What Is The Current and Historic Market Size Analysis Of The OEM Insulation Market?
The oem insulation market has seen considerable growth due to a variety of factors.
• The market size for OEM insulation has seen considerable growth recently and is projected to increase from $21.81 billion in 2024 to $23.1 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.9%. This historical growth can be credited to factors such as industrial development and expansion, energy efficiency standards, the emphasis on sustainability, temperature management needs, government incentives and rebates, and the globalization of manufacturing.
What are the Market Size and Expected Growth Rates for the OEM Insulation Market in the Coming Years?
The OEM Insulation market is expected to maintain its strong growth trajectory in upcoming years.
• Advancements in the OEM insulation market are expected to be substantial in the upcoming years, with estimates putting its growth at about $29.93 billion by 2029, increasing at a compound annual growth rate (CAGR) of 6.7%.
This growth during the projection period can be tied to the global drive for renewable energy, advancements in urban planning and infrastructure, circular economy movements, the demand for noise limitation, and the rise in composite material usage. Key trends for the forecast period include harsh regulations on energy efficiency, the introduction of intelligent insulation technologies, custom-made solutions, light-weight insulation for transport equipment, incorporation of insulation into HVAC systems, and alliances and cooperations.
Which Key Drivers Are Propelling The OEM Insulation Market's Growth?
The growth of the OEM insulation market is anticipated to be fueled by the increasing construction of commercial offices and industrial structures. The term 'construction of commercial offices and industries' reflects the creation of business-purpose, high-quality buildings. To decrease energy usage and operating costs, the construction of such offices and industries necessitates the employment of advanced insulating materials. In the United States, for example, the United States Census Bureau, a federal statistical agency, reported in August 2022 that industrial construction spending for June 2022 totaled $1,762.3 billion. As a result, the expanding construction of commercial and industrial buildings is propelling the OEM insulation market's growth.
What Are The Key Segments Within The Global OEM Insulation Market?
The OEM insulation market covered in this report is segmented –
1) By Insulation Type: Blankets, Rolls And Batts, Loose Fill, Other Insulation Types
2) By Material Type: Mineral Wool, Polyurethane Foam (PUF), Flexible Elastomeric Foam (FEF), Other Material Types
3) By End User: Aerospace, Automotive, Marine, HVAC Equipment, Building And Construction, Consumer Appliances, Other End-Users
Subsegments:
1) By Blankets: Fiberglass Blankets, Mineral Wool Blankets, Cotton Blankets
2) By Rolls And Batts: Fiberglass Rolls, Rock Wool Rolls, Cotton Batts
3) By Loose Fill: Cellulose Loose Fill, Fiberglass Loose Fill, Mineral Wool Loose Fill
4) By Other Insulation Types: Spray Foam Insulation, Rigid Foam Insulation, Reflective Or Radiant Barrier Insulation
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How Are New Trends Impacting The Size Of The OEM Insulation Market?
The progression of technology is a significant trend on the rise in the OEM insulation market. Major firms in this market are keen on creating fresh technological approaches to solidify their stand. For example, Energystore, a UK-based insulation products manufacturer, unveiled the EnergyStore+ series in March 2023. This series comprises insulation solutions with a low carbon footprint, formulated with BASF's Neopor BMB. The objective of launching this product series is to supply top-tier insulation and concurrently bring down building carbon emissions considerably, thus leading to energy expense reduction and increased comfort. The series presents the superbead+ system, which is an injected EPS foam bead for cavity walls, and TLA+, a mix of EPS foam beads and cement for insulation in floors and roofs poured in place. Notably, both items are produced using renewable resources, thus dramatically decreasing their carbon footprints relative to conventional Neopor materials.
Who Are the Key Players In The OEM Insulation Market?
Major companies operating in the OEM insulation market include:
• Compagnie de Saint Gobain SA
• 3M Company
• ALP Group Ltd.
• Armacell International SA
• Aspen Aerogels Inc.
• Atlas Roofing Corporation
• BASF SE
• Covestro AG
• Evonik Industries AG
• Johns Manville Corporation
• Knauf Insulation GmbH
• Owens Corning Corporation
• Rockwool International AS
• Scott Manufacturing LLC
• Armacell International Holding
• CertainTeed Corp.
• Dow Inc.
• Fi-Foil Company
• Fireshell Ltd.
• Fitech Engineers Pvt. Ltd.
• GAF Materials Corporation
• GTS Interior Supply Co.
• Industrial Thermo Polymers Limited
• ITW Insulation Systems Inc.
• Kingspan Group PLC
• Knauf Insulation Ltd.
• Lapolla Industries Inc.
• Reflectix Inc.
• Rmax Broadband Pvt. Ltd.
What Are The Regional Insights Into The OEM Insulation Market?
Asia-Pacific was the largest region in the OEM insulation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the OE insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
