The global OEM insulation market size was valued at USD 32.6 billion in 2021 and is expected to reach around USD 53.2 billion by 2030 and expected to grow at a compound annual growth rate (CAGR) of 5.59% from 2022 to 2030.
The demand for the OEM insulation has grown in the recent years as there has been a great demand in transportation sector and the demand for the OEM installation has also increased for the different end user industries. As the investments from the government have increased in the recent years the demand for these services will also continue to grow during the forecast period.
The awareness regarding the availability of different types of materials which could be used for insulation and the benefits are associated with the use of these materials will drive the market growth in the coming years. outbreak of the COVID-19 pandemic has affected about 100 countries across the world. That disrupted supply chains and constant lockdowns across these countries had affected the growth of most of the economies. The demand for the OEM insulation had reduced in the industrial sector. but now the market has strongly bounced back and it will continue to grow well in the coming years.
When it comes to the construction industry and the building industry the awareness about the OEM insulation has increased in the recent years. As the demand for the energy efficient infrastructure has grown in the recent years the constructing of such buildings has also increased. Due to which there has been a great increase in the demand for insulation services. In the coming years the construction and building industry is expected to have the largest market share as compared to any other industries. As the demand for the goods that are energy efficient and the equipment that is energy efficient has increased the demand for OEM insulation is expected to grow in the coming years.
The growing demand for acoustic insulation is also expected to help in the growth of the market in the coming years. As the need for air conditioning, ventilation and hooping devices have increased for the construction sector there shall be a growth in the need for the OEM insulation in the coming years. as the air conditioners are used in different types of transport vehicles used for the public and personal use and an increase in the number of such vehicles will help in the growth of the market during the forecast period. was provided to the batteries, it helps in protecting from fire and insulation is used for the data recorders. insulation plays an important role in the fire proofing of the interior parts of the vehicle. It helps in ensuring safety. The use of different types of materials for insulation plays an extremely important role in increasing the lifespan of the vehicles.
Report Scope of the OEM Insulation Market
|Market Size in 2022||
USD 34.42 Billion
|Market Size by 2030||
USD 53.2 Billion
|Growth Rate from 2022 to 2030||CAGR of 5.59%|
|Forecast Period||2022 to 2030|
|Segments Covered||Material, Insulation Type, End Use and Geography|
ACH Foam Technologies LLC, Anco Products Inc., Big Sky Insulations, Demilec Inc., E.I. du Pont de Nemours and Company, Johns Manville Corporation, Knauf Insulation, Armacell International S.A., Aspen Aerogels Inc., Autex Industries Ltd., Morgan Advanced Materials, Owens Corning Corp., Paroc, Rockwool International A/S, Saint-Gobain S.A., Scott Industries LLC, Superglass Insulation Ltd., The 3M Company, Triumph Group In
Key Market Drivers
Increase in the need for the Insulation services and new techniques- As the number of applications for the industry having creased which is specifically due to the growth in the industrialization as well as urbanization there has also be an introduction of new techniques that will provide better opportunities for the growth of the market in the coming years
Concern about reducing the carbon emission- In the recent years the concerns about saving energy have increased due to which the organizations auto focusing on providing better an innovative technique that will help in the growth of the market in the coming years. Growing concern about environment is one of the factors that will help in the growth of the market in the coming years. The demand for the energy efficient devices has grown which are used in many sectors. As the awareness about the availability of such devices has grown the demand for insulation will continue to grow in the coming years.
Rapid urbanization and industrialization- In most of the developing nations industrialization has played an important role in the growth of the market. The growing demand for air conditioning, heating and ventilation will help in creating demand for the insulation services. The demand for insulation has increased at different types of construction sites.
Key Market Challenges
What are the key market opportunities in the OEM insulation market?
On the basis of the type of material the formed plastics segment is expected to have the largest market share in the coming years. The segment has dominated the market in the past with the maximum share in terms of revenue and it will continue to grow well in the coming years. As the applicability of foam plastics is large as compared to the other types of materials available in the market the segment is expected to grow well during the forecast period. Formed plastics possess mechanical properties or exceptional qualities that are not provided by the use of other materials and hence the market will grow well for this segment. Different types of foamed plastics like polyurethane foam, expanded polystyrene and extruded polystyrene are used on a large scale.
End User Insights
On the basis of the end user, the automotive industry is expected to have the largest market share in the coming years. The requirements for insulation in the car and the hood will play an important role in the growth of the market in the coming years. when it comes to the automotive sector there has been an increased concern about the safety of the passengers and there's a growing need for comfort in different types of vehicles.
Insulation is expected to play an instrumental role in providing safety as well as comfort to the users and due to which the market is expected to grow well in the coming year. The manufacturers of different types of vehicles are investing huge amounts in providing better features that ensure the safety and the comfort of the passengers constant efforts for upgrading all of these features will help in the growth of the automotive market in the coming years and the demand for OEM insulation is also expected to grow during the forecast period.
OEM Insulation Market Share, By Region, 2021 (%)
|Regions||Revenue Share in 2021 (%)|
Why Asia Pacific held highest market share OEM insulation market?
Why North America region is growing faster in the OEM insulation market?
Key Market Players
Segments covered in the report
By Insulation Type
By End User
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