OEM Insulation Market Size, Share, and Trends 2024 to 2034

OEM Insulation Market Size and Growth 2023 to 2032

The global OEM insulation market size was valued at USD 32 billion in 2022 and is expected to reach around USD 53.89 billion by 2032 and expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2032.

Key Takeaways

• By end use, the building & construction segment held a revenue share of around 36% over the forecast period.
• By material type, the mineral wool segment has had the highest market share 38% in 2022.
• Asia Pacific is expected to grow at a CAGR of 6.4% between 2023 to 2032.
• Asia Pacific region accounted for the highest revenue share 38.5% in 2022

The demand for the OEM insulation has grown in the recent years as there has been a great demand in transportation sector and the demand for the OEM installation has also increased for the different end user industries. As the investments from the government have increased in the recent years the demand for these services will also continue to grow during the forecast period.

The awareness regarding the availability of different types of materials which could be used for insulation and the benefits are associated with the use of these materials will drive the market growth in the coming years. outbreak of the COVID-19 pandemic has affected about 100 countries across the world. That disrupted supply chains and constant lockdowns across these countries had affected the growth of most of the economies. The demand for the OEM insulation had reduced in the industrial sector. but now the market has strongly bounced back and it will continue to grow well in the coming years.

Growth Factors

When it comes to the construction industry and the building industry the awareness about the OEM insulation has increased in the recent years. As the demand for the energy efficient infrastructure has grown in the recent years the constructing of such buildings has also increased. Due to which there has been a great increase in the demand for insulation services. In the coming years the construction and building industry is expected to have the largest market share as compared to any other industries. As the demand for the goods that are energy efficient and the equipment that is energy efficient has increased the demand for OEM insulation is expected to grow in the coming years.

The growing demand for acoustic insulation is also expected to help in the growth of the market in the coming years. As the need for air conditioning, ventilation and hooping devices have increased for the construction sector there shall be a growth in the need for the OEM insulation in the coming years. as the air conditioners are used in different types of transport vehicles used for the public and personal use and an increase in the number of such vehicles will help in the growth of the market during the forecast period. was provided to the batteries, it helps in protecting from fire and insulation is used for the data recorders. insulation plays an important role in the fire proofing of the interior parts of the vehicle. It helps in ensuring safety. The use of different types of materials for insulation plays an extremely important role in increasing the lifespan of the vehicles.

• Growing demand for energy efficient constructions will help in the growth of the market
• Increased use of advanced technologies for heating ventilation and air conditioning will drive the market growth in the coming years
• adoption of air conditioners in the public transport will help in the growth of the market in the coming years
• Increasing demand for cold storage will increase the consumption of insulation materials

OEM Insulation Market Scope

OEM Insulation Market Dynamics

Key Market Drivers

Increase in the need for the Insulation services and new techniques- As the number of applications for the industry having creased which is specifically due to the growth in the industrialization as well as urbanization there has also be an introduction of new techniques that will provide better opportunities for the growth of the market in the coming years

Concern about reducing the carbon emission- In the recent years the concerns about saving energy have increased due to which the organizations auto focusing on providing better an innovative technique that will help in the growth of the market in the coming years. Growing concern about environment is one of the factors that will help in the growth of the market in the coming years. The demand for the energy efficient devices has grown which are used in many sectors. As the awareness about the availability of such devices has grown the demand for insulation will continue to grow in the coming years.

Rapid urbanization and industrialization- In most of the developing nations industrialization has played an important role in the growth of the market. The growing demand for air conditioning, heating and ventilation will help in creating demand for the insulation services. The demand for insulation has increased at different types of construction sites.

Key Market Challenges

• Fluctuation in the cost of the raw materials- currently in the market one of the factors that will hamper the growth of the market is the fluctuating crisis of the different types of raw materials that are used in the manufacturing of the products. 
• CFCs contained in the insulation materials- the presence of the chlorofluorocarbons in the materials which are used for insulation is an extremely hazardous component. Some of the the most commonly used materials for insulation are polystyrene and polyurethane which contain chlorofluorocarbons when they are demolished.

What are the key market opportunities in the OEM insulation market?

• The availability of technical insulation- the use of the technical insulation like the FEF as increased in the recent years as it helps in saving energy. in order to retain the feet in the buildings the demand for structural insulation has increased in the recent years. The different types of materials which are used for the purpose of insulation are PE, NBR and EPDM. these types of materials are expected to provide great opportunities for the growth of the OEM insulation market in the coming years. Most of the traditional materials that were used previously are harmful to the environment and the use of these eco-friendly materials will provide a sustainable option and its adoption will also increase during the forecast period.

Material Insights

On the basis of the type of material the formed plastics segment is expected to have the largest market share in the coming years. The segment has dominated the market in the past with the maximum share in terms of revenue and it will continue to grow well in the coming years. As the applicability of foam plastics is large as compared to the other types of materials available in the market the segment is expected to grow well during the forecast period. Formed plastics possess mechanical properties or exceptional qualities that are not provided by the use of other materials and hence the market will grow well for this segment. Different types of foamed plastics like polyurethane foam, expanded polystyrene and extruded polystyrene are used on a large scale.

End User Insights

On the basis of the end user, the automotive industry is expected to have the largest market share in the coming years. The requirements for insulation in the car and the hood will play an important role in the growth of the market in the coming years. when it comes to the automotive sector there has been an increased concern about the safety of the passengers and there's a growing need for comfort in different types of vehicles.

Insulation is expected to play an instrumental role in providing safety as well as comfort to the users and due to which the market is expected to grow well in the coming year. The manufacturers of different types of vehicles are investing huge amounts in providing better features that ensure the safety and the comfort of the passengers constant efforts for upgrading all of these features will help in the growth of the automotive market in the coming years and the demand for OEM insulation is also expected to grow during the forecast period. 

OEM Insulation Market Share, By Region, 2022 (%)

Geography Insights

Why Asia Pacific held highest market share OEM insulation market?

• As the production of oil has grown in the Asia Pacific region especially in China the demand for the insulation materials has grown in this region in order to conserve energy. Insulation is used for renovation in order to save the energy wastage. As well as being a growth in the industrialization in various nations across the Asia Pacific region there are a large number of construction sites in progress that have created demand for insulation in the recent years. Maximum consumption of the OEM installation is in China.
• Growing concern about fire safety is expected to play an instrumental role in the growth of the OEM insulation market in the coming years. As insulation is resistant to fire its popularity is expected to increase in China and the market is expected to grow well during the forecast.
• The Asia Pacific region is expected to dominate the market in the coming years. As the demand for insulation in the industrial sector has grown to a great extent the OEM insulation market will continue to grow in the coming years. The investments from the public and the private organizations have grown for the petrochemicals, food and beverages, oil and gas, energy industries, The market is expected to grow well in the coming year. In order to increase the production of the industries the government of various nations are also focusing on making investments into these industries.

Why North America region is growing faster in the OEM insulation market?

• In the North American region, the OEM insulation market is also expected to grow well during the forecast period. As well as been an increase in the awareness regarding the benefits associated with the use of OEM insulation the market is expected to grow well especially in the United States.
• A large amount of revenue will be generated for the industry due to growth in the number of industries, SEZ development, savings on tax and subsidies provided and all of these factors will play an important role in the growth of the market in the North American region during the forecast period.

Recent Developments

• Vliepa was acquired by Owens Corning in the year 2021 in order to provide the different types of building materials to the construction industry of European region.
• According to an announcement made by Owens Corning in the year 2019 it plans to introduce new technologies which will be helpful in the construction of buildings that would be energy efficient sustainable and reliable.

OEM Insulation Market Companies

• ACH Foam Technologies LLC
• Anco Products Inc.
• Big Sky Insulations
• Demilec Inc.
• E.I. du Pont de Nemours and Company
• Johns Manville Corporation
• Knauf Insulation 
• Armacell International S.A.
• Aspen Aerogels Inc.
• Autex Industries Ltd.
• Morgan Advanced Materials
• Owens Corning Corp.
• Paroc
• Rockwool International A/S
• Saint-Gobain S.A.
• Scott Industries LLC
• Superglass Insulation Ltd.
• The 3M Company
• Triumph Group In

Segments covered in the report

By Material

• Glass Wool
• Foamed Plastics
• Mineral Wool
  • Fiberglass
  • Stone Wool
• Others
  • Extruded Polystyrene Insulation (XPS)
  • Expanded Polystyrene Insulation (EPS)
  • Aerogel
  • Others

By Insulation Type

• Blankets
• Rolls & Batts
• Loose Fill & Other

By End User

• Automotive
• Marine
• Aerospace
• Building and construction
• Consumer appliances
• HVAC Equipment
• Others

By Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Philippines
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)