Overview and Scope
Original equipment manufacturer (OEM) insulation refers to an original equipment manufacturer that is involved in the production of insulation products that minimizes heat gain or loss by creating a block between surfaces at different temperatures. An insulation system that has been correctly planned and installed quickly minimizes the need for energy and produces considerable savings.
Sizing and Forecast
The oem insulation market size has grown strongly in recent years. It will grow from $20.67 billion in 2023 to $21.96 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to industrial growth and expansion, energy efficiency regulations, focus on sustainability, temperature control requirements, government incentives and rebates, globalization of manufacturing..
The oem insulation market size is expected to see strong growth in the next few years. It will grow to $27.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to global push for renewable energy, urbanization and infrastructure development, circular economy initiatives, focus on noise reduction, increasing use of composite materials.. Major trends in the forecast period include stringent energy efficiency regulations, integration of smart insulation technologies, customization and tailored solutions, lightweight insulation for transportation equipment, integration of insulation in hvac systems, partnerships and collaborations..
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The oem insulation market covered in this report is segmented –
1) By Insulation Type: Blankets, Rolls and Batts, Loose Fill, Other Insulation Types
2) By Material Type: Mineral Wool, Polyurethane Foam (PUF), Flexible Elastomeric Foam (FEF), Other Material Types
3) By End User: Aerospace, Automotive, Marine, HVAC Equipment, Building and Construction, Consumer Appliances, Other End-Users
Asia-Pacific was the largest region in the OEM insulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oem insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising construction of commercial offices and industries is expected to propel the growth of the OEM insulation market going forward. Construction of commercial offices and industries refers to the process of constructing a high-quality building for business purposes. The construction of commercial offices and industries requires advanced insulating materials to reduce energy consumption and operational cost. For instance, in August 2022, according to data published by the United States Census Bureau, a US-based Federal Statistical agency, the total spending on industrial construction in the US was $1,762.3 billion in June 2022. Therefore, the rising construction of commercial offices and industries is driving the growth of the OEM insulation market.
Key Industry Players
Major companies operating in the oem insulation market report are Compagnie de Saint Gobain SA, 3M Company, ALP Group Ltd., Armacell International SA, Aspen Aerogels Inc., Atlas Roofing Corporation, BASF SE, Covestro AG, Evonik Industries AG, Johns Manville Corporation, Knauf Insulation GmbH, Owens Corning Corporation, Rockwool International AS, Scott Manufacturing LLC, Armacell International Holding, CertainTeed Corp., Dow Inc., Fi-Foil Company, Fireshell Ltd., Fitech Engineers Pvt. Ltd., GAF Materials Corporation, GTS Interior Supply Co., Industrial Thermo Polymers Limited, ITW Insulation Systems Inc., Johns-Manville Corporation, Kingspan Group plc, Knauf Insulation Ltd., Lapolla Industries Inc., Reflectix Inc., Rmax Broadband Pvt. Ltd.
The oem insulation market report table of contents includes:
1. Executive Summary
2. OEM Insulation Market Characteristics
3. OEM Insulation Market Trends And Strategies
4. OEM Insulation Market – Macro Economic Scenario
….
31. Global OEM Insulation Market Competitive Benchmarking
32. Global OEM Insulation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The OEM Insulation Market
34. OEM Insulation Market Future Outlook and Potential Analysis
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