North America Marine Insulation Market Report and Forecast 2025-2034
Market Report I 2025-08-11 I 109 Pages I EMR Inc.
The North America marine insulation market is expected to grow in the forecast period of 2025-2034 at a CAGR of 6.20%.
The United States to be One of the Leading Regions in the North America Marine Insulation Industry
The United States is predicted to be one of the leading regions in the North America maritime insulation industry. This growth is mostly due to the established economy of the United States and its considerable marine transport and freight activity. Additionally, the shipping and transportation businesses are putting a lot of effort into installing modern marine insulation on their ships, which is estimated to help the industry flourish.
Moreover, the surge in commerce and transport activities by seaways and the increased marine safety awareness and compliance with regulatory requirements and guidelines are all predicted to be important growth factors for the industry in the USA.
Marine Insulation Market Segmentation
Products that are rated for use in marine applications are known as marine insulation. Insulation materials are normally found in ship walls and ceilings, providing resistance against water-induced deterioration. Boats, yachts, commercial vessels, cargo vessels, and even offshore oil rigs all use marine insulation. The capacity to endure humidity and water is a defining feature of marine insulating products. These products provide various types of insulation, such as fire insulation, thermal insulation, and acoustic insulation, among others.
By product, the market can be segmented into:
- Fibreglass Insulation
- Mineral Wool
- Aerogel Insulation
- Extruded Polystyrene Insulation (XPS)
- Phenolic Foam
- Others
On the basis of application, the industry can be categorised into:
- Ship Building
- Boat Building
- Repair and Retrofit
- Others
Breakup by Region
- United States
- Canada
Advancements in Material Science and the Introduction of Modern Insulation Materials to Bolster the Growth of the North America Marine Insulation Industry
The market has been witnessing a healthy growth owing to the growth of the marine industry in North America and the beneficial properties of marine insulation. For instance, marine insulation helps reduce the transfer of thermal heat, vibrations, and noise in and around the ship or offshore rig. In contrast to commercial and residential insulation, marine insulation systems place a greater emphasis on water resistance. Additionally, marine insulators have exceptional thermal and acoustic properties, as well as the ability to reduce noise. While residential and commercial insulators only provide effective thermal insulation with some level of fire insulation within a building envelope, marine insulation solutions provide insulation against fire, thermal heat, and acoustics, thus, positively impacting the market growth.
With various developments in material science over the years, the marine insulation industry in North America is expected to continue to rise. For example, new variants of marine insulation materials such as fibreglass-based insulation materials, polyurethane-based materials, and aluminium-based insulation materials have all been introduced. These new and innovative materials provide high-quality insulation capabilities while also improving weight performance, which is predicted to provide a boost to the market. Furthermore, these modern maritime insulation materials comply with the International Maritime Organization's norms and regulations for thermal, fire, and noise insulation, which is estimated to contribute to the market growth in the forecast period.
Key Industry Players in the North America Marine Insulation Market
The report presents a detailed analysis of the following key players in the North America marine insulation market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Johns Manville
- Cellofoam North America, Inc.
- ROCKWOOL International A/S
- Owens Corning
- Pacor Inc.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Countries
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 North America Marine Insulation Market Analysis
5.1 Key Industry Highlights
5.2 North America Marine Insulation Historical Market (2018-2024)
5.3 North America Marine Insulation Market Forecast (2025-2034)
5.4 North America Marine Insulation Market by Product
5.4.1 Fibreglass Insulation
5.4.1.1 Historical Trend (2018-2024)
5.4.1.2 Forecast Trend (2025-2034)
5.4.2 Mineral Wool
5.4.2.1 Historical Trend (2018-2024)
5.4.2.2 Forecast Trend (2025-2034)
5.4.3 Aerogel Insulation
5.4.3.1 Historical Trend (2018-2024)
5.4.3.2 Forecast Trend (2025-2034)
5.4.4 Extruded Polystyrene Insulation (XPS)
5.4.4.1 Historical Trend (2018-2024)
5.4.4.2 Forecast Trend (2025-2034)
5.4.5 Phenolic Foam
5.4.5.1 Historical Trend (2018-2024)
5.4.5.2 Forecast Trend (2025-2034)
5.4.6 Others
5.5 North America Marine Insulation Market by Application
5.5.1 Ship Building
5.5.1.1 Historical Trend (2018-2024)
5.5.1.2 Forecast Trend (2025-2034)
5.5.2 Boat Building
5.5.2.1 Historical Trend (2018-2024)
5.5.2.2 Forecast Trend (2025-2034)
5.5.3 Repair and Retrofit
5.5.3.1 Historical Trend (2018-2024)
5.5.3.2 Forecast Trend (2025-2034)
5.5.4 Others
5.6 North America Marine Insulation Market by Country
5.6.1 United States
5.6.2 Canada
6 Regional Analysis
6.1 United States
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.2 Canada
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
7 Market Dynamics
7.1 SWOT Analysis
7.1.1 Strengths
7.1.2 Weaknesses
7.1.3 Opportunities
7.1.4 Threats
7.2 Porter's Five Forces Analysis
7.2.1 Supplier's Power
7.2.2 Buyer's Power
7.2.3 Threat of New Entrants
7.2.4 Degree of Rivalry
7.2.5 Threat of Substitutes
7.3 Key Indicators for Demand
7.4 Key Indicators for Price
8 Value Chain Analysis
9 Competitive Landscape
9.1 Supplier Selection
9.2 Key Global Players
9.3 Key Regional Players
9.4 Key Player Strategies
9.5 Company Profiles
9.5.1 Johns Manville
9.5.1.1 Company Overview
9.5.1.2 Product Portfolio
9.5.1.3 Demographic Reach and Achievements
9.5.1.4 Certifications
9.5.2 Cellofoam North America, Inc.
9.5.2.1 Company Overview
9.5.2.2 Product Portfolio
9.5.2.3 Demographic Reach and Achievements
9.5.2.4 Certifications
9.5.3 ROCKWOOL International A/S
9.5.3.1 Company Overview
9.5.3.2 Product Portfolio
9.5.3.3 Demographic Reach and Achievements
9.5.3.4 Certifications
9.5.4 Owens Corning
9.5.4.1 Company Overview
9.5.4.2 Product Portfolio
9.5.4.3 Demographic Reach and Achievements
9.5.4.4 Certifications
9.5.5 Pacor Inc.
9.5.5.1 Company Overview
9.5.5.2 Product Portfolio
9.5.5.3 Demographic Reach and Achievements
9.5.5.4 Certifications
9.5.6 Others
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