Press release
Global OEM Insulation Market Growth Prospects, Future Industry Landscape 2033 | Compagnie de Saint Gobain SA, 3M Company, ALP Group Ltd., Armacell International SA
OEM Insulation Global Market Report 2024
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.
Market Overview -
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.
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Growing Demand For Oem Insulation In The Commercial Office And Industrial Construction Sector
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.
Competitive Landscape -
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.
Technological Advancement In Efficiency And Environmental Impact
Technological advancement is a key trend gaining popularity in the OEM insulation market. Major companies operating in the OEM insulation market are focused on developing new technological solutions to strengthen their position. For instance, in August 2021, Owens Corning Corporation, a US-based company operating in OEM insulation, launched PINK Next Gen Fiberglas insulation based on advanced fiber technology. Advanced fiber technology helps to improve stiffness and recovery for quicker deployment, allowing superior texture with fewer chunks and clumps for one-pass clean cuts and less dust to make the surface smooth. This technology allows the installation of insulating material in a very short time of application, creates a woven network of fibers that develop resilient blankets of insulating micro-pockets, and is free from hazardous chemicals to protect against environmental pollution.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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