Most homes aren’t as insulated as they’re supposed to be, especially in states that have been suffering through this especially cold winter. Thankfully, the insulation industry and Lehigh Valley Insulation are ready to help!
Growth
According to Infoholic Research, the Global Flexible Foam Insulation Market is expected to grow at a compound annual growth rate of 5.0% between 2016 to 2022 to reach $6.84 billion by the final year. That’s an awfully long time that did not account for the pandemic lockdown. That’s why new studies have currently valued the property insulation market size of 30.5 billion dollars in 2020, with an expected growth of about 8 billion by 2025.
As of the July 15th 2021 LIRA report, growth and repair expenditures for residential homes is expected to remain solid into 2022, with a healthy increase in spending between DIYers and professional home renovators, predicting a 4.8 percent growth with the consumer market growing by 10.8 percent and the professional market growing by 18.2 percent. This means that, as homes are renovated it’s never been a better time to guarantee your insulation is properly installed, new, and sufficient. Older insulation may have a lower R-value.
R-value relates to the temperature difference per unite of heat fluctuation needed to keep one unit of heat and retain warmth or cold depending on the season. As the climate changes between seasons, make sure your insulation is working hard for you and saves you money on your energy bill. Unsure what kind of insulation or what value to choose? The experts at Lehigh Valley Insulation are here to help!
Removal and Recycling
With low-interest rates continuing into the beginning of 2022 if you’re one of the homeowners that are thinking of renovating it’s time to think of your insulation. A properly insulated home can save you a lot of money, but an improperly insulated home can cost more than just your wallet. Older homes not only have insufficient insulation for our times, but a lot of older insulation techniques include harmful chemicals and components like asbestos. Asbestos is unsafe for your average DIYer to remove, as improper protection could lead to inhalation and severe risk for disease or death. It’s best to leave old insulation removal to the professionals.
Another perk of having your old or outdated insulation removed is that many companies now have buyback and recycling programs. US-based Johns Manville commissioned a 3t/hr glass fiber recycling unit at their Trnava, Slovakia engineered product plant at the beginning of 2021 that’s set to reduce landfill waste by 10,000 yards. Providing the trial continues to be successful, there may be further development of the program in the US in 2022 and coming years.
