The Thermal Insulation Material Market Size was valued at USD 57.31 billion in 2022, and expected to reach USD 79.64 billion by 2030, and grow at a CAGR of 4.2% over the forecast period 2023-2030. Thermal insulation materials are used to prevent heat energy from flowing between two temperature extremes. Heat is usually transferred from high to low temperatures. Insulation in which radiant heat is reflected rather than absorbed is provided by thermal insulation materials. Fiberglass, stone wool, and plastic foam are examples of common thermal insulation materials. Smart Buildings, clothing, mechanical systems, natural animal insulation, spaceships, and automobiles all use these materials. Aluminum cladding is used to cover fiberglass material used in industrial applications. It aids in extending the length of thermal comfort without relying on mechanical air-conditioning in the building business, particularly during inter-seasonal months.
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Drivers:
Increase demand for the construction industry.
Increasing government initiatives for construction.
Restraint:
The high capital cost of insulation materials.
Lack of awareness.
Opportunity:
Increasing infrastructure development initiatives.
An increasing number of energy-efficient buildings.
Challenge:
Manufacturing of lightweight products.
By Material Type:
Plastic Foam
Stone Wool
Fiber Glass
Other
By Temperature Range
(−160⁰C to −50⁰C)
(− 49⁰C to 0⁰C)
(1⁰C to 100⁰C)
(1⁰C to 650⁰C)
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Increased investment Key players in the thermal insulation material market are likely to drive growth in the Asian region, particularly in Japan and China, over the forecast timeframe. In China, for example, it began a new production line for Duranol polycarbonate diol (PCD), which is used to create high-performance polyurethanes, in 2015. As a result, such investments are projected to help the market flourish.
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
Asahi Kasei Corporation, Asahi Kasei Corporation, GAF Materials Corporation, Rockwool International A/S, Guardian Building Products, Inc., Owens Corning, Huntsman International LLC, Johns Manville Corporation, Cellofoam North America, Inc., Dow Chemicals Company, Atlas Roofing Corporation, CertainTeed Corporation, Roxul, Inc., Owens Corning Corporation, Saint-Gobain S.A., Byucksan Corporation, Kingspan Group PLC, BASF Polyurethanes GmbH, and Other players
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 57.31 Billion |
| Market Size by 2030 | US$ 79.64 Billion |
| CAGR | CAGR of 4.2% 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 (Plastic Foam, Stone Wool, Fiberglass, Others) • By Temperature Range ((−160⁰C to −50⁰C), (− 49⁰C to 0⁰C), (1⁰C to 100⁰C), (1⁰C to 650⁰C)) |
| 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 | Asahi Kasei Corporation,Asahi Kasei Corporation, Asahi Kasei Corporation, GAF Materials Corporation, Rockwool International A/S, Guardian Building Products, Inc., Owens Corning, Huntsman International LLC, Johns Manville Corporation, Cellofoam North America, Inc., Dow Chemicals Company, Atlas Roofing Corporation, CertainTeed Corporation, Roxul, Inc., Owens Corning Corporation, Saint-Gobain S.A., Byucksan Corporation, Kingspan Group PLC, BASF Polyurethanes GmbH, and other players. |
| DRIVERS | • Increase demand for the construction industry. • Increasing government initiatives for construction. |
| Restraints | • The high capital cost of insulation materials. • Lack of awareness. |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Thermal insulation materials are used to prevent heat energy from flowing between two temperature extremes. Heat is usually transferred from high to low temperatures.
Ans: Asahi Kasei Corporation, Rockwool International A/S Berkshire Hathway (Johns Manville), Bayer AG, Dow Chemicals Company, E. I. du Pont de Nemours and Company, Berkshire Hathway (Johns Manville), Owens Corning, Kingspan Group PLC and Saint Gobain S.A. are the major key players of Thermal Insulation Material Market.
Ans: Increase demand for construction industry and Increasing government initiatives for construction the drivers for Thermal Insulation Material Market.
Ans: Global Thermal Insulation Material Market, Size was valued at USD 55 billion in 2021, and expected to reach USD 73.35 billion by 2028, and grow at a CAGR of 4.2 % over the forecast period 2022-2028.
Table of Content:
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. Global Thermal Insulation Material Market Segment, by Material Type:
8.1 Plastic Foam
8.2 Stone Wool
8.3 Fiberglass
8.4 Others
9. Global Thermal Insulation Material Market Segment, by Temperature Range:
9.1 (−160⁰C to −50⁰C)
9.2 (− 49⁰C to 0⁰C)
9.3 (1⁰C to 100⁰C)
9.4 (1⁰C to 650⁰C)
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 Profiles
11.1 Asahi Kasei Corporation
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Asahi Kasei Corporation
11.3 GAF Materials Corporation
11.4 Rockwool International A/S
11.5 Guardian Building Products, Inc.
11.6 Owens Corning
11.7 Huntsman International LLC
11.8 Johns Manville Corporation
11.9 Cellofoam North America, Inc.
11.10 Dow Chemicals Company
11.11 Atlas Roofing Corporation
11.12 CertainTeed Corporation
11.13 Roxul, Inc.
11.14 Owens Corning Corporation
11.15 Saint-Gobain S.A.
11.16 Byucksan Corporation
11.17 Kingspan Group PLC
11.18 BASF Polyurethanes GmbH
12. Competitive Landscape
12.1Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
13. Conclusion
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