EPCA '13: insulation growth to remain strong, ADA producer says

07 October 2013 10:55  [Source: ICIS news]

New houses under construction in the UKBERLIN (ICIS)--Household insulation as an end-use for petrochemicals has grown significantly in the past five years and remains a growth area, a European adipic acid (ADA) producer said on Monday.

Although the construction industry has been performing badly since the global economic downturn of 2008, the amount of insulation being used in houses is increasing. 

“Compared with five years ago, half as many houses [are being built] but there is three times as much insulation,” the producer said speaking on the sidelines of the 47th annual European Petrochemical Association (EPCA) meeting in Berlin, Germany.

The producer added that growth in the insulation sector will increase as  the construction industry recovers.

“If it’s increasing on a low level of construction, it will pick-up in the future,” the producer said.

The producer went on to caution that, although the end-use is increasing, it remains a small percentage of the overall end-use portfolio of petrochemical markets.

“We’re not talking 90% of the [end-use] market, and of course there’s a lot of competition in that field,” the producer said.

 Insulation is an end use for petrochemical products such as adipic acid, polyethylene terepthlate (PET), polyols and phthalic anhydride (PA).

The EPCA meeting runs from 5-9 October.

($1 = €0.74) 

By: Mark Victory
+44 208 652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly