PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1652615
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1652615
The global OEM insulation market size is projected to grow from USD 17.99 billion in 2024 to USD 24.80 billion by 2030, at a CAGR of 5.5% between 2024 and 2030. The OEM insulation market will grow moderately due to such factors as the increased interest in the technological advancement of HVAC equipment in the construction sector, a massive increase in air-conditioned technology adoption in public transport vehicles globally and regionally, and the consequent need for OEM insulation materials in the refrigeration industry. Factors such as an unorganized OEM insulation market in various countries disrupting the value chain and stringent environmental regulations concerning the manufacturing of PUF are impeding the growth of the OEM insulation market.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Units Considered | Value (USD Billion) |
Segments | Material Type, Insulation Type, End Use, and Region |
Regions covered | North America, Europe, Asia Pacific, and Rest of the world |
"FEF-based OEM insulation is projected to witness the highest CAGR during the forecast period."
The FEF-based OEM insulation market is projected to witness the highest growth during the forecast period. This segment's growth is attributed to its lightweight, flexible, and excellent thermal and acoustic insulation properties, highly desirable in buildings, vehicles, and industrial applications.
"The transportation segment projected to lead the OEM insulation market from 2024 to 2030."
The transportation segment represents the largest and most rapidly expanding OEM insulation market by end-use. Mass transit riders, office workers, and students spend considerable time in public transit for daily activities, making maintaining indoor air quality in public transport vehicles essential. This has resulted in heightened demand for air-conditioned commercial vehicles, personal cars, metros, and trains, driving the demand for the OEM insulation market. Countries including the US, China, Germany, India, Japan, and South Korea are promoting electric vehicles, which catalyzes the OEM insulation market within the transportation sector.
"Europe projected to account for the maximum share of the global OEM insulation market during the forecast period."
Europe will lead the global OEM insulation market from 2024 to 2030. Europe is the world's leading consumer and producer of OEM insulation. The regional market is motivated by stringent regulations regarding energy conservation and growth Income levels. Due to its robust industrial sector, France holds the largest share of the European OEM insulation market.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and other executives from various key organizations operating in the OEM insulation market.
By Company Type: Tier 1: 40%, Tier 2: 20%, and Tier 3: 40%
By Designation: C-level Executives: 10%, Directors: 70%, and Others: 20%
By Region: North America: 20%, Europe: 20%, Asia Pacific: 45%, and the South America: 10%, MEA-5%
The global OEM insulation market comprises major manufacturers such as Owens Corning (US), Rockwool A/S (Denmark), Covestro AG (Germany), Armacell (Luxembourg), Huntsman Corporation (US), Saint-Gobain ISOVER (France), Rogers Corporation (US), Recticel Group (Belgium), Aspen Aerogels Inc (US), Morgan Advanced Materials plc (UK), Knauf Insulation (US), Johns Manville (US), China Jushi Co., Ltd (China), Huamei Energy-saving Technology Group Co., Ltd (China), L'Isolante K-Flex S.p.A (Italy), and Kingspan Group (Ireland).
Research Coverage
The market analysis encompasses the OEM insulation sector across multiple segments. The objective is to estimate the market size and growth potential across various segments by material type, end-use, and region. The research incorporates a comprehensive competitive analysis of major market participants, their corporate profiles, and significant insights about their products and business offerings, recent developments, and key growth strategies implemented to strengthen their position in the OEM insulation market.
Reasons to Buy the Report
The report aims to assist market leaders and new entrants by providing information on the revenue estimates for the overall OEM insulation market, including its segments and sub-segments. This report aims to assist stakeholders in comprehending the market's competitive landscape and acquiring insights to enhance their business positions and formulate effective go-to-market strategies. The report helps stakeholders understand market dynamics and offers insights into key drivers, challenges, and opportunities.