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Market Research Report

Global Insulation Materials Market - 2019-2026

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Global Insulation Materials Market - 2019-2026
Published: June 22, 2020 Content info:
Description

Market Overview

Insulation materials are energy conservation materials which provide thermal performance for by reducing heat gain or loss in the required applications. The important use of insulation material is for energy conservation which helps to resist heat flow. There are many different Product Types of insulating materials depending upon the requirement like radiant barriers and reflective insulation systems. The most frequently used insulation materials are fiberglass, urethane foam, rock wool, cellulose, polystyrene, vermiculite, wood fiber, and slag wool. Insulation material helps to minimize heat transfer. The application of insulation materials includes in fireproofing ceilings and walls, power transformer, protective coating on electrical wire & cables as well as in manufacturing of solar panels. The global Insulation Materials market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.

Market Dynamics:

The market is driven by the rising demand for insulation materials in the energy and power sector using the renewable energy sources like solar energy around the globe. Insulation materials are used in the solar collectors to prevent loss of accumulated heat and improve absorption efficiency. According to the International Renewable Energy Agency Organization in 2018, the global solar photovoltaic energy capacity was around 480GW and is projected to reach around 2840GW by 2030. The solar PV installation is increasing from around 114 billion per year in 2018 and is projected to reach 192 billion per year by 2050. Thus such huge investment is the renewable energy and growing electricity demand all over the world will boost the insulation material market during the forecast period. According to the United Nations Industrial Development Organization (UNIDO), global insulation market is growing with compound annual growth rate (CAGR) of 8% from 2015 to 2020 and is reached to around USD 65.0 billion in 2020.

There is a rise in the launch of new environmentally-friendly functional polymer materials and polyester substrates of insulation materials around the globe may create huge opportunity for insulation materials market. For instance, on 13th Feb 2020, A revolutionary insulation material named Y-Warm was launched in The Internationale Fachmesse fur Sportartikel und Sportmode (ISPO) show at Munich. Y-Warm is a revolutionary material in thermal insulation used in clothing and other relevant fields may create huge opportunity for the insulation material market.

Segment Analysis

The global insulation materials market is segmented based on product Product Type, end user, and region.

In terms of Product Type the global Insulation Materials market is bifurcated into vacuum insulation panel (VIP), fiberglass, ceramic fiber, aerogel, and high-performance foam. Among this fiberglass segment has highest share in 2019 owing to increasing demand of for building and constructions, food and beverage industry, cooling towers, power generation, plating plants, aerospace and automotive industry. According to international organization of motor vehicle manufacturers global automobile industry has made more than 66 million cars, trucks and buses in 2005 and the number is increasing due to growing demand of the peoples.

Similarly, vacuum insulation panel (VIP), ceramic fiber, aerogel, and high-performance foam segment also increasing at fastest pace owing to surge in the adoption for renewable energy production for increasing the global energy demand in the insulation materials market.

Depending on the application, the global insulation materials are segmented into building & infrastructure, industrial, HVAC, residential and many others. Among this, residential segment has the highest market share in 2019. This growth is anticipated due rise in urbanization coupled with high disposable income around the globe.

Similarly, building & infrastructure, industrial, HVAC, segment has the highest market share owing to increase in usage of insulation materials in the original equipment manufacturing industry owing to surge in modernization and industrialization.

Geographical Presentation

By region, the global Insulation Materials market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia Pacific is dominated the global Insulation Materials market and expected to grow at the highest CAGR during the forecasted period due rising government support and rapid infrastructure development. The Asia-Pacific region is expected to have positive market growth due to the growing technological advancement and rising manufacturing facilities of solar panels especially in countries such as China, India, Indonesia, Thailand, Malaysia and the Philippines. Several companies are shifting their manufacturing facilities of Insulation Materials, etc to Asia Pacific, Middle-East, and Africa region due to the surge in population. As per the United Nations Industrial Development Organization (UNIDO), Asia Pacific region have the largest contribution of around 40% for insulation material market in 2014 due to rapid infrastructure development.

The North America region is growing at moderate pace owing to presence of advanced technology, leading technology players and growing renewable energy sources investments like solar panels, winds energy etc followed by Europe. According to the International Renewable Energy Agency Organization in 2018, solar photovoltaic panels deployment investments was nearly USD 114 billion in North America. Furthermore, rising demand of insulation materials in the residential construction activities which boost demand of the insulation manufacturing facilities drives the growth of insulation material market. As per the American Chemistry Council, in the U.S. insulation manufacturing has been supported around 150,000 jobs with generation of USD 8.2 billion in 2017.

Competitive Analysis

The global insulation materials market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Owens Corning Corp., Knauf, Nova Chemicals Corp., Atlas Roofing Corporation; Bayer AG, BASF, Certain Teed, Cellofoam, Dow Building Solutions and GAF Materials Corp are the leading market players with significant market share.

Major players are receiving launching new technology advanced insulation materials for residential and infrastructure development sector. For instance, GAF Materials Corp, has been launched new insulation material made updated roof-integrated solar Kit named DecoTech 2.0.

Companies are entering into the collaborations, acquisitions, mergers, and licensing for increasing their market investment and penetration in the manufacturing of power equipments. For instance, on 13th Feb 2020, Atlas Roofing Corporation has been acquired StarRFoam for expansion of molded polystyrene as insulation material business in Texas and Arizona.

Why Purchase the Report?

  • Visualize the composition of the global Insulation Materials market products in terms of ingredient Product Type, and application highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the global Insulation Materials market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of global Insulation Materials market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

*The global Insulation Materials market report will provide access to approximately 53 market data tables, 44 figures, and 178 pages.

Target Audience

  • Industry Investors/Investment Bankers
  • Suppliers/Buyers
  • Education & Research Institutes
  • Manufacturers
  • Research Professionals
  • Emerging Companies
  • Distributors
Table of Contents

Table of Contents

1. Global Insulation Materials Market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Insulation Materials Market - Market Definition and Overview

3. Global Insulation Materials Market - Executive Summary

  • 3.1. Market Snippet by Product Type
  • 3.2. Market Snippet by Application
  • 3.3. Market Snippet by Region

4. Global Insulation Materials Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
    • 4.1.2. Restraints
    • 4.1.3. Impact Analysis
  • 4.2. Opportunity

5. Global Insulation Materials Market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Regulatory Analysis
  • 5.4. Pricing Analysis

6. Global Insulation Materials Market - By Product Type

  • 6.1. Introduction
    • 6.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 6.1.2. Market Attractiveness Index, By Product Type
  • 6.2. Vacuum insulation panel (VIP) for the insulation materials industry
    • 6.2.1. Introduction
    • 6.2.2. Market Size Analysis, US$ Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    • 6.2.3. Fiberglass
    • 6.2.4. Ceramic fiber
    • 6.2.5. Aerogel
    • 6.2.6. High-performance foam

7. Global Insulation Materials Market - By Application

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 7.1.2. Market Attractiveness Index, By Distribution Channel
  • 7.2. Building & infrastructure
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, USD Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    • 7.2.3. Industrial
    • 7.2.4. HVAC
    • 7.2.5. Residential
    • 7.2.6. Others

8. Global Insulation Materials Market - By Region

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    • 8.1.2. Market Attractiveness Index, By Region
  • 8.2. North America
    • 8.2.1. Introduction
    • 8.2.2. Key Region-Specific Dynamics
    • 8.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 8.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 8.2.5.
    • 8.2.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 8.2.6.1. U.S.
      • 8.2.6.2. Canada
      • 8.2.6.3. Mexico
  • 8.3. Europe
    • 8.3.1. Introduction
    • 8.3.2. Key Region-Specific Dynamics
    • 8.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 8.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 8.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 8.3.5.1. Germany
      • 8.3.5.2. U.K.
      • 8.3.5.3. France
      • 8.3.5.4. Rest of Europe
  • 8.4. South America
    • 8.4.1. Introduction
    • 8.4.2. Key Region-Specific Dynamics
    • 8.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 8.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 8.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 8.4.5.1. Brazil
      • 8.4.5.2. Argentina
      • 8.4.5.3. Rest of South America
  • 8.5. Asia Pacific
    • 8.5.1. Introduction
    • 8.5.2. Key Region-Specific Dynamics
    • 8.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 8.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 8.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 8.5.5.1. China
      • 8.5.5.2. India
      • 8.5.5.3. Japan
      • 8.5.5.4. Australia
      • 8.5.5.5. Rest of Asia Pacific
  • 8.6. Middle East and Africa
    • 8.6.1. Introduction
    • 8.6.2. Key Region-Specific Dynamics
    • 8.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 8.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

9. Global Insulation Materials Market Competitive Landscape

  • 9.1. Competitive Scenario
  • 9.2. Market Positioning/Share Analysis
  • 9.3. Mergers and Acquisitions Analysis

10. Global Insulation Materials Market Company Profiles

  • 10.1. Owens Corning Corp.
    • 10.1.1. Company Overview
    • 10.1.2. Form Portfolio and Description
    • 10.1.3. Key Highlights
    • 10.1.4. Financial Overview
  • 10.2. Knauf
  • 10.3. Nova Chemicals Corp.
  • 10.4. Atlas Roofing Corporation
  • 10.5. BASF
  • 10.6. Certain Teed
  • 10.7. Cellofoam
  • 10.8. Dow Building Solutions
  • 10.9. GAF Materials Corp
  • List is not exhaustive

11. Global Insulation Materials Market - Premium Insights

12. Global Insulation Materials Market - DataM

  • 12.1. Appendix
  • 12.2. About Us and Services
  • 12.3. Contact Us
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