Thermal Insulation Market Growth | Trends, Size, Share & Forecast 2024-2031 | Top key players - Saint-Gobain S.A., BASF SE, Kingspan Group plc.

The latest report published by DataM Intelligence highlights the growth prospects of Thermal Insulation market. The industry expansion is majorly driven by developments in technology across the globe.

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Global Thermal Insulation Market reached USD 68.9 billion in 2022 and is expected to reach USD 119.5 billion by 2031, growing with a CAGR of 6.2% during the forecast period 2024-2031.

The Thermal Insulation Market revolves around materials and solutions designed to reduce heat transfer between surfaces. These products help maintain indoor temperatures, improve energy efficiency, and lower heating and cooling costs in buildings, appliances, and industrial systems. As sustainability and energy-saving become priorities worldwide, demand for advanced insulation materials continues to grow across construction, automotive, and manufacturing sectors.

Competitive Evaluation:

Companies covered in this report are Johns Manville Corporation, Saint-Gobain S.A., BASF SE, Kingspan Group plc, Knauf Insulation, Inc., Owens Corning, Huntsman Corporation, Rockwool International A/S, Firestone Building Products Company and Cabot Corporation.

The Thermal Insulation Market analysis identifies a number of major market players. It enables companies to understand the strategies and partnerships used by other industry players to combat market competition. The comprehensive market report provides a fascinating microscopic look at the market. Corporations can detect the footprints of manufacturers by learning about demand, the global price of manufacturers, and the global benefit of manufacturing companies.

Key Development

On April 13, 2021, Atlas Roofing Company rolled out its SureSlope line of prefabricated tapered roofing products. These innovative components are made from closed-cell polyisocyanurate laminated to non-asphalt organic or inorganic coated glass facings, offering a durable and efficient insulation solution. Designed to streamline the construction process, SureSlope products are ideal for roofing applications that require speed and precision.

On January 20, 2020, Imerys Group, a French leader in mineral-based specialty solutions, acquired the thermal insulation division of Hyderabad Industries Ltd. (HIL) for INR 80 crore. HIL, part of the US$1.6 billion CK Birla Group, saw this move as a strategic step to boost its presence in infrastructure and building materials. The acquisition enhanced Imerys' portfolio and footprint in the Indian construction market.

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Thermal Insulation Market Segments

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Product: Cellular Material, Fibrous Material, Granular Material.

By Temperature Range: -160°C to -50°C, -49°C to 0°C, 1°C to 100°C, 101°C to 650°C.

By Material: Stone Wool, Glass Wool, Plastic Temperature Range, Others.

By End-User: Building & Construction, Oil & Gas, Aerospace & Aviation, Mechanical Systems, Clothing, Automotive, Industrial, Others.

By Application: Roof Insulation, Wall Insulation, Floor Insulation.

Regional Assessment:

Regional analysis includes segmentation based on the geography that accentuates the recent and future demand for Thermal Insulation market across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also focuses on the demand for each application segment over all the prominent regions.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

In terms of geographical analysis, Thermal Insulation Market report provides an in-depth view of:-

∎ Regional level break-up
∎ Leading growth rates
∎ Countries with the largest market share
∎ Market factors
∎ Latest developments
∎ Industry challenges
∎ Regulatory policies
∎ Player strategies

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This report provides a 360-degree synopsis of the competitive scenario of the Thermal Insulation industry. It has enormous awareness joined to the ongoing item and technical improvements in the business sector. It has a thorough analysis of the impact of the potential future development of these headways, a wide-ranging review of those extensions available for future growth.

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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