The evolving landscape of thermal insulation materials A critical review of recent trends and technologies
Category: Packaging Published Date : Feb-23 ID: CVC-56658 Format: PDF Pages: 300
Report Highlights
According to a research survey conducted by ChemView Consulting, in 2023 Thermal Insulation Material Market was worth US $ 65.74 Bn. The market is expected to grow at a CAGR of 6.50% between 2023 and 2033 to hit US $ 123.40 Mn by 2033 end.
Key Market Trends
The Solution for Energy Efficiency
With its role in improving energy efficiency, thermal insulation materials are becoming a popular choice for various applications, creating a wide range of opportunities in the market.
The Key to Comfort and Savings
Thermal insulation materials are a key factor in improving comfort and reducing energy costs, making it a valuable product in the market.
The Essential Element in Building and Construction
With its role in improving building efficiency and sustainability, thermal insulation materials are an essential element in the building and construction industry, creating a wide range of opportunities in the market.
Market Drivers
Thermal Insulation Materials Cutting Energy Costs and Emissions
The growing demand for energy-efficient buildings and infrastructure has driven the thermal insulation material market. These materials reduce heat transfer, maintaining a stable indoor temperature and decreasing energy consumption for heating and cooling, resulting in lower energy costs and reduced greenhouse gas emissions.
Thermal Insulation Materials Supporting Green Building Practices
The increasing focus on sustainable construction and green building practices has fueled the demand for thermal insulation materials. These materials contribute to eco-friendly design by reducing energy consumption, improving indoor environmental quality, and utilizing resources efficiently. The use of insulation materials made from recycled or renewable sources further supports sustainability goals.
Segmentation Insights
After conducting a thorough analysis of the Thermal Insulation Material Market, we have identified the top three trending segments in the industry. These segments are experiencing significant growth, high demand, and widespread adoption.
Most Popular (Fastest Growth Rate)
Plastic Foam (Temperature Range 1°C to 100°C)
Plastic foam is the most popular material type in the Thermal Insulation Material Market due to its extensive usage in the temperature range of 1°C to 100°C. Plastic foam is widely used in the insulation of buildings, refrigeration, and air conditioning systems due to its excellent properties such as low thermal conductivity, moisture resistance, and ease of installation. Plastic foam’s versatility, cost-effectiveness, and sustainability make it the preferred choice for the temperature range of 1°C to 100°C.
Most Selling (Largest Market Share)
Stone Wool (Temperature Range 101°C to 650°C)
Stone Wool is the most selling material type in the Thermal Insulation Material Market due to its extensive usage in the temperature range of 101°C to 650°C. Stone Wool is widely used in the insulation of industrial equipment, furnace linings, and fire protection due to its excellent properties such as high temperature resistance, excellent sound absorption, and non-combustibility. Stone Wool’s unique blend of properties makes it the go-to choice for the temperature range of 101°C to 650°C.
Trending (Gaining Traction)
Fiber Glass (Temperature Range -49°C to 0°C)
Fiber Glass is gaining significant traction in the Thermal Insulation Material Market due to its usage in the temperature range of -49°C to 0°C. Fiber Glass is widely used in the insulation of cold storage, refrigeration, and cryogenic systems due to its excellent properties such as low thermal conductivity, moisture resistance, and ease of installation. Fiber Glass’s outstanding insulation properties and affordability make it a trending choice in the temperature range of -49°C to 0°C.
Regional Insights
Europe: A Pioneering Market with a Focus on Energy Efficiency
Europe is a key market for thermal insulation materials, driven by its strong focus on energy efficiency and sustainability. The region’s commitment to reducing greenhouse gas emissions and promoting eco-friendly solutions has spurred the demand for advanced thermal insulation materials in various applications, including construction, transportation, and industrial sectors. Germany, France, and the United Kingdom lead the market with their advanced manufacturing capabilities and innovative technologies, making Europe an essential player in the global thermal insulation material industry.
North America: A Rising Market with a Growing Emphasis on Sustainability
North America is a growing market for thermal insulation materials, driven by its expanding construction and transportation sectors and the increasing focus on sustainability. The United States and Canada are witnessing rising demand for advanced thermal insulation materials to improve energy efficiency in buildings and vehicles. The region’s strong research and development infrastructure and focus on sustainable solutions make North America an attractive market for thermal insulation material manufacturers and investors.
Research Scope/Taxonomy
Market Analysis by Material Type:
Market Analysis by Temperature Range:
Key Companies Profiled
1.1. Global Market Snapshot
1.2. Key Success Factors
1.3. Strategic Analysis and Recommendations
2.1. Market Taxonomy
2.2. Market Definitions
3.1. Preliminary Investigation & Research Design
3.2. Secondary Research & Primary Research
3.3. Data Analysis & Econometric Modelling
3.4. Expert Data Validation
4.1. Supply-Side Trends
4.2. Demand-Side Trends
5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032
5.2. Incremental $ Opportunity Index, 2022-2032
5.3. Global Market Volume (Tons) Analysis, 2017 – 2032
6.1. Regional Level Pricing Analysis and Forecast
6.1.1. Manufacturers Level Pricing
6.1.2. Distributor Level Pricing
6.2. Global Pricing Analysis Benchmark
6.3. Cost Breakdown Analysis
7.1. Cross Analysis of Temperature Range W.R.T. Material Type
8.1. Regional Supply Vs. Demand Gap Assessment
8.2. Top Producing Countries Analysis
9.1. Macroeconomic Factors
9.2. Forecast Factors
9.3. Market Dynamics
9.3.1. Driver
9.3.2. Restraint
9.3.3. Opportunity
9.4. Supply Chain Analysis
9.4.1. List Raw Material Suppliers
9.4.2. List of Manufacturers
9.4.3. List of Distributors
9.4.4. List of End-Users
9.4.5. End-Users Consumption Analysis
9.4.6. Average Profitability Margin Analysis
9.5. Covid-19 Impact Assessment
9.5.1. Economy/Cluster Projections
9.5.2. Covid-19 Economic Assessment
9.5.3. Impact on Target Market
9.5.4. Recovery Scenario
9.6. Regulatory Framework
9.6.1. Regulations of Key Countries
9.6.2. Potential Impact of Regulations
9.7. Porter’s Five Forces Analysis
9.8. Product Type Landscape
10.1. Introduction
10.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Material Type [Value (US$ Mn) and Volume (Tons) Analysis]
10.2.1. Stone Wool
10.2.2. Fiber Glass
10.2.3. Plastic Foam
10.2.4. Others
12.3.Market Attractiveness Analysis by Material Type
11.1. Introduction
11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Temperature Range [Value (US$ Mn) and Volume (Tons) Analysis]
11.3. -160°C to -50°C
11.4. -49°C to 0°C
11.5. 1°C to 100°C
11.6. 101°C to 650°C
11.3 Market Attractiveness Analysis by Temperature Range
12.1. Introduction
12.2. Key Market Trends
12.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Asia-Pacific
12.3.5. Middle East
12.3.6. Africa
12.4. Market Attractiveness Analysis by Region
13.1. Introduction
13.2. Key Market Trends
13.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
13.3.1. By Country
13.3.1.1. U.S.
13.3.1.2. Canada
13.3.2. By Material Type
13.3.3. By Temperature Range
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Material Type
13.4.3. By Temperature Range
14.1. Introduction
14.2. Key Market Trends
14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
14.3.1. By Country
14.3.1.1. Brazil
14.3.1.2. Mexico
14.3.1.3. Rest of Latin America
14.3.2. By Material Type
14.3.3. By Temperature Range
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Material Type
14.4.3. By Temperature Range
15.1. Introduction
15.2. Key Market Trends
15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
15.3.1. By Country
15.3.1.1. Germany
15.3.1.2. Italy
15.3.1.3. France
15.3.1.4. UK
15.3.1.5. Spain
15.3.1.6. Netherlands
15.3.1.7. Norway
15.3.1.8. Russia
15.3.1.9. Rest of Europe
15.3.2. By Material Type
15.3.3. By Temperature Range
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Material Type
15.4.3. By Temperature Range
16.1. Introduction
16.2. Key Market Trends
16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.1.4. India
16.3.1.5. Indonesia
16.3.1.6. Thailand
16.3.1.7. Vietnam
16.3.1.8. Australia & New Zealand
16.3.1.9. Rest of Asia-Pacific
16.3.2. By Material Type
16.3.3. By Temperature Range
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Material Type
16.4.3. By Temperature Range
17.1. Introduction
17.2. Key Market Trends
17.3. Pricing Analysis
17.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
17.4.1. By Country
17.4.1.1. Saudi Arabia
17.4.1.2. Turkey
17.4.1.3. U.A.E.
17.4.1.4. Rest of the Middle East
17.4.2. By Material Type
17.4.3. By Temperature Range
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Material Type
17.5.3. By Temperature Range
18.1. Introduction
18.2. Key Market Trends
18.3. Pricing Analysis
18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
18.4.1. By Country
18.4.1.1. South Africa
18.4.1.2. Nigeria
18.4.1.3. Egypt
18.4.1.4. Rest of Africa
18.4.2. By Material Type
18.4.3. By Temperature Range
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Material Type
18.5.3. By Temperature Range
19.1. Tier Structure Breakdown
19.2. Market Share Analysis
19.3. Production Capacity Analysis
19.4. Company Footprint Analysis
19.4.1. Product Footprint of Players
19.4.2. Regional Footprint of Players
19.4.3. Channel Footprint of Players
19.5. Brand Preference Analysis
19.6. Competition Dashboard
20.1. Asahi Kasei Corporation.
20.1.1. Company Overview
20.1.2. Product & Financial Portfolio
20.1.3. Manufacturing Facilities
20.1.4. Recent Developments
20.1.5. SWOT Analysis
20.1.6. Strategy Overview
20.2. BASF SE
20.3. E. I. du Pont de Nemours and Company
20.4. Rockwool International A/S
20.5. Berkshire Hathway (Johns Manville)
20.6. Bayer AG
20.7. Owens Corning
20.8. Dow Chemicals Company
20.9. Kingspan Group PLC
20.10. Saint Gobain S.A. (indicative list)