Market Insights
“The OEM Insulation Market size was valued at US$ 31.5 Billion in 2023 and is likely to grow at a decent CAGR of 5.6% in the long run to reach US$ 43.1 Billion in 2032.”
Market Dynamics
Introduction
The OEM insulation market plays a critical role in enhancing energy efficiency, thermal management, and acoustic performance across industries such as automotive, construction, appliances, and aerospace. OEM insulation solutions are tailored to meet the needs of original equipment manufacturers, offering customized materials that provide effective heat resistance, noise reduction, and environmental compliance. The regulatory focus on sustainability and energy conservation has been increasing. Moreover, with the growing adoption of electric vehicles and energy-efficient appliances, demand for advanced insulation materials is growing. Innovations in lightweight, high-performance insulation solutions are driving market expansion, making it a cornerstone for industries aiming to optimize performance and reduce energy consumption.
Recent Market JVs and Acquisitions:
A huge number of strategic alliances including M&As, JVs, etc. have been performed over the past few years:
- In July 2021, Owens Corning announced the acquisition of Vliepa GmbH (Germany) which specializes in the coating, printing, and finishing of nonwoven, paper, and film for the building materials industry.
- In January 2020, Covestro AG collaborated with Recticel NV/SA to develop mattresses from end-of-life mattresses, which aims at creating a circular economy in the polyurethane foam market.
Recent Product Development:
- In 2023, Dow Chemical introduced a bio-based polyisocyanurate insulation product, designed to lower environmental impacts while maintaining high insulation efficiency.
- In 2021, Owens Corning launched PINK Next Gen Fiberglass insulation featuring advanced fiber technology that improves stiffness and recovery for faster deployment, reduced dust, and superior insulation performance.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Types
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Mineral Wool, Polyurethane Foam, Flexible Elastomeric Foam, Other Insulations
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Polyurethane Foam is expected to experience significant growth in the future because of its excellent thermal insulating properties.
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End Use
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Building & Construction, Industrial, Transportation, Consumer
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Building & Construction end-use segment will continue to grow with increasing urbanization.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific region is expected to experience significant growth in the future because of its booming infrastructure and urbanization.
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By Type
“Polyurethane Foam is expected to experience significant growth in the future because of its excellent thermal insulating properties.”
- The market is segmented into Mineral Wool, Polyurethane Foam, Flexible Elastomeric Foam, and Other Insulations.
- As global energy efficiency regulations become stricter, polyurethane foam’s excellent thermal insulating properties make it an ideal choice in various applications, particularly in building insulation, refrigeration, and automotive sectors.
- The construction industry is shifting toward sustainable building materials, and polyurethane foam fits this trend due to its low thermal conductivity and lightweight.
By Application
“Building & Construction end-use segment will continue to grow with increasing urbanization.”
- The market is segmented by application into Building & Construction, Industrial, Transportation, and Consumer.
- With increasing urbanization, particularly in developing regions like Asia-Pacific, there is a surge in demand for residential, commercial, and industrial buildings, increasing the demand for products like OEM insulation.
- Governments and organizations are placing a higher emphasis on green buildings, energy-efficient constructions, and sustainable building materials. This focus is promoting the use of advanced insulation and other eco-friendly materials that enhance energy efficiency.
Regional Analysis
“Asia-Pacific region is expected to experience significant growth in the future because of its booming infrastructure and urbanization.”
- The Asia-Pacific region is heavily investing in infrastructure and urbanization. The construction boom in commercial buildings, residential sectors, and industrial facilities demands advanced insulation solutions, thus creating demand for OEM insulation.
- The region is a major hub for automotive manufacturing, as the production of electric vehicles increases, the demand for OEM insulation increases for thermal insulation.
Key Players
The market is highly fragmented with the presence of over 500 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. Some of the major players are:
Here is the list of the Top Players (Based on Dominance)
- Johns Manville
- Knauf Insulation
- Saint-Gobain
- Rockwool International A/S
- Owens Corning
- Armacell International S.A.
- Aspen Aerogels, Inc.
- Kingspan Group
- Huntsman Corporation
- Covestro AG
Note: The above list does not necessarily include all the top players of the market.
Are you the leading player in this market? We would love to include your name. Write to us at [email protected]
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global OEM Insulation Market is segmented into the following categories.
OEM Insulation Market, by Type
- Mineral wool (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Polyurethane Foam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Flexible Elastomeric Foam (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Other insulations (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
OEM Insulation Market, by End Use
- Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Consumer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
OEM Insulation Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s OEM Insulation market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
