Radiant Barrier Expected to Grow 34.8% by 2016

According to a report from ReportsnReports, radiant barrier and reflective insulation products are expected to grow 8.7% per year through 2016.

Demand for radiant barrier and reflective insulation is forecast to rise 8.7% per year through 2016. The rebounding housing market will boost demand, with further gains supported by increases in industrial and nonresidential building construction spending. Growth will be concentrated in the South and West regions, as structures in those regions are more often exposed to sunlight, and thus best benefit from the use of radiant barriers and reflective insulation.

The biggest driver of growth will come from existing home owners looking for additional ways to save energy and money in their current residence.

Residential insulation demand will also be supported by the attic reinsulation and improvement and repair markets. The nation’s large stock of older homes — many of which are underinsulated — will offer growth prospects as homeowners add insulation to attics, walls and basements to lower utility bills.