OEM Insulation Global Market Report 2024

The global oem insulation market has grown strongly in recent years. It will grow from $20.67 billion in 2023 to $21.96 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth observed in the historical period can be credited to several factors, including industrial expansion, heightened emphasis on energy efficiency regulations, a dedicated focus on sustainability practices, increased requirements for temperature control, government-backed incentives and rebates, as well as the global expansion of manufacturing operations.

The global oem insulation market is expected to see strong growth in the next few years. It will grow to $27.78 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. Anticipated growth in the forecast period stems from a global drive toward renewable energy sources, rapid urbanization leading to increased infrastructure development, initiatives promoting circular economies, emphasis on noise reduction practices, and the growing adoption of composite materials. Notable trends expected in this period encompass strict adherence to energy efficiency regulations, incorporation of smart insulation technologies, emphasis on customizable and tailored insulation solutions, utilization of lightweight insulation in transportation equipment, integration of insulation within HVAC systems, as well as the formation of strategic partnerships and collaborations within the industry.

Anticipated growth in the OEM insulation market is driven by the increasing construction of commercial offices and industrial spaces. These constructions demand high-quality buildings tailored for business needs, requiring advanced insulation materials to curtail energy usage and operational expenses. Notably, the United States Census Bureau reported a substantial expenditure of $1,762.3 billion on industrial construction in June 2022, highlighting the significant influence of rising construction in driving the OEM insulation market.

The OEM insulation market is set to expand due to increased government initiatives and infrastructure funding. Government-led initiatives, aimed at specific programs or projects to address particular issues or promote desired outcomes, play a pivotal role in infrastructure development. For instance, the U.S. Department of Energy's allocation of $30 million in clean energy funding in October 2023 is directed towards enhancing energy efficiency and advancing clean energy and infrastructure upgrades. This funding aims to improve energy efficiency in buildings, fostering growth in the OEM insulation market.

Technological advancements are emerging as a prominent trend in the OEM insulation market, with major industry players prioritizing the development of innovative solutions. Owens Corning Corporation's August 2021 launch of PINK Next Gen Fiberglas insulation, based on advanced fiber technology, stands as an example. This technology enhances stiffness and recovery, ensuring quick deployment, superior texture, and smoother surfaces. Its development of resilient insulating micro-pockets through a woven fiber network ensures efficient and pollution-free insulation application.

Companies within the OEM insulation market are increasingly concentrating on enhancing manufacturing capacity and fortifying their financial standing to bolster their product portfolios and global presence. Expanding manufacturing capacity involves strategic planning, technological investments, efficient resource allocation, and adaptable responses to market shifts. For instance, Kingspan Group's investment of USD 27 million in June 2022 for expansion in the United States demonstrates a commitment to ramping up production and solidifying its foothold in the global OEM insulation market. This strategic move aims to bolster manufacturing capabilities and strengthen their position in the industry.

In July 2022, Etex, a renowned Belgian building material manufacturer specializing in lightweight construction, completed the acquisition of URSA for an undisclosed sum. This strategic move aims to cater to the burgeoning demands of markets, particularly in regions like South East Europe, where comprehensive integrated solutions are in high demand. With the inclusion of URSA in its portfolio, Etex fortifies its ability to deliver a broader spectrum of solutions and materials for constructing living spaces that prioritize safety, sustainability, smart features, and aesthetic appeal. URSA, headquartered in Spain, specializes in OEM insulation solutions.

Major companies operating in the oem insulation market report are Compagnie de Saint Gobain SA, 3M Company, ALP Group Ltd., Armacell International SA, Aspen Aerogels Inc., Atlas Roofing Corporation, BASF SE, Covestro AG, Evonik Industries AG, Johns Manville Corporation, Knauf Insulation GmbH, Owens Corning Corporation, Rockwool International AS, Scott Manufacturing LLC, Armacell International Holding, CertainTeed Corp., Dow Inc., Fi-Foil Company, Fireshell Ltd., Fitech Engineers Pvt. Ltd., GAF Materials Corporation, GTS Interior Supply Co., Industrial Thermo Polymers Limited, ITW Insulation Systems Inc., Johns-Manville Corporation, Kingspan Group PLC, Knauf Insulation Ltd., Lapolla Industries Inc., Reflectix Inc., Rmax Broadband Pvt. Ltd.

Asia-Pacific was the largest region in the OEM insulation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oem insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the oem insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary classifications of OEM insulation include blankets, rolls, batts, loose fill, and other types. Blankets, typically large oblong pieces of woven fabric, serve as bed coverings and are made from materials like mineral wool, polyurethane foam (PUF), flexible elastomeric foam (FEF), among others. These insulation types find application across diverse sectors such as aerospace, automotive, marine, HVAC equipment, building and construction, consumer appliances, and various other industries.

This report provides OEM insulation market statistics, including OEM insulation industry global market size, regional shares, competitors with a OEM insulation market share, detailed OEM insulation market segments, market trends, and opportunities, and any further data you may need to thrive in the OEM insulation industry. This OEM insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The OEM insulation market consists of sales of foamed plastic, and glass wool. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.