About Heat Insulation Materials
Increasing requirements for the thermal conductivity of an insulation material are various which is depending on consumer use. Top companies of thermal insulation materials are consistently focusing on the strength and overall performance of materials. In developed economies, governments are actively promoting construction of zero energy buildings, which in turn in the growth of the very market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Heat Insulation Materials market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand Heat Insulation Materials Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States and German Vendors will contribute the maximum growth to Global Heat Insulation Materials market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), Bayer AG (Germany), Saint-Gobain (France), Rockwool International (Denmark), Huntsman Corporation (United States), Atlas Roofing Corporation (United States), Bridgestone (Japan), Evonik Industries AG (Germany), GAF Materials Corporation (United States), Kingspan Group (Ireland) and The DoW Chemical Company (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Heat Insulation Materials market by Type (Mineral Wool, Polyurethane Foam, Polyethylene, Polyvinyl Chloride, Expanded Polystyrene, Extruded Polystyrene and Others), Application (Residential Construction, HVAC & OEM, Non-Residential, Wires & Cables, Automotive, Oil & Gas and Others) and Region.
On the basis of geography, the market of Heat Insulation Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Heat Insulation Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Adoption of Offshore Oil & Gas Extraction and Surging Emission Control Regulations Worldwide
Challenges:
Increasing Transportation & Logistics Costs Globally
Restraints:
Fluctuations in Crude Oil Prices and Development of Newer Products for High Depth Subsea Projects
Opportunities:
The Growth in Cost Optimization in Offshore Oil & Gas Projects Worldwide, Rapid Industrialization in Emerging Economies of Asia-Pacific and Increasing Applications in the Aerospace and Automotive Industries
Market Leaders and their expansionary development strategies
In March 2023, Solvay, a global market leader in specialty materials, has announced the introduction of a new high-heat and flame retardant grade in the company.
In October 2023, Freudenberg Performance Materials Apparel (Freudenberg), a leading provider of innovative technical solutions in the apparel industry, is pleased to launch two advanced thermal insulation products made from low-level Bisphenol A (BPA) recycled PET fibers (rPET) into the global range of comfortemp®, Freudenberg’s thermal insulation brand. The introduction of DOWN FEEL WA 150LB and FIBERBALL WB 400LB underscores Freudenberg’s commitment to innovation and sustainability.
Key Target Audience
Heat Insulation Materials Manufacturers, Raw Material Suppliers/Distributors, Technology Providers, End-User and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.