Growth Factors of Insulation Market
The Insulation market was valued at USD 27.90 billion in 2023, and the market is now projected tgrow tUSD 96.3 billion by 2032, exhibiting a CAGR of 10.0% during the forecast period of 2024-2032.
In the phase of the post pandemic flutter, the insulation market growth is driven by an increment in customer mindfulness around vitality and natural preservation. Furthermore, significant ventures in mechanical framework over the globe and an increment in request for cold capacity units for nourishment security are playing a key part in market advancement. For occurrence, agreeing tthe Global Cold Chain Alliance (GCCA), the capacity of refrigerated distribution centres expanded from 580 Mn m3 in 2016 t616 Mn m3 in 2018. Such developments are expected thelp within the expansion of the market within the estimate period.
Insulation of office spaces has seen a sharp increment within the later past, especially for acoustic. Acoustic separator makes a difference within the cancellation of commotion gotten within the office from the environment. The National Institute of Building Sciences reports that the arrangement of a comfortable and calm environment tthe representatives essentially contributes toptimizing execution, coming about in decreased truancy. In this way, a part of companies has included this item in their new developments, whereas tocarrying out retrofitting and redesign at ancient frameworks.
Vehicle producers are persistently investigating on creating high-performance motors. These motors make a part of commotion amid operation, making them unsatisfactory for the vehicle inhabitants tbear. Motors toproduce a parcel of vitality, driving twarming of the environment, which may lead tdisastrous misfortunes of vitality and fabric. Hence, the request for cover items from vehicle producers is developing, tmultiply the vitality effectiveness and decrease the clamour, making the vehicle appropriate for operation.
Comprehensive Analysis of Insulation Market
Based on components, the market is classified intmineral wools, foamed plastics, cellulose, aerogels, and others. Mineral wools are further bifurcated intglass wool and stone wool, whereas frothed plastics are further isolated intextended polystyrene (EPS), extruded polystyrene (XPS), polyurethane (PU), polyisocyanurate (PIR), and others. The choice of the fabric is based on the cover resistance test carried out by a separator analyser. By application, the showcase is fragmented intHVAC & OEM, transportation, bundling, building & development, and others. Separator is utilized in building & development tdiminish vitality request. Among the applications, the transportation portion is anticipated tbe the fastest-growing fragment. Cover improves the execution of the motor by decreasing the warm misfortunes and beside accomplishing acoustic protecting.
The insulation market share is being dominated by the Asia pacific region being profoundly valued at USD 12.08 billion. Asia Pacific could be a quickly developing economic powerhouse that unequivocally emphasizing the advancement of foundation and the standard of living. The governments within the region are supporting economical foundation advancement, which incorporates creating structure with energy-saving arrangements such as sun-oriented vitality tackling gadgets and way better separator. A few producers are creating novel items by carrying out a combination of twor more separator materials tsuperior suit the mowarm – high acoustic protecting necessities within the region. These factors are expected tmake a very conducive environment for separator industry development all through the estimate period.
In the globalized market pool is being overpowered by few of the key companies owing ttheir strong thing portfolio, key imperative choices, and dominance of grandstand share. These consolidate a accumulate of key companies with more broad geographic closeness and decided R&D, coming almost in a strong thing portfolio. The market is significantly set in nature, with three major players working within the showcase. Moreover, inorganic improvement techniques such as mergers and acquisitions will help brace the significant market revenue. Atlas Roofing Company (U.S.), Cellofoam North America Inc. (U.S.), DuPont (U.S.), Knauf Insulation (U.S.), Owens Corning (U.S.), Armacell S.A. (Luxembourg), Beijing New Building Material (Group) Co., Ltd. (China), Evonik (Germany), PT. Bondor Indonesia (Indonesia), BYUCKSAN (South Korea), Huamei Energy-saving Technology Group Co., Ltd. (China), Johns Manville (U.S.), Kaneka Corporation (Japan), KCC Corporation (South Korea), Kingspan Insulation LLC (U.S.) and Lloyd (India) are the major players dedicatedly working towards the truly explore and progression of the advancement in manufacturing and moving Insulation things improved with more prosperity benefits and most noteworthy supplement maintenance.
In the month of April 2021, Carlisle Companies Inc. declared a speculation of more than US$ 60 Mn for building of an imaginative, innovatively progressed polyisseparator fabricating office in Sikeston, Missouri.
SEGMENTATION TABLE
ATTRIBUTE DETAILS
Study Period - 2015-2026
Base Year - 2018
Forecast Period - 2019-2026
Historical Period - 2015-2017
Unit - Volume (Million Sq. Meters) and Value (USD Billion)
By Material
- Mineral Wools
Stone Wool
- Foamed Plastics
Extruded Polystyrene
Polyurethane
Polyisocyanurate
Others
- Cellulose
- Aerogels
- Others
- HVAC & OEM
- Transportation
- Packaging
- Building & Construction
- Others
- North America (the U.S., Canada, and Mexico)
- Europe (Germany, France, Poland, UK, Italy, Spain, Russia, and the Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Southeast Asia, Australia & New Zealand, and the Rest of Asia Pacific)
- South America (Brazil, Argentina, and the Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and the Rest of the Middle East & Africa)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Global Insulation Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Material
- 5.2.1. Mineral Wool
- 5.2.1.1. Glass Wool
- 5.2.1.2. Stone Wool
- 5.2.2. Foamed Plastics
- 5.2.2.1. Expanded Polystyrene (EPS)
- 5.2.2.2. Extruded Polystyrene (XPS)
- 5.2.2.3. Polyurethane (PU)
- 5.2.2.4. Polyisocyanurate (PIR)
- 5.2.2.5. Others
- 5.2.3. Cellulose
- 5.2.4. Aerogels
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. HVAC & OEM
- 5.3.2. Transportation
- 5.3.3. Packaging
- 5.3.4. Building & Construction
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia pacific
- 5.4.4. South America
- 5.4.5. Middle East & Africa
- 6. North America Insulation Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Material
- 6.2.1. Mineral Wool
- 6.2.1.1. Glass Wool
- 6.2.1.2. Stone Wool
- 6.2.2. Formed Plastics
- 6.2.2.1. Expanded Polystyrene
- 6.2.2.2. Extruded Polystyrene
- 6.2.2.3. Polyurethane
- 6.2.2.4. Polyisocyanurate
- 6.2.2.5. Others
- 6.2.3. Cellulose
- 6.2.4. Aerogels
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. HVAC & OEM
- 6.3.2. Transportation
- 6.3.3. Packaging
- 6.3.4. Building & Construction
- 6.3.5. Others
- 6.4. Market Analysis – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 6.4.3. Mexico
- 7. Europe Insulation Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Material
- 7.2.1. Mineral Wool
- 7.2.1.1. Glass Wool
- 7.2.1.2. Stone Wool
- 7.2.2. Formed Plastics
- 7.2.2.1. Expanded Polystyrene
- 7.2.2.2. Extruded Polystyrene
- 7.2.2.3. Polyurethane
- 7.2.2.4. Polyisocyanurate
- 7.2.2.5. Others
- 7.2.3. Cellulose
- 7.2.4. Aerogels
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. HVAC & OEM
- 7.3.2. Transportation
- 7.3.3. Packaging
- 7.3.4. Building & Construction
- 7.3.5. Others
- 7.4. Market Analysis – By Country
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. Poland
- 7.4.4. UK
- 7.4.5. Italy
- 7.4.6. Spain
- 7.4.7. Russia
- 7.4.8. Rest of Europe
- 8. Asia Pacific Insulation Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Material
- 8.2.1. Mineral Wool
- 8.2.1.1. Glass Wool
- 8.2.1.2. Stone Wool
- 8.2.2. Formed Plastics
- 8.2.2.1. Expanded Polystyrene
- 8.2.2.2. Extruded Polystyrene
- 8.2.2.3. Polyurethane
- 8.2.2.4. Polyisocyanurate
- 8.2.2.5. Others
- 8.2.3. Cellulose
- 8.2.4. Aerogels
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. HVAC & OEM
- 8.3.2. Transportation
- 8.3.3. Packaging
- 8.3.4. Building & Construction
- 8.3.5. Others
- 8.4. Market Analysis – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. South Korea
- 8.4.5. Southeast Asia
- 8.4.6. Australia & New Zealand
- 8.4.7. Rest of Asia Pacific
- 9. South America Insulation Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Material
- 9.2.1. Mineral Wool
- 9.2.1.1. Glass Wool
- 9.2.1.2. Stone Wool
- 9.2.2. Formed Plastics
- 9.2.2.1. Expanded Polystyrene
- 9.2.2.2. Extruded Polystyrene
- 9.2.2.3. Polyurethane
- 9.2.2.4. Polyisocyanurate
- 9.2.2.5. Others
- 9.2.3. Cellulose
- 9.2.4. Aerogels
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. HVAC & OEM
- 9.3.2. Transportation
- 9.3.3. Packaging
- 9.3.4. Building & Construction
- 9.3.5. Others
- 9.4. Market Analysis – By Country
- 9.4.1. Brazil
- 9.4.2. Argentina
- 9.4.3. Rest of South America
- 10. Middle East & Africa Insulation Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Material
- 10.2.1. Mineral Wool
- 10.2.1.1. Glass Wool
- 10.2.1.2. Stone Wool
- 10.2.2. Formed Plastics
- 10.2.2.1. Expanded Polystyrene
- 10.2.2.2. Extruded Polystyrene
- 10.2.2.3. Polyurethane
- 10.2.2.4. Polyisocyanurate
- 10.2.2.5. Others
- 10.2.3. Cellulose
- 10.2.4. Aerogels
- 10.2.5. Others
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. HVAC & OEM
- 10.3.2. Transportation
- 10.3.3. Packaging
- 10.3.4. Building & Construction
- 10.3.5. Others
- 10.4. Market Analysis – By Country
- 10.4.1. South Africa
- 10.4.2. GCC
- 10.4.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Company Profiles
- 11.1.1. Atlas Roofing Company
- 11.1.1.1. Overview,
- 11.1.1.2. Products & services,
- 11.1.1.3. SWOT analysis,
- 11.1.1.4. Recent developments,
- 11.1.1.5. strategies,
- 11.1.1.6. financials (based on availability)
- 11.1.2. Cellofoam North America Inc.
- 11.1.2.1. Overview,
- 11.1.2.2. Products & services,
- 11.1.2.3. SWOT analysis,
- 11.1.2.4. Recent developments,
- 11.1.2.5. strategies,
- 11.1.2.6. financials (based on availability)
- 11.1.3. DuPont
- 11.1.3.1. Overview,
- 11.1.3.2. Products & services,
- 11.1.3.3. SWOT analysis,
- 11.1.3.4. Recent developments,
- 11.1.3.5. strategies,
- 11.1.3.6. financials (based on availability)
- 11.1.4. Knauf Insulation
- 11.1.4.1. Overview,
- 11.1.4.2. Products & services,
- 11.1.4.3. SWOT analysis,
- 11.1.4.4. Recent developments,
- 11.1.4.5. strategies,
- 11.1.4.6. financials (based on availability)
- 11.1.5. Owens Corning
- 11.1.5.1. Overview,
- 11.1.5.2. Products & services,
- 11.1.5.3. SWOT analysis,
- 11.1.5.4. Recent developments,
- 11.1.5.5. strategies,
- 11.1.5.6. financials (based on availability)
- 11.1.6. Armacell S.A.
- 11.1.6.1. Overview,
- 11.1.6.2. Products & services,
- 11.1.6.3. SWOT analysis,
- 11.1.6.4. Recent developments,
- 11.1.6.5. strategies,
- 11.1.6.6. financials (based on availability)
- 11.1.7. Beijing New Building Material (Group) Co., Ltd.
- 11.1.7.1. Overview,
- 11.1.7.2. Products & services,
- 11.1.7.3. SWOT analysis,
- 11.1.7.4. Recent developments,
- 11.1.7.5. strategies,
- 11.1.7.6. financials (based on availability)
- 11.1.8. Evonik
- 11.1.8.1. Overview,
- 11.1.8.2. Products & services,
- 11.1.8.3. SWOT analysis,
- 11.1.8.4. Recent developments,
- 11.1.8.5. strategies,
- 11.1.8.6. financials (based on availability)
- 11.1.9. PT. Bondor Indonesia
- 11.1.9.1. Overview,
- 11.1.9.2. Products & services,
- 11.1.9.3. SWOT analysis,
- 11.1.9.4. Recent developments,
- 11.1.9.5. strategies,
- 11.1.9.6. financials (based on availability)
- 11.1.10. BYUCKSAN
- 11.1.10.1. Overview,
- 11.1.10.2. Products & services,
- 11.1.10.3. SWOT analysis,
- 11.1.10.4. Recent developments,
- 11.1.10.5. strategies,
- 11.1.10.6. financials (based on availability)
- 11.1.11. Huamei Energy-saving Technology Group Co., Ltd.
- 11.1.11.1. Overview,
- 11.1.11.2. Products & services,
- 11.1.11.3. SWOT analysis,
- 11.1.11.4. Recent developments,
- 11.1.11.5. strategies,
- 11.1.11.6. financials (based on availability)
- 11.1.12. Johns Manville
- 11.1.12.1. Overview,
- 11.1.12.2. Products & services,
- 11.1.12.3. SWOT analysis,
- 11.1.12.4. Recent developments,
- 11.1.12.5. strategies,
- 11.1.12.6. financials (based on availability)
- 11.1.13. Kaneka Corporation
- 11.1.13.1. Overview,
- 11.1.13.2. Products & services,
- 11.1.13.3. SWOT analysis,
- 11.1.13.4. Recent developments,
- 11.1.13.5. strategies,
- 11.1.13.6. financials (based on availability)
- 11.1.14. KCC Corportion
- 11.1.14.1. Overview,
- 11.1.14.2. Products & services,
- 11.1.14.3. SWOT analysis,
- 11.1.14.4. Recent developments,
- 11.1.14.5. strategies,
- 11.1.14.6. financials (based on availability)
- 11.1.15. Kingspan Insulation LLC
- 11.1.15.1. Overview,
- 11.1.15.2. Products & services,
- 11.1.15.3. SWOT analysis,
- 11.1.15.4. Recent developments,
- 11.1.15.5. strategies,
- 11.1.15.6. financials (based on availability)
- 11.1.16. Lloyd Insulations (India) Limited
- 11.1.16.1. Overview,
- 11.1.16.2. Products & services,
- 11.1.16.3. SWOT analysis,
- 11.1.16.4. Recent developments,
- 11.1.16.5. strategies,
- 11.1.16.6. financials (based on availability)
- 11.1.17. Luyang Energy-saving Materials Co., Ltd.
- 11.1.17.1. Overview,
- 11.1.17.2. Products & services,
- 11.1.17.3. SWOT analysis,
- 11.1.17.4. Recent developments,
- 11.1.17.5. strategies,
- 11.1.17.6. financials (based on availability)
- 11.1.18. NICHIAS Corporation
- 11.1.18.1. Overview,
- 11.1.18.2. Products & services,
- 11.1.18.3. SWOT analysis,
- 11.1.18.4. Recent developments,
- 11.1.18.5. strategies,
- 11.1.18.6. financials (based on availability)
- 11.1.19. ROCKWOOL International A/S
- 11.1.19.1. Overview,
- 11.1.19.2. Products & services,
- 11.1.19.3. SWOT analysis,
- 11.1.19.4. Recent developments,
- 11.1.19.5. strategies,
- 11.1.19.6. financials (based on availability)
- 11.1.20. U.P. Twiga Fiberglass Limited
- 11.1.20.1. Overview,
- 11.1.20.2. Products & services,
- 11.1.20.3. SWOT analysis,
- 11.1.20.4. Recent developments,
- 11.1.20.5. strategies,
- 11.1.20.6. financials (based on availability)
- 11.1.21. GAF
- 11.1.21.1. Overview,
- 11.1.21.2. Products & services,
- 11.1.21.3. SWOT analysis,
- 11.1.21.4. Recent developments,
- 11.1.21.5. strategies,
- 11.1.21.6. financials (based on availability)
- 11.1.22. Superglass Insulation Ltd.
- 11.1.22.1. Overview,
- 11.1.22.2. Products & services,
- 11.1.22.3. SWOT analysis,
- 11.1.22.4. Recent developments,
- 11.1.22.5. strategies,
- 11.1.22.6. financials (based on availability)
- 11.1.23. Reciticel Group
- 11.1.23.1. Overview,
- 11.1.23.2. Products & services,
- 11.1.23.3. SWOT analysis,
- 11.1.23.4. Recent developments,
- 11.1.23.5. strategies,
- 11.1.23.6. financials (based on availability)
- 11.1.24. Ursa
- 11.1.24.1. Overview,
- 11.1.24.2. Products & services,
- 11.1.24.3. SWOT analysis,
- 11.1.24.4. Recent developments,
- 11.1.24.5. strategies,
- 11.1.24.6. financials (based on availability)
- 11.1.25. Firestone Building Products
- 11.1.25.1. Overview,
- 11.1.25.2. Products & services,
- 11.1.25.3. SWOT analysis,
- 11.1.25.4. Recent developments,
- 11.1.25.5. strategies,
- 11.1.25.6. financials (based on availability)
- 11.1.26. Bridgestone Chemitech Co., Ltd.
- 11.1.26.1. Overview,
- 11.1.26.2. Products & services,
- 11.1.26.3. SWOT analysis,
- 11.1.26.4. Recent developments,
- 11.1.26.5. strategies,
- 11.1.26.6. financials (based on availability)
- 11.1.27. K-FLEX S.p.A.
- 11.1.27.1. Overview,
- 11.1.27.2. Products & services,
- 11.1.27.3. SWOT analysis,
- 11.1.27.4. Recent developments,
- 11.1.27.5. strategies,
- 11.1.27.6. financials (based on availability)
- 11.1.28. Sound Seal
- 11.1.28.1. Overview,
- 11.1.28.2. Products & services,
- 11.1.28.3. SWOT analysis,
- 11.1.28.4. Recent developments,
- 11.1.28.5. strategies,
- 11.1.28.6. financials (based on availability)
- 11.1.29. Huntsman International LLC
- 11.1.29.1. Overview,
- 11.1.29.2. Products & services,
- 11.1.29.3. SWOT analysis,
- 11.1.29.4. Recent developments,
- 11.1.29.5. strategies,
- 11.1.29.6. financials (based on availability)
- 11.1.30. Other Players
- 11.1.30.1. Overview,
- 11.1.30.2. Products & services,
- 11.1.30.3. SWOT analysis,
- 11.1.30.4. Recent developments,
- 11.1.30.5. strategies,
- 11.1.30.6. financials (based on availability)
- 12. Strategic Recommendations
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