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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.
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.
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Insulation Market Analysis
8.1 Key Industry Highlights
8.2 Global Insulation Historical Market (2018-2023)
8.3 Global Insulation Market Forecast (2024-2032)
8.4 Global Insulation Market by Product
8.4.1 Glass Wool
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Mineral Wool
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 EPS
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 XPS
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 CMS Fibres
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Calcium Silicate
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Aerogel
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Cellulose
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 PIR (Polysio)
8.4.9.1 Historical Trend (2018-2023)
8.4.9.2 Forecast Trend (2024-2032)
8.4.10 Phenolic Foam
8.4.10.1 Historical Trend (2018-2023)
8.4.10.2 Forecast Trend (2024-2032)
8.4.11 Polyurethane
8.4.11.1 Historical Trend (2018-2023)
8.4.11.2 Forecast Trend (2024-2032)
8.5 Global Insulation Market by Application
8.5.1 Infrastructure
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Type
8.5.1.3.1 Residential Construction
8.5.1.3.2 Non-Residential and Commercial Constructions
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 HVAC and OEM
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Transportation
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.4.3 Breakup by Type
8.5.4.3.1 Automotive
8.5.4.3.2 Marine
8.5.4.3.3 Aerospace
8.5.5 Appliances
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Furniture
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Packaging
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.6 Global Insulation Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Insulation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Insulation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Insulation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Insulation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Insulation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 GAF
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Huntsman International LLC
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Johns Manville
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Cellofoam North America Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 ROCKWOOL International A/S
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 DuPont de Nemours, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Owens Corning
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Insulation Market: Key Industry Highlights, 2018 and 2032
2. Global Insulation Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Insulation Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Insulation Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Insulation Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Insulation Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Insulation Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Insulation Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Insulation Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Insulation Market Structure
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.
The global insulation market attained a value of nearly USD 62.91 billion in 2023, driven by the rising demand for consumers for energy conservation. Aided by rising industrialisation and rising oil output from India and China, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 4.3%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market, on the basis of product, is divided into glass wool, mineral wool, EPS, XPS, CMS fibres, calcium silicate, aerogel, cellulose, PIR (polysio), phenolic foam, and polyurethane. On the basis of application, the market is categorised into infrastructure, industrial, HVAC and OEM, transportation, appliances, furniture, and packaging. The major regional markets for insulation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are GAF, Huntsman International LLC, Johns Manville, Cellofoam North America Inc., ROCKWOOL International A/S, DuPont de Nemours, Inc., and Owens Corning, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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