OEM Insulation Materials Market: Increasing Focus On Technical Advancement Of HVAC Equipment In The Construction Sector Aiding The Market

OEM Insulation Materials Market Overview

According to a research survey conducted by ChemView Consulting, the current valuation of the Global OEM Insulation Materials Market is worth US$ 28,473.9 Mn in 2022. The market value of OEM Insulation Materials is expected to reach US$ 48,178.5 Mn by the year 2032, growing at a CAGR of 5.4% over the forecast period. From 2017–2021, when the market’s CAGR was 4.6%, the market underwent significant growth.

The OEM Insulation Materials market is rapidly expanding due to the growing demand for OEM Insulation Materials and increasing focus on technical advancement of HVAC equipment in the construction sector, a large number of public transport vehicles adopting air-conditioned technology globally and regionally are expected to drive demand for the OME insulation market.

ChemView Consulting has analyzed that OEM Insulation Materials seeks significant demand from the automotive industry, positively influencing the market growth. Increasing automobile production in regions such as the Middle East, Asia Pacific, and Latin America has risen dramatically OEM Insulation Materials demand.

The main factors contributing to increased automobile production are increased credit availability, disposable income, and people’s increasing need for personal transportation. The factors mentioned above are likely to increase global demand for OEM Insulation Materials.

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Segments Covered in Report

By Material Type

  • Mineral Wool
  • Stone Wool
  • Glass Wool
  • Fiber Glass
  • Fluid Extruded Foam
  • Foamed Plastic
  • Polyurethane foam
  • Extruded Polystyrene
  • Expanded Polystyrene
  • Phenolic Foam
  • Melamine Foam
  • Foamed Glass
  • Closed Cell Elastomeric Foam

By End Use Industries

  • Consumer Appliances
    • Baking Ovens
    • Heaters
    • Washers & Dryers
    • Air-Conditioners
    • Others
  • Transportation
  • Aerospace & Spacecraft
  • Subways
  • Marine
  • Automotive
  • Industrial
  • Building and Construction
  • Power & Energy
  • Oil & Gas
  • Food Processing
  • Others

By Insulation Type

  • Blanket
  • Rolls and Batts
  • Loose Fill

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the OEM Insulation Materials Market

  • Based on the type, the Mineral Wool segment accounted for the largest share in the overall OEM insulation market. The demand for Mineral Wool is increasing due to its applicability in diverse fields such as consumer, commercial, and marine applications. Compared to other materials used in the market, Mineral Wool possesses mechanical properties or exceptional qualities not provided by other materials.
  • Based on the end-use industries, The Rapid growth in the global automotive industry during the forecast period is expected to fuel the growth of the OEM insulation market owing to the growing investments by vehicle manufacturers in improving the safety features and comfort level in vehicles.
  • North America is projected to dominate the OEM Insulation Materials market with a market share of 29.0% during the forecast period due to high consumption from the region’s stringent end-use industries and enormous OEM Insulation Materials production rate, particularly in the US.

Competition Summary

Key companies covered in the market study are BASF, Evonik, Paroc Group Oy, SAINT-GOBAIN, Armacell International S.A, Johns Manville Corporation, Henry Company, Styrotech, Inc., NCFI Polyurethanes, Morgan Advanced Materials, Scott Industries LLC, Anco Products Inc.

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Report Key Highlights

  • Detailed information on factors that will assist Global OEM Insulation Material’s growth during the next ten years
  • Assessment of the historical and current Global OEM Insulation Materials Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
  • The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

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