OEM断熱材市場 – 2030年までの世界予測

OEM Insulation Market - Global Forecast To 2030

OEM断熱材市場 - 材料の種類 (ミネラル ウール、PUフォーム、柔軟なエラストマーフォーム、その他の材料)、断熱タイプ (断熱および音響)、最終用途 (産業および商業、輸送および消費者)、および地域別 - 2030年までの世界予測
OEM Insulation Market by Material Type (Mineral Wool, PU Foam, Flexible Elastomeric Foam, & Other Materials), Insulation Type (Thermal & Acoustic), End Use (Industrial & Commercial, Transportation and Consumer), & Region - Global Forecast to 2030

商品番号 : SMB-12437

出版社MarketsandMarkets
出版年月2025年2月
ページ数216
図表数242
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global OEM insulation market size is projected to grow from USD 17.99 billion in 2024 to USD 24.80 billion by 2030, at a CAGR of 5.5% between 2024 and 2030.

世界のOEM断熱材市場規模は、2024 年の 179 億 9000 万ドルから 2030 年までに 248 億ドルに成長し、2024 年から 2030 年までの CAGR は 5.5% になると予測されています。

The OEM insulation market will grow moderately due to such factors as the increased interest in the technological advancement of HVAC equipment in the construction sector, a massive increase in air-conditioned technology adoption in public transport vehicles globally and regionally, and the consequent need for OEM insulation materials in the refrigeration industry. Factors such as an unorganized OEM insulation market in various countries disrupting the value chain and stringent environmental regulations concerning the manufacturing of PUF are impeding the growth of the OEM insulation market.

OEM断熱材市場は、建設分野におけるHVAC機器の技術進歩に対する関心の高まり、世界的および地域的な公共交通機関の車両における空調技術採用の大幅な増加、その結果としての冷凍業界におけるOEM断熱材のニーズなどの要因により、緩やかに成長すると予想されます。

OEM断熱材市場 - 2030年までの世界予測
oem-insulation-market-Overview

“FEF-based OEM insulation is projected to witness the highest CAGR during the forecast period.”

The FEF-based OEM insulation market is projected to witness the highest growth during the forecast period. This segment’s growth is attributed to its lightweight, flexible, and excellent thermal and acoustic insulation properties, highly desirable in buildings, vehicles, and industrial applications.

“The transportation segment projected to lead the OEM insulation market from 2024 to 2030.”

The transportation segment represents the largest and most rapidly expanding OEM insulation market by end-use. Mass transit riders, office workers, and students spend considerable time in public transit for daily activities, making maintaining indoor air quality in public transport vehicles essential. This has resulted in heightened demand for air-conditioned commercial vehicles, personal cars, metros, and trains, driving the demand for the OEM insulation market. Countries including the US, China, Germany, India, Japan, and South Korea are promoting electric vehicles, which catalyzes the OEM insulation market within the transportation sector.

“Europe projected to account for the maximum share of the global OEM insulation market during the forecast period.”

Europe will lead the global OEM insulation market from 2024 to 2030. Europe is the world’s leading consumer and producer of OEM insulation. The regional market is motivated by stringent regulations regarding energy conservation and growth Income levels. Due to its robust industrial sector, France holds the largest share of the European OEM insulation market.

OEM断熱材市場 - 2030年までの世界予測 region
oem-insulation-market-Region

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and other executives from various key organizations operating in the OEM insulation market.

Profile break-up of primary participants for the report:

  • By Company Type: Tier 1: 40%, Tier 2: 20%, and Tier 3: 40%
  • By Designation: C-level Executives: 10%, Directors: 70%, and Others: 20%
  • By Region: North America: 20%, Europe: 20%, Asia Pacific: 45%, and the South America: 10%, MEA-5%

The global OEM insulation market comprises major manufacturers such as Owens Corning (US), Rockwool A/S (Denmark), Covestro AG (Germany), Armacell (Luxembourg), Huntsman Corporation (US), Saint-Gobain ISOVER (France), Rogers Corporation (US), Recticel Group (Belgium), Aspen Aerogels Inc (US), Morgan Advanced Materials plc (UK), Knauf Insulation (US), Johns Manville (US), China Jushi Co., Ltd (China), Huamei Energy-saving Technology Group Co., Ltd (China), L’Isolante K-Flex S.p.A (Italy),  and Kingspan Group (Ireland).

OEM断熱材市場 - 2030年までの世界予測 ECOSYSTEM
oem-insulation-market-Ecosystem

Research Coverage

The market analysis encompasses the OEM insulation sector across multiple segments. The objective is to estimate the market size and growth potential across various segments by material type, end-use, and region. The research incorporates a comprehensive competitive analysis of major market participants, their corporate profiles, and significant insights about their products and business offerings, recent developments, and key growth strategies implemented to strengthen their position in the OEM insulation market.

Reasons to Buy the Report

The report aims to assist market leaders and new entrants by providing information on the revenue estimates for the overall OEM insulation market, including its segments and sub-segments. This report aims to assist stakeholders in comprehending the market’s competitive landscape and acquiring insights to enhance their business positions and formulate effective go-to-market strategies. The report helps stakeholders understand market dynamics and offers insights into key drivers, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (increasing advancement of HVAC equipment), restraints (stringent environmental regulations related to polyurethane foam), opportunities (increasing requirement for energy conservation), and challenges (fluctuating raw material costs) influencing the growth of the OEM Insulation market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the OEM Insulation market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the OEM Insulation market across varied regions.
  • Market Diversification: Exhaustive information about new products, various insulation types, untapped geographies, recent developments, and investments in the OEM Insulation market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players such as Saint-Gobain ISOVER (France), Owens Corning (US), Rockwool A/S (Denmark), Covestro AG (Germany), and Knauf Insulation (US), among others in the OEM Insulation market.

Table of Contents

1               INTRODUCTION              22

1.1           STUDY OBJECTIVES       22

1.2           MARKET DEFINITION   22

1.3           STUDY SCOPE   23

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      23

1.3.2        INCLUSIONS AND EXCLUSIONS 23

1.3.3        YEARS CONSIDERED      24

1.3.4        CURRENCY CONSIDERED            24

1.3.5        UNITS CONSIDERED      24

1.4           LIMITATIONS    24

1.5           STAKEHOLDERS               25

1.6           SUMMARY OF CHANGES               25

2               RESEARCH METHODOLOGY       26

2.1           RESEARCH DATA              26

2.1.1        SECONDARY DATA          27

2.1.1.1    Key data from secondary sources       27

2.1.2        PRIMARY DATA 28

2.1.2.1    Key data from primary sources           28

2.1.2.2    List of primary participants 28

2.1.2.3    Key industry insights           29

2.1.2.4    Breakdown of interviews with experts               29

2.2           MARKET SIZE ESTIMATION         30

2.2.1        CALCULATIONS FOR SUPPLY-SIDE ANALYSIS    32

2.2.2        MARKET ENGINEERING PROCESS            32

2.2.3        BOTTOM-UP APPROACH              32

2.2.4        TOP-DOWN APPROACH                33

2.3           MARKET BREAKDOWN AND DATA TRIANGULATION                 34

2.4           STUDY ASSUMPTIONS  35

2.5           RISK ASSESSMENT           35

2.6           RESEARCH LIMITATIONS             35

3               EXECUTIVE SUMMARY  36

4               PREMIUM INSIGHTS       40

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN OEM INSULATION MARKET   40

4.2           OEM INSULATION MARKET, BY REGION               40

4.3           OEM INSULATION MARKET IN NORTH AMERICA, BY MATERIAL TYPE AND COUNTRY               41

4.4           OEM INSULATION MARKET: GROWTH RATES OF MAJOR COUNTRIES        41

5               MARKET OVERVIEW       42

5.1           INTRODUCTION              42

5.2           MARKET DYNAMICS       43

5.2.1        DRIVERS               43

5.2.1.1    Technological advancements in HVAC equipment in construction sector               43

5.2.1.2    High adoption of air-conditioning technology for public transport vehicles  44

5.2.2        RESTRAINTS      45

5.2.2.1    Unorganized OEM insulation market in Asia Pacific countries disrupting value chain          45

5.2.2.2    Stringent environmental regulations related to manufacture of polyurethane foam                45

5.2.3        OPPORTUNITIES              45

5.2.3.1    Stringent regulations mandating use of insulation materials for energy conservation              45

5.2.3.2    Substitution of legacy materials by eco-friendly flexible elastomeric foam  46

5.2.4        CHALLENGES    46

5.2.4.1    Fluctuating raw material costs leading to pricing pressures on OEMs     46

5.3           PORTER’S FIVE FORCES ANALYSIS           47

5.3.1        INTENSITY OF COMPETITIVE RIVALRY 48

5.3.2        BARGAINING POWER OF BUYERS             48

5.3.3        BARGAINING POWER OF SUPPLIERS       48

5.3.4        THREAT OF SUBSTITUTES          48

5.3.5        THREAT OF NEW ENTRANTS      48

5.4           KEY STAKEHOLDERS AND BUYING CRITERIA     49

5.4.1        KEY STAKEHOLDERS IN BUYING PROCESS           49

5.4.2        BUYING CRITERIA           50

5.5           VALUE CHAIN ANALYSIS               51

5.5.1        RAW MATERIAL SUPPLIERS         51

5.5.2        OEM INSULATION MANUFACTURERS    51

5.5.3        OEM INSULATION DISTRIBUTORS           52

5.5.4        OEM INSULATION PRODUCT FABRICATORS/CONVERTERS     52

5.6           ECOSYSTEM ANALYSIS  52

5.6.1        KEY TECHNOLOGIES     53

5.6.1.1    Aerogel insulation technology            53

5.6.2        COMPLEMENTARY TECHNOLOGY           54

5.6.2.1    Phase-change material insulation      54

5.6.3        ADJACENT TECHNOLOGY           54

5.6.3.1    Vacuum insulation panels   54

5.7           CASE STUDY ANALYSIS 54

5.7.1        KNAUF INSULATION’S NOISE REDUCTION SOLUTION AT ŠKOFJA LOKA PRODUCTION PLANT                 54

5.7.2        SUSTAINABLE PLASTIC INSULATION PRODUCTS – ENVIRONMENTAL AND HEALTH IMPACTS          55

5.7.3        3M’S INNOVATION IN ACOUSTIC INSULATION FOR AUTOMOTIVE APPLICATIONS  56

5.8           PATENT ANALYSIS          57

5.8.1        METHODOLOGY              57

5.8.2        LIST OF MAJOR PATENTS             58

5.9           KEY CONFERENCES AND EVENTS, 2025–2026        59

5.10         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            60

5.11         TRADE ANALYSIS             61

5.11.1      IMPORT SCENARIO (HS CODE 680610)    61

5.11.2      EXPORT SCENARIO (HS CODE 680610)    62

5.12         TARIFF AND REGULATORY LANDSCAPE               63

5.12.1      INTRODUCTION              63

5.12.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             63

5.13         OEM INSULATION PRICING ANALYSIS   66

5.13.1      AVERAGE SELLING PRICE TREND OF OEM INSULATION FOR MINERAL WOOL MATERIAL TYPE, 2020–2024              66

5.13.2      AVERAGE SELLING PRICE TREND OF OEM INSULATION FOR PUF MATERIAL TYPE, 2020–2024       67

5.13.3      AVERAGE SELLING PRICE TREND FOR OEM INSULATION FLEXIBLE ELASTOMERIC FOAM BY NITRILE BUTADIENE RUBBER (NBR) AND NATURAL RUBBER (NR), BY REGION, 2022–2024           68

5.13.4      AVERAGE SELLING PRICE OF KEY PLAYERS, 2023                 69

5.14         IMPACT OF AI/GEN AI ON OEM INSULATION MARKET: REVOLUTIONIZING EFFICIENCY AND INNOVATION       71

5.15         GLOBAL MACROECONOMIC OUTLOOK                72

5.16         INVESTMENT AND FUNDING SCENARIO               75

6               OEM INSULATION PRODUCTS MARKET, BY END USE                 76

6.1           INTRODUCTION              77

6.2           TRANSPORTATION         78

6.2.1        RAPID ADVANCEMENTS IN AUTOMOTIVE, AEROSPACE, MARINE, AND RAILWAY TECHNOLOGIES TO DRIVE MARKET                 78

6.2.2        AEROSPACE & DEFENSE                79

6.2.3        AUTOMOTIVE   80

6.2.4        OTHER TRANSPORTATION END USES   80

6.3           INDUSTRIAL & COMMERCIAL    80

6.3.1        RISING DEMAND FOR THERMAL, ACOUSTIC, AND FIRE-RESISTANT SOLUTIONS TO BOOST MARKET      80

6.4           CONSUMER        81

6.4.1        INCREASING INTEGRATION OF OEM INSULATION IN CONSUMER GOODS TO PROPEL MARKET            81

7               OEM INSULATION PRODUCTS MARKET, BY INSULATION TYPE          83

7.1           INTRODUCTION              83

7.2           THERMAL INSULATION                83

7.2.1        RISE IN DEVELOPMENT OF GREEN BUILDINGS TO BOOST DEMAND             83

7.3           ACOUSTIC INSULATION               83

7.3.1        INCREASING DEMAND IN EMERGING NATIONS TO PROPEL MARKET             83

8               OEM INSULATION MARKET, BY MATERIAL TYPE                 84

8.1           INTRODUCTION              85

8.2           MINERAL WOOL               86

8.2.1        DEMAND FOR COST AND ENERGY-EFFICIENT BUILDINGS TO BOOST MARKET                86

8.2.2        FIBERGLASS       86

8.2.3        STONE WOOL   86

8.3           POLYURETHANE FOAM (PUF)   87

8.3.1        INCREASING DEMAND FOR BIO-BASED PUF IN INSULATION TO FUEL GROWTH               87

8.4           FLEXIBLE ELASTOMERIC FOAM (FEF)    88

8.4.1        INCREASING INSTALLATION OF HVAC SYSTEMS TO DRIVE DEMAND               88

8.5           OTHER MATERIAL TYPES             89

9               OEM INSULATION MARKET, BY REGION               91

9.1           INTRODUCTION              92

9.2           NORTH AMERICA             93

9.2.1        US           96

9.2.1.1    Investments, technological advancements, regulatory support, and sustainability trends to drive market          96

9.2.2        CANADA               97

9.2.2.1    Government incentives, expanding electric vehicle manufacturing, and growing emphasis on sustainability to propel market                 97

9.2.3        MEXICO                98

9.2.3.1    Key manufacturing hub and expanding industrial sector to propel demand  98

9.3           EUROPE               99

9.3.1        FRANCE                102

9.3.1.1    Stringent energy efficiency regulations, technological advancements, and decarbonization goals to boost market            102

9.3.2        RUSSIA 103

9.3.2.1    Growth of industrial sector to fuel demand      103

9.3.3        GERMANY           104

9.3.3.1    Investments in chemical and petrochemical industry to fuel market    104

9.3.4        ITALY    105

9.3.4.1    Investments in industrial efficiency and sustainable manufacturing to drive market           105

9.3.5        UK          106

9.3.5.1    Investments in energy efficiency and sustainability to boost market    106

9.3.6        REST OF EUROPE             107

9.4           ASIA PACIFIC     108

9.4.1        CHINA  111

9.4.1.1    Energy transition and industrial growth to fuel market 111

9.4.2        JAPAN   112

9.4.2.1    Rise in exports of chemical-based products to drive market                 112

9.4.3        INDIA    113

9.4.3.1    Growing urban population and commercial building sector to boost market          113

9.4.4        SOUTH KOREA  114

9.4.4.1    Increase in exports of electronics and technological advancements to propel consumption               114

9.4.5        REST OF ASIA PACIFIC   115

9.5           REST OF THE WORLD    116

9.5.1        SAUDI ARABIA  118

9.5.1.1    Promotion of energy efficiency to drive market               118

9.5.2        UAE        119

9.5.2.1    Growth of major end-use industries to boost market     119

9.5.3        BRAZIL 120

9.5.3.1    Dominance of polyurethane foam market to drive growth                 120

9.5.4        OTHER COUNTRIES        121

10            COMPETITIVE LANDSCAPE         123

10.1         INTRODUCTION              123

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2018–2024                 123

10.3         REVENUE ANALYSIS, 2019–2023  125

10.4         MARKET SHARE ANALYSIS, 2023                 126

10.5         BRAND COMPARISON ANALYSIS               129

10.6         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 130

10.6.1      STARS   130

10.6.2      EMERGING LEADERS     130

10.6.3      PERVASIVE PLAYERS      130

10.6.4      PARTICIPANTS 130

10.6.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         132

10.6.5.1  Company footprint               132

10.6.5.2  Region footprint   133

10.6.5.3  Material type footprint         134

10.6.5.4  Insulation type footprint      135

10.6.5.5  End use footprint  136

10.7         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        137

10.7.1      PROGRESSIVE COMPANIES         137

10.7.2      RESPONSIVE COMPANIES            137

10.7.3      DYNAMIC COMPANIES  137

10.7.4      STARTING BLOCKS         137

10.7.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 139

10.7.5.1  Detailed list of key startups/SMEs    139

10.7.5.2  Competitive benchmarking of key startups/SMEs          140

10.8         COMPANY VALUATION AND FINANCIAL METRICS                 141

10.8.1      COMPANY VALUATION 141

10.8.2      FINANCIAL METRICS      142

10.9         COMPETITIVE SCENARIO             143

10.9.1      PRODUCT LAUNCHES   143

10.9.2      DEALS  144

10.9.3      EXPANSIONS     145

11            COMPANY PROFILES      147

11.1         KEY PLAYERS     147

11.1.1      OWENS CORNING            147

11.1.1.1  Business overview 147

11.1.1.2  Products/Solutions/Services offered 148

11.1.1.3  Recent developments           149

11.1.1.3.1                Product launches  149

11.1.1.3.2                Deals      149

11.1.1.4  MnM view              150

11.1.1.4.1                Right to win           150

11.1.1.4.2                Strategic choices   150

11.1.1.4.3                Weaknesses and competitive threats 150

11.1.2      ROCKWOOL A/S               151

11.1.2.1  Business overview 151

11.1.2.2  Products/Solutions/Services offered 152

11.1.2.3  Recent developments           153

11.1.2.3.1                Product launches  153

11.1.2.3.2                Deals      153

11.1.2.3.3                Expansions             154

11.1.2.4  MnM view              155

11.1.2.4.1                Right to win           155

11.1.2.4.2                Strategic choices   155

11.1.2.4.3                Weaknesses and competitive threats 155

11.1.3      COVESTRO AG  156

11.1.3.1  Business overview 156

11.1.3.2  Products/Solutions/Services offered 157

11.1.3.3  Recent developments           158

11.1.3.3.1                Deals      158

11.1.3.3.2                Expansions             159

11.1.3.4  MnM view              159

11.1.3.4.1                Right to win           159

11.1.3.4.2                Strategic choices   159

11.1.3.4.3                Weaknesses and competitive threats 159

11.1.4      SAINT-GOBAIN ISOVER 160

11.1.4.1  Business overview 160

11.1.4.2  Products/Solutions/Services offered 161

11.1.4.3  Recent developments           162

11.1.4.3.1                Deals      162

11.1.4.4  MnM view              163

11.1.4.4.1                Right to win           163

11.1.4.4.2                Strategic choices   163

11.1.4.4.3                Weaknesses and competitive threats 163

11.1.5      KNAUF INSULATION      164

11.1.5.1  Business overview 164

11.1.5.2  Products/Solutions/Services offered 164

11.1.5.3  Recent developments           165

11.1.5.3.1                Other developments             165

11.1.5.4  MnM view              165

11.1.5.4.1                Right to win           165

11.1.5.4.2                Strategic choices   165

11.1.5.4.3                Weaknesses and competitive threats 165

11.1.6      ARMACELL          166

11.1.6.1  Business overview 166

11.1.6.2  Products/Solutions/Services offered 167

11.1.6.3  Recent developments           168

11.1.6.3.1                Product launches  168

11.1.6.3.2                Deals      168

11.1.7      KINGSPAN GROUP           170

11.1.7.1  Business overview 170

11.1.7.2  Products/Solutions/Services offered 171

11.1.7.3  Recent developments           172

11.1.7.3.1                Product launches  172

11.1.7.3.2                Deals      173

11.1.8      JOHNS MANVILLE            174

11.1.8.1  Business overview 174

11.1.8.2  Products/Solutions/Services offered 174

11.1.8.3  Recent developments           175

11.1.8.3.1                Product launches  175

11.1.8.3.2                Expansions             176

11.1.9      L’ISOLANTE K-FLEX S.P.A.            177

11.1.9.1  Business overview 177

11.1.9.2  Products/Solutions/Services offered 177

11.1.9.3  Recent developments           178

11.1.9.3.1                Product launches  178

11.1.9.3.2                Expansions             178

11.1.10   HUNTSMAN CORPORATION       179

11.1.10.1                 Business overview 179

11.1.10.2                 Products/Solutions/Services offered 180

11.1.10.3                 Recent developments           181

11.1.10.3.1             Product launches  181

11.1.10.3.2             Deals      182

11.1.10.3.3             Expansions             182

11.1.11   ROGERS CORPORATION               183

11.1.11.1                 Business overview 183

11.1.11.2                 Products/Solutions/Services offered 184

11.1.11.3                 Recent developments           185

11.1.11.3.1             Product launches  185

11.1.11.3.2             Deals      185

11.1.11.3.3             Expansions             186

11.1.12   RECTICEL GROUP            187

11.1.12.1                 Business overview 187

11.1.12.2                 Products/Solutions/Services offered 188

11.1.12.3                 Recent developments           188

11.1.12.3.1             Deals      188

11.1.13   ASPEN AEROGELS, INC. 189

11.1.13.1                 Business overview 189

11.1.13.2                 Products/Solutions/Services offered 190

11.1.14   MORGAN ADVANCED MATERIALS PLC  192

11.1.14.1                 Business overview 192

11.1.14.2                 Products/Solutions/Services offered 193

11.1.15   CHINA JUSHI CO., LTD  194

11.1.15.1                 Business overview 194

11.1.15.2                 Products/Solutions/Services offered 194

11.1.15.3                 Recent developments           195

11.1.15.3.1             Product launches  195

11.1.15.3.2             Expansions             195

11.1.16   HUAMEI ENERGY-SAVING TECHNOLOGY GROUP CO., LTD        196

11.1.16.1                 Business overview 196

11.1.16.2                 Products/Solutions/Services offered 196

11.1.16.3                 Recent developments           197

11.1.16.3.1             Expansions             197

11.2         OTHER PLAYERS              198

11.2.1      SCOTT MANUFACTURING, LLC 198

11.2.1.1  Company overview                198

11.2.2      VERSALIS S.P.A. 198

11.2.2.1  Company overview                198

11.2.3      ARTIK/OEM        199

11.2.3.1  Company overview                199

11.2.4      HIRA INDUSTRIES LLC   200

11.2.4.1  Company overview                200

11.2.5      AEROFLEX COMPANY LIMITED 201

11.2.5.1  Company overview                201

11.2.6      WINCELL INSULATION CO., LTD.              202

11.2.6.1  Company overview                202

11.2.7      ANCO PRODUCTS            203

11.2.7.1  Company overview                203

11.2.8      PALZIV INC         204

11.2.8.1  Company overview                204

11.2.9      ALKEGEN             205

11.2.9.1  Company overview                205

12            ADJACENT AND RELATED MARKETS      206

12.1         INTRODUCTION              206

12.2         LIMITATIONS    206

12.3         INTERCONNECTED MARKETS   206

12.3.1      TECHNICAL INSULATION MARKET – GLOBAL FORECAST TO 2028          206

12.3.1.1  Market definition 206

12.3.1.2  Market overview   206

12.3.1.3  Technical insulation market, by material type 207

12.3.1.3.1                Hot insulation       208

12.3.1.3.1.1            Increasing energy conservation initiatives in high-temperature industries to drive market             208

12.3.1.3.2                Cold flexible insulation        208

12.3.1.3.2.1            Rising adoption in cryogenic and HVAC applications to drive market          208

12.3.1.3.3                Cold rigid insulation             208

12.3.1.3.3.1            Demand for thermal stability and durability in sub-zero applications to boost growth               208

13            APPENDIX           209

13.1         DISCUSSION GUIDE        209

13.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                212

13.3         CUSTOMIZATION OPTIONS        214

13.4         RELATED REPORTS         214

13.5         AUTHOR DETAILS           215

LIST OF TABLES

TABLE 1                OEM INSULATION MARKET: STUDY ASSUMPTIONS  35

TABLE 2                OEM INSULATION MARKET SNAPSHOT, 2024 AND 2030              37

TABLE 3                OEM INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS           47

TABLE 4                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MAJOR END USES (%)       49

TABLE 5                KEY BUYING CRITERIA FOR TOP THREE END USES      50

TABLE 6                OEM INSULATION: ECOSYSTEM                53

TABLE 7                LIST OF MAJOR PATENTS             58

TABLE 8                OEM INSULATION MARKET: KEY CONFERENCES AND EVENTS, 2025–2026                 59

TABLE 9                TARIFFS RELATED TO OEM INSULATION MARKET               63

TABLE 10              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             63

TABLE 11              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 64

TABLE 12              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 65

TABLE 13              AVERAGE SELLING PRICE TREND OF OEM INSULATION FOR MINERAL WOOL, 2020–2024 (USD/SQ. FT.)                 66

TABLE 14              AVERAGE SELLING PRICE TREND OF OEM INSULATION FOR PUF,

2020–2024 (USD/KG)        67

TABLE 15              AVERAGE SELLING PRICE TREND OF OEM INSULATION FOR FEF,

2020–2022 (CUBIC METER)            68

TABLE 16              AVERAGE SELLING PRICE OF KEY PLAYERS, 2023 (USD/SQ. FT.)    69

TABLE 17              AVERAGE SELLING PRICE TREND OF OEM INSULATION MATERIAL FOR FEF,

BY REGION. 2022-2024 (CUBIC METERS) 70

TABLE 18              REAL GDP GROWTH (ANNUAL PERCENTAGE CHANGE), BY COUNTRY, 2021–2023          73

TABLE 19              UNEMPLOYMENT RATE, BY COUNTRY, 2021–2023        73

TABLE 20              INFLATION RATE (AVERAGE CONSUMER PRICES), BY COUNTRY, 2021–2023              74

TABLE 21              FOREIGN DIRECT INVESTMENT, 2022–2023                 74

TABLE 22              OEM INSULATION MARKET, BY END USE, 2019–2023 (USD MILLION)       77

TABLE 23              OEM INSULATION MARKET, BY END USE, 2024–2030 (USD MILLION)       77

TABLE 24              OEM INSULATION MARKET IN TRANSPORTATION, BY END USE,

2019–2023 (USD MILLION)            78

TABLE 25              OEM INSULATION MARKET IN TRANSPORTATION, BY END USE,

2024–2030 (USD MILLION)            79

TABLE 26              OEM INSULATION MARKET IN TRANSPORTATION END USE, BY REGION,

2019–2023 (USD MILLION)            79

TABLE 27              OEM INSULATION MARKET IN TRANSPORTATION END USE, BY REGION,

2024–2030 (USD MILLION)            79

TABLE 28              OEM INSULATION MARKET IN INDUSTRIAL & COMMERCIAL END USE, BY REGION, 2019–2023 (USD MILLION)                 81

TABLE 29              OEM INSULATION MARKET IN INDUSTRIAL & COMMERCIAL END USE, BY REGION, 2024–2030 (USD MILLION)                 81

TABLE 30              OEM INSULATION MARKET IN CONSUMER END USE, BY REGION,

2019–2023 (USD MILLION)            82

TABLE 31              OEM INSULATION MARKET IN CONSUMER END USE, BY REGION,

2024–2030 (USD MILLION)            82

TABLE 32             OEM INSULATION MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)            85

TABLE 33             OEM INSULATION MARKET, BY MATERIAL TYPE, 2024–2030 (USD MILLION)            86

TABLE 34              OEM INSULATION MARKET IN MINERAL WOOL, BY REGION,

2019–2023 (USD MILLION)            87

TABLE 35              OEM INSULATION MARKET IN MINERAL WOOL, BY REGION,

2024–2030 (USD MILLION)            87

TABLE 36              OEM INSULATION MARKET IN POLYURETHANE FOAM, BY REGION,

2019–2023 (USD MILLION)            88

TABLE 37              OEM INSULATION MARKET IN POLYURETHANE FOAM, BY REGION,

2024–2030 (USD MILLION)            88

TABLE 38              OEM INSULATION MARKET IN FLEXIBLE ELASTOMERIC FOAM, BY REGION,

2019–2023 (USD MILLION)            89

TABLE 39              OEM INSULATION MARKET IN FLEXIBLE ELASTOMERIC FOAM, BY REGION,

2024–2030 (USD MILLION)            89

TABLE 40              OEM INSULATION MARKET IN OTHER MATERIAL TYPES, BY REGION,

2019–2023 (USD MILLION)            89

TABLE 41              OEM INSULATION MARKET IN OTHER MATERIAL TYPES, BY REGION,

2024–2030 (USD MILLION)            90

TABLE 42              OEM INSULATION MARKET, BY REGION, 2019–2023 (USD MILLION)       92

TABLE 43              OEM INSULATION MARKET, BY REGION, 2024–2030 (USD MILLION)       93

TABLE 44              NORTH AMERICA: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            94

TABLE 45              NORTH AMERICA: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            95

TABLE 46              NORTH AMERICA: OEM INSULATION MARKET, BY END USE,

2019–2023 (USD MILLION)            95

TABLE 47              NORTH AMERICA: OEM INSULATION MARKET, BY END USE,

2024–2030 (USD MILLION)            95

TABLE 48              NORTH AMERICA: OEM INSULATION MARKET, BY COUNTRY,

2019–2023 (USD MILLION)            95

TABLE 49              NORTH AMERICA: OEM INSULATION MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            96

TABLE 50              US: OEM INSULATION MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)                96

TABLE 51              US: OEM INSULATION MARKET, BY MATERIAL TYPE, 2024–2030 (USD MILLION)                97

TABLE 52              CANADA: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            97

TABLE 53              CANADA: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            98

TABLE 54              MEXICO: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            98

TABLE 55              MEXICO: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            99

TABLE 56              EUROPE: OEM INSULATION MARKET, BY COUNTRY, 2019–2023 (USD MILLION)     100

TABLE 57              EUROPE: OEM INSULATION MARKET, BY COUNTRY, 2024–2030 (USD MILLION)     101

TABLE 58              EUROPE: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            101

TABLE 59              EUROPE: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            101

TABLE 60              EUROPE: OEM INSULATION MARKET, BY END USE, 2019–2023 (USD MILLION)  102

TABLE 61              EUROPE: OEM INSULATION MARKET, BY END USE, 2024–2030 (USD MILLION)  102

TABLE 62              FRANCE: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            103

TABLE 63              FRANCE: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            103

TABLE 64              RUSSIA: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            104

TABLE 65              RUSSIA: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            104

TABLE 66              GERMANY: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            105

TABLE 67              GERMANY: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            105

TABLE 68              ITALY: OEM INSULATION MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)         106

TABLE 69              ITALY: OEM INSULATION MARKET, BY MATERIAL TYPE, 2024–2030 (USD MILLION)         106

TABLE 70              UK: OEM INSULATION MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)                107

TABLE 71              UK: OEM INSULATION MARKET, BY MATERIAL TYPE, 2024–2030 (USD MILLION)                107

TABLE 72              REST OF EUROPE: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            107

TABLE 73              REST OF EUROPE: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            108

TABLE 74              ASIA PACIFIC: OEM INSULATION MARKET, BY COUNTRY,

2019–2023 (USD MILLION)            109

TABLE 75              ASIA PACIFIC: OEM INSULATION MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            110

TABLE 76              ASIA PACIFIC: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            110

TABLE 77              ASIA PACIFIC: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            110

TABLE 78              ASIA PACIFIC: OEM INSULATION MARKET, BY END USE,

2019–2023 (USD MILLION)            111

TABLE 79              ASIA PACIFIC: OEM INSULATION MARKET, BY END USE,

2024–2030 (USD MILLION)            111

TABLE 80              CHINA: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            112

TABLE 81              CHINA: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            112

TABLE 82              JAPAN: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            113

TABLE 83              JAPAN: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            113

TABLE 84              INDIA: OEM INSULATION MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)         114

TABLE 85              INDIA: OEM INSULATION MARKET, BY MATERIAL TYPE, 2024–2030 (USD MILLION)         114

TABLE 86              SOUTH KOREA: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            115

TABLE 87              SOUTH KOREA: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            115

TABLE 88              REST OF ASIA PACIFIC: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            115

TABLE 89              REST OF ASIA PACIFIC: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            116

TABLE 90              REST OF THE WORLD: OEM INSULATION MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          116

TABLE 91              REST OF THE WORLD: OEM INSULATION MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            116

TABLE 92              REST OF THE WORLD: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            117

TABLE 93              REST OF THE WORLD: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            117

TABLE 94              REST OF THE WORLD: OEM INSULATION MARKET, BY END USE,

2019–2023 (USD MILLION)            117

TABLE 95              REST OF THE WORLD: OEM INSULATION MARKET, BY END USE,

2024–2030 (USD MILLION)            118

TABLE 96              SAUDI ARABIA: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            118

TABLE 97              SAUDI ARABIA: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            119

TABLE 98              UAE: OEM INSULATION MARKET, BY MATERIAL TYPE, 2019–2023 (USD MILLION)                119

TABLE 99              UAE: OEM INSULATION MARKET, BY MATERIAL TYPE, 2024–2030 (USD MILLION)                120

TABLE 100            BRAZIL: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            120

TABLE 101            BRAZIL: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            121

TABLE 102            OTHER COUNTRIES: OEM INSULATION MARKET, BY MATERIAL TYPE,

2019–2023 (USD MILLION)            121

TABLE 103            OTHER COUNTRIES: OEM INSULATION MARKET, BY MATERIAL TYPE,

2024–2030 (USD MILLION)            122

TABLE 104            OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN OEM INSULATION MARKET, 2018–2024           123

TABLE 105            OEM INSULATION MARKET: DEGREE OF COMPETITION 127

TABLE 106            OEM INSULATION MARKET: REGION FOOTPRINT       133

TABLE 107            OEM INSULATION MARKET: MATERIAL TYPE FOOTPRINT       134

TABLE 108            OEM INSULATION MARKET: INSULATION TYPE FOOTPRINT       135

TABLE 109            OEM INSULATION MARKET: END USE FOOTPRINT       136

TABLE 110            OEM INSULATION MARKET: DETAILED LIST OF KEY STARTUPS/SMES    139

TABLE 111            OEM INSULATION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          140

TABLE 112            OEM INSULATION MARKET: PRODUCT LAUNCHES,

JANUARY 2018–DECEMBER 2024 143

TABLE 113            OEM INSULATION MARKET: DEALS, JANUARY 2018–DECEMBER 2024     144

TABLE 114            OEM INSULATION MARKET: EXPANSIONS, JANUARY 2018–DECEMBER 2024 145

TABLE 115            OWENS CORNING: COMPANY OVERVIEW                 147

TABLE 116            OWENS CORNING: PRODUCTS/SOLUTIONS/SERVICES OFFERED    148

TABLE 117            OWENS CORNING: PRODUCT LAUNCHES, JANUARY 2018–DECEMBER 2024 149

TABLE 118            OWENS CORNING: DEALS, JANUARY 2018–DECEMBER 2024                149

TABLE 119            ROCKWOOL A/S: COMPANY OVERVIEW                 151

TABLE 120            ROCKWOOL A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED    152

TABLE 121            ROCKWOOL A/S: PRODUCT LAUNCHES, JANUARY 2018–DECEMBER 2024 153

TABLE 122            ROCKWOOL A/S: DEALS, JANUARY 2018–DECEMBER 2024                153

TABLE 123            ROCKWOOL A/S: EXPANSIONS, JANUARY 2018–DECEMBER 2024                154

TABLE 124            COVESTRO AG: COMPANY OVERVIEW   156

TABLE 125            COVESTRO AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED    157

TABLE 126            COVESTRO AG: DEALS, JANUARY 2018–DECEMBER 2024                158

TABLE 127            COVESTRO AG: EXPANSIONS, JANUARY 2018–DECEMBER 2024                159

TABLE 128            SAINT-GOBAIN ISOVER: COMPANY OVERVIEW                 160

TABLE 129            SAINT-GOBAIN ISOVER: PRODUCTS/SOLUTIONS/SERVICES OFFERED    161

TABLE 130            SAINT-GOBAIN ISOVER: DEALS, JANUARY 2018–DECEMBER 2024                162

TABLE 131            KNAUF INSULATION: COMPANY OVERVIEW                 164

TABLE 132            KNAUF INSULATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    164

TABLE 133            KNAUF INSULATION: OTHER DEVELOPMENTS, JANUARY 2018–DECEMBER 2024 165

TABLE 134            ARMACELL: COMPANY OVERVIEW          166

TABLE 135            ARMACELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED             167

TABLE 136            ARMACELL: PRODUCT LAUNCHES, JANUARY 2018–DECEMBER 2024     168

TABLE 137            ARMACELL: DEALS, JANUARY 2018–DECEMBER 2024        168

TABLE 138            KINGSPAN GROUP: COMPANY OVERVIEW                 170

TABLE 139            KINGSPAN GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    171

TABLE 140            KINGSPAN GROUP: PRODUCT LAUNCHES, JANUARY 2018–DECEMBER 2024 172

TABLE 141            KINGSPAN GROUP: DEALS, JANUARY 2018–DECEMBER 2024                173

TABLE 142            JOHNS MANVILLE: COMPANY OVERVIEW                 174

TABLE 143            JOHNS MANVILLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED    174

TABLE 144            JOHNS MANVILLE: PRODUCT LAUNCHES, JANUARY 2018–DECEMBER 2024 175

TABLE 145            JOHNS MANVILLE: EXPANSIONS, JANUARY 2018–DECEMBER 2024                176

TABLE 146            L’ISOLANTE K-FLEX S.P.A.: COMPANY OVERVIEW          177

TABLE 147            L’ISOLANTE K-FLEX S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    177

TABLE 148            L’ISOLANTE K-FLEX S.P.A.: PRODUCT LAUNCHES,

JANUARY 2018–DECEMBER 2024               178

TABLE 149            L’ISOLANTE K-FLEX S.P.A: EXPANSIONS, JANUARY 2018–DECEMBER 2024 178

TABLE 150            HUNTSMAN CORPORATION: COMPANY OVERVIEW          179

TABLE 151            HUNTSMAN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    180

TABLE 152            HUNTSMAN CORPORATION: PRODUCT LAUNCHES,

JANUARY 2018–DECEMBER 2024 181

TABLE 153            HUNTSMAN CORPORATION: DEALS, JANUARY 2018–DECEMBER 2024     182

TABLE 154            HUNTSMAN CORPORATION: EXPANSIONS, JANUARY 2018–DECEMBER 2024 182

TABLE 155            ROGERS CORPORATION: COMPANY OVERVIEW                 183

TABLE 156            ROGERS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    184

TABLE 157            ROGERS CORPORATION: PRODUCT LAUNCHES, JANUARY 2018–DECEMBER 2024 185

TABLE 158            ROGERS CORPORATION: DEALS, JANUARY 2018–DECEMBER 2024                185

TABLE 159            ROGERS CORPORATION: EXPANSIONS, JANUARY 2018–DECEMBER 2024 186

TABLE 160            RECTICEL GROUP: COMPANY OVERVIEW                 187

TABLE 161            RECTICEL GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    188

TABLE 162            RECTICEL GROUP: DEALS, JANUARY 2018–DECEMBER 2024                188

TABLE 163            ASPEN AEROGELS, INC.: COMPANY OVERVIEW                 189

TABLE 164            ASPEN AEROGELS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    190

TABLE 165            MORGAN ADVANCED MATERIALS PLC: COMPANY OVERVIEW   192

TABLE 166            MORGAN ADVANCED MATERIALS PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    193

TABLE 167            CHINA JUSHI CO., LTD: COMPANY OVERVIEW                 194

TABLE 168            CHINA JUSHI CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED    194

TABLE 169            CHINA JUSHI CO., LTD.: PRODUCT LAUNCHES, JANUARY 2018–DECEMBER 2024 195

TABLE 170            CHINA JUSHI CO., LTD: EXPANSIONS, JANUARY 2018–DECEMBER 2024     195

TABLE 171            HUAMEI ENERGY-SAVING TECHNOLOGY GROUP CO., LTD: COMPANY OVERVIEW               196

TABLE 172            HUAMEI ENERGY-SAVING TECHNOLOGY GROUP CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED                 196

TABLE 173            HUAMEI ENERGY-SAVING TECHNOLOGY GROUP CO., LTD: EXPANSIONS, JANUARY 2018–DECEMBER 2024                 197

TABLE 174            SCOTT MANUFACTURING, LLC: COMPANY OVERVIEW          198

TABLE 175            VERSALIS S.P.A.: COMPANY OVERVIEW 198

TABLE 176            ARTIK/OEM: COMPANY OVERVIEW         199

TABLE 177            HIRA INDUSTRIES LLC: COMPANY OVERVIEW                 200

TABLE 178            AEROFLEX COMPANY LIMITED: COMPANY OVERVIEW          201

TABLE 179            WINCELL INSULATION CO., LTD.: COMPANY OVERVIEW          202

TABLE 180            ANCO PRODUCTS: COMPANY OVERVIEW                 203

TABLE 181            PALZIV INC: COMPANY OVERVIEW          204

TABLE 182            ALKEGEN: COMPANY OVERVIEW             205

TABLE 183            TECHNICAL INSULATION MARKET, BY MATERIAL, 2019–2021 (USD MILLION)    207

TABLE 184            TECHNICAL INSULATION MARKET, BY MATERIAL, 2022–2028 (USD MILLION)    207

LIST OF FIGURES

FIGURE 1              OEM INSULATION MARKET SEGMENTATION                 23

FIGURE 2              OEM INSULATION MARKET: RESEARCH DESIGN                 26

FIGURE 3              METHODOLOGY FOR DEMAND-SIDE SIZING OF OEM INSULATION MARKET        30

FIGURE 4              METHODOLOGY FOR SUPPLY-SIDE SIZING OF OEM INSULATION MARKET (1/2)              31

FIGURE 5              METHODOLOGY FOR SUPPLY-SIDE SIZING OF OEM INSULATION MARKET (2/2)              31

FIGURE 6              MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH         32

FIGURE 7              MARKET SIZE ESTIMATION: TOP-DOWN APPROACH         33

FIGURE 8              MARKET BREAKDOWN AND DATA TRIANGULATION             34

FIGURE 9              FLEXIBLE ELASTOMERIC FOAM SEGMENT TO GROW AT HIGHEST CAGR IN OEM INSULATION MARKET DURING FORECAST PERIOD       37

FIGURE 10            TRANSPORTATION SEGMENT TO DOMINATE OEM INSULATION MARKET DURING FORECAST PERIOD                 38

FIGURE 11            EUROPE ACCOUNTED FOR LARGEST SHARE OF OEM INSULATION MARKET        39

FIGURE 12            SIGNIFICANT INCREASE IN DEMAND IN ASIA PACIFIC TO BOOST MARKET      40

FIGURE 13            EUROPE WAS LARGEST MARKET IN 2023                 40

FIGURE 14            MINERAL WOOL AND US ACCOUNTED FOR LARGEST SHARES OF

NORTH AMERICA OEM INSULATION MARKET IN 2023    41

FIGURE 15            CANADA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD       41

FIGURE 16            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN OEM INSULATION MARKET      43

FIGURE 17            NOMINAL GLOBAL CONSTRUCTION SPEND, 2019–2028              44

FIGURE 18            OEM INSULATION MARKET: PORTER’S FIVE FORCES ANALYSIS           47

FIGURE 19            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MAJOR END USES               49

FIGURE 20            KEY BUYING CRITERIA FOR TOP THREE END USES      50

FIGURE 21            VALUE CHAIN ANALYSIS: OEM INSULATION MARKET               51

FIGURE 22            OEM INSULATION MARKET: ECOSYSTEM                 52

FIGURE 23            LIST OF MAJOR PATENTS FOR INSULATED PRODUCTS         57

FIGURE 24            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   60

FIGURE 25            IMPORT DATA FOR HS CODE 680610-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2019–2023 (USD THOUSAND)      61

FIGURE 26            EXPORT DATA FOR HS CODE 680610-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2019–2023 (USD THOUSAND)      62

FIGURE 27            AVERAGE SELLING PRICE TREND OF OEM INSULATION FOR MINERAL WOOL, 2020–2024     66

FIGURE 28            AVERAGE SELLING PRICE TREND OF OEM INSULATION FOR PUF MATERIAL TYPE, 2020–2024 (USD/KG)                 67

FIGURE 29            AVERAGE SELLING PRICE TREND FOR OEM INSULATION FLEXIBLE ELASTOMERIC FOAM BY NITRILE BUTADIENE RUBBER (NBR) AND NATURAL RUBBER (NR), BY REGION, 2022–2024           68

FIGURE 30            AVERAGE SELLING PRICE OF KEY PLAYERS, 2023                 69

FIGURE 31            AVERAGE SELLING PRICE TREND OF FLEXIBLE ELASTOMERIC FOAM (FEF),

BY REGION, 2022–2024    70

FIGURE 32            OEM INSULATION MARKET: INVESTMENT AND FUNDING SCENARIO,

2019–2024 (USD MILLION)            75

FIGURE 33            TRANSPORTATION END USE SEGMENT TO LEAD OEM INSULATION MARKET DURING FORECAST PERIOD                 77

FIGURE 34            FLEXIBLE ELASTOMERIC FOAM SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 85

FIGURE 35            EUROPE TO LEAD OEM INSULATION MARKET DURING FORECAST PERIOD       92

FIGURE 36            NORTH AMERICA: OEM INSULATION MARKET SNAPSHOT          94

FIGURE 37            EUROPE: OEM INSULATION MARKET SNAPSHOT          100

FIGURE 38            ASIA PACIFIC: OEM INSULATION MARKET SNAPSHOT          109

FIGURE 39            REVENUE ANALYSIS OF KEY PLAYERS IN OEM INSULATION MARKET, 2019–2023              126

FIGURE 40            MARKET SHARE ANALYSIS OF KEY PLAYERS IN OEM INSULATION MARKET, 2023              126

FIGURE 41            OEM INSULATION MARKET: BRAND COMPARATIVE ANALYSIS            129

FIGURE 42            OEM INSULATION MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023         131

FIGURE 43            OEM INSULATION MARKET: COMPANY FOOTPRINT       132

FIGURE 44            OEM INSULATION MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2023                138

FIGURE 45            COMPANY VALUATION OF KEY PLAYERS (USD BILLION)             141

FIGURE 46            EV/EBITDA OF KEY PLAYERS      142

FIGURE 47            YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK

BETA OF KEY MANUFACTURERS               142

FIGURE 48            OWENS CORNING: COMPANY SNAPSHOT                 148

FIGURE 49            ROCKWOOL A/S: COMPANY SNAPSHOT                 152

FIGURE 50            COVESTRO AG: COMPANY SNAPSHOT  157

FIGURE 51            SAINT-GOBAIN ISOVER: COMPANY SNAPSHOT                 161

FIGURE 52            ARMACELL: COMPANY SNAPSHOT          167

FIGURE 53            KINGSPAN GROUP: COMPANY SNAPSHOT                 171

FIGURE 54            HUNTSMAN CORPORATION: COMPANY SNAPSHOT          180

FIGURE 55            ROGERS CORPORATION: COMPANY SNAPSHOT                 184

FIGURE 56            RECTICEL GROUP: COMPANY SNAPSHOT                 187

FIGURE 57            ASPEN AEROGELS, INC.: COMPANY SNAPSHOT                 190

FIGURE 58            MORGAN ADVANCED MATERIALS PLC: COMPANY SNAPSHOT   192