The OEM Insulation Market Size was valued at USD 33.39 billion in 2022, and expected to reach USD 51.24 billion by 2030, and grow at a CAGR of 5.5% over the forecast period 2023-2030. OEM stands for Original Equipment Manufacturer, and it refers to a company that creates a component or subsystem that is used in another company's product. An insulating substance reduces heat gain or loss by forming a barrier between two surfaces that are at different temperatures. Insulation comes in a variety of forms, including sprayed form, structural insulated panels, concrete, foam boards, reflective, and fibre insulation. The industrial sector is the primary application for OEM insulations. The growing need for insulation services in a wide range of applications in both the industrial and commercial sectors has fueled OEM insulation market expansion around the world. Automotive, construction, aerospace, and consumer appliances are among the key end-user industries for OEM insulation.
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Drivers:
The need for OEM insulation is driven by the advancement of HVAC equipment in the construction industry.
Air-conditioning technology is being adopted by a large number of public smart transportation vehicles.
Insulation Materials in the Refrigeration Industry are Growing Due to COVID-19 Vaccination
Restraints
The unorganised OEM insulation market in Asia-Pacific is causing value chain disruption.
Manufacturing of Polyurethane Foam is subject to stringent environmental regulations.
Opportunity:
Energy Conservation Regulations that Require the Use of Insulation Materials
Eco-Friendly Flexible Elastomeric Foam Replaces Legacy Materials
Challenge:
Oems face pricing pressure because to fluctuating raw material costs.
Until April 2020, the epidemic has affected more than five billion individuals around the world. More than a hundred countries were put on lockdown, either completely or partially. The pandemic's supply chain disruption and lockdown have had an impact on the GDP of all major economies, including Germany, the United States, China, Japan, the United Kingdom, India, Italy, and France. During the first and second quarters of 2020, the Covid-19 pandemic resulted in production shutdowns and weaker demand from the industrial sector for OEM insulating materials, but the industry has rebounded rapidly in 2021 and is predicted to reach and exceed pre-COVID-19 levels in 2022. As a result, after a drop in 2020, demand for OEM insulation materials is growing moderately.
COVID-19 impacted the OEM insulation market by end use because to restrictions on international travel, the closure of the tourism sector, a halt in construction operations, and the closure of most manufacturing enterprises. The pandemic had a significant impact on countries like the United States, Germany, Italy, India, and France, which have historically had a high demand for end use applications, resulting in a drop in the overall market in 2020 compared to 2019.
By Material Type
Mineral Wool
Fiberglass
Stone wool
Polyurethane Foam (PUF)
Flexible Elastomeric Foam (FEF)
Ethylene Propylene Diene Monomer (EPDM)
Nitrile Butadiene Rubeer (NBR)
Polyethylene Insulation (PE)
Other Insulations
Extruded Polystyrene Insulation (XPS)
Expanded Polystyrene Insulation (EPS)
Aerogel
Others
By End Use
Building & Construction
Industrial
Refrigeration
Oil & Petrochemical
Food Processing
Power Generation & others
Transportation
Aerospace & Defense
Automotive
Others (Marine, HVAC, and others)
Consumer
Consumer goods
Lighting & other electronics
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North America, Europe, Latin America, Asia Pacific, the Middle East, and the Rest of Africa are the regional segments for the worldwide OEM insulation market. Due to a large demand for commercial and residential structures that require insulation materials for their construction, Asia Pacific holds a prominent position in the worldwide OEM insulation market. The increasing OEM insulation materials market in Asia Pacific is being driven by rising awareness of the benefits of OEM insulation materials, such as achieving an energy efficient building, rising energy prices, and burgeoning construction activities in countries such as India and China. India's booming automobile sector is also helping to drive the OEM insulation market in Asia Pacific.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Owens Corning Corp., Saint-Gobain S.A., Aspen Aerogels Inc., Johns Manville Corporation, Rockwool International A/S, I. du Pont de Nemours and Company, The 3M Company, Knauf Insulation, Paroc, Armacell International S.A., and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 33.39 Billion |
| Market Size by 2030 | US$ 51.24 Billion |
| CAGR | CAGR of 5.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Material Type (Mineral Wool, Polyurethane Foam (PUF), Flexible Elastomeric Foam (FEF), Other Insulations) • By End Use (Building & Construction, Transportation, Consumer) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Owens Corning Corp., Saint-Gobain S.A., Aspen Aerogels Inc., Johns Manville Corporation, Rockwool International A/S, I. du Pont de Nemours and Company, The 3M Company, Knauf Insulation, Paroc, Armacell International S.A., and other players. |
| DRIVERS | • The need for OEM insulation is driven by the advancement of HVAC equipment in the construction industry. • Air-conditioning technology is being adopted by a large number of public transportation vehicles. • Insulation Materials in the Refrigeration Industry are Growing Due to COVID-19 Vaccination |
| Restraints | • The unorganised OEM insulation market in Asia-Pacific is causing value chain disruption. • Manufacturing of Polyurethane Foam is subject to stringent environmental regulations. |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and ngo
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report
Ans: COVID-19 impacted the OEM insulation market by end use because to restrictions on international travel, the closure of the tourism sector, a halt in construction operations, and the closure of most manufacturing enterprises. The pandemic had a significant impact on countries like the United States, Germany, Italy, India, and France, which have historically had a high demand for end use applications, resulting in a drop in the overall market in 2020 compared to 2019.
Ans: Energy Conservation Regulations that Require the Use of Insulation Materials and Eco-Friendly Flexible Elastomeric Foam Replaces Legacy Materialsare the opportunity for OEM Insulation Market OEM Insulation Market.
Ans: OEM Insulation Market Size was valued at USD31.65 billion in 2021, and expected to reach USD 46.04 billion by 2028, and grow at a CAGR of 5.5% over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.OEM Insulation Market Segment, By Material Type
8.1 Mineral Wool
8.1.1 Fiberglass
8.1.2 Stone wool
8.2 Polyurethane Foam (PUF)
8.3 Flexible Elastomeric Foam (FEF)
8.3.1 Ethylene Propylene Diene Monomer (EPDM)
8.3.2 Nitrile Butadiene Rubeer (NBR)
8.3.3 Polyethylene Insulation (PE)
8.4 Other Insulations
8.4.1 Extruded Polystyrene Insulation (XPS)
8.4.2 Expanded Polystyrene Insulation (EPS)
8.4.3 Aerogel
8.4.4 Others
9.OEM Insulation Market Segment, By End Use
9.1 Building & Construction
9.1.1 Industrial
9.1.2 Refrigeration
9.1.3 Oil & Petrochemical
9.1.4 Food Processing
9.1.5 Power Generation & others
9.2 Transportation
9.2.1 Aerospace & Defense
9.2.2 Automotive
9.3.3 Others (Marine, HVAC, and others)
9.3 Consumer
9.3.1 Consumer goods
9.3.2 Lighting & other electronics
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profile
11.1 Owens Corning Corp.
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Saint-Gobain S.A.
11.3 Aspen Aerogels Inc.
11.4 Johns Manville Corporation
11.5 Rockwool International A/S
11.6 I. du Pont de Nemours and Company
11.7 The 3M Company
11.8 Knauf Insulation
11.9 Paroc
11.10 Armacell International S.A.
12.Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
13. Conclusion
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