OEM insulation, or Original Equipment Manufacturer insulation, is tailor-made thermal protection integrated into products during their manufacturing. This custom insulation solution ensures optimal energy efficiency, product longevity, and safety. It plays a pivotal role in diverse industries, from appliances and electronics to automotive and beyond.
Designed to resist or halt the transmission of heat and noise, OEM insulation plays a crucial role as varying temperatures in different locations can affect both people and equipment. Air temperature and noise pollution have increased as a result of increased industrialization and transportation. In several end-use industries, OEM insulation is now necessary as a result of all these factors. The OEM insulation market size is anticipated to reach US$ 24.5 billion by 2033, up from US$ 16.2 billion in 2023. Throughout the forecast period, FMI anticipated that the demand for OEM insulation could increase globally at an average CAGR of 4.2%.
The market is likely to proliferate primarily owing to the expanding construction sector throughout the anticipated period. Buildings with OEM insulation are protected from noise pollution and heat transmission in industrial areas.
In Europe and North America, the use of OEM insulation is a crucial component of the construction sector. The demand for OEM insulation in the construction sector has increased significantly as a result of stricter building codes.
Given the significant growth in the transportation industry, there has been a surge in the demand for OEM insulation in recent years.
The demand for these services is likely to continue rising over the projection period due to the government’s increased spending in recent years. Furthermore, during the forecast period, market expansion is anticipated to be aided by the growing demand for acoustic insulation. As we look ahead, there is likely to be an increase in demand for OEM insulation owing to the rising requirement for HVAC, ventilation, and hoops in the building industry.
In consideration of the fact that air conditioners find utilization in both public and private vehicles, an increase in the number of these vehicles could provide additional assistance to market expansion. Notably, it’s worth pointing out that insulation plays a crucial role in fire-proofing the interior components of the car, contributing significantly to this aspect. Ultimately, the utilization of several types of insulating materials significantly extends the lifespan of cars.
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Asia Pacific is expected to maintain its position as the foremost market for OEM insulating products in terms of revenue. By 2033, experts anticipate a 1.2X growth in the regional market. The boom in industrial demands within the Asia Pacific region clearly foresees OEM insulation market expansion during the forecast period.
Key Takeaways
- By 2033, a value of US$ 5.3 billion is projected for the United States OEM insulation market.
- The market in India is expected to reach US$ 1.3 billion in value by 2033, developing at a rapid CAGR of 6.1% between 2023 and 2033.
- The market in the United Kingdom is estimated to be worth US$ 580.7 million by the end of the forecast period.
- The OEM insulation market size in China is likely to reach US$ 4.2 billion by 2033, exhibiting a CAGR of 3.9%
Competitive Landscape
OEM insulation suppliers are concentrating on creating novel and long-lasting insulating solutions to fulfill the rising demand for environmentally friendly and energy-efficient products. To produce cutting-edge insulation materials with greater thermal performance, durability, and safety, they are spending money on research and development. They are also implementing innovative manufacturing technologies and procedures to increase production efficiency and lessen their impact on the environment.
Key Contributors to the OEM insulation Market are
- BASF
- Evonik
- Paroc Group Oy
- SAINT-GOBAIN
- Armacell International S.A
- Johns Manville Corporation
- Henry Company
- Styrotech, Inc.
- NCFI Polyurethanes
- Morgan Advanced Materials
- Scott Industries LLC
- Anco Products Inc.
Recent Developments
- Armacell International S.A. released ArmaGel DT, a next-generation flexible aerogel insulation blanket for cryogenic and dual-temperature purposes, in August 2020.
- Evonik introduced a brand-new line of specialized feedstocks named TEGO® Therm in November 2022 to considerably improve the performance of thermal insulation coatings.
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Key Segments
By Material:
- Glass Wool
- Mineral Wool
- Foamed Plastics
- Others
By Insulation Type:
- Blankets
- Rolls & Batts
- Loose Fill
- Others
By End Use:
- Aerospace
- Automotive
- Marine
- HVAC Equipment
- Building & Construction
- Consumer Appliances
- Other Industrial
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR-certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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