OEM Insulation Materials Market

Global OEM Insulation Materials Market Analysis and Opportunity Assessment by Material Type, End Use Industries, Insulation Type, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 19,704.6 Mn between 2022 and 2032

Category: Chemicals & Materials

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ID: CVC-00254

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Format: PDF+Excel Dataset

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Published Date: October 2022

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Pages: 320

OEM Insulation Materials Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global OEM Insulation Materials Market was worth US$ 28,473.9 Mn and is expected to grow at a CAGR of 5.4% over the forecast period. The market is expected to hit US$ 48,178.5 Mn by 2032 end. From 2017–2021, when the market’s CAGR was 4.6%, the market underwent significant growth.

The OEM insulation market is driven by rising power and energy needs in developing economies, as well as strict regulations requiring the use of insulation materials for energy conservation. The widespread adoption of air conditioning in public vehicles is another factor boosting the OEM insulation industry.

Market Dynamic

THE GROWTH IN INFRASTRUCTURE INDUSTRY FUELS THE MARKET

Over the recent past, OEM insulation has been gaining awareness in the building & construction sector across the globe. The trend of constructing energy-efficient buildings has increased the demand for OEM insulation between 2022 and 2032. Building & Construction is expected to dominate the end-user market with a market share of more than 35.0% throughout the forecast period. The increasing need for energy-efficient goods and equipment, acoustic insulation in partitions, and technical advancement of HVAC equipment in the construction sector drive the demand for OEM insulation.

ENVIRONMENTAL REGULATIONS HAMPER THE MARKET RISE

Polyurethane foams are the most commonly used materials in the construction industry. The use of these foams for insulation purposes releases harmful greenhouse gases and, therefore, slowly deteriorates our environment. We have all heard about this problem, and now it’s a fact that industries must take greater responsibility and reduce their greenhouse gas emissions through a more eco-friendly approach.

REPLACING CONVENTIONAL INSULATION WITH NEW FRF INSULATION  

FEF (Fluid Extruded Foam) insulation is technical insulation that saves energy during its service life compared to the total capacity needed to produce it. It provides a sustainable solution for reducing heat-related costs and water loss due to condensation, gas migration, and permeation problems. Building energy efficiency is achieved by reducing energy consumption, operating costs, and associated operating expenses for the building owner.

The most expensive component of the cost of a building is typically heating, cooling, and ventilation systems. Closed-cell elastomeric insulation provides a long-term solution for lowering these systems’ energy consumption while helping to save both natural resources and money.

OEM Insulation Materials Market

Market Segments Covered in Report

By Material Type

  • Mineral Wool
    • Stone Wool
    • Glass Wool
  • Fiber Glass
  • Foamed Plastic
  • Fluid Extruded Foam
  • Aerogels
  • Polyurethane foam
  • Extruded Polystyrene
  • Expanded Polystyrene
  • Phenolic Foam
  • Melamine Foam
  • Foamed Glass
  • Closed Cell Elastomeric Foam
  • Others

By End Use Industries

  • Consumer Appliances
    • Baking Ovens
    • Heaters
    • Washers & Dryers
    • Air-Conditioners
    • Freezers
    • Others
  • Transportation
    • Aerospace & Spacecraft
    • Railroad Equipments
    • Marine
    • Automotive
  • Industrial
    • Building and Construction
    • Power & Energy
    • Oil & Gas
    • Food Processing
    • Others

By Insulation Type

  • Blanket
  • Rolls and Batts
  • Loose Fill
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are Mineral Wool OEM Insulation Materials projected to dominate the market in the coming years?

The Mineral Wool segment has dominated the market in revenue, and the industry is expected to grow well during the forecast period. The demand for Mineral Wool is increasing due to its applicability in diverse fields such as consumer, commercial, and marine applications. Compared to other materials used in the market, Mineral Wool possesses mechanical properties or exceptional qualities not provided by other materials. Hence, the growth of this market segment is predicted based on this factor.

Why is the Automotive Industry segment expected to expand the fastest during the forecast period?

The Rapid growth in the global automotive industry during the forecast period is expected to fuel the growth of the OEM insulation market owing to the growing investments by vehicle manufacturers in improving the safety features and comfort level in vehicles. Besides, the demand for OEM insulation is rapidly increasing in medical and electronic equipment manufacturing industries, which is expected to propel the consumption of OEM insulation.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • North America had a market share of 29.0% in 2021. The U.S. OEM insulation market is expected to achieve a CAGR of 6.5% over the forecast period due to growing awareness about the benefits of this type of environmental product, rising adoption of energy-efficient equipment, and increasing demand for enhanced insulation materials in residential and commercial buildings. In addition, the development of SEZs, industrial corridors, and industrial clusters are driving OEM insulation sales to improve access to electricity and promote industrial activity along these corridors.
  • The Asia-Pacific region is expected to be the fastest-growing market for OEM insulation, with a CAGR of 6.3% during the forecast period. The market size is attributed to high investment in infrastructure, building & Construction, and automobile industries, which are major industries in the area. The demand from emerging economies such as India and China is also increasing rapidly.

Competition Analysis

Manufacturers are focusing on developing regions to meet the expanding demand from the application categories. Significant businesses also boost their manufacturing capabilities, new product introductions, R & D, and mergers and acquisitions.

Some of the key developments that have taken place in the OEM Insulation Materials Market include:

  • In June 2019, A significant OEM insulation player, Owens Corning, announced that it would provide new technologies to help build more dependable, sustainable, and energy-efficient modern structures.
  • In February 2020, Rockwool International AS purchased Parafon, a stone wool-based acoustic solutions manufacturer, and integrated it into its Rockfon business. By acquiring this business, Rockfon is expanding its presence in northern Europe and enhancing stone wool’s acoustic performance to appeal to various customers and market groups.
  • In July 2021, The German company vliepa GmbH, which specializes in the coating, printing, and finishing of nonwoven, paper, and film for the building materials market, was acquired by Owens Corning. The acquisition enables Owens Corning to better service the European building and construction sector.

A list of some of the key suppliers present in the market are:

  • BASF SE
  • Evonik
  • Paroc Group Oy
  • SAINT-GOBAIN
  • Armacell International S.A
  • Johns Manville Corporation
  • Henry Company
  • Styrotech, Inc.
  • NCFI Polyurethanes
  • Morgan Advanced Materials
  • Scott Industries LLC
  • Anco Products Inc.

Global OEM Insulation Materials Market 2022-2032: Report Coverage and Highlights

  • Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Segment-wise, country-wise, and region-wise market analysis
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Key product innovations and regulatory framework
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Material Type, End Use Industries, Insulation Type, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request

Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.4%.

The demand for OEM insulation products is driven by the development of HVAC equipment in the construction industry and the widespread adoption of air conditioning in public vehicles.

Major global OEM Insulation Materials Market players are BASF, Evonik, Paroc Group Oy, SAINT-GOBAIN, Armacell International S.A, Johns Manville Corporation, Henry Company, Styrotech, Inc., NCFI Polyurethanes, Morgan Advanced Materials, Scott Industries LLC, Anco Products Inc.

The insulation manufacturers are concentrating on creating new products with superior insulation capabilities. To meet the constantly shifting demands of consumers and end-use industries, manufacturers have engaged in strategic activities like partnerships, joint ventures, and product creation.

The Asia Pacific region is expected to account for the largest market revenue share in the Global OEM Insulation Materials market.

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modelling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global OEM Insulation Materials Market Value (US$ Mn) and Volume (Tons) Analysis
    • Global Market Value (US$ Mn) Analysis, 2017 – 2032
    • Incremental $ Opportunity Index, 2022-2032
    • Global Market Volume (Tons) Analysis, 2017 – 2032
  6. Global OEM Insulation Materials Market Pricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of End Use Industries W.R.T. Material Type
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw Material Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of End-Users
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Potential Impact on Target Market
      • Recovery Scenario
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Technology Landscape
  10. Global OEM Insulation Materials Market 2017 – 2032 By Material Type
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Material Type [Value (US$ Mn) and Volume (Tons) Analysis]
      • Mineral Wool
      • Stone Wool
      • Glass Wool
      • Fiber Glass
      • Fluid Extruded Foam
      • Foamed Plastic
      • Polyurethane foam
      • Extruded Polystyrene
      • Expanded Polystyrene
      • Phenolic Foam
      • Melamine Foam
      • Foamed Glass
      • Closed Cell Elastomeric Foam
    • Market Attractiveness Analysis by Material Type
  11. Global OEM Insulation Materials Market 2017 – 2032 by End Use Industries
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End Use Industries [Value (US$ Mn) and Volume (Tons) Analysis]
      • Consumer Appliances
        • Baking Ovens
        • Heaters
        • Washers & Dryers
        • Air-Conditioners
        • Others
      • Transportation
      • Aerospace & Spacecraft
      • Subways
      • Marine
      • Automotive
      • Industrial
      • Building and Construction
      • Power & Energy
      • Oil & Gas
      • Food Processing
      • Others
    • Market Attractiveness Analysis by End Use Industries
  12. Global OEM Insulation Materials Market 2017 – 2032 by Insulation Type
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Insulation Type [Value (US$ Mn) and Volume (Tons) Analysis]
      • Blanket
      • Rolls and Batts
      • Loose Fill
    • Market Attractiveness Analysis by Insulation Type
  13. Global OEM Insulation Materials Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032 by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East
      • Africa
    • Market Attractiveness Analysis by Region
  14. North America OEM Insulation Materials Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • U.S.
        • Canada
      • By Material Type
      • By End Use Industries
      • By Insulation Type
    • Market Attractiveness Analysis
      • By Country
      • By Material Type
      • By End Use Industries
      • By Insulation Type
  1. Latin America OEM Insulation Materials Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By Material Type
      • By End Use Industries
      • By Insulation Type
    • Market Attractiveness Analysis
      • By Country
      • By Material Type
      • By End Use Industries
      • By Insulation Type
  1. Europe OEM Insulation Materials Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By Material Type
      • By End Use Industries
      • By Insulation Type
    • Market Attractiveness Analysis
      • By Country
      • By Material Type
      • By End Use Industries
      • By Insulation Type
  1. Asia-Pacific OEM Insulation Materials Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By Material Type
      • By End Use Industries
      • By Insulation Type
    • Market Attractiveness Analysis
      • By Country
      • By Material Type
      • By End Use Industries
      • By Insulation Type
  1. Middle East OEM Insulation Materials Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • U.A.E.
        • Rest of the Middle East
      • By Material Type
      • By End Use Industries
      • By Insulation Type
    • Market Attractiveness Analysis
      • By Country
      • By Material Type
      • By End Use Industries
      • By Insulation Type
  1. Africa OEM Insulation Materials Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By Material Type
      • By End Use Industries
      • By Insulation Type
    • Market Attractiveness Analysis
      • By Country
      • By Material Type
      • By End Use Industries
      • By Insulation Type
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Production Capacity Analysis
    • Company Footprint Analysis
      • Product Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • ChemView’s Competitor Positioning Matrix
  3. Company Profiles
    • BASF SE
      • Company Overview
      • Product & Financial Portfolio
      • Manufacturing Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • Evonik
    • Paroc Group Oy
    • SAINT-GOBAIN
    • Armacell International S.A
    • Johns Manville Corporation
    • Henry Company
    • Styrotech, Inc.
    • NCFI Polyurethanes
    • Morgan Advanced Materials
    • Scott Industries LLC
    • Anco Products Inc.
  4. Assumptions and Acronyms

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