Global Insulation Materials Market: Snapshot

Insulation is a material designed to prevent heat or sound from being transmitted from one area to another. It is usually used to keep heat and sound in or out of a house, or to confine it to certain parts of the house. Insulation commonly incorporates materials that consist of millions of tiny pockets of air, which is a good insulator. Insulation materials are defined as those materials or combinations of materials that retard the flow of heat energy by performing one or more of the following functions: conserving energy by reducing heat loss or gain; controlling surface temperatures for personnel protection and comfort; preventing vapor flow and water condensation on cold surfaces; increasing operating efficiency of heating/ventilating/cooling, plumbing, steam process, and power systems in commercial and industrial installations; and reducing emissions of pollutants in the atmosphere.

Increase in usage of fiberglass in construction and automobile industries is estimated to propel the insulation materials market. Consists of fine glass fibers, fiberglass is one of the ubiquitous insulation materials that is commonly used in two different types of insulation: blanket (batts and rolls) and loose-fill.

According to the report by TMR, the global market for insulation materials was valued at US$ 65 Mn in 2017 and is anticipated to expand at a CAGR of more than 8% from 2018 to 2026.

insulation materials market

Rise in Demand for Semiconductors and Microelectronics to be Beneficial for Growth

On the basis of type, the insulation materials market can be classified into mineral wool, polyurethane foam, polyethylene, polyisocyanurate, polystyrene, fiberglass, cellulose, and others. The polystyrene material segment has been further bifurcated into expanded polystyrene and extruded polystyrene. Based on end-user, the building & construction segment held the major share of the market in 2017. In terms of type, the market has been divided into blanket insulation, concrete block insulation, foam board, insulating concrete form, loose-fill insulation, radiant barriers, rigid fiber board insulation, spray foam insulation, structural insulated panels, and others.

Ease in Availability of Raw Materials in the East Asia to Bolster its Growth

On the basis of region, the global electronic grade hydrofluoric acid market is segmented into North America, Europe, Asia Pacific, Latin America, and Rest of the World. Of these, North America and Europe hold prominent share of the global insulation materials market. The market in Asia Pacific is estimated to expand at a rapid pace due to the significant increase in building & construction activities in developing economies such as China and India. The market in Middle East & Africa and Latin American is likely to expand at a sluggish pace during the forecast period.

Key players operating in the insulation materials market include BASF SE, Covestro AG, DowDuPont, Huntsman International LLC, and Kingspan Group PLC. Major players are expanding their network and market share through mergers and acquisitions. Launch of new products and facilities is likely to propel the insulation materials market. In November 2017, Owens Corning introduced three types of commercial and residential insulation products. These products in in line with the requirements of SCS Global Services’ certification protocol that validates the use of renewable energy.

Insulation Materials Market - Overview

This report analyzes and forecasts the market for insulation materials at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (kilo tons) from 2018 to 2026. The study includes drivers and restraints of the global insulation materials market. It also covers the impact of these drivers and restraints on the demand for insulation materials during the forecast period. The report also highlights opportunities in the insulation materials market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global insulation materials market. The Porter’s Five Forces model for the insulation materials market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global insulation materials market by segmenting it in terms of material, type, and application. The segments have been analyzed based on present and future trends. Regional segmentation includes the current and projected demand for insulation materials in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for individual type, material, and application segments in all the regions. Key players operating in the insulation materials market include BASF SE, Covestro AG, DowDuPont, Huntsman International LLC, Kingspan Group PLC, Owens Corning, Rockwool International A/S, Saint-Gobain S.A., Johns Manville, Asahi Kasei Corporation, Evonik Industries AG, GAF Materials Corporation, Atlas Roofing Corporation, and Bridgestone. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The report provides the estimated size of the insulation materials market for 2017 and forecast for the next nine years. The size of the global insulation materials market has been provided in terms of revenue and volume. Market numbers have been estimated based on material, type, and application of insulation materials. Market size and forecast for each major material, type, and application segment have been provided in terms of the global market.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players operating in various end-use industries, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Global Insulation Materials Market, by Material

  • Mineral Wool
  • Polyurethane Foam
  • Polyethylene
  • Polyisocyanurate
  • Polystyrene
    • XPS
    • EPS
  • Fiberglass
  • Cellulose
  • Others

Global Insulation Materials Market, by Type

  • Blanket Insulation
  • Concrete Block Insulation
  • Foam Board
  • Insulating Concrete Form
  • Loose-fill Insulation
  • Radiant Barriers
  • Rigid Fiber Board Insulation
  • Spray Foam Insulation
  • Structural Insulated Panels
  • Others

Global Insulation Materials Market, by Application

  • Automotive
  • Aerospace
  • Marine
  • Electronics Appliances
  • Building & Construction
  • Clothing
  • Oil & Gas
  • Furniture
  • Packaging
  • Others

Global Insulation Materials Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Takeaways

  • An extensive analysis of the insulation materials market trends and shares from 2017 to 2026 to identify market opportunities and analyze industry developments
  • A list of key developments in the insulation materials market made by key players
  • A list of key factors responsible for building the upcoming opportunistic roadmap for the insulation materials market at a global level
  • Comprehensive analysis with respect to investments and price trends that impact the outlook of the global insulation materials market between 2017 and 2026
  • The report provides insights into market opportunities for various stakeholders in the value chain and a detailed competition landscape for key players dominating the industry to understand the level of competition
  • Porters’ Five Forces highlight the potency of buyers and suppliers and enable stakeholders to make profit-oriented business decisions. They analyze the strengths and weaknesses of competitors in order to enable market players to gain strategic position in the market.
.