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
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. 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.
Scope of the Report
Years Considered for the Study
2020-2030
Base Year
2023
Forecast Period
2024-2030
Units Considered
Value (USD Billion)
Segments
Material Type, Insulation Type, End Use, and Region
Regions covered
North America, Europe, Asia Pacific, and Rest of the world
"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.
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).
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
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.3.5 UNITS CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 List of primary participants
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of interviews with experts
2.2 MARKET SIZE ESTIMATION
2.2.1 CALCULATIONS FOR SUPPLY-SIDE ANALYSIS
2.2.2 MARKET ENGINEERING PROCESS
2.2.3 BOTTOM-UP APPROACH
2.2.4 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 STUDY ASSUMPTIONS
2.5 RISK ASSESSMENT
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN OEM INSULATION MARKET
4.2 OEM INSULATION MARKET, BY REGION
4.3 OEM INSULATION MARKET IN NORTH AMERICA, BY MATERIAL TYPE AND COUNTRY
4.4 OEM INSULATION MARKET: GROWTH RATES OF MAJOR COUNTRIES
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Technological advancements in HVAC equipment in construction sector
5.2.1.2 High adoption of air-conditioning technology for public transport vehicles
5.2.2 RESTRAINTS
5.2.2.1 Unorganized OEM insulation market in Asia Pacific countries disrupting value chain
5.2.2.2 Stringent environmental regulations related to manufacture of polyurethane foam
5.2.3 OPPORTUNITIES
5.2.3.1 Stringent regulations mandating use of insulation materials for energy conservation
5.2.3.2 Substitution of legacy materials by eco-friendly flexible elastomeric foam
5.2.4 CHALLENGES
5.2.4.1 Fluctuating raw material costs leading to pricing pressures on OEMs
5.7.1 KNAUF INSULATION'S NOISE REDUCTION SOLUTION AT SKOFJA LOKA PRODUCTION PLANT
5.7.2 SUSTAINABLE PLASTIC INSULATION PRODUCTS - ENVIRONMENTAL AND HEALTH IMPACTS
5.7.3 3M'S INNOVATION IN ACOUSTIC INSULATION FOR AUTOMOTIVE APPLICATIONS
5.8 PATENT ANALYSIS
5.8.1 METHODOLOGY
5.8.2 LIST OF MAJOR PATENTS
5.9 KEY CONFERENCES AND EVENTS, 2025-2026
5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.11 TRADE ANALYSIS
5.11.1 IMPORT SCENARIO (HS CODE 680610)
5.11.2 EXPORT SCENARIO (HS CODE 680610)
5.12 TARIFF AND REGULATORY LANDSCAPE
5.12.1 INTRODUCTION
5.12.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 OEM INSULATION PRICING ANALYSIS
5.13.1 AVERAGE SELLING PRICE TREND OF OEM INSULATION FOR MINERAL WOOL MATERIAL TYPE, 2020-2024
5.13.2 AVERAGE SELLING PRICE TREND OF OEM INSULATION FOR PUF MATERIAL TYPE, 2020-2024
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
5.13.4 AVERAGE SELLING PRICE OF KEY PLAYERS, 2023
5.14 IMPACT OF AI/GEN AI ON OEM INSULATION MARKET: REVOLUTIONIZING EFFICIENCY AND INNOVATION
5.15 GLOBAL MACROECONOMIC OUTLOOK
5.16 INVESTMENT AND FUNDING SCENARIO
6 OEM INSULATION PRODUCTS MARKET, BY END USE
6.1 INTRODUCTION
6.2 TRANSPORTATION
6.2.1 RAPID ADVANCEMENTS IN AUTOMOTIVE, AEROSPACE, MARINE, AND RAILWAY TECHNOLOGIES TO DRIVE MARKET
6.2.2 AEROSPACE & DEFENSE
6.2.3 AUTOMOTIVE
6.2.4 OTHER TRANSPORTATION END USES
6.3 INDUSTRIAL & COMMERCIAL
6.3.1 RISING DEMAND FOR THERMAL, ACOUSTIC, AND FIRE-RESISTANT SOLUTIONS TO BOOST MARKET
6.4 CONSUMER
6.4.1 INCREASING INTEGRATION OF OEM INSULATION IN CONSUMER GOODS TO PROPEL MARKET
7 OEM INSULATION PRODUCTS MARKET, BY INSULATION TYPE
7.1 INTRODUCTION
7.2 THERMAL INSULATION
7.2.1 RISE IN DEVELOPMENT OF GREEN BUILDINGS TO BOOST DEMAND
7.3 ACOUSTIC INSULATION
7.3.1 INCREASING DEMAND IN EMERGING NATIONS TO PROPEL MARKET
8 OEM INSULATION MARKET, BY MATERIAL TYPE
8.1 INTRODUCTION
8.2 MINERAL WOOL
8.2.1 DEMAND FOR COST AND ENERGY-EFFICIENT BUILDINGS TO BOOST MARKET
8.2.2 FIBERGLASS
8.2.3 STONE WOOL
8.3 POLYURETHANE FOAM (PUF)
8.3.1 INCREASING DEMAND FOR BIO-BASED PUF IN INSULATION TO FUEL GROWTH
8.4 FLEXIBLE ELASTOMERIC FOAM (FEF)
8.4.1 INCREASING INSTALLATION OF HVAC SYSTEMS TO DRIVE DEMAND
8.5 OTHER MATERIAL TYPES
9 OEM INSULATION MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 US
9.2.1.1 Investments, technological advancements, regulatory support, and sustainability trends to drive market
9.2.2 CANADA
9.2.2.1 Government incentives, expanding electric vehicle manufacturing, and growing emphasis on sustainability to propel market
9.2.3 MEXICO
9.2.3.1 Key manufacturing hub and expanding industrial sector to propel demand
9.3 EUROPE
9.3.1 FRANCE
9.3.1.1 Stringent energy efficiency regulations, technological advancements, and decarbonization goals to boost market
9.3.2 RUSSIA
9.3.2.1 Growth of industrial sector to fuel demand
9.3.3 GERMANY
9.3.3.1 Investments in chemical and petrochemical industry to fuel market
9.3.4 ITALY
9.3.4.1 Investments in industrial efficiency and sustainable manufacturing to drive market
9.3.5 UK
9.3.5.1 Investments in energy efficiency and sustainability to boost market
9.3.6 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.1.1 Energy transition and industrial growth to fuel market
9.4.2 JAPAN
9.4.2.1 Rise in exports of chemical-based products to drive market
9.4.3 INDIA
9.4.3.1 Growing urban population and commercial building sector to boost market
9.4.4 SOUTH KOREA
9.4.4.1 Increase in exports of electronics and technological advancements to propel consumption
9.4.5 REST OF ASIA PACIFIC
9.5 REST OF THE WORLD
9.5.1 SAUDI ARABIA
9.5.1.1 Promotion of energy efficiency to drive market
9.5.2 UAE
9.5.2.1 Growth of major end-use industries to boost market
9.5.3 BRAZIL
9.5.3.1 Dominance of polyurethane foam market to drive growth
9.5.4 OTHER COUNTRIES
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2018-2024
10.3 REVENUE ANALYSIS, 2019-2023
10.4 MARKET SHARE ANALYSIS, 2023
10.5 BRAND COMPARISON ANALYSIS
10.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
10.6.1 STARS
10.6.2 EMERGING LEADERS
10.6.3 PERVASIVE PLAYERS
10.6.4 PARTICIPANTS
10.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
10.6.5.1 Company footprint
10.6.5.2 Region footprint
10.6.5.3 Material type footprint
10.6.5.4 Insulation type footprint
10.6.5.5 End use footprint
10.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023