London -Polyurethane and polyisocyanurate foam accounted for 14% of china's 173 M min 2012, according to a new report from business consultants IAL Consultants.
The recently published report: The Chinese market for Thermal Insulation, shows that the market has grown strongly between 2010 and 2012. In 2010 the market was 4.4 million tonnes worth RMB64bn ($10bn) in 2012 in volume terms, nearly 6m tonne of insulation was used and the market was worth RMB 106 bn, IAL said.
IAL added in its report, that the increase in insulation demand is being driven by state planning. IN the 11 five year plan from 2006 to 2010, Chinese figures show building energy consumption fell 30% through new building and old building retrofitting and reconstruction. The current five-year plan calls for a further 50% fall with major cities tasked with reducing energy use by 65%, said IAL.
In volume terms in 2012, IAL said: Extruded polystyrene accounted for 44% of the market in 2012, glass wool 19%, expanded polystyrene 15%, and stone wool 7%, phenolic around 1%.