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Insulation Market Report by Material Type (Polystyrene, Mineral Wool, Glass Wool, Polyurethane, Calcium Silicate, and Others), Function (Thermal, Acoustic, Electric, and Others), Form (Blanket, Foam, Board, Pipe, and Others), End Use Industry (Non-Residential, Residential, Industrial & Plant Equipment, HVAC Equipment, Appliances, Transport Equipment, and Others), and Region 2024-2032
Market Report I 2024-04-08 I 137 Pages I IMARC Group
The global insulation market size reached US$ 56.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 85.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.
Insulation refers to the process of obstructing heat, electricity and sound from entering or exiting a physical space. It is achieved through the installation of insulation materials that act as a barrier for energy flow. Insulators usually have low thermal conductivity and are available in the form of mineral wool, polyethylene, polystyrene, etc. Wood-based products including hardboard and wooden doors also aid in insulation, and spray foams and adhesive strips are used to fill gaps between tiles and windows. The insulation of an area assists in reducing energy costs and moisture condensation, as well as increasing the safety and protection quotient for the individuals. It also assists in minimizing heat loss from uninsulated valves and bare pipes inside buildings, along with reducing noise pollution.
Global Insulation Market Trends:
The thriving construction industry is one of the key factors driving the market growth. Over time, there has been a significant increase in industrial and residential construction projects, along with the strong growth in infrastructural development, especially in emerging nations. Furthermore, growing consumer awareness for energy conservation is also positively impacting the market growth. The rapid urbanization and increasing population have enhanced the demand for power and energy owing to which, insulation materials are being extensively incorporated in various construction projects. Additionally, there is a significant increase in the sales of cooling appliances such as air conditioners and refrigerators, which is further boosting the growth of the market. Insulation materials are increasingly being used in automobiles to minimize noise, vibrations and enhance sound absorptions. They also assist in the manufacturing of numerous parts including wiper cowls, roll pans and bumpers. Other factors such as technological advancements in thermal insulation, rising disposable incomes and various research and development (R&D) activities are also expected to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global insulation market report, along with forecasts at the global and regional levels from 2024-2032. Our report has categorized the market based on material type, function, form and end use industry.
Breakup by Material Type:
Polystyrene
Mineral Wool
Glass Wool
Polyurethane
Calcium Silicate
Others
Breakup by Function:
Thermal
Acoustic
Electric
Others
Breakup by Form:
Blanket
Foam
Board
Pipe
Others
Breakup by End Use Industry:
Non-Residential
Residential
Industrial & Plant Equipment
HVAC Equipment
Appliances
Transport Equipment
Others
Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being GAF, Knauf Insulation, Johns Manville, 3M Company, Owens Corning, Saint Gobain, Recticel, Kingspan Group, URSA, Rockwool Group, Atlas Roofing Corporation, BASF Polyurethanes, Byucksan Corporation, Bridgestone Corporation, etc.
IMARC Group's latest report provides a deep insight into the global insulation market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the insulation market in any manner.
Key Questions Answered in This Report
1. What is the global insulation market growth?
2. What are the global insulation market drivers?
3. What are the key industry trends in the global insulation market?
4. What is the impact of COVID-19 on the global insulation market?
5. What is the global insulation market breakup by material type?
6. What is the global insulation market breakup by function?
7. What is the global insulation market breakup by end use industry?
8. What are the major regions in the global insulation market?
9. Who are the key companies/players in the global insulation market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Insulation Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Material Type
6.1 Polystyrene
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Mineral Wool
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Glass Wool
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Polyurethane
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Calcium Silicate
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Function
7.1 Thermal
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Acoustic
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Electric
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Form
8.1 Blanket
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Foam
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Board
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Pipe
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End Use Industry
9.1 Non-Residential
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Residential
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Industrial & Plant Equipment
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 HVAC Equipment
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Appliances
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Transport Equipment
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Market Breakup by Region
10.1 Asia Pacific
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 North America
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 GAF
15.3.2 Knauf Insulation
15.3.3 Johns Manville
15.3.4 3M Company
15.3.5 Owens Corning
15.3.6 Saint Gobain
15.3.7 Recticel
15.3.8 Kingspan Group
15.3.9 URSA
15.3.10 Rockwool Group
15.3.11 Atlas Roofing Corporation
15.3.12 BASF Polyurethanes
15.3.13 Byucksan Corporation
15.3.14 Bridgestone Corporation
List of Figures
Figure 1: Global: Insulation Market: Major Drivers and Challenges
Figure 2: Global: Insulation Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Insulation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Insulation Market: Breakup by Material Type (in %), 2023
Figure 5: Global: Insulation Market (Polystyrene): Sales Value (in Billion US$), 2018 & 2023
Figure 6: Global: Insulation Market (Polystyrene) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 7: Global: Insulation Market (Mineral Wool): Sales Value (in Billion US$), 2018 & 2023
Figure 8: Global: Insulation Market (Mineral Wool) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Insulation Market (Glass Wool): Sales Value (in Billion US$), 2018 & 2023
Figure 10: Global: Insulation Market (Glass Wool) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 11: Global: Insulation Market (Polyurethane): Sales Value (in Billion US$), 2018 & 2023
Figure 12: Global: Insulation Market (Polyurethane) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 13: Global: Insulation Market (Calcium Silicate): Sales Value (in Billion US$), 2018 & 2023
Figure 14: Global: Insulation Market (Calcium Silicate) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 15: Global: Insulation Market (Others): Sales Value (in Billion US$), 2018 & 2023
Figure 16: Global: Insulation Market (Others) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 17: Global: Insulation Market: Breakup by Function (in %), 2023
Figure 18: Global: Insulation Market (Thermal): Sales Value (in Billion US$), 2018 & 2023
Figure 19: Global: Insulation Market (Thermal) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 20: Global: Insulation Market (Acoustic): Sales Value (in Billion US$), 2018 & 2023
Figure 21: Global: Insulation Market (Acoustic) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 22: Global: Insulation Market (Electric): Sales Value (in Billion US$), 2018 & 2023
Figure 23: Global: Insulation Market (Electric) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 24: Global: Insulation Market (Others): Sales Value (in Billion US$), 2018 & 2023
Figure 25: Global: Insulation Market (Others) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 26: Global: Insulation Market: Breakup by Form (in %), 2023
Figure 27: Global: Insulation Market (Blanket): Sales Value (in Billion US$), 2018 & 2023
Figure 28: Global: Insulation Market (Blanket) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 29: Global: Insulation Market (Foam): Sales Value (in Billion US$), 2018 & 2023
Figure 30: Global: Insulation Market (Foam) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 31: Global: Insulation Market (Board): Sales Value (in Billion US$), 2018 & 2023
Figure 32: Global: Insulation Market (Board) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 33: Global: Insulation Market (Pipe): Sales Value (in Billion US$), 2018 & 2023
Figure 34: Global: Insulation Market (Pipe) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 35: Global: Insulation Market (Others): Sales Value (in Billion US$), 2018 & 2023
Figure 36: Global: Insulation Market (Others) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 37: Global: Insulation Market: Breakup by End Use Industry (in %), 2023
Figure 38: Global: Insulation Market (Non-Residential): Sales Value (in Billion US$), 2018 & 2023
Figure 39: Global: Insulation Market (Non-Residential) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 40: Global: Insulation Market (Residential): Sales Value (in Billion US$), 2018 & 2023
Figure 41: Global: Insulation Market (Residential) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 42: Global: Insulation Market (Industrial & Plant Equipment): Sales Value (in Billion US$), 2018 & 2023
Figure 43: Global: Insulation Market (Industrial & Plant Equipment) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 44: Global: Insulation Market (HVAC Equipment): Sales Value (in Billion US$), 2018 & 2023
Figure 45: Global: Insulation Market (HVAC Equipment) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 46: Global: Insulation Market (Appliances): Sales Value (in Billion US$), 2018 & 2023
Figure 47: Global: Insulation Market (Appliances) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 48: Global: Insulation Market (Transport Equipment): Sales Value (in Billion US$), 2018 & 2023
Figure 49: Global: Insulation Market (Transport Equipment) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 50: Global: Insulation Market (Others): Sales Value (in Billion US$), 2018 & 2023
Figure 51: Global: Insulation Market (Others) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 52: Global: Insulation Market: Breakup by Region (in %), 2023
Figure 53: Asia Pacific: Insulation Market: Sales Value (in Billion US$), 2018 & 2023
Figure 54: Asia Pacific: Insulation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 55: North America: Insulation Market: Sales Value (in Billion US$), 2018 & 2023
Figure 56: North America: Insulation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 57: Europe: Insulation Market: Sales Value (in Billion US$), 2018 & 2023
Figure 58: Europe: Insulation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 59: Middle East and Africa: Insulation Market: Sales Value (in Billion US$), 2018 & 2023
Figure 60: Middle East and Africa: Insulation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 61: Latin America: Insulation Market: Sales Value (in Billion US$), 2018 & 2023
Figure 62: Latin America: Insulation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 63: Global: Insulation Industry: SWOT Analysis
Figure 64: Global: Insulation Industry: Value Chain Analysis
Figure 65: Global: Insulation Industry: Porters Five Forces Analysis
List of Tables
Table 1: Global: Insulation Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Insulation Market: Breakup by Material Type (in Billion US$), 2018 & 2023
Table 3: Global: Insulation Market Forecast: Breakup by Material Type (in Billion US$), 2024-2032
Table 4: Global: Insulation Market: Breakup by Function (in Billion US$), 2018 & 2023
Table 5: Global: Insulation Market Forecast: Breakup by Function (in Billion US$), 2024-2032
Table 6: Global: Insulation Market: Breakup by Form (in Billion US$), 2018 & 2023
Table 7: Global: Insulation Market Forecast: Breakup by Form (in Billion US$), 2024-2032
Table 8: Global: Insulation Market: Breakup by End Use Industry (in Billion US$), 2018 & 2023
Table 9: Global: Insulation Market Forecast: Breakup by End Use Industry (in Billion US$), 2024-2032
Table 10: Global: Insulation Market: Breakup by Region (in Billion US$), 2018 & 2023
Table 11: Global: Insulation Market Forecast: Breakup by Region (in Billion US$), 2024-2032
Table 12: Global: Insulation Market: Key Price Indicator
Table 13: Global: Insulation Market: Competitive Structure
Table 14: Global: Insulation Market: Key Players
Figure 1: Global: Insulation Market: Major Drivers and Challenges
Figure 2: Global: Insulation Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Insulation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Insulation Market: Breakup by Material Type (in %), 2023
Figure 5: Global: Insulation Market (Polystyrene): Sales Value (in Billion US$), 2018 & 2023
Figure 6: Global: Insulation Market (Polystyrene) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 7: Global: Insulation Market (Mineral Wool): Sales Value (in Billion US$), 2018 & 2023
Figure 8: Global: Insulation Market (Mineral Wool) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Insulation Market (Glass Wool): Sales Value (in Billion US$), 2018 & 2023
Figure 10: Global: Insulation Market (Glass Wool) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 11: Global: Insulation Market (Polyurethane): Sales Value (in Billion US$), 2018 & 2023
Figure 12: Global: Insulation Market (Polyurethane) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 13: Global: Insulation Market (Calcium Silicate): Sales Value (in Billion US$), 2018 & 2023
Figure 14: Global: Insulation Market (Calcium Silicate) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 15: Global: Insulation Market (Others): Sales Value (in Billion US$), 2018 & 2023
Figure 16: Global: Insulation Market (Others) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 17: Global: Insulation Market: Breakup by Function (in %), 2023
Figure 18: Global: Insulation Market (Thermal): Sales Value (in Billion US$), 2018 & 2023
Figure 19: Global: Insulation Market (Thermal) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 20: Global: Insulation Market (Acoustic): Sales Value (in Billion US$), 2018 & 2023
Figure 21: Global: Insulation Market (Acoustic) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 22: Global: Insulation Market (Electric): Sales Value (in Billion US$), 2018 & 2023
Figure 23: Global: Insulation Market (Electric) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 24: Global: Insulation Market (Others): Sales Value (in Billion US$), 2018 & 2023
Figure 25: Global: Insulation Market (Others) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 26: Global: Insulation Market: Breakup by Form (in %), 2023
Figure 27: Global: Insulation Market (Blanket): Sales Value (in Billion US$), 2018 & 2023
Figure 28: Global: Insulation Market (Blanket) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 29: Global: Insulation Market (Foam): Sales Value (in Billion US$), 2018 & 2023
Figure 30: Global: Insulation Market (Foam) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 31: Global: Insulation Market (Board): Sales Value (in Billion US$), 2018 & 2023
Figure 32: Global: Insulation Market (Board) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 33: Global: Insulation Market (Pipe): Sales Value (in Billion US$), 2018 & 2023
Figure 34: Global: Insulation Market (Pipe) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 35: Global: Insulation Market (Others): Sales Value (in Billion US$), 2018 & 2023
Figure 36: Global: Insulation Market (Others) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 37: Global: Insulation Market: Breakup by End Use Industry (in %), 2023
Figure 38: Global: Insulation Market (Non-Residential): Sales Value (in Billion US$), 2018 & 2023
Figure 39: Global: Insulation Market (Non-Residential) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 40: Global: Insulation Market (Residential): Sales Value (in Billion US$), 2018 & 2023
Figure 41: Global: Insulation Market (Residential) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 42: Global: Insulation Market (Industrial & Plant Equipment): Sales Value (in Billion US$), 2018 & 2023
Figure 43: Global: Insulation Market (Industrial & Plant Equipment) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 44: Global: Insulation Market (HVAC Equipment): Sales Value (in Billion US$), 2018 & 2023
Figure 45: Global: Insulation Market (HVAC Equipment) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 46: Global: Insulation Market (Appliances): Sales Value (in Billion US$), 2018 & 2023
Figure 47: Global: Insulation Market (Appliances) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 48: Global: Insulation Market (Transport Equipment): Sales Value (in Billion US$), 2018 & 2023
Figure 49: Global: Insulation Market (Transport Equipment) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 50: Global: Insulation Market (Others): Sales Value (in Billion US$), 2018 & 2023
Figure 51: Global: Insulation Market (Others) Forecast: Sales Value (in Billion US$), 2024-2032
Figure 52: Global: Insulation Market: Breakup by Region (in %), 2023
Figure 53: Asia Pacific: Insulation Market: Sales Value (in Billion US$), 2018 & 2023
Figure 54: Asia Pacific: Insulation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 55: North America: Insulation Market: Sales Value (in Billion US$), 2018 & 2023
Figure 56: North America: Insulation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 57: Europe: Insulation Market: Sales Value (in Billion US$), 2018 & 2023
Figure 58: Europe: Insulation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 59: Middle East and Africa: Insulation Market: Sales Value (in Billion US$), 2018 & 2023
Figure 60: Middle East and Africa: Insulation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 61: Latin America: Insulation Market: Sales Value (in Billion US$), 2018 & 2023
Figure 62: Latin America: Insulation Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 63: Global: Insulation Industry: SWOT Analysis
Figure 64: Global: Insulation Industry: Value Chain Analysis
Figure 65: Global: Insulation Industry: Porter's Five Forces Analysis
Table 1: Global: Insulation Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Insulation Market: Breakup by Material Type (in Billion US$), 2018 & 2023
Table 3: Global: Insulation Market Forecast: Breakup by Material Type (in Billion US$), 2024-2032
Table 4: Global: Insulation Market: Breakup by Function (in Billion US$), 2018 & 2023
Table 5: Global: Insulation Market Forecast: Breakup by Function (in Billion US$), 2024-2032
Table 6: Global: Insulation Market: Breakup by Form (in Billion US$), 2018 & 2023
Table 7: Global: Insulation Market Forecast: Breakup by Form (in Billion US$), 2024-2032
Table 8: Global: Insulation Market: Breakup by End Use Industry (in Billion US$), 2018 & 2023
Table 9: Global: Insulation Market Forecast: Breakup by End Use Industry (in Billion US$), 2024-2032
Table 10: Global: Insulation Market: Breakup by Region (in Billion US$), 2018 & 2023
Table 11: Global: Insulation Market Forecast: Breakup by Region (in Billion US$), 2024-2032
Table 12: Global: Insulation Market: Key Price Indicator
Table 13: Global: Insulation Market: Competitive Structure
Table 14: Global: Insulation Market: Key Players
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