expected to Reach $67.16 Billion by 2020

The global market for insulation is expected to reach $67.16 billion by 2020, according to a new study by Grand View Research. Expansion in building energy efficient homes especially in the Asia Pacific and Latin American countries coupled with growth in the global construction market is expected to remain a key driving force for the market over the forecast period. However, the volatile pricing nature of key raw materials is expected to hamper market growth over the next six years.