Thermal Insulation Material Market by Type (Cellulose, Fiberglass, Mineral Wool), Temperature Range (High-Temperature Thermal Insulation, Intermediate Temperature Thermal Insulation, Low-Temperature Thermal Insulation), Application - Global Forecast 2024-2030
The Thermal Insulation Material Market size was estimated at USD 68.13 billion in 2023 and expected to reach USD 71.95 billion in 2024, at a CAGR 5.83% to reach USD 101.32 billion by 2030.
Thermal insulation material refers to a substance or combination of materials that have the capability to significantly slow down or inhibit the transfer of heat. These materials work by creating a barrier between areas that are significantly different in temperature. The thermal insulation material market is an extensive and dynamic sector with diverse applications across industries such as construction, automotive, aerospace, and refrigeration, where temperature control is critical for energy efficiency. Growth in this market is propelled by factors including stringent energy-saving regulations, the rising cost of energy, increased environmental consciousness, and innovative technological developments. Moreover, urban expansion and industrial growth consistently amplify the demand for effective insulation solutions. Despite the growth prospects, the market faces limitations such as fluctuating raw material costs, complexities in installation processes, disparate performance standards globally, and environmental concerns surrounding certain materials. Opportunities in the market are burgeoning with trends, such as high-performance material innovations, including smart insulation technologies that adapt to environmental variables, thus optimizing energy usage. The focus on developing recyclable and bio-based insulation stands as a future growth vector, offering differentiation and reinforcing the market's commitment to sustainability.
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- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rapid urbanization and industrialization in developing countries and the booming construction industry
- 5.1.1.2. Government regulations and initiatives for home insulating material
- 5.1.1.3. Increased demand for energy-efficient thermal insulation solutions for electric vehicles
- 5.1.2. Restraints
- 5.1.2.1. Issues associated with fluctuating raw material costs
- 5.1.3. Opportunities
- 5.1.3.1. Introduction of high-heat capacity and thin thermal insulation products
- 5.1.3.2. Growing focus on sustainability and recycling thermal insulation material
- 5.1.4. Challenges
- 5.1.4.1. Health concerns of few thermal insulation products
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing adoption of cellulose and fiberglass as a cost-effective solution for large-scale residential applications
- 5.2.2. Temperature Range: Higher demand for intermediate temperature insulating material offering balance between high heat resistance and cost efficiency
- 5.2.3. Application: Rising need for efficient insulation materials in construction sector to comply with strict building codes and standards
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Thermal Insulation Material Market, by Type
- 6.1. Introduction
- 6.2. Cellulose
- 6.3. Fiberglass
- 6.4. Mineral Wool
- 6.5. Polystyrene
- 6.6. Polyurethane Foam
- 7. Thermal Insulation Material Market, by Temperature Range
- 7.1. Introduction
- 7.2. High-Temperature Thermal Insulation
- 7.3. Intermediate Temperature Thermal Insulation
- 7.4. Low-Temperature Thermal Insulation
- 8. Thermal Insulation Material Market, by Application
- 8.1. Introduction
- 8.2. Automotive
- 8.3. Building & Construction
- 8.4. Industrial
- 8.5. Oil & Gas
- 9. Americas Thermal Insulation Material Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Thermal Insulation Material Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Thermal Insulation Material Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Freudenberg Launches Sustainable, Low-Level BPA Thermal Insulation Products
- 12.3.2. Beerenberg Enters Distribution Agreement with Aerogel-IT
- 12.3.3. Energystore is Launching Low-Carbon Footprint Insulation Product Range, Energystore+ Using Neopor BMB By BASF
- 12.4. Strategy Analysis & Recommendation
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
- FIGURE 1. THERMAL INSULATION MATERIAL MARKET RESEARCH PROCESS
- FIGURE 2. THERMAL INSULATION MATERIAL MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL THERMAL INSULATION MATERIAL MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL THERMAL INSULATION MATERIAL MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL THERMAL INSULATION MATERIAL MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. THERMAL INSULATION MATERIAL MARKET DYNAMICS
- FIGURE 7. GLOBAL THERMAL INSULATION MATERIAL MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL THERMAL INSULATION MATERIAL MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL THERMAL INSULATION MATERIAL MARKET SIZE, BY TEMPERATURE RANGE, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL THERMAL INSULATION MATERIAL MARKET SIZE, BY TEMPERATURE RANGE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL THERMAL INSULATION MATERIAL MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL THERMAL INSULATION MATERIAL MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS THERMAL INSULATION MATERIAL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS THERMAL INSULATION MATERIAL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES THERMAL INSULATION MATERIAL MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES THERMAL INSULATION MATERIAL MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC THERMAL INSULATION MATERIAL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC THERMAL INSULATION MATERIAL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA THERMAL INSULATION MATERIAL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA THERMAL INSULATION MATERIAL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. THERMAL INSULATION MATERIAL MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 22. THERMAL INSULATION MATERIAL MARKET, FPNV POSITIONING MATRIX, 2023
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