OEM Insulation Market Size, Size, Demand, Growth & Trends by 2033
The OEM insulation market is expected to thrive at an average CAGR of 4.2% during the forecast period. The market is anticipated to cross a market share of US$ 24.5 Bn by 2033, while it holds a revenue of US$ 16.2 Bn in 2023.
– The trust factor between the end user and
manufacturer works in favor of the OEM insulation market, as the original
automotive equipment and services are preferred over the aftermarket.
– Rising industrialization, along with new advanced
businesses such as automotive modification and accessories, are fueling the
adoption of industrial insulation.
– Rapid urbanization and advanced residential settings
have created and boomed tye house insulation and other markets as end users
move the more sophisticated setting. Furthermore, the proliferating music
industry and home studio setups are propelling the demand for acoustic
insulation.
– Heating, ventilation, and air conditioning (HVAC)
insulation systems have transformed the OEM insulation industry as it reduces
the energy loss for central heating system, piping, and ventilation.
– The use of OEM insulation for fire safety through
acoustic and thermal comfort insulation is setting up new trends for the
market, fueling the sales of OEM insulation systems.
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Key Points
- The
biggest market for OEM insulation is the US, which thrives on a CAGR of
3.6% and is expected to hold a value of US$ 5.3 Bn by 2033.
- The
Indian market is the fastest-growing OEM insulation market which
flourishes at a CAGR of 6.1% between 2023 and 2033. The market is set to
reach a revenue value of US$ 1.3 bn by 2033.
- OEM
insulation market outlook states that foamed plastics segment leads the
material type category with a CAGR of 4.1% between 2023 and 2033. The
increase is a result of widespread use and simple integration. Based on
insulation type, the blanket segment thrives at a CAGR of 4.2% between
2023 and 2033, attributing to the higher installation of OEM insulation in
the automotive industry.
Competitive Landscape
Major key players are investing in new insulation
technologies such as acoustic and thermal layers. Furthermore, the companies
experiment with the changing design and advanced urban settings. The advanced
setting involves eco-friendly and sustainable features, manufacturing according
to the major trends. Key players in the OEM insulation market are: BASF,
Evonik, Paroc Group Oy, SAINT-GOBAIN, Armacell International S.A, Johns
Manville Corporation, Henry Company, Styrotech, Inc., NCFI Polyurethanes,
Morgan Advanced Materials, Scott Industries LLC, and Anco Products Inc.
For instance:
- Owens
Corning introduced a new technology that would aid in the creation of
modern buildings that are more reliable, sustainable, and energy
efficient. The model will be working on effective HVAC insulation.
- Evonik
has its extended company named Dabco that provides a long range of
portfolio of different amine catalysts for insulation. Furthermore,
polecat, ortegol, kosmos etc.
Key Segments
OEM Insulation Market by Material:
- Glass
Wool
- Mineral
Wool
- Foamed
Plastics
- Others
OEM Insulation Market by Insulation Type:
- Blankets
- Rolls
& Batts
- Loose
Fill & Others
OEM Insulation Market by End Use:
- Aerospace
- Automotive
- Marine
- HVAC
Equipment
- Building
& Construction
- Consumer
Appliances
- Other
Industrial
By Region:
- North
America
- Latin
America
- Europe
- Asia
Pacific (APAC)
- Middle
East & Africa (MEA)
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
4. Global Market Analysis 2017-2022 and
Forecast, 2023-2033
5. Global Market Analysis 2017-2022 and
Forecast 2023-2033, By Material
6. Global Market Analysis 2017-2022 and
Forecast 2023-2033, By Insulation Type
7. Global Market Analysis 2017-2022 and
Forecast 2023-2033, By End Use
8. Global Market Analysis 2017-2022 and
Forecast 2023-2033, By Region
to be continued…!
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