Report

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
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5.7 CASE STUDY ANALYSIS 54
5.7.1 KNAUF INSULATION'S NOISE REDUCTION SOLUTION AT SKOFJA 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
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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
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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
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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

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

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