Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 57.95 Billion |
| USD 97.36 Billion | |
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Global Insulation Market, By Product (Expanded polystyrene, Glass wool, Mineral wool, Cellulose, Calcium silicate, others), Function (Thermal, Acoustic, Electric, Others), Form (Blanket, Foam, Board, Pipe), Application (Residential Construction, Industrial, HVAC & OEM, Non-residential Construction) – Industry Trends and Forecast to 2029.
Insulation is a lightweight material used in various end-user industries, mainly in construction and textile. Insulation is widely used in the construction and building industries. The industry growth is primarily driven by the growing investments in energy-efficient infrastructure all over the globe. The fast-paced urbanization and industrial growth across developing and developed economies have encouraged administrative authorities and governments to make noticeable investments in infrastructure development.
Data Bridge Market Research analyses that the insulation market is expected to undergo a CAGR of 6.70% during the forecast period. This indicates that the market value, which was USD 57.95 billion in 2021, would rocket up to USD 97.36 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Expanded polystyrene, Glass wool, Mineral wool, Cellulose, Calcium silicate, Others), Function (Thermal, Acoustic, Electric, Others), Form (Blanket, Foam, Board, Pipe), Application (Residential Construction, Industrial, HVAC & OEM, Non-residential Construction)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (Germany), Dow (U.S.), Owens Corning (U.S.), Huntsman International LLC (U.S.), W. L. Gore & Associates, Inc, (U.S.), Polartec, LLC (U.S.), PrimaLoft, Inc. (U.S.)., Remmers India Pvt Ltd (India), UdiDÄMMSYSTEME GmbH (Germany), Invista (U.S.), HDWool Ltd (U.S.), 3M (U.S.), Freudenberg Group (Germany), Viridian Energy Solutions (U.K.), Armacell (Luxembourg), Atlas Roofing Corporation (U.S.), Beijing New Building Material (Group) Co., Ltd. (Japan), ROCKWOOL A/S (Denmark)
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Market Opportunities
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Market Definition
Insulation consists of several materials, such as fiberglass or mineral wool. These materials are mainly used for insulating air ducts in homes. Insulation is also used when there's a requirement for insulation that can withstand at high temperatures. These products come in a wide range of thicknesses.
Drivers
Development in the construction industry has boosted the demand for insulation products in last few years. This trend is also anticipated to continue during the forecast period because of the rising demand of green buildings and growing energy conservation regulations overall the globe. Insulation aids in decreasing the cost of entire infrastructure by reducing the energy consumption in buildings. The rising demand for insulation is expected to drive the market's growth rate.
Increasing demand for insulation in both residential and non-residential applications on account of increasing energy costs and rising importance for energy conservation is anticipated to increase the demand for thermal insulation materials and drive the growth rate of the insulation market.
Insulation materials are progressively being used in automobiles to enhance sound absorptions and reduce noise, and vibrations. They also help in the manufacturing of many automotive parts such as roll pans, wiper cowls, and bumpers. The automotive sector's growth and expansion boosts the demand for the insulating material, which is anticipated to drive the market growth rate.
Furthermore, the rising demand for insulation due to its excellent property, and increasing usages in construction and other industries from emerging economies are some of the major factors which are expected to accelerate insulation market during forecast period
Opportunities
The increasing demand for plastic foam is expected to create lucrative opportunities for market growth. The growing popularity of plastic wool insulation can be recognised due to its inexpensiveness, superior thermal resistance and relatively low vulnerability to moths and insects compared to naturally derived insulation materials for instance, sheep wool insulation. Moreover, the increasing concerns regarding environmental sustainability and rapid growth in the use of recycled materials may positively affect the demand of the plastic wool insulation in upcoming years.
Restraints/Challenges
Volatility in raw material prices, the emergence of green products, and the building material conformity are some major factors that will hamper the growth of the global insulation market during the forecast period.
This insulation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the insulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
The outbreak of the COVID-19 pandemic has declined the growth of the insulation market globally. Insulation materials have experienced a decrease in demand, mainly during the initial stages of the epidemic, when major infrastructure and construction projects were temporarily closed and fitness and gyms centres were shut down. However, with steady ease of containment measures, the construction activities have picked up pace in several regions. Due to all these factors, the demand of the product has remained fairly steady and is likely to increase in the upcoming period.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
The insulation market is segmented on the basis of product, function, form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Function
Form
Application
The insulation market is analysed and market size insights and trends are provided by country, product, function, form and application as referenced above.
The countries covered in the insulation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the insulation market in terms of market share. This is due to the increasing demand for insulation products in non-residential and residential construction, growing population and rapid industrialization in this region.
Europe will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to major insulation product manufacturers and the rapid industrialization in these regions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to insulation market.
Some of the major players operating in the insulation market are:
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Insulation Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Insulation Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.