Market Overview:
The global thermal insulation market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for energy-efficient buildings and rising awareness about the benefits of thermal insulation. The global thermal insulation market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into granular material, cellular material, and fibrous material. The granular material segment is expected to hold a major share in the global thermal insulation market during the forecast period. This can be attributed to its high heat resistance and low cost as compared to other types of materials used for thermal insulation purposes. On the basis of application, building & construction held a major share in 2017 owing to an increase in construction activities across different regions worldwide.
Product Definition:
Thermal insulation is a material that is used to prevent or reduce the transfer of heat. Thermal insulation is important because it helps to keep buildings and other structures warm in the winter and cool in the summer.
Granular Material:
Granular material is a type of insulation that is used in the building and construction industry. It has high thermal efficiency, which makes it an ideal choice for use in heat retention applications. Granular materials are also used as cushioning agents in soundproofing applications, owing to their excellent acoustical properties.
The global granular material market size was valued at USD 1.10 billion in 2016.
Cellular Material:
Cellular material is a part of composite materials and are made up of fibers, chips or granules. Cellular materials have the ability to absorb heat from surroundings and thus can be used in various applications including thermal insulation. The global market for cellular material is expected to witness significant growth over the forecast period owing to its increasing demand in building & construction industry for thermal insulation application. In addition, growing demand from transportation industry also supports the growth of global market for cellular material over the forecast period.
Application Insights:
Building and construction was the largest application segment in 2016, accounting for over 50.0% of the global market revenue. The growth can be attributed to increasing demand for residential and commercial structures across the globe. Cellular materials are increasingly being used in building insulation owing to their ability to resist heat transfer through conduction and convection radiation, thereby reducing energy expenditure on heating or cooling a structure.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising investments in infrastructure development, rapid industrialization, and expansion of oil & gas industry across emerging economies such as China, India, Indonesia among others.
Increasing demand for green buildings coupled with stringent regulations by regulatory bodies such as International Energy Agency (IEA) and European Commission is projected to drive the Europe regional market over the forecast period. In addition, growing construction activities owing to low mortgage rates are anticipated to fuel product demand during the forecast period.
Rapidly expanding aerospace industry along with increasing defense spending by countries including Russia & Saudi Arabia is expected favorably impact overall global thermal insulation market growth over coming years.
Growth Factors:
- Increasing demand from the construction sector for thermal insulation in order to reduce energy consumption and greenhouse gas emissions.
- Stringent government regulations mandating the use of thermal insulation in buildings and other applications.
- Rising awareness about the benefits of thermal insulation among consumers, builders, and architects.
- Technological advancements that have led to the development of more efficient and effective thermal insulation products.
- Growing demand for retrofitting existing buildings with thermal insulation to improve their energy efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Insulation Market Research Report
By Type
Granular Material, Cellular Material, Fibrous Material
By Application
Building & Construction, Mechanical Systems, Oil & Gas, Aerospace & Aviation, Automotive, Other
By Companies
Armacell, BASF SE, Asahe Kasei Corporation, Johns Manville, Covestro AG, The Dow Chemicals Company, DuPont, Isolatek International, Kingspan Group Plc, Owens Corning, Saint-Gobain S.A., URSA Insulation S.A, Thermax Jackets LLC, ROCKWOOL Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Insulation Market Report Segments:
The global Thermal Insulation market is segmented on the basis of:
Types
Granular Material, Cellular Material, Fibrous Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building & Construction, Mechanical Systems, Oil & Gas, Aerospace & Aviation, Automotive, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Armacell
- BASF SE
- Asahe Kasei Corporation
- Johns Manville
- Covestro AG
- The Dow Chemicals Company
- DuPont
- Isolatek International
- Kingspan Group Plc
- Owens Corning
- Saint-Gobain S.A.
- URSA Insulation S.A
- Thermax Jackets LLC
- ROCKWOOL Group
Highlights of The Thermal Insulation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Granular Material
- Cellular Material
- Fibrous Material
- By Application:
- Building & Construction
- Mechanical Systems
- Oil & Gas
- Aerospace & Aviation
- Automotive
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermal Insulation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermal insulation is a material that helps to keep your home or office warm in the winter and cool in the summer. It does this by trapping air and preventing it from passing through the material.
Some of the key players operating in the thermal insulation market are Armacell, BASF SE, Asahe Kasei Corporation, Johns Manville, Covestro AG, The Dow Chemicals Company, DuPont, Isolatek International, Kingspan Group Plc, Owens Corning, Saint-Gobain S.A., URSA Insulation S.A, Thermax Jackets LLC, ROCKWOOL Group.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermal Insulation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermal Insulation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermal Insulation Market - Supply Chain
4.5. Global Thermal Insulation Market Forecast
4.5.1. Thermal Insulation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermal Insulation Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermal Insulation Market Absolute $ Opportunity
5. Global Thermal Insulation Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermal Insulation Market Size and Volume Forecast by Type
5.3.1. Granular Material
5.3.2. Cellular Material
5.3.3. Fibrous Material
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermal Insulation Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermal Insulation Market Size and Volume Forecast by Application
6.3.1. Building & Construction
6.3.2. Mechanical Systems
6.3.3. Oil & Gas
6.3.4. Aerospace & Aviation
6.3.5. Automotive
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermal Insulation Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermal Insulation Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermal Insulation Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermal Insulation Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermal Insulation Demand Share Forecast, 2019-2026
9. North America Thermal Insulation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermal Insulation Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermal Insulation Market Size and Volume Forecast by Application
9.4.1. Building & Construction
9.4.2. Mechanical Systems
9.4.3. Oil & Gas
9.4.4. Aerospace & Aviation
9.4.5. Automotive
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermal Insulation Market Size and Volume Forecast by Type
9.7.1. Granular Material
9.7.2. Cellular Material
9.7.3. Fibrous Material
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermal Insulation Demand Share Forecast, 2019-2026
10. Latin America Thermal Insulation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermal Insulation Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermal Insulation Market Size and Volume Forecast by Application
10.4.1. Building & Construction
10.4.2. Mechanical Systems
10.4.3. Oil & Gas
10.4.4. Aerospace & Aviation
10.4.5. Automotive
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermal Insulation Market Size and Volume Forecast by Type
10.7.1. Granular Material
10.7.2. Cellular Material
10.7.3. Fibrous Material
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermal Insulation Demand Share Forecast, 2019-2026
11. Europe Thermal Insulation Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermal Insulation Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermal Insulation Market Size and Volume Forecast by Application
11.4.1. Building & Construction
11.4.2. Mechanical Systems
11.4.3. Oil & Gas
11.4.4. Aerospace & Aviation
11.4.5. Automotive
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermal Insulation Market Size and Volume Forecast by Type
11.7.1. Granular Material
11.7.2. Cellular Material
11.7.3. Fibrous Material
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermal Insulation Demand Share, 2019-2026
12. Asia Pacific Thermal Insulation Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermal Insulation Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermal Insulation Market Size and Volume Forecast by Application
12.4.1. Building & Construction
12.4.2. Mechanical Systems
12.4.3. Oil & Gas
12.4.4. Aerospace & Aviation
12.4.5. Automotive
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermal Insulation Market Size and Volume Forecast by Type
12.7.1. Granular Material
12.7.2. Cellular Material
12.7.3. Fibrous Material
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermal Insulation Demand Share, 2019-2026
13. Middle East & Africa Thermal Insulation Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermal Insulation Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermal Insulation Market Size and Volume Forecast by Application
13.4.1. Building & Construction
13.4.2. Mechanical Systems
13.4.3. Oil & Gas
13.4.4. Aerospace & Aviation
13.4.5. Automotive
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermal Insulation Market Size and Volume Forecast by Type
13.7.1. Granular Material
13.7.2. Cellular Material
13.7.3. Fibrous Material
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermal Insulation Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermal Insulation Market: Market Share Analysis
14.2. Thermal Insulation Distributors and Customers
14.3. Thermal Insulation Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Armacell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF SE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Asahe Kasei Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Johns Manville
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Covestro AG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. The Dow Chemicals Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DuPont
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Isolatek International
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kingspan Group Plc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Owens Corning
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Saint-Gobain S.A.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. URSA Insulation S.A
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Thermax Jackets LLC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ROCKWOOL Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
