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South America Thermal Insulation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Material Type (Fiber Glass, Plastic Foam, Stone Wool, Calcium Silicate, Cellular Glass, and Others) and Industry Vertical (Building and Construction, Oil and Gas, Chemical, Aerospace and Defense, Automotive, Pharmaceutical, and Others)
Market Report I 2022-12-20 I 130 Pages I The Insight Partners
The SAM thermal insulation market is expected to grow from US$ 2,044.74 million in 2022 to US$ 2,383.86 million by 2028. It is estimated to grow at a CAGR of 2.6% from 2022 to 2028.
Expansion of Aerospace Industry in Emerging Economies
The aerospace industry is growing significantly with the rising activities from both the defense and civil aviation sectors. With an increasing demand for large aircraft from emerging economies, and a focus on Powered by Hour Contracts (PBH), many aerospace services and manufacturing activities are expected to be carried out over the coming years. The emerging demand for thermal insulating materials is linked to the expansion of the aerospace industry with advantages such as lower noise and vibration levels during flying hours. The rising usage of composites in commercial aircraft will promote the development of different aerostructures, resulting in significant aerospace industry potential. The growing demand for lightweight insulating materials, combined with the high demand for composite materials from the General Aviation (GA) and business jet industries to reduce cabin noise, is likely to boost the thermal insulation market growth. The enhanced user safety due to the minimal thermal conductivity of materials and growing demand for energy-efficiency boosting products across the region is expected to propel the growth of the market. Additionally, increasing commercial aircraft deliveries, passenger traffic, and adoption of low-cost composite materials is expected to fuel the market growth. The high demand for air transport, declining cost of composite materials, and surging industrialization are also projected to boost the market growth.
Market Overview
The thermal insulation market in SAM is segmented into Brazil, Argentina, and the Rest of SAM. According to Evidence and Lessons from Latin America' (ELLA), in SAM, buildings including residential as well as commercial consume 21% of treated water and 42% of electricity while producing 25% of CO2 emissions and 65% of waste. Green buildings are defined as structures that are environmentally responsible and resource efficient. By transitioning to green buildings, the building and construction sector could reduce energy consumption by ~50%, water use by 40%, CO2 emissions by 39%, and solid waste by 70%. Thus, the transition to green buildings will increase the demand for thermal insulation across the region. The growing aerospace industry will positively impact the thermal insulation market. According to the data provided by the world's largest aircraft manufacturers (Boeing, Airbus, Embraer, and Bombardier), the future of SAM's aviation industry is highly promising. Although a few countries are in recession, air traffic demand is growing at an annual rate of 5.6% (surpassing projections for the rest of the globe). Furthermore, the region's aeronautical sector will have to double - or even triple - its fleet over the next 20 years to meet this growing demand for aircrafts, especially in regional and domestic markets. The biggest purchase orders are already coming from SAM companies. According to the Federal Aviation Administration (FAA), in its latest 20-year aviation forecast, SAM will experience an expected and significant growth. Thus, the growing aerospace industry will provide growth opportunities for the thermal insulation market across the region.
SAM Thermal Insulation Market Revenue and Forecast to 2028 (US$ Million)
SAM Thermal Insulation Market Segmentation
The SAM thermal insulation market is segmented based on material type, industry vertical, and country.
Based on material type, the SAM thermal insulation market is segmented into fiber glass, plastic foam, stone wool, calcium silicate, cellular glass, and others. The fiber glass segment held the largest share of the market in 2022. Based on industry vertical, the SAM thermal insulation market is segmented into building and construction, oil and gas, chemical, aerospace and defense, automotive, pharmaceutical, and others. The building and construction segment held the largest share of the market in 2022. Based on country, the SAM thermal insulation market is segmented into Brazil, Argentina, and the Rest of SAM. Brazil dominated the market in 2022. Asahi Kasei Corporation, BASF SE, Bayer AG, Dow Chemicals Company, DuPont, Johns Manville, Kingspan Group PLC, Owens Corning, ROCKWOOL A/S, and Saint Gobain S.A. are the leading companies operating in the SAM thermal insulation market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. SAM Thermal Insulation Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Expert Opinion
5. SAM Thermal Insulation Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in demand for lightweight thermal insulation
5.1.2 Growth in the building and construction industry
5.2 Market Restraints
5.2.1 High cost of installing thermal insulation
5.3 Market Opportunities
5.3.1 Expansion of aerospace industry in emerging economies
5.4 Future Trends
5.4.1 Increasing demand for high-temperature thermal insulation
5.5 Impact Analysis of Drivers and Restraint
6. Thermal Insulation Market - SAM Analysis
6.1 SAM Thermal Insulation Market -Revenue and Forecast to 2028
7. SAM Thermal Insulation Market Analysis - By Material Type
7.1 Overview
7.2 SAM Thermal Insulation Market, By Material Type (2021 and 2028)
7.3 Fiber Glass
7.3.1 Overview
7.3.2 Fiber Glass: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
7.4 Plastic Foam
7.4.1 Overview
7.4.2 Plastic Foam: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
7.5 Stone Wool:
7.5.1 Overview
7.5.2 Stone Wool: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
7.6 Calcium Silicate:
7.6.1 Overview
7.6.2 Calcium Silicate: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
7.7 Cellular Glass:
7.7.1 Overview
7.7.2 Cellular Glass: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
7.8 Others:
7.8.1 Overview
7.8.2 Others: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8. SAM Thermal Insulation Market Analysis - By Industry Vertical
8.1 Overview
8.2 SAM Thermal Insulation Market, By Industry Vertical (2021 and 2028)
8.3 Building and Construction
8.3.1 Overview
8.3.2 Building and Construction: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Oil and Gas
8.4.1 Overview
8.4.2 Oil and Gas: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Chemical
8.5.1 Overview
8.5.2 Chemical: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Aerospace and Defense
8.6.1 Overview
8.6.2 Aerospace and Defense: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8.7 Automotive
8.7.1 Overview
8.7.2 Automotive: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8.8 Pharmaceutical
8.8.1 Overview
8.8.2 Pharmaceutical: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
8.9 Others
8.9.1 Overview
8.9.2 Others: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Mn)
9. SAM Thermal Insulation Market - Country Analysis
9.1 Overview
9.1.1 SAM: Thermal Insulation Market, by Key Country
9.1.1.1 Brazil: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Thermal Insulation Market, by Material Type
9.1.1.1.2 Brazil: Thermal Insulation Market, by Industry Vertical
9.1.1.2 Argentina: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Thermal Insulation Market, by Material Type
9.1.1.2.2 Argentina: Thermal Insulation Market, by Industry Vertical
9.1.1.3 Rest of SAM: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Thermal Insulation Market, by Material Type
9.1.1.3.2 Rest of SAM: Thermal Insulation Market, by Industry Vertical
10. Industry Landscape
10.1 Overview
10.2 Merger and Acquisitions
10.3 Product News
10.4 Expansion
11. Company Profile
11.1 BASF SE
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Bayer AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 ROCKWOOL A/S
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Johns Manville
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Saint Gobain S.A.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Kingspan Group PLC
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Dow Chemicals Company
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Owens Corning
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Asahi Kasei Corporation
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 DuPont
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. SAM Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM Thermal Insulation Market, by Country - Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Thermal Insulation Market, by Material Type - Revenue and Forecast to 2028 (USD Million)
Table 4. Brazil Thermal Insulation Market, by Industry Vertical - Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina Thermal Insulation Market, by Material Type - Revenue and Forecast to 2028 (USD Million)
Table 6. Argentina Thermal Insulation Market, by Industry Vertical - Revenue and Forecast to 2028 (USD Million)
Table 7. Rest of SAM Thermal Insulation Market, by Material Type - Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of SAM Thermal Insulation Market, by Industry Vertical - Revenue and Forecast to 2028 (USD Million)
Table 9. Glossary of Terms
LIST OF FIGURES
Figure 1. SAM Thermal Insulation Market Segmentation
Figure 2. SAM Thermal Insulation Market Segmentation - By Country
Figure 3. SAM Thermal Insulation Market Overview
Figure 4. SAM Thermal Insulation Market, By Material Type
Figure 5. SAM Thermal Insulation Market, By Country
Figure 6. SAM: PEST Analysis
Figure 7. Expert Opinion
Figure 8. SAM Thermal Insulation Market Impact Analysis of Drivers and Restraints
Figure 9. SAM: Thermal Insulation Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. SAM Thermal Insulation Market Revenue Share, By Material Type (2021 and 2028)
Figure 11. SAM Fiber Glass: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 12. SAM Plastic Foam: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 13. SAM Stone Wool: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 14. SAM Calcium Silicate: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 15. SAM Cellular Glass: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 16. SAM Others: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. SAM Thermal Insulation Market Revenue Share, By Industry Vertical (2021 and 2028)
Figure 18. SAM Building and Construction: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 19. SAM Oil and Gas: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 20. SAM Chemical: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 21. SAM Aerospace and Defense: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 22. SAM Automotive: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 23. SAM Pharmaceutical: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 24. SAM Others: Thermal Insulation Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 25. SAM: Thermal Insulation Market, by Key Country - Revenue (2021) (US$ 'Million)
Figure 26. SAM: Thermal Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 27. Brazil: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Figure 28. Argentina: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of SAM: Thermal Insulation Market -Revenue and Forecast to 2028 (US$ Million)
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