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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Insulation Market Outlook
The global insulation market attained a value of USD 62.91 billion in 2023. The insulation market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.3% to reach USD 91.81 billion by 2032.
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The Asia Pacific is the largest regional insulation market, driven by the rising industrialisation, urbanisation, and infrastructural sector in countries like India, China, Malaysia, Indonesia, and the Philippines. The insulation market in the Asia Pacific is also projected to be supported by the rising oil output from India and China. The rising demand for refurbishing and renovation materials is also boosting the growth of the Asia Pacific insulation market. The Asia Pacific is followed by Europe as the second-largest insulation market. The industry in Europe is aided by the presence of major producers in the region.
Global Insulation Market: Properties and Applications
Insulation are materials used to insulate infrastructures like homes, industries, and commercial structures. Based on product types, the insulation market can be divided into:
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- Glass Wool
- Mineral Wool
- EPS
- XPS
- CMS Fibres
- Calcium Silicate
- Aerogel
- Cellulose
- PIR (Polysio)
- Phenolic Foam
- Polyurethane
The insulation market can be broadly categorised based on its applications segments into:
- Infrastructure
- Residential Construction
- Non-residential and Commercial Constructions
- Industrial
- HVAC and OEM
- Transportation
- Automotive
- Marine
- Aerospace
- Appliances
- Furniture
- Packaging
The EMR report looks into the regional insulation markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Global Insulation Market Analysis
The insulation market is being aided by the rising demand for consumers for energy conservation. The growing demand for residential and industrial insulation is projected to support the growth of the industry further. With the increasing demand from residential and industrial sectors, the infrastructure sector is expected to dominate the application segment of the industry. EPA is projected to be the largest product type in the insulation market. The EPA segment is expected to be driven by the product’s favourable properties like its lightweight and high-tensile strength.
Global Insulation Market: Competitive Landscape
The report presents a detailed analysis of the following key players in the global insulation market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- GAF
- Huntsman International LLC
- Johns Manville
- Cellofoam North America, Inc.
- ROCKWOOL International A/S
- DuPont de Nemours, Inc.
- Owens Corning
- Others
The EMR report gives an in-depth insight into the insulation market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Insulation Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global insulation market attained a value of nearly USD 62.91 billion.
The market is projected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is projected to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 91.81 billion by 2032.
The market is being driven by the favourable properties of insulation materials like lightweight and high-tensile strength, rising industrialisation and urbanisation, rising oil output from India and China, and rising demand for refurbishing and renovation materials.
The rising demand for consumers for energy conservation and the growing demand for residential and industrial insulation are the key trends propelling the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Glass wool, mineral wool, EPS, XPS, CMS fibres, calcium silicate, aerogel, cellulose, PIR (polysio), phenolic foam, and polyurethane, are the major products in the market.
The significant applications of insulation are infrastructure, industrial, HVAC and OEM, transportation, appliances, furniture, and packaging.
The major players in the market are GAF, Huntsman International LLC, Johns Manville, Cellofoam North America Inc., ROCKWOOL International A/S, DuPont de Nemours, Inc., and Owens Corning, among others.
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