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Thermal Insulation Market

Thermal Insulation Material Market Size, Share & Segment by Material Type (Plastic Foam, Stone Wool, Fiberglass, Others), By Temperature Range ((−160⁰C to −50⁰C), (− 49⁰C to 0⁰C), (1⁰C to 100⁰C), (1⁰C to 650⁰C)), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1511 | May 2022 | Region: Global | 125 Pages

Report scope & Overview: 

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. 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. 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.

Thermal Insulation Material Market Revenue Graph

Market Dynamics:

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.

Key Players:

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, Saint Gobain S.A.,
Market Segmentation

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)

Thermal Insulation Material Market segment Chart

Regional analysis

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

Thermal Insulation Material Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 55 Billion
Market Size by 2028 US$ 73.35 Billion
CAGR CAGR of 4.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 Royal Dutch Shell, Sinopec, Marathon Oil, Pioneer Natural Resources, EOG Resources, British petroleum, Exxon Mobil and Chesapeake Energy Total SA, PetroChina and Anadarko Petroleum Co., Devon Energy, 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.


Frequently Asked Questions (FAQ) :

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

 

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 Rockwool International A/S

11.3 Berkshire Hathway (Johns Manville)

11.4 Bayer AG, Dow Chemicals Company

11.5 E. I. du Pont de Nemours

11.6 Company, Berkshire Hathway (Johns Manville)

11.7 Owens Corning, Kingspan Group PLC

11.8 Saint Gobain S.A.

 

12. Competitive Landscape

12.1Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

 

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Secondary Research

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