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CLEVELAND, June 15, 2022 /PRNewswire/ — A new Freedonia Group analysis projects China and India to account for 40% of mineral wool insulation gains globally through 2025, driven by robust expansions of their nonresidential building stocks.
In addition, residential building construction in India will see rapid growth from a low base, as the pandemic suppressed construction in 2020.
Demand in both countries will also be bolstered by an increasing desire for acoustic insulation to reduce noise transmission in buildings.
The rest of the Asia/Pacific region will account for an additional 15% of global gains, supported by:
- continued production of industrial equipment and high-end motor vehicles, heavy machinery, and appliances in Japan …
Full story available on Benzinga.com
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