All updated as on -
By 2030, the global market for insulation products is predicted to be worth USD 123.49 billion, a CAGR of 7.8 percent between 2022 and 2030.
Insulation products and materials are nonconducting components designed to isolate everything and maintain its normal functioning from the surrounding environment. The construction industry makes use of insulating materials to lessen the transmission of sound, electricity, and heat between the inside and outside of various devices and structures. In general, the insulating materials market is divided into three categories: thermal, electrical, and acoustic. An efficient insulation system relies on the correct installation of high-quality insulation materials. Most insulation is made from either mineral fibres or plastic foams. Glass wool and stone wool are two examples of mineral wools that can be found in mineral fibres. Polystyrene, polyurethane, polyisocyanurate, cellulose, and aerogels are just few of the plastic foams that find applications. Products containing these materials are put to use in HVAC and insulating applications, as well as the building and construction sectors. Insulation is essential for avoiding heat gain and loss in buildings and cutting down on electrical use. As a heat flow barrier, it is essential for keeping dwellings comfortable year-round.
Like the innovative polyetheretherketone (PEEK) extrusion compound KetaSpire® KT-857 announced by Solvay in May 2023 for insulating copper magnet wires in electric motors. The development of the tailor-made insulating material was spurred by the move by original equipment manufacturers towards higher density batteries and electric powertrains operating at 800V or higher to alleviate consumer range anxiety. Solvay's new magnet wire PEEK insulating material has significant environmental benefits in addition to its improved adhesion in a faster and cheaper monolayer process.
Influential Elements
Products designed to insulate buildings have become increasingly sought after in the global construction market in recent years. Over the forecast period, demand for insulating goods has increased thanks to the rising tide of eco-friendly construction. Demand for insulating materials rises as the transportation and consumer end-use industries flourish. A prominent trend in the international insulation products market is the increasing importance of acoustic insulation in building design and construction. In addition, the market for insulation materials is being driven by the construction industry's increasing demand for low-priced products and equipment, acoustic insulation in walls, and technological developments in HVAC equipment. As technology in the automotive industry has steadily improved, insulating materials have become increasingly commonplace in vehicles. Due to the increasing prevalence and sophistication of electrical gadgets in vehicles, acoustic insulation has become a hot commodity.
Increasing industry and fast urbanisation in emerging economies like China, India, the Philippines, Malaysia, Thailand, and Indonesia have increased the need for better infrastructure. As a result of urbanisation and population growth, there will be a greater need for eco-friendly housing, which is expected to spur industrial growth. New opportunities for industrial growth are anticipated thanks to advances in thermal insulation technology, such as vacuum insulation panels and research and development efforts to enhance transparent thermal insulation. Additionally, the necessity for thermal insulators in residential, non-residential, and industrial buildings has expanded over the past several decades due to the rise in global warming and significant climatic changes in order to conserve energy and give comfort to inhabitants.
Limiting Circumstances
However, the global market for insulating goods is anticipated to grow at a slower rate than usual over the forecast period due to rising raw material costs and severe environmental laws. Because of their dependence on crude oil, goods like polyurethane and polystyrene foams are sensitive to fluctuations in oil prices and availability. The import and manufacturing situations in various countries impact the availability of raw oil-based products like polymers and elastomers. It's important to note that logistics (production site), labour expenses, trading costs, and customs have a significant impact on raw material pricing. Therefore, these factors affect the trajectory of the insulation products market.
Report Coverage
Global Insulation Products research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Insulation Products report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Insulation Products competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Insulation Products market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Insulation Products market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Insulation Products market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Soprema Group, Huntsman Corporation, Rockwool International A/S, Cellofoam International, Recticel, Saint-Gobain ISOVER, Owens Corning Corp., Rogers Corporation, Knauf Insulation, DuPont, BASF, Evonik, China Jushi Co. Ltd., Covestro AG, Armacell International S.A., Atlas Roofing Corporation, Cellofoam North America, Inc., GAF Materials Corporation
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Insulation Products market based on the below-mentioned segments:
Global Insulation Products Market, By Type
Stone Wool
Glass Wool
Fiberglass
EPS
XPS
CMS Fibers
Calcium Silicate
Aerogel
Cellulose
PIR
Polyurethane Foam
Flexible Elastomeric Foam
Phenolic Foam
Others
Global Insulation Products market, By Industry Verticals
Construction
Industrial
HVAC & OEM
Automotive & Transportation
Appliances
Furniture
Oil & Gas
Packaging
Others
Global Insulation Products market, Regional Analysis
Insulation products and materials are nonconducting components designed to isolate everything and maintain its normal functioning from the surrounding environment. The construction industry makes use of insulating materials to lessen the transmission of sound, electricity, and heat between the inside and outside of various devices and structures. In general, the insulating materials market is divided into three categories: thermal, electrical, and acoustic. An efficient insulation system relies on the correct installation of high-quality insulation materials. Most insulation is made from either mineral fibres or plastic foams. Glass wool and stone wool are two examples of mineral wools that can be found in mineral fibres. Polystyrene, polyurethane, polyisocyanurate, cellulose, and aerogels are just few of the plastic foams that find applications. Products containing these materials are put to use in HVAC and insulating applications, as well as the building and construction sectors. Insulation is essential for avoiding heat gain and loss in buildings and cutting down on electrical use. As a heat flow barrier, it is essential for keeping dwellings comfortable year-round.
Like the innovative polyetheretherketone (PEEK) extrusion compound KetaSpire® KT-857 announced by Solvay in May 2023 for insulating copper magnet wires in electric motors. The development of the tailor-made insulating material was spurred by the move by original equipment manufacturers towards higher density batteries and electric powertrains operating at 800V or higher to alleviate consumer range anxiety. Solvay's new magnet wire PEEK insulating material has significant environmental benefits in addition to its improved adhesion in a faster and cheaper monolayer process.
Influential Elements
Products designed to insulate buildings have become increasingly sought after in the global construction market in recent years. Over the forecast period, demand for insulating goods has increased thanks to the rising tide of eco-friendly construction. Demand for insulating materials rises as the transportation and consumer end-use industries flourish. A prominent trend in the international insulation products market is the increasing importance of acoustic insulation in building design and construction. In addition, the market for insulation materials is being driven by the construction industry's increasing demand for low-priced products and equipment, acoustic insulation in walls, and technological developments in HVAC equipment. As technology in the automotive industry has steadily improved, insulating materials have become increasingly commonplace in vehicles. Due to the increasing prevalence and sophistication of electrical gadgets in vehicles, acoustic insulation has become a hot commodity.
Increasing industry and fast urbanisation in emerging economies like China, India, the Philippines, Malaysia, Thailand, and Indonesia have increased the need for better infrastructure. As a result of urbanisation and population growth, there will be a greater need for eco-friendly housing, which is expected to spur industrial growth. New opportunities for industrial growth are anticipated thanks to advances in thermal insulation technology, such as vacuum insulation panels and research and development efforts to enhance transparent thermal insulation. Additionally, the necessity for thermal insulators in residential, non-residential, and industrial buildings has expanded over the past several decades due to the rise in global warming and significant climatic changes in order to conserve energy and give comfort to inhabitants.
Limiting Circumstances
However, the global market for insulating goods is anticipated to grow at a slower rate than usual over the forecast period due to rising raw material costs and severe environmental laws. Because of their dependence on crude oil, goods like polyurethane and polystyrene foams are sensitive to fluctuations in oil prices and availability. The import and manufacturing situations in various countries impact the availability of raw oil-based products like polymers and elastomers. It's important to note that logistics (production site), labour expenses, trading costs, and customs have a significant impact on raw material pricing. Therefore, these factors affect the trajectory of the insulation products market.
Report Coverage
Global Insulation Products research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Insulation Products report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Insulation Products competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Insulation Products market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Soprema Group, Huntsman Corporation, Rockwool International A/S, Cellofoam International, Recticel, Saint-Gobain ISOVER, Owens Corning Corp., Rogers Corporation, Knauf Insulation, DuPont, BASF, Evonik, China Jushi Co. Ltd., Covestro AG, Armacell International S.A., Atlas Roofing Corporation, Cellofoam North America, Inc., GAF Materials Corporation |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Insulation Products Market from 2021 to 2030.
- Market Forecast for Insulation Products Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Insulation Products competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Insulation Products
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Insulation Products market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Insulation Products market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Soprema Group, Huntsman Corporation, Rockwool International A/S, Cellofoam International, Recticel, Saint-Gobain ISOVER, Owens Corning Corp., Rogers Corporation, Knauf Insulation, DuPont, BASF, Evonik, China Jushi Co. Ltd., Covestro AG, Armacell International S.A., Atlas Roofing Corporation, Cellofoam North America, Inc., GAF Materials Corporation
Primary Target Market
- Market Players of Insulation Products
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Insulation Products market based on the below-mentioned segments:
Global Insulation Products Market, By Type
Stone Wool
Glass Wool
Fiberglass
EPS
XPS
CMS Fibers
Calcium Silicate
Aerogel
Cellulose
PIR
Polyurethane Foam
Flexible Elastomeric Foam
Phenolic Foam
Others
Global Insulation Products market, By Industry Verticals
Construction
Industrial
HVAC & OEM
Automotive & Transportation
Appliances
Furniture
Oil & Gas
Packaging
Others
Global Insulation Products market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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