断熱製品市場 : 2029年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2024年5月

Insulation Products Market – Global Forecast To 2029

断熱製品市場 : 断熱タイプ (断熱、吸音)、材料タイプ (ミネラルウール、ポリウレタンフォーム、軟質エラストマーフォーム)、最終用途 (建築&建設、産業、輸送、消費者) – 2029年までの世界予測
Insulation Products Market by Insulation Type (Thermal, Acoustic), Material Type (Mineral Wool, Polyurethane Foam, Flexible Elastomeric Foam), End-use (Building & Construction, Industrial, Transportation, Consumer) – Global Forecast to 2029

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Report Overview

The global insulation products market will rise from USD 65.9 billion in 2024 to USD 84.2 billion by 2029 at a CAGR of 5.0% from 2024 to 2029.

世界の断熱製品市場は、2024年から2029年まで5.0%のCAGRで、2024年の659億ドルから2029年までに842億ドルに増加すると予想されています。

Rapid urbanization and increasing construction activity in both residential and commercial sectors, especially in emerging economies, drive the demand for insulation products. Additionally, governments worldwide are imposing stricter regulations on energy efficiency in buildings. This has led to an increased demand for insulation products that can help reduce energy consumption for heating and cooling. As a result, there’s a growing market for advanced insulation materials that offer better thermal performance.

断熱製品市場 : 2029年までの世界予測

“The mineral wool segment is projected to hold maximum share during the forecast period.”
The mineral wool segment is anticipated to hold maximum share due to continuous demand from construction sector. With increasing concerns about fire safety regulations and the need for energy-efficient building solutions, mineral wool insulation is gaining popularity as a preferred choice for both residential and commercial construction projects.

断熱製品市場 : 2029年までの世界予測 ecosystem

“The thermal insulation segment is projected to hold maximum market share during the forecast period.”
The thermal insulation segment is expected to hold maximum share during the forecast period. The global focus on mitigating climate change and reducing carbon emissions is prompting individuals, businesses, and governments to invest in energy-efficient building solutions. This factor has led the growth of thermal insulation.

“Asia Pacific is projected to hold the maximum market share of the insulation products market during the forecast period.”
The Asia Pacific insulation products industry has been studied for China, Japan, India, South Korea, Thailand, and the Rest of Asia Pacific. Many countries in the Asia Pacific region are implementing stringent energy efficiency regulations and building codes to mitigate the environmental impact of rapid urbanization and address climate change concerns. These regulations often mandate minimum requirements for thermal insulation in buildings to reduce energy consumption for heating and cooling. Government incentives and subsidies further encourage the adoption of insulation products, fostering market growth.

断熱製品市場 : 2029年までの世界予測 region
Breakdown of primary interviews for the report on the insulation products market

• By Company Type: Tier 1 – 46%, Tier 2 – 26%, and Tier 3 – 18%
• By Designation: C-level Executives – 38%, Directors – 33%, and Others – 29%
• By Region: North America – 37%, Europe – 27%, Asia Pacific – 25%, South America – 6%, Middle East & Africa- 5%

Some of the leading manufacturers of insulation products profiled in this report include Covestro AG (Germany), Owens Corning Corp. (US), Rockwool International A/S (Denmark), Saint-Gobain ISOVER (France), Knauf Insulation (US), Huntsman Corporation (US), Armacell International S.A. (Luxembourg), Johns Manville Corporation (US), Kingspan Group (Ireland), Soprema Group (France), Cellofoam International GmbH (Germany), Recticel NV/SA (Belgium), China Jushi Co. Ltd. (China), and Rogers Corporation (US).

Research Coverage
The report defines, segments, and projects the insulation products market size based insulation type, end-use industry, material type, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as new product development, agreements, acquisitions, and expansions they undertake in the market.

Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the insulation products market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the market’s competitive landscape, gain insights to improve the position of their businesses and develop suitable go-to-market strategies. It also enables stakeholders to understand the market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of critical drivers (Growing steel and aluminum industries in developing nations), restraints (Toxic chemicals used as raw materials lead to health risks and ineffective insulation), opportunities (Various government schemes to boost manufacturing sector in Asia Pacific), and challenges (High training costs associated with application engineers and contractors) influencing the growth of the insulation products market.

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the insulation products market.

• Market Development: Comprehensive information about lucrative markets – the report analyses the insulation products market across varied regions.

• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the insulation products market.

• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Covestro AG (Germany), Owens Corning Corp. (US), Rockwool International A/S (Denmark), Saint-Gobain ISOVER (France), Knauf Insulation (US), Huntsman Corporation (US), Armacell International S.A. (Luxembourg), Johns Manville Corporation (US), Kingspan Group (Ireland), Soprema Group (France), Cellofoam International GmbH (Germany), Recticel NV/SA (Belgium), China Jushi Co. Ltd. (China), and Rogers Corporation (US), and among others in the insulation products market.

Table of Contents

1            INTRODUCTION            35

1.1         STUDY OBJECTIVES      35

1.2         MARKET DEFINITION   35

1.3         STUDY SCOPE  36

1.3.1      INCLUSIONS & EXCLUSIONS     36

TABLE 1             INSULATION PRODUCTS MARKET, BY INSULATION TYPE: INCLUSIONS & EXCLUSIONS     36

TABLE 2             INSULATION PRODUCTS MARKET, BY MATERIAL TYPE: INCLUSIONS & EXCLUSIONS     36

TABLE 3             INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY: INCLUSIONS & EXCLUSIONS     36

TABLE 4             INSULATION PRODUCTS MARKET, BY REGION: INCLUSIONS & EXCLUSIONS    37

FIGURE 1           INSULATION PRODUCTS MARKET SEGMENTATION      38

1.3.2      REGIONS COVERED      38

1.3.3      YEARS CONSIDERED     39

1.4         CURRENCY CONSIDERED          39

1.5         UNITS CONSIDERED     39

1.6         LIMITATIONS   39

1.7         STAKEHOLDERS            40

1.8         SUMMARY OF CHANGES            40

1.8.1      RECESSION IMPACT      40

2            RESEARCH METHODOLOGY     41

2.1         RESEARCH DATA           41

FIGURE 2           INSULATION PRODUCTS MARKET: RESEARCH DESIGN 41

2.1.1      SECONDARY DATA       42

2.1.1.1   Key data from secondary sources     42

2.1.2      PRIMARY DATA 43

2.1.2.1   Key data from primary sources         43

2.1.2.2   Key industry insights          44

2.1.2.3   Breakdown of primary interviews     44

FIGURE 3           BREAKDOWN OF PRIMARY INTERVIEWS            44

2.1.2.4   Key primary participants    45

2.2         BASE NUMBER CALCULATION  45

2.2.1      SUPPLY-SIDE APPROACH          45

FIGURE 4           METHODOLOGY FOR SUPPLY-SIDE SIZING OF INSULATION PRODUCTS MARKET     45

2.2.2      DEMAND-SIDE APPROACH        46

FIGURE 5           METHODOLOGY FOR DEMAND-SIDE SIZING OF INSULATION PRODUCTS MARKET     46

2.3         MARKET SIZE ESTIMATION       46

FIGURE 6           INSULATION PRODUCTS MARKET: BOTTOM-UP APPROACH              46

FIGURE 7           INSULATION PRODUCTS MARKET: TOP-DOWN APPROACH              47

2.4         DATA TRIANGULATION             48

FIGURE 8           INSULATION PRODUCTS MARKET: DATA TRIANGULATION              48

2.5         RECESSION IMPACT      49

2.6         RESEARCH ASSUMPTIONS         49

2.7         LIMITATIONS AND RISK ASSESSMENT  49

3            EXECUTIVE SUMMARY 50

FIGURE 9           MINERAL WOOL MATERIAL TO GAIN TRACTION DURING FORECAST PERIOD       51

FIGURE 10         BUILDING & CONSTRUCTION INDUSTRY ACCOUNTED FOR LARGEST SHARE IN INSULATION PRODUCTS MARKET IN 2023  51

FIGURE 11         ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF INSULATION PRODUCTS MARKET IN 2023         52

4            PREMIUM INSIGHTS      54

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INSULATION PRODUCTS MARKET     54

FIGURE 12         DEMAND FOR INSULATION PRODUCTS TO INCREASE IN ASIA PACIFIC DURING FORECAST PERIOD    54

4.2         INSULATION PRODUCTS MARKET, BY REGION 54

FIGURE 13         ASIA PACIFIC HELD LARGEST MARKET SIZE IN 2023       54

4.3         INSULATION PRODUCTS MARKET IN ASIA PACIFIC,  BY MATERIAL TYPE AND COUNTRY    55

FIGURE 14         PUF AND CHINA DOMINATED INSULATION PRODUCTS MARKET IN ASIA PACIFIC           55

4.4         INSULATION PRODUCTS MARKET, BY KEY COUNTRY   56

FIGURE 15         CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD       56

5            MARKET OVERVIEW     57

5.1         INTRODUCTION            57

5.2         MARKET DYNAMICS     57

FIGURE 16         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN  INSULATION PRODUCTS MARKET 57

5.2.1      DRIVERS            58

5.2.1.1   Growth of steel and aluminum industries in emerging economies            58

TABLE 5             GLOBAL CRUDE STEEL PRODUCTION, BY COUNTRY, 2023              58

5.2.1.2   Increasing awareness about acoustic insulation in building & construction industries             59

5.2.1.3   Rising demand for quick-to-install insulation materials in warehouses     59

5.2.2      RESTRAINTS     60

5.2.2.1   Toxic chemicals used as raw materials lead to health risks and ineffective insulation              60

5.2.2.2   Shrinking pipelines of new coal-based thermal power plants      60

5.2.3      OPPORTUNITIES           60

5.2.3.1   Various government schemes to expand manufacturing industry in Asia Pacific              60

5.2.3.2   Stringent regulations mandating use of insulation materials for energy conservation        61

5.2.4      CHALLENGES   61

5.2.4.1   High training costs associated with application engineers and contractors 61

5.2.4.2   Fluctuating raw material costs leading to pricing pressure on insulation manufacturers     62

5.3         PORTER’S FIVE FORCES ANALYSIS         62

FIGURE 17         INSULATION PRODUCTS MARKET: PORTER’S FIVE FORCES ANALYSIS          62

TABLE 6             INSULATION PRODUCTS MARKET: PORTER’S FIVE FORCES ANALYSIS          63

5.3.1      THREAT OF SUBSTITUTES         63

5.3.2      THREAT OF NEW ENTRANTS    63

5.3.3      BARGAINING POWER OF BUYERS           63

5.3.4      BARGAINING POWER OF SUPPLIERS     63

5.3.5      INTENSITY OF COMPETITIVE RIVALRY 64

5.4         VALUE CHAIN ANALYSIS            64

FIGURE 18         VALUE CHAIN ANALYSIS OF INSULATION PRODUCTS MARKET              64

5.4.1      RAW MATERIAL SUPPLIERS       64

5.4.2      INSULATION PRODUCT MANUFACTURERS       65

5.4.3      INSULATION DISTRIBUTORS    65

5.4.4      INSULATION PRODUCT CONTRACTORS/CONVERTERS/CONSULTANTS 65

5.4.5      END USERS       65

5.5         KEY STAKEHOLDERS & BUYING CRITERIA          66

5.5.1      INTRODUCTION            66

FIGURE 19         INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE  END-USE INDUSTRIES 66

5.5.2      KEY STAKEHOLDERS IN BUYING PROCESS         66

TABLE 7             INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%) 66

5.5.3      BUYING CRITERIA         67

FIGURE 20         KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES              67

TABLE 8             KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES              67

5.6         TECHNOLOGY ANALYSIS           67

5.6.1      KEY TECHNOLOGY       67

5.6.1.1   Aerogel  67

5.6.2      COMPLEMENTARY TECHNOLOGY        68

5.6.2.1   Structural insulated panels 68

5.6.3      ADJACENT TECHNOLOGY         68

5.6.3.1   Loose-fill and blown-in insulation    68

5.7         CASE STUDY ANALYSIS 68

5.7.1      PYROTEK ACOUSTIC INSULATION FOR CINEMA HALL 68

5.7.2      STONE WOOL INSULATION SLAB USED ACROSS SALAMANDER STREET 69

5.8         PATENT ANALYSIS        69

FIGURE 21         LIST OF MAJOR PATENTS FOR INSULATED PRODUCTS 69

5.8.1      LIST OF MAJOR PATENTS          70

TABLE 9             LIST OF MAJOR PATENTS          70

5.9         INDICATIVE PRICING ANALYSIS             71

TABLE 10           INDICATIVE PRICING ANALYSIS, BY INSULATION MATERIAL              71

FIGURE 22         AVERAGE PRICE OF INSULATION PRODUCTS INSTALLATION, BY REGION, USD            72

TABLE 11           AVERAGE PRICE OF INSULATION PRODUCTS INSTALLATION, BY REGION, USD            72

5.10       MACROECONOMIC INDICATORS           72

5.10.1    GDP TRENDS AND FORECAST OF MAJOR ECONOMIES  73

TABLE 12           GDP TRENDS AND FORECAST, BY MAJOR ECONOMY, 2018–2026 (USD BILLION) 73

5.11       ECOSYSTEM ANALYSIS 74

FIGURE 23         INSULATION PRODUCTS MARKET: MARKET MAP          74

TABLE 13           INSULATION PRODUCTS MARKET: ECOSYSTEM            74

5.12       KEY CONFERENCES & EVENTS IN 2024–2025       75

TABLE 14           INSULATION PRODUCTS MARKET: KEY CONFERENCES & EVENTS             75

5.13       TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       76

FIGURE 24         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS              76

5.14       TRADE ANALYSIS          77

5.14.1    IMPORT SCENARIO       77

FIGURE 25         HS CODE 680610: INSULATION PRODUCT IMPORT, BY KEY COUNTRY, 2019–2022 (USD THOUSAND)            77

5.14.2    EXPORT SCENARIO       78

FIGURE 26         HS CODE 680610: INSULATION PRODUCT EXPORT, BY KEY COUNTRY,  2019–2022 (USD THOUSAND)          78

5.15       TARIFF & REGULATORY LANDSCAPE    79

5.15.1    INTRODUCTION            79

5.15.2    TARIFFS RELATED TO INSULATION PRODUCTS MARKET          79

5.15.3    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          79

TABLE 15           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         79

TABLE 16           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         80

TABLE 17           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         81

6            INSULATION PRODUCTS MARKET, BY MATERIAL TYPE 82

6.1         INTRODUCTION            83

FIGURE 27         OTHER INSULATION MATERIALS TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD      83

TABLE 18           INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)     83

TABLE 19           INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)     84

6.2         MINERAL WOOL            84

6.2.1      INCREASING DEMAND FOR COST-EFFECTIVE AND ENERGY-EFFICIENT BUILDINGS TO FOSTER GROWTH   84

TABLE 20           MINERAL WOOL: INSULATION PRODUCTS MARKET, BY REGION,  2019–2023 (USD MILLION)     84

TABLE 21           MINERAL WOOL: INSULATION PRODUCTS MARKET, BY REGION,  2024–2029 (USD MILLION)     85

6.2.2      FIBERGLASS      85

6.2.3      STONE WOOL   85

6.3         POLYURETHANE FOAM             85

6.3.1      RISING NEED FOR BIO-BASED PUF TO BOOST MARKET 85

TABLE 22           POLYURETHANE FOAM: INSULATION PRODUCTS MARKET, BY REGION,  2019–2023 (USD MILLION)     86

TABLE 23           POLYURETHANE FOAM: INSULATION PRODUCTS MARKET, BY REGION,  2024–2029 (USD MILLION)     86

6.4         FLEXIBLE ELASTOMERIC FOAM             87

6.4.1      INCREASING USE OF HVAC SYSTEMS TO DRIVE MARKET           87

TABLE 24           FLEXIBLE ELASTOMERIC FOAM: INSULATION PRODUCTS MARKET, BY REGION,  2019–2023 (USD MILLION)          87

TABLE 25           FLEXIBLE ELASTOMERIC FOAM: INSULATION PRODUCTS MARKET, BY REGION,  2024–2029 (USD MILLION)          87

6.4.2      ETHYLENE PROPYLENE DIENE MONOMER        88

6.4.3      NITRILE BUTADIENE RUBBER   88

6.4.4      POLYETHYLENE INSULATION  88

6.5         OTHER MATERIALS      88

TABLE 26           OTHER MATERIALS: INSULATION PRODUCTS MARKET, BY REGION,  2019–2023 (USD MILLION)     89

TABLE 27           OTHER MATERIALS: INSULATION PRODUCTS MARKET, BY REGION,  2024–2029 (USD MILLION)     89

6.5.1      EXTRUDED POLYSTYRENE INSULATION            89

6.5.2      EXPANDED POLYSTYRENE INSULATION            90

6.5.3      OTHERS             90

7            INSULATION PRODUCTS MARKET, BY INSULATION TYPE          91

7.1         INTRODUCTION            92

FIGURE 28         THERMAL INSULATION TO ACCOUNT FOR LARGER SHARE DURING  FORECAST PERIOD   92

TABLE 28           INSULATION PRODUCTS MARKET, BY INSULATION TYPE, 2019–2023 (USD MILLION)          92

TABLE 29           INSULATION PRODUCTS MARKET, BY INSULATION TYPE, 2024–2029 (USD MILLION)          93

7.2         THERMAL INSULATION             93

7.2.1      RISING DEMAND IN GREEN BUILDINGS TO DRIVE MARKET      93

TABLE 30           THERMAL: INSULATION PRODUCTS MARKET, BY REGION, 2019–2023 (USD MILLION)          93

TABLE 31           THERMAL: INSULATION PRODUCTS MARKET, BY REGION, 2024–2029 (USD MILLION)          94

7.3         ACOUSTIC & OTHER INSULATION         94

7.3.1      IMPROVED STANDARD OF LIVING AND RISE IN INFRASTRUCTURAL ACTIVITIES TO DRIVE MARKET 94

TABLE 32           ACOUSTIC: INSULATION PRODUCTS MARKET, BY REGION, 2019–2023 (USD MILLION)          94

TABLE 33           ACOUSTIC: INSULATION PRODUCTS MARKET, BY REGION, 2024–2029 (USD MILLION)          95

8            INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY       96

8.1         INTRODUCTION            97

FIGURE 29         BUILDING & CONSTRUCTION SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD   97

TABLE 34           INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY, 2019–2023 (USD MILLION)          97

TABLE 35           INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)          98

8.2         BUILDING & CONSTRUCTION   98

8.2.1      SURGE IN DEMAND FOR ENERGY-EFFICIENT BUILDINGS TO DRIVE MARKET            98

TABLE 36           BUILDING & CONSTRUCTION: INSULATION PRODUCTS MARKET, BY REGION,  2019–2023 (USD MILLION)          99

TABLE 37           BUILDING & CONSTRUCTION: INSULATION PRODUCTS MARKET, BY REGION,  2024–2029 (USD MILLION)          99

8.3         INDUSTRIAL     99

8.3.1      RISING NEED FOR INSULATION IN PROCESS INDUSTRY TO PROPEL MARKET            99

TABLE 38           INDUSTRIAL: INSULATION PRODUCTS MARKET, BY REGION,  2019–2023 (USD MILLION)          100

TABLE 39           INDUSTRIAL: INSULATION PRODUCTS MARKET, BY REGION,  2024–2029 (USD MILLION)          100

8.3.2      REFRIGERATION           100

8.3.3      OIL & PETROCHEMICAL            101

8.3.4      FOOD PROCESSING      101

8.3.5      POWER GENERATION & OTHERS           101

8.4         TRANSPORTATION       101

8.4.1      INCREASING DEMAND FOR HIGH-TEMPERATURE TRANSPORT EQUIPMENT TO BOOST MARKET          101

TABLE 40           TRANSPORTATION: INSULATION PRODUCTS MARKET, BY REGION,  2019–2023 (USD MILLION)     102

TABLE 41           TRANSPORTATION: INSULATION PRODUCTS MARKET, BY REGION,  2024–2029 (USD MILLION)     102

8.4.2      AEROSPACE & DEFENSE             102

8.4.3      AUTOMOTIVE  102

8.4.4      OTHER TRANSPORTATION       103

8.5         CONSUMER GOODS      103

8.5.1      INCREASED DISPOSABLE INCOME TO BOOST MARKET 103

TABLE 42           CONSUMER GOODS: INSULATION PRODUCTS MARKET, BY REGION,  2019–2023 (USD MILLION)     103

TABLE 43           CONSUMER GOODS: INSULATION PRODUCTS MARKET, BY REGION,  2024–2029 (USD MILLION)     104

9            INSULATION PRODUCTS MARKET, BY REGION 105

9.1         INTRODUCTION            106

FIGURE 30         ASIA PACIFIC TO LEAD INSULATION PRODUCTS MARKET BETWEEN  2024 AND 2029         106

TABLE 44           INSULATION PRODUCTS MARKET, BY REGION, 2019–2023 (USD MILLION)          106

TABLE 45           INSULATION PRODUCTS MARKET, BY REGION, 2024–2029 (USD MILLION)          107

9.2         NORTH AMERICA          107

9.2.1      RECESSION IMPACT      107

FIGURE 31         NORTH AMERICA: INSULATION PRODUCTS MARKET SNAPSHOT        108

TABLE 46           NORTH AMERICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)    108

TABLE 47           NORTH AMERICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)    109

TABLE 48           NORTH AMERICA: INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY,  2019–2023 (USD MILLION)      109

TABLE 49           NORTH AMERICA: INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)      109

TABLE 50           NORTH AMERICA: INSULATION PRODUCTS MARKET, BY INSULATION TYPE,  2019–2023 (USD MILLION) 110

TABLE 51           NORTH AMERICA: INSULATION PRODUCTS MARKET, BY INSULATION TYPE,  2024–2029 (USD MILLION) 110

TABLE 52           NORTH AMERICA: INSULATION PRODUCTS MARKET, BY COUNTRY,  2019–2023 (USD MILLION) 110

TABLE 53           NORTH AMERICA: INSULATION PRODUCTS MARKET, BY COUNTRY,  2024–2029 (USD MILLION) 111

9.2.2      US         111

9.2.2.1   High demand for insulating materials in construction sector to boost market              111

TABLE 54           US: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)          111

TABLE 55           US: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)          112

9.2.3      CANADA            112

9.2.3.1   Growth of manufacturing and mining industries to drive market              112

TABLE 56           CANADA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)          112

TABLE 57           CANADA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)          112

9.2.4      MEXICO             113

9.2.4.1   Establishment of gas turbine power plant to drive market          113

TABLE 58           MEXICO: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)          113

TABLE 59           MEXICO: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)          113

9.3         EUROPE             114

9.3.1      RECESSION IMPACT      114

FIGURE 32         EUROPE: INSULATION PRODUCTS MARKET SNAPSHOT              115

TABLE 60           EUROPE: INSULATION PRODUCTS MARKET, BY COUNTRY, 2019–2023 (USD MILLION)          116

TABLE 61           EUROPE: INSULATION PRODUCTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          116

TABLE 62           EUROPE: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)          117

TABLE 63           EUROPE: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)          117

TABLE 64           EUROPE: INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY,  2019–2023 (USD MILLION) 117

TABLE 65           EUROPE: INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION) 118

TABLE 66           EUROPE: INSULATION PRODUCTS MARKET, BY INSULATION TYPE,  2019–2023 (USD MILLION)          118

TABLE 67           EUROPE: INSULATION PRODUCTS MARKET, BY INSULATION TYPE,  2024–2029 (USD MILLION)          118

9.3.2      FRANCE             119

9.3.2.1   Transition to clean economy using renewable energy to drive market       119

TABLE 68           FRANCE: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)          119

TABLE 69           FRANCE: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)          119

9.3.3      RUSSIA 120

9.3.3.1   Growth of industrial sector to drive market    120

TABLE 70           RUSSIA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)          120

TABLE 71           RUSSIA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)          120

9.3.4      GERMANY         121

9.3.4.1   Investments in chemical and petrochemical industries to drive market     121

TABLE 72           GERMANY: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)          121

TABLE 73           GERMANY: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)          121

9.3.5      ITALY   122

9.3.5.1   Rise in commercial infrastructure to drive market        122

TABLE 74           ITALY: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)          122

TABLE 75           ITALY: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)          122

9.3.6      UK         122

9.3.6.1   Rise in infrastructural development to boost demand for insulation products              122

TABLE 76           UK: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)          123

TABLE 77           UK: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)          123

9.3.7      SPAIN   123

9.3.7.1   Growing emphasis on sustainability to fuel demand for thermal and acoustic insulation             123

TABLE 78           SPAIN: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)          123

TABLE 79           SPAIN: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)          124

9.3.8      POLAND            124

9.3.8.1   Increasing need for energy consumption to boost demand for innovative insulation technologies        124

TABLE 80           POLAND: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)          124

TABLE 81           POLAND: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)          124

9.3.9      REST OF EUROPE           125

TABLE 82           REST OF EUROPE: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)    125

TABLE 83           REST OF EUROPE: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)    125

9.4         ASIA PACIFIC    125

9.4.1      RECESSION IMPACT      125

FIGURE 33         ASIA PACIFIC: INSULATION PRODUCTS MARKET SNAPSHOT              126

TABLE 84           ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY COUNTRY,  2019–2023 (USD MILLION) 127

TABLE 85           ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY COUNTRY,  2024–2029 (USD MILLION) 127

TABLE 86           ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)    127

TABLE 87           ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)    128

TABLE 88           ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY,  2019–2023 (USD MILLION) 128

TABLE 89           ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION) 129

TABLE 90           ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY INSULATION TYPE,  2019–2023 (USD MILLION) 129

TABLE 91           ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY INSULATION TYPE,  2024–2029 (USD MILLION) 129

9.4.2      CHINA  130

9.4.2.1   Rapid economic growth to drive market         130

TABLE 92          CHINA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)          130

TABLE 93          CHINA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)          130

9.4.3      JAPAN  130

9.4.3.1   Development of power and energy sector to drive market          130

TABLE 94          JAPAN: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)          131

TABLE 95          JAPAN: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)          131

9.4.4      INDIA   131

9.4.4.1   Increasing investments in domestic oil production to drive market           131

TABLE 96           INDIA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)          131

TABLE 97           INDIA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)          132

9.4.5      SOUTH KOREA 132

9.4.5.1   Increase in export of electronics to drive market           132

TABLE 98           SOUTH KOREA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)    132

TABLE 99           SOUTH KOREA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)    133

9.4.6      REST OF ASIA PACIFIC  133

TABLE 100         REST OF ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)    133

TABLE 101         REST OF ASIA PACIFIC: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)    133

9.5         SOUTH AMERICA           134

9.5.1      RECESSION IMPACT      134

TABLE 102         SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY COUNTRY,  2019–2023 (USD MILLION) 134

TABLE 103         SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY COUNTRY,  2024–2029 (USD MILLION) 134

TABLE 104         SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)    134

TABLE 105         SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)    135

TABLE 106         SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY,  2019–2023 (USD MILLION)      135

TABLE 107         SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)      135

TABLE 108         SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY INSULATION TYPE,  2019–2023 (USD MILLION) 136

TABLE 109         SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY INSULATION TYPE,  2024–2029 (USD MILLION) 136

9.5.2      BRAZIL 136

9.5.2.1   Increasing demand for polyurethane foam to drive market         136

TABLE 110         BRAZIL: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)          136

TABLE 111         BRAZIL: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)          137

9.5.3      REST OF SOUTH AMERICA         137

TABLE 112         REST OF SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)            137

TABLE 113         REST OF SOUTH AMERICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)            137

9.6         MIDDLE EAST & AFRICA             138

9.6.1      RECESSION IMPACT      138

TABLE 114         MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY COUNTRY,  2019–2023 (USD MILLION) 138

TABLE 115         MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY COUNTRY,  2024–2029 (USD MILLION) 139

TABLE 116         MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)    139

TABLE 117         MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)    139

TABLE 118         MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY,  2019–2023 (USD MILLION)           140

TABLE 119         MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY END-USE INDUSTRY,  2024–2029 (USD MILLION)           140

TABLE 120         MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY INSULATION TYPE,  2019–2023 (USD MILLION) 140

TABLE 121         MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY INSULATION TYPE,  2024–2029 (USD MILLION) 140

9.6.2      GCC COUNTRIES           141

9.6.2.1   UAE      141

9.6.2.1.1 Increasing demand for thermal insulation from major end-use industries to drive market   141

TABLE 122         UAE: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)          141

TABLE 123         UAE: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)          141

9.6.2.2   Saudi Arabia        142

9.6.2.2.1 Increasing need for reduced energy consumption to fuel demand for thermal insulation             142

TABLE 124         SAUDI ARABIA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)    142

TABLE 125         SAUDI ARABIA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)    142

9.6.2.3   Other GCC Countries        143

TABLE 126         OTHER GCC COUNTRIES: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)            143

TABLE 127         OTHER GCC COUNTRIES: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)            143

9.6.3      SOUTH AFRICA 143

9.6.3.1   Growth of construction sector to drive market             143

TABLE 128         SOUTH AFRICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)    144

TABLE 129         SOUTH AFRICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2024–2029 (USD MILLION)    144

9.6.4      REST OF MIDDLE EAST & AFRICA           144

TABLE 130         REST OF MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE,  2019–2023 (USD MILLION)         144

TABLE 131         REST OF MIDDLE EAST & AFRICA: INSULATION PRODUCTS MARKET, BY MATERIAL TYPE, 2024–2029 (USD MILLION)            145

10          COMPETITIVE LANDSCAPE       146

10.1       INTRODUCTION            146

10.2       STRATEGIES ADOPTED BY KEY PLAYERS           146

TABLE 132         OVERVIEW OF STRATEGIES ADOPTED BY INSULATION PRODUCT MANUFACTURERS   146

10.3       REVENUE ANALYSIS      148

FIGURE 34         REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS           148

10.4       MARKET SHARE ANALYSIS         148

10.4.1    MARKET SHARE OF KEY PLAYERS          148

TABLE 133         INSULATION PRODUCTS MARKET: DEGREE OF COMPETITION              149

FIGURE 35         SHARE OF KEY PLAYERS IN INSULATION PRODUCTS MARKET, 2023      149

10.4.2    RANKING OF KEY PLAYERS, 2023            150

FIGURE 36         RANKING OF TOP FIVE PLAYERS IN INSULATION PRODUCTS MARKET, 2023  150

10.4.2.1 Covestro AG        150

10.4.2.2 Saint-Gobain ISOVER       150

10.4.2.3 Owens Corning    151

10.4.2.4 Knauf Insulation  151

10.4.2.5 Rockwool International A/S             151

10.5       BRAND/PRODUCT COMPARISON ANALYSIS      152

FIGURE 37         INSULATION PRODUCTS MARKET: BRAND/PRODUCT COMPARISON   152

10.5.1    COVESTRO AG 153

10.5.2    SAINT-GOBAIN (ISOVER)           153

10.5.3    OWENS CORNING          153

10.5.4    KNAUF INSULATION     153

10.5.5    ROCKWOOL INTERNATIONAL A/S         153

10.6       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2022   153

10.6.1    STARS  153

10.6.2    EMERGING LEADERS    154

10.6.3    PERVASIVE PLAYERS     154

10.6.4    PARTICIPANTS 154

FIGURE 38         INSULATION PRODUCTS MARKET: COMPANY EVALUATION MATRIX  (KEY PLAYERS), 2023 155

10.6.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      156

10.6.5.1 Company footprint            156

FIGURE 39         INSULATION PRODUCTS MARKET: COMPANY FOOTPRINT (17 COMPANIES)    156

10.6.5.2 Material type footprint       157

TABLE 134         INSULATION PRODUCTS MARKET: MATERIAL TYPE FOOTPRINT (17 COMPANIES)   157

10.6.5.3 Region footprint  158

TABLE 135         INSULATION PRODUCTS MARKET: REGION FOOTPRINT (17 COMPANIES)    158

TABLE 136         INSULATION PRODUCTS MARKET: APPLICATION FOOTPRINT (17 COMPANIES)            159

TABLE 137         INSULATION PRODUCTS MARKET: INSULATION TYPE FOOTPRINT (17 COMPANIES)   160

10.7       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          161

10.7.1    PROGRESSIVE COMPANIES       161

10.7.2    RESPONSIVE COMPANIES          161

10.7.3    DYNAMIC COMPANIES 161

10.7.4    STARTING BLOCKS       161

FIGURE 40         INSULATION PRODUCTS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023           162

10.7.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             163

TABLE 138         INSULATION PRODUCTS MARKET: KEY STARTUPS/SMES              163

TABLE 139         INSULATION PRODUCTS MARKET: COMPETITIVE BENCHMARKING OF  KEY STARTUPS/SMES     164

10.8       VALUATION AND FINANCIAL METRICS OF INSULATION PRODUCTS MANUFACTURERS        165

FIGURE 41         EV/EBITDA OF KEY MANUFACTURERS 165

FIGURE 42         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY MANUFACTURERS            165

10.9       COMPETITIVE SCENARIO AND TRENDS             166

10.9.1    PRODUCT LAUNCHES  166

TABLE 140         INSULATION PRODUCTS MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, APRIL 2018–MARCH 2024 166

10.9.2    DEALS  170

TABLE 141         INSULATION PRODUCTS MARKET: DEALS, APRIL 2018–MARCH 2024      170

10.9.3    EXPANSIONS    178

TABLE 142         INSULATION PRODUCTS MARKET: EXPANSIONS, APRIL 2018–MARCH 2024     178

10.9.4    OTHER DEVELOPMENTS           184

TABLE 143         INSULATION PRODUCTS MARKET: OTHER DEVELOPMENTS, APRIL 2018–MARCH 2024            184

11          COMPANY PROFILES    186

(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*

11.1       INTRODUCTION            186

11.2       KEY PLAYERS   186

11.2.1    COVESTRO AG 186

TABLE 144         COVESTRO AG: BUSINESS OVERVIEW   186

FIGURE 43         COVESTRO AG: COMPANY SNAPSHOT 187

TABLE 145         COVESTRO AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED              187

TABLE 146         COVESTRO AG: PRODUCT LAUNCHES  189

TABLE 147         COVESTRO AG: DEALS 189

TABLE 148         COVESTRO AG: EXPANSIONS    190

TABLE 149         COVESTRO AG: OTHER DEVELOPMENTS           190

11.2.2    SAINT-GOBAIN ISOVER 192

TABLE 150         SAINT-GOBAIN ISOVER: BUSINESS OVERVIEW  192

TABLE 151         SAINT-GOBAIN ISOVER: PRODUCTS/SOLUTIONS/SERVICES OFFERED          192

TABLE 152         SAINT-GOBAIN ISOVER: DEALS 193

TABLE 153         SAINT-GOBAIN: OTHER DEVELOPMENTS          194

11.2.3    OWENS CORNING          196

TABLE 154         OWENS CORNING: BUSINESS OVERVIEW            196

FIGURE 44         OWENS CORNING: COMPANY SNAPSHOT          197

TABLE 155         OWENS CORNING: PRODUCTS/SOLUTIONS/SERVICES OFFERED          197

TABLE 156         OWENS CORNING: PRODUCT LAUNCHES          199

TABLE 157         OWENS CORNING: DEALS          199

TABLE 158         OWENS CORNING: OTHER DEVELOPMENTS     200

11.2.4    KNAUF INSULATION     202

TABLE 159         KNAUF INSULATION: BUSINESS OVERVIEW       202

TABLE 160         KNAUF INSULATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          202

TABLE 161         KNAUF INSULATION: DEALS     203

TABLE 162         KNAUF INSULATION: EXPANSIONS        203

TABLE 163         KNAUF INSULATION: OTHER DEVELOPMENTS 204

11.2.5    ROCKWOOL INTERNATIONAL A/S         206

TABLE 164         ROCKWOOL INTERNATIONAL A/S: BUSINESS OVERVIEW              206

FIGURE 45         ROCKWOOL INTERNATIONAL A/S: COMPANY SNAPSHOT              207

TABLE 165         ROCKWOOL INTERNATIONAL A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED   207

TABLE 166         ROCKWOOL INTERNATIONAL A/S: PRODUCT LAUNCHES              208

TABLE 167         ROCKWOOL INTERNATIONAL A/S: DEALS         208

TABLE 168         ROCKWOOL INTERNATIONAL A/S: EXPANSIONS            209

11.2.6    KINGSPAN GROUP        211

TABLE 169         KINGSPAN GROUP: BUSINESS OVERVIEW          211

FIGURE 46         KINGSPAN GROUP: COMPANY SNAPSHOT         212

TABLE 170         KINGSPAN GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED          212

TABLE 171         KINGSPAN GROUP: PRODUCT LAUNCHES         213

TABLE 172         KINGSPAN GROUP: DEALS        213

TABLE 173         KINGSPAN GROUP: EXPANSIONS           214

11.2.7    ARMACELL INTERNATIONAL S.A.          216

TABLE 174         ARMACELL INTERNATIONAL S.A.: BUSINESS OVERVIEW              216

FIGURE 47         ARMACELL INTERNATIONAL S.A.: COMPANY SNAPSHOT              217

TABLE 175         ARMACELL INTERNATIONAL S.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   217

TABLE 176         ARMACELL INTERNATIONAL S.A.: PRODUCT LAUNCHES              219

TABLE 177         ARMACELL INTERNATIONAL S.A.: DEALS           219

11.2.8    HUNTSMAN CORPORATION     221

TABLE 178         HUNTSMAN CORPORATION: BUSINESS OVERVIEW       221

FIGURE 48         HUNTSMAN CORPORATION: COMPANY SNAPSHOT      222

TABLE 179         HUNTSMAN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   222

TABLE 180         HUNTSMAN CORPORATION: PRODUCT LAUNCHES      223

TABLE 181         HUNTSMAN CORPORATION S.A.: DEALS            224

TABLE 182         HUNTSMAN CORPORATION S.A.: EXPANSIONS 224

11.2.9    JOHNS MANVILLE CORPORATION         227

TABLE 183         JOHNS MANVILLE CORPORATION: BUSINESS OVERVIEW              227

TABLE 184         JOHNS MANVILLE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   227

TABLE 185         JOHNS MANVILLE CORPORATION: PRODUCT LAUNCHES              228

TABLE 186         JOHNS MANVILLE CORPORATION: DEALS         229

TABLE 187         JOHNS MANVILLE CORPORATION: EXPANSIONS            230

11.2.10  BASF SE              232

TABLE 188         BASF SE: BUSINESS OVERVIEW 232

FIGURE 49         BASF SE: COMPANY SNAPSHOT 233

TABLE 189         BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 233

TABLE 190         BASF SE: PRODUCT LAUNCHES 234

TABLE 191         BASF SE: DEALS 234

TABLE 192         BASF SE: EXPANSIONS  235

11.2.11  ROGERS CORPORATION            237

TABLE 193         ROGERS CORPORATION: BUSINESS OVERVIEW 237

FIGURE 50         ROGERS CORPORATION: COMPANY SNAPSHOT            238

TABLE 194         ROGERS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          238

TABLE 195         ROGERS CORPORATION: PRODUCT LAUNCHES             239

TABLE 196         ROGERS CORPORATION: DEALS            239

TABLE 197         ROGERS CORPORATION: EXPANSIONS 240

11.2.12  RECTICEL NV/SA           241

TABLE 198         RECTICEL NV/SA: BUSINESS OVERVIEW             241

FIGURE 51         RECTICEL NV/SA: COMPANY SNAPSHOT           241

TABLE 199         RECTICEL NV/SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED          242

TABLE 200         RECTICEL NV/SA: PRODUCT LAUNCHES            242

TABLE 201         RECTICEL NV/SA: DEALS           242

11.2.13  ASPEN AEROGELS, INC. 243

TABLE 202         ASPEN AEROGELS, INC.: BUSINESS OVERVIEW  243

FIGURE 52         ASPEN AEROGELS, INC.: COMPANY SNAPSHOT 243

TABLE 203         ASPEN AEROGELS, INC: PRODUCTS /SOLUTIONS/SERVICES OFFERED          244

TABLE 204         ASPEN AEROGELS, INC.: DEALS 244

11.2.14  SIKA AG             245

TABLE 205         SIKA AG: BUSINESS OVERVIEW 245

FIGURE 53         SIKA AG: COMPANY SNAPSHOT 245

TABLE 206         SIKA AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 246

TABLE 207         SIKA AG: PRODUCT LAUNCHES 246

TABLE 208         SIKA AG: DEALS             246

TABLE 209         SIKA AG: EXPANSIONS  247

11.2.15  MORGAN ADVANCED MATERIALS PLC 248

TABLE 210         MORGAN ADVANCED MATERIALS PLC: BUSINESS OVERVIEW              248

FIGURE 54         MORGAN ADVANCED MATERIALS PLC: COMPANY SNAPSHOT              249

TABLE 211         MORGAN ADVANCED MATERIALS PLC: PRODUCTS /SOLUTIONS/SERVICES OFFERED          249

TABLE 212         MORGAN ADVANCED MATERIALS PLC: EXPANSIONS    250

11.2.16  3M         251

TABLE 213         3M: BUSINESS OVERVIEW          251

FIGURE 55         3M: COMPANY SNAPSHOT         252

TABLE 214         3M: PRODUCTS /SOLUTIONS/SERVICES OFFERED         252

TABLE 215         3M: PRODUCT LAUNCHES         253

11.2.17  CHINA JUSHI CO., LTD. 254

TABLE 216         CHINA JUSHI CO., LTD.: BUSINESS OVERVIEW   254

TABLE 217         CHINA JUSHI CO., LTD.: PRODUCTS /SOLUTIONS/SERVICES OFFERED          254

TABLE 218         CHINA JUSHI CO., LTD.: PRODUCT LAUNCHES 256

TABLE 219         CHINA JUSHI CO., LTD.: EXPANSIONS   256

11.3       OTHER PLAYERS           257

11.3.1    HOWRED CORPORATION          257

TABLE 220         HOWRED CORPORATION: COMPANY OVERVIEW           257

11.3.2    URSA INSULATION S.A. 257

TABLE 221         URSA INSULATION S.A.: COMPANY OVERVIEW 257

11.3.3    NANO TECH CO. LTD.  258

TABLE 222         NANO TECH CO. LTD.: COMPANY OVERVIEW   258

11.3.4    GAF MATERIALS CORPORATION            258

TABLE 223         GAF MATERIALS CORPORATION: COMPANY OVERVIEW              258

11.3.5    CELLOFOAM INTERNATIONAL GMBH  259

TABLE 224         CELLOFOAM INTERNATIONAL GMBH: COMPANY OVERVIEW              259

11.3.6    WINCELL           260

TABLE 225         WINCELL: COMPANY OVERVIEW           260

11.3.7    L’ISOLANTE K’FLEX S.P.A.          261

TABLE 226         L’ISOLANTE K’FLEX S.P.A.: COMPANY OVERVIEW           261

11.3.8    HIRA INDUSTRIES LLC  262

TABLE 227         HIRA INDUSTRIES LLC: COMPANY OVERVIEW  262

11.3.9    AEROFLEX COMPANY LTD.       263

TABLE 228         AEROFLEX COMPANY LTD.: COMPANY OVERVIEW        263

11.3.10  SOPREMA GROUP          264

TABLE 229         SOPREMA GROUP: COMPANY OVERVIEW          264

*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

12          ADJACENT AND RELATED MARKETS     265

12.1       INTRODUCTION            265

12.2       LIMITATIONS   265

12.3       INSULATION PRODUCT INTERCONNECTED MARKETS 265

12.3.1    POLYURETHANE FOAM MARKET           265

12.3.1.1 Market definition 265

12.3.1.2 Market overview  265

12.4       FLEXIBLE FOAM            266

12.4.1    IMPROVED STANDARD OF LIVING IN EMERGING ECONOMIES TO DRIVE MARKET 266

12.4.2    KEY APPLICATIONS OF FLEXIBLE FOAMS          267

12.4.2.1 Cushioning          267

12.4.2.2 Apparel padding  267

12.4.2.3 Filtration             267

12.4.2.4 Other applications             267

12.5       RIGID FOAM     267

12.5.1    SURGING DEMAND FOR INSULATION IN RESIDENTIAL AND COMMERCIAL BUILDINGS TO BOOST MARKET 267

12.5.2    KEY APPLICATIONS OF RIGID FOAMS   267

12.5.2.1 Building and transport insulation     267

12.5.2.2 Appliances insulation (refrigerators and freezers)        268

12.5.2.3 Buoyancy and in-fill           268

12.6       SPRAY FOAMS  268

12.6.1    EXCELLENT INSULATION PROPERTIES TO BOOST CONSUMPTION IN EXTERIOR ROOFING AND ATTIC APPLICATIONS           268

12.6.2    KEY APPLICATIONS OF SPRAY FOAMS  269

12.6.2.1 Building insulation             269

12.6.2.2 Attics     269

12.6.2.3 Roofing  269

12.6.2.4 Interior wall cavities           269

12.6.2.5 Industrial cool stores          269

12.6.2.6 Marine   269

TABLE 230         POLYURETHANE FOAM MARKET, BY TYPE, 2018–2022 (KILOTON)       269

TABLE 231         POLYURETHANE FOAM MARKET, BY TYPE, 2023–2028 (KILOTON)       270

TABLE 232         POLYURETHANE FOAM MARKET, BY TYPE, 2018–2022 (USD MILLION)          270

TABLE 233         POLYURETHANE FOAM MARKET, BY TYPE, 2023–2028 (USD MILLION)          270

13          APPENDIX         271

13.1       DISCUSSION GUIDE      271

13.2       KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL             274

13.3       CUSTOMIZATION OPTIONS      276

13.4       RELATED REPORTS       276

13.5       AUTHOR DETAILS         277