OREANDA-NEWS. OEM Insulation Market by Material Type (Foamed Plastics and Mineral Wool), End-use Industry (Industrial, Consumer, and Transportation), and Region - Global Forecasts to 2021..., Market Research Report: MarketsandMarkets

The global OEM insulation market size is projected to reach USD 14.62 Billion by 2021, at a CAGR of 5.83% between 2016 and 2021. The key drivers of the market are growing awareness and stringent regulations for energy efficiency. Moreover, the market is witnessing a moderate growth owing to increasing applications, technological advancements, and growing demand for OEM insulation in Asia-Pacific and the Middle East & Africa.

Foamed plastics are one of the leading insulation materials used for OEM insulation and witnessing rapid growth in Asia-Pacific. The superior mechanical properties of foamed plastics make them suited for use in diverse applications. The industrial segment will continue to account for the highest demand for OEM insulation. With legislators seeking to improve energy efficiency laws such as the Building Energy Performance Regulation of December 2008 and the EU Directives, there is a significant trend toward the use of more OEM insulation. As a result, OEM insulations are becoming increasingly important.

Asia-Pacific is the largest market for OEM insulation, followed by North America and Western Europe. The market in Asia-Pacific is estimated to record high growth owing to increasing demand from the industrial sector.

Europe is experiencing sluggish growth in its construction sector and there is lack of awareness about building’s energy efficiency. These factors are restraining market growth of OEM insulations. Moreover, the OEM insulation market is moderately consolidated and competitive, with a number of small- to medium-scale players, especially in China.

The market is dominated by various players, depending on their core competencies. The key players in this market are Saint-Gobain S.A. (France), Rockwool International A/S (Denmark), Knauf Insulation (U.S.), Johns Manville Corporation (U.S.), Owens Corning Corp. (U.S.), Paroc (Finland), The 3M Company (U.S.), Aspen Aerogels Inc. (U.S.), E.I. du Pont de Nemours and Company (U.S.), Armacell International S.A. (Germany), Autex Industries Ltd. (New Zealand), Anco Products Inc. (U.S.), Big Sky Insulations (U.S.), Triumph Group Inc. (U.S.), Morgan Advanced Materials (U.K.), Superglass Insulation Ltd., (U.K.), ACH Foam Technologies LLC (U.S.), Demilec Inc. (Canada) and Scott Industries LLC (U.S.).

The OEM insulation market is moderately concentrated as there are only a few market players.

The market is very niche, but is estimated to witness high growth as energy efficiency regulations tighten across the world. OEM insulation materials are highly differentiated depending on end-use application requirement. The demand for OEM insulation has experienced high growth over the past five years as technology has become highly developed.