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Insulation - Market Analysis, Trends, and Forecasts

  • ID: 338357
  • Report
  • February 2020
  • Region: Global
  • 260 Pages
  • Global Industry Analysts, Inc
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Insulation market worldwide is projected to grow by US$15 Billion, driven by a compounded growth of 4.2%. Foamed Plastics, one of the segments analyzed and sized in this study, displays the potential to grow at over 4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$33.2 Billion by the year 2025, Foamed Plastics will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.2% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$537.9 Million to the region's size and clout in the next 5 to 6 years. Over US$439.3 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Foamed Plastics will reach a market size of US$1.8 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.5% over the next couple of years and add approximately US$4.2 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • 3M Company
  • Armacell International S.A.
  • Aspen Aerogels, Inc.
  • BASF SE
  • BASF Polyurethanes GmbH
  • Cabot Corporation
  • CNBM International Corporation
  • ContiTech AG
  • Evonik Industries AG
  • Flachshaus GmbH
  • Fletcher Insulation
  • Flumroc AG
  • Huntsman Corporation
  • Johns Manville
  • Knauf Insulation
  • LG Hausys
  • Promat International
  • Morgan Advanced Materials
  • Owens Corning
  • Paroc Oy AB
  • PPG Industries
  • Rockwool International A/S
  • Roxul, Inc.
  • Saint-Gobain
  • Skamol A/S
  • Superglass Insulation Ltd.
  • Dow Building Solutions
  • Unifrax LLC
  • URSA Insulation, S.A.
Note: Product cover images may vary from those shown
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II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Recent Market Activity

Spiraling Electricity Appetite from Ballooning Global Population and the Resulting Need for Energy Efficiency: The Fundamental Growth Driver

Insulation for Improving Energy Efficiency in Developing Countries

Developing Countries Spearhead Current and Future Market Growth

Protecting the Environment through Lower Greenhouse Gas Emissions

Preventing Moisture Condensation

Improvement in Process Performance

Reduction in Size and Capacity of New Machineries

Protection against Outbreak of Fire

Protection and Safety of Personnel

The US & Europe: Steady Growth Projected for the Matured Markets

Global Market Outlook

Optimization of ROI

Enhanced Appearance

Reduction in Noise Levels

Use of Insulation for Controlling Noise Levels

Insulation: Starting Point for Preventing Energy Loss, Raising Energy Efficiency and Solving Climate Challenges

Increased Energy Efficiency

Myriad Benefits of Insulation Drives Widespread Adoption

Raising Energy Efficiency and Solving Climate Challenges

Growth Drivers in a Nutshell

Key Opportunities and Challenges Summarized

Myriad Benefits of Insulation Drives Widespread Adoption

Increased Energy Efficiency

Preventing Moisture Condensation

Reduction in Size and Capacity of New Machineries

Improvement in Process Performance

Protecting the Environment through Lower Greenhouse Gas Emissions

Protection and Safety of Personnel

Protection against Outbreak of Fire

Reduction in Noise Levels

Optimization of ROI

Enhanced Appearance

Global Competitor Market Shares

Insulation Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

The US & Europe: Steady Growth Projected for the Matured Markets

2. FOCUS ON SELECT PLAYERS

3M Company (USA)

Armacell International S.A. (Luxembourg)

Aspen Aerogels, Inc. (USA)

BASF SE (Germany)

BASF Polyurethanes GmbH (Germany)

BNZ Materials, Inc. (USA)

Cabot Corporation (USA)

Cellofoam North America, Inc. (USA)

CNBM International Corporation (China)

ContiTech AG (Germany)

DBW Advanced Fiber Technologies GmbH (Germany)

Evonik Industries AG (Germany)

Flachshaus GmbH (Germany)

Fletcher Insulation (Australia)

Flumroc AG (Switzerland)

G+H Isolierung GmbH (Germany)

GAF (USA)

Huntsman Corporation (USA)

Icynene Inc. (Canada)

Insulcon Group (Belgium)

Johns Manville (USA)

Industrial Insulation Group LLC (USA)

Kingspan Group Plc (Ireland)

Knauf Insulation Holding GmbH (Germany)

Knauf Insulation Ltd. (UK)

LG Hausys, Ltd. (South Korea)

L'Isolante K-Flex S.p.A. (Italy)

Masterplast Group International (Hungary)

Promat International (Belgium)

Microtherm N.V. (Belgium)

Morgan Advanced Materials (UK)

Porextherm Dämmstoffe GmbH (Germany)

Owens Corning (USA)

Pittsburgh Corning Corporation (USA)

Paroc Oy AB (Finland)

PPG Industries (USA)

Recticel S.A (Belgium)

Rockwool International A/S (Denmark)

Rockwool Ltd. (UK)

Rockwool Manufacturing Company (USA)

Roxul, Inc. (Canada)

Saint-Gobain (France)

CertainTeed Corporation (USA)

Glava A/S (Norway)

Saint-Gobain ISOVER SA (France)

Sealed Air Corporation (USA)

Skamol A/S (Denmark)

StyroChem International (USA)

Superglass Insulation Ltd. (UK)

The Lindner Group (Germany)

Dow Building Solutions (USA)

Thermafiber, Inc. (USA)

Unifrax LLC (USA)

URSA Insulation, S.A (Spain)

USG Boral (Malaysia)

Xtratherm Limited (Ireland)

3. MARKET TRENDS & DRIVERS

Focus on Making Homes Highly Energy Efficient Drives Demand in the Largest Application Area of Residential Buildings

Passive House Standards: The Future of Building Insulation

Energy Conservation Regulations and Green House Gas Emission Reduction Targets

Opportunities Galore in the Building Sector

Demand for Roof Insulation Driven by Climate Change and Increase in Global Temperatures

Positive Outlook for the Global Construction Offers Growth Opportunities

Building Renovations & Remodeling: A Key Revenue Contributor

Rising Investments in Infrastructure Projects Strengthens Market Prospects

The Critical Nature of Insulation in Safeguarding System Performance Drives Demand in Industrial Applications

Insulating Hot Pipes for Enhanced Efficiency and Safety

Maintain Desirable Temperature

Handling Temperature-Sensitive Tanks

Blankets for Equipment Insulation

Prevent Noise Pollution

Protecting Cooling Ducts from Radiant Heat

Protecting Sensitive Electronics

Safeguarding Metal Structures

Superior Attributes of High Temperature Insulation Materials Drive Adoption in Various Temperature Intensive Applications

The Energy Efficiency Attribute of HTI Drives Market Gains

End-users Switch from Synthetic RCF to Bio-based Insulation Materials

Temperature Resistant Properties of High-Temperature Insulation Wools Spur Demand

Growing Demand for High Temperature Insulation in Oil and Gas Production

Other Important Application Sectors for High Temperature Insulation

Stringent Environmental Regulations Foster Growth Opportunities

Natural Insulation Products: A Market Niche in the Making

Demand from Basic as well as High-tech Industries Drive Faster Market Growth for Fiberglass

LNG Conversion Plants and HVAC Applications Spur Strong Demand

Key Dampeners for Widespread Adoption of Fiberglass Insulation

Emergence of Eco-friendly Alternatives

Risks Associated With Fiberglass Use

Competition from Substitutes

Spray Foam Insulation (SPF): One of the Fastest Growing Foamed Plastic Segments

The United States: Largest SPF Producing Country Worldwide

European Spray Foam Market Offer Significant Potential

Spray Foam Building Insulation Market in China: In a State of Despair

Spray Foam Market in South America: Low Energy Prices Play Spoilsport

One-Component Spray Polyurethane Foams Experience Demand Growth

Growing Popularity of Advanced Insulation Materials Benefit Market Expansion

Aerogels for Multifunctional Insulation Materials

Aerogels Usage in Industrial Thermal Insulation Hindered by High Production Costs

Increasing Aircraft Deliveries and Prominence of Lightweight Insulation Materials Drive Demand in the Aerospace Sector

Robust Power Generation Activity Fuels Demand for Insulation

Insulation Coatings for Solar Power Plants

Planned Insulation during Construction Phase Crucial for Oil and Gas Plants

Rising Prominence of Low Temperature/Cold Insulation in the Food Cold Chain

Growing Prominence of Worker Safety, Healthy Indoor Environment, and Sustainability Augurs Well for Mechanical Insulation

Mechanical Insulation: Challenges and Opportunities

Efficiency in Addressing Thermal Issues, Filtration Challenges, and Noise Reduction Drive Demand in Automobiles Manufacturing

Growing Passenger Cars and Commercial Vehicles Production: Important Opportunity Indicators

Growing Passenger Cars and Commercial Vehicles Production: Important Opportunity Indicators

Spray-on Thermal Insulation Coatings Suitable for Heavy Duty Vehicles

Cellulose Offers Huge Untapped Market Potential

Usage of Recycled Raw Materials in Insulation Products Surges

Recycled Consumer Glass in Production of Glass Wool

Vacuum Thermal Insulation Gains Ground in Industrial Applications, Bodes Well for the Market

Superior Thermal Performance Spurs Demand for Vacuum Insulation Panels (VIPs)

VIPs for Enhanced Thermal Insulation

Exponential Increase in Global Urban Population: A Major Growth Driver Boosting Market Demand

Increasing Focus on Machine Condition Monitoring Fuels Replacement Demand

Innovative Bio-based Insulation Materials for the Construction Industry

Select Innovative Industrial Insulation Solutions

Reflective Insulation in Cooling Ducts Application

Acoustic Insulation Inhibits Noise Pollution at Industrial Sites

Fiberglass and Reflective Insulation for Metal Buildings

proEnergyTec Thermal Insulation Technology

The OSIRYS and VIP4ALL Projects

eShield™: A Revolutionary Home Insulation Product

LiquidArmor

HP Wall Systems from BASF

SL80/80 from NanaWall Systems

Innovative Materials Transform the Insulation Landscape

Calostat® Thermal Insulation Board

ContiTech Develops Conti® Thermo-Protect, a New Insulation Material for Complex Piping Systems

Gas-Filled Panels

Advanced Polyurethane Insulation for Appliances from Dow

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Insulation Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Insulation Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 123

Note: Product cover images may vary from those shown
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