Global Insulation Materials Market Overview:
Insulation Materials Market was valued at $60,000 million, and is expected to reach $92,570 million by 2022, supported by a CAGR of 6.2%. Insulation materials are used to stop heat, electricity, or sound from going into or out of something. Insulation materials industry is primarily segmented in three broad categories: thermal Insulation, electrical insulation and heat insulation. The key tan effective insulation system is proper installation of quality insulation materials.
Insulation is an important technology to reduce energy consumption in buildings by preventing heat gain/loss through them. It acts as a barrier theat flow and is essential for keeping your home warm in winter and cool in summer. Climatic conditions influence the appropriate level and type of insulation. Materials used for insulation have low thermal conductivity, often less than 0.1W/mK. Polyurethane foam, mineral wool, polyethylene, polyvinyl chloride, expanded polystyrene, and extruded polystyrene are the various types of insulation materials. These materials have nother purpose than tsave energy and protect and provide comfort toccupants.
Polyurethane is a foam insulation material that contains a low-conductivity gas in its cells. Polyurethane insulation is available as a liquid sprayed foam and rigid foam board. It can alsbe made intlaminated insulation panels with a variety of facings. Sprayed or foamed-in-place applications of polyurethane insulation are usually cheaper than installing foam boards, and these applications usually perform better because the liquid foam molds itself tall the surfaces. All closed-cell polyurethane foam insulation made today is produced with a non-HCFC (hydrochlorofluorocarbon) gas as the foaming agent. Polyurethane foam insulation materials are used in industries such as residential construction, non-residential, oil & gas, and automotive.
Polyethylene is a highly dimensionally stable thermoplastic with good immunity tmoisture. This excellent insulator has a low coefficient of friction and is excellent for guides and other moving parts. Polyethylene is the white Teflon-like material used for food cutting board. Different densities are available with the ultra-high molecular weight grade at the top offering toughness outlasting steel in some applications.
Insulation Materials Market Segmentation
Top Winning Strategy
Leading players in the global insulation materials market have adopted various strategies tachieve additional market share. These key strategies have been gathered from press releases, annual reports of market players, and primary calls made tindustry experts. Market players profiled in this report are insulation materials producers and distributors catering tindustries such as construction, oil & gas, HVAC & OEM, automotive, wires & cables. Key strategies adopted by these players include product launch, joint venture, acquisition, partnership, expansion, and investment.
INSULATION MATERIALS MARKET: TOP WINNING STRATEGIES, 2012-2016 (%)
The above pie chart represents the percentage split of the strategies adopted by the key market players. Merger & acquisition accounted for 69% of all strategies adopted, while product launch is the second topmost strategy, accounting for 21% of the overall strategies.
Patent Analysis by Geography
Asia-Pacific registered maximum number of patents related tinsulation materials as compared tother geographies from January 2011 tJanuary 2016. North America and Europe stood second and third respectively.
PATENT ANALYSIS BY GEOGRAPHIES, 2011-2016 (%)
A building is an environmental separator. It separates the outside from the inside. Insulation in residential construction is an important technology treduce energy consumption in buildings by preventing heat gain/loss through the building envelope. Polyurethane foam and extruded polystyrene are insulation materials used during residential construction. Residential construction is projected tbe the fastest growing end-use industry for insulation materials market during the projected period.
Mineral wool insulation is made from molten glass, stone or slag (industrial waste) that is spun inta fibre-like structure. Inorganic rock or slag are the main components (typically 98%) of stone wool. The remaining 2% organic content is generally a thermosetting resin binder (an adhesive) and a little oil. Glass wool products usually contain 95% t96% inorganic material. Stone wool is made from volcanic rock, typically basalt or dolomite, an increasing proportion of which is recycled material in the form of briquettes. Mineral wool made from blast furnace slag (waste) is sometimes known as slag wool.
The insulation materials industry in UAE has prospered due tthe oil & gas sector and booming construction industry in this region. In April, 2016 Hira Industries LLC launched a polyethylene insulation plant in Al Ghail, Ras Al Khaimah tproduce and export Aerofoam technical foam around the global. Alsthe strategic developments in key sectors such as automotive, industrial construction, HVAC & OEM, and others are expected tdrive the market for insulation materials during the forecast period.
SAUDI ARABIA INSULATION MATERIALS MARKET SIZE, 2014-2022 ($MILLION)
Key players profiled in the report include BASF SE, Bayer AG, Saint-Gobain S.A, Rockwool International, Huntsman Corporation, Atlas Roofing Corporation, Bridgestone, Evonik Industries AG, GAF Materials Corporation, Kingspan Group PLC and The DoW Chemical Company.
Other key players in the market value chain include Ibiden Co. Ltd., Morgan Thermal Ceramics, Aspen Aerogels, Inc. Knauf Insulation, Asahi Kasei Corporation, E. I. du Pont de Nemours.
*These companies are not profiled, can be profiled based on client request
INSULATION MATERIALS MARKET KEY BENEFITS
- This report provides an extensive analysis of the current trends, future estimations, and dynamics from 2014 t2022 of the global insulation materials market, which assists tidentify the prevailing opportunities.
- Geographically, the market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA.
- Exhaustive analysis predicts the applications that are currently used along with the variants that would gain prominence in the future.
- Competitive intelligence of leading manufacturers and distributors highlights the competitive scenariacross the geographies.
- An in-depth analysis of current research and developments within the market is provided with key dynamic factors that interpret the market behavior.
- Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Key market players are profiled and their strategies are analyzed thoroughly, which portrays the competitive outlook.
INSULATION MATERIALS MARKET KEY SEGMENTS:
Global Insulation Materials Market is segmented as:
- Mineral Wool/Rock Wool/ Stone Wool
- Polyurethane Foam
- Polyvinyl Chloride
- Expanded Polystyrene
- Extruded Polystyrene
- Others (Carbon glass, Aerogel Silicate, Fiberglass, Perlite, Phenolic Foam & glass wool)
BY END-USE INDUSTRY
- Residential Construction
- HVAC & OEM
- Non- Residential
- Wires & Cables
- Oil & Gas
- Others (Packaging & Consumer goods)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA