The thermal insulation market is expected to grow from US$ 53.39 billion in 2022 to US$ 72.90 billion by 2028; it is expected to grow at a CAGR of 5.3% from 2022 to 2028.
The demand for thermal insulation increased owing to its advantages. It reduces energy costs and the heat transfer between two objects of different temperatures. Thermal insulation material offers insulation in which the radiative heat is reflected, reduced, and absorbed. Companies are focusing on providing lightweight products such as plastic, as it is easy to install and requires less time and effort. These factors are expected to augment the thermal insulation market growth.
The thermal insulation market is projected to witness significant growth in the coming years due to the strong presence of prominent players, such as BASF SE, Bayer AG, ROCKWOOL A/S, Johns Manville, SAINT GOBAIN S.A, Kingspan Group PLC, Dow Chemicals Company, Owens Corning, Asahi Kasei Corporation, and DuPont. A large variety of thermal insulation products gained consumers' attention. Growing awareness about the benefits of high-temperature insulation, including resistance to elevated temperatures and thermal shocks, low thermal conductivity, environmental benefits, and cost efficiency, is likely to propel the thermal insulation market growth over the forecast period.
In 2021, Asia Pacific held the largest share of the global thermal insulation market. However, North America is estimated to register the highest CAGR in the market during the forecast period. The APAC market is segmented into China, India, Australia, Japan, South Korea, and the Rest of APAC. The construction industry is one of the booming industries in APAC due to the rapidly increasing population; this ultimately leads to the high demand for thermal insulation products. Moreover, the rising disposable income levels of consumers and the growth of the middle-class population are a few of the key factors driving the thermal insulation market growth in the region.
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Thermal Insulation Market: Strategic Insights
Market Size Value in US$ 53.39 Billion in 2022 Market Size Value by US$ 72.90 Billion by 2028 Growth rate CAGR of 5.3% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Thermal Insulation Market: Strategic Insights
| Market Size Value in | US$ 53.39 Billion in 2022 |
| Market Size Value by | US$ 72.90 Billion by 2028 |
| Growth rate | CAGR of 5.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Thermal Insulation Market
Before the COVID-19 pandemic, the thermal insulation market growth was primarily driven by the rising demand for buildings and construction activities. However, the market faced hurdles during the first quarter of 2020 due to business shutdown, raw material, and labor shortages, and decline in construction and transportation activities. The COVID-19 pandemic led to economic recession in the initial months of 2020, which created financial difficulties for low-income and mid-income consumers.
Moreover, due to restrictions, shutdown of many construction companies and manufacturing affected the growth of thermal insulation market. Moreover, during the pandemic, shortage of labor was a major concern for the thermal insulation industry. This led to shift towards mechanization, automation, and off-site fabrication in the thermal insulation industry.
Thermal Insulation Market Breakdown, by Region, 2021
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Market Insights
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Benefits of Using Thermal Insulation
Thermal insulation reduces heat movements and vapor condensation. Therefore, it prevents humidity, mold, freezing, deformation that may occur in the building and weakening of iron parts due to corrosion; and helps preservation of the building. Moreover, in various industries, huge energy saving benefits can be obtained with decreased thermal conductivity in the lining construction through the utilization of products such as BTU-BLOCK insulation.
Based on material type, the global market is categorized into fiber glass, plastic foam, stone wool, calcium silicate, cellular glass, and others. In 2021, the fiber glass segment accounted for the largest revenue share and plastic foam is expected to account for the highest growth rate over the forecast period. By industry vertical, the global market is segmented into building and construction, oil and gas, chemical, aerospace and defense, automotive, pharmaceutical, and others. The building and cocntruction segment accounted for the largest revenue share.
Thermal Insulation Market, by Material Type – 2021 and 2028
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BASF SE, Bayer AG, ROCKWOOL A/S, Johns Manville, SAINT GOBAIN S.A, Kingspan Group PLC, Dow Chemicals Company, Owens Corning, Asahi Kasei Corporation, and DuPont are a few of the key players operating in the thermal insulation market. These companies provide a wide range of product portfolios for the market. The companies have their presence in developing regions, providing lucrative market opportunities. Market players are developing high-quality, innovative products to meet customer requirements.
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Report Spotlights
- Progressive industry trends in the market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the thermal insulation products market size from 2022 to 2028
- Estimation of global demand for thermal insulation
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook and factors driving and restraining the growth of the thermal insulation market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- The size of the thermal insulation market at various nodes
- Detailed overview and segmentation of the market, as well as the thermal insulation industry dynamics
- Thermal insulation market size in various regions with promising growth opportunities
The "Thermal Insulation Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global thermal insulation market trend analysis. The report aims to provide an overview of the market with detailed market segmentation.
The thermal insulation market is segmented into material type, industry vertical, and geography. Based on material type, the global market is segmented into fiber glass, plastic foam, stone wool, calcium silicate, cellular glass, and others. Based on industry vertical, the global market is segmented into building and construction, oil and gas, chemical, aerospace and defense, automotive, pharmaceutical, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
Company Profiles
BASF SE, Bayer AG, ROCKWOOL A/S, Johns Manville, SAINT GOBAIN S.A, Kingspan Group PLC, Dow Chemicals Company, Owens Corning, Asahi Kasei Corporation, and DuPont are the prominent players operating in the global thermal insulation market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material Type, and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global thermal insulation market BASF SE, Bayer AG, ROCKWOOL A/S, Johns Manville, SAINT GOBAIN S.A, Kingspan Group PLC, Dow Chemicals Company, Owens Corning, Asahi Kasei Corporation, and DuPont.
In 2021, Asia Pacific accounted for the largest share of the global thermal insulation market. The Asia Pacific thermal insulation market is segmented into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. These countries are witnessing growth in various end-use industries which will boost the growth of the thermal insulation market in the region. Growing urbanization in the emerging economies of Asia Pacific has led to an increased requirement for better commercial and public infrastructure. Rural-to-urban migration in developing countries in the region is increasing the construction activity in urban areas. As urban buildings are usually more insulation intensive than those in rural areas, this will, in turn, stimulate demand for thermal insulation in residential buildings.
Increase in demand for lightweight thermal insulation and growth in the building and construction industry are drivers of thermal insulation. Thermal insulation material offers insulation in which the radiative heat is reflected, reduced, and absorbed. Thermal insulation is a powerful technology that is used to reduce energy consumption in buildings by preventing heat gains or losses through the building covering.
Based on the material type, plastic foam is expected to be the fastest-growing segment during the forecast period. Plastic foams are a type of polymer that includes voids and cells within the polymers. It is a lightweight cellular foam that is increasingly used as an insulation material.
Based on the industry vertical, building and construction segment accounted for the highest share of the global market in 2021. Thermal insulation materials are increasingly used in the building and construction sector as they slow heat transfer through the enclosure to reduce heat gain and loss. Thermal insulation is increasingly becoming an essential technology to reduce energy consumption in buildings by preventing heat gain/loss through the building envelope.
Increasing demand for high-temperature thermal insulation is a recent trend in the global thermal insulation market. Growing awareness about the benefits of high-temperature insulation, including resistance to elevated temperatures and thermal shocks, low thermal conductivity, environmental benefits, and cost efficiency, is likely to propel the thermal insulation market growth over the forecast period. In addition, thermal insulation can protect equipment and help achieve extraordinarily high or low temperatures with reduced accident risks.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Global Thermal Insulation Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South & Central America (SAM)
4.3 Expert Opinion
5. Thermal Insulation Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in demand for lightweight thermal insulation
5.1.2 Growth in the building and construction industry
5.2 Market Restraints
5.2.1 High cost of installing thermal insulation
5.3 Market Opportunities
5.3.1 Expansion of aerospace industry in emerging economies
5.4 Future Trends
5.4.1 Increasing demand for high-temperature thermal insulation
5.5 Impact Analysis of Drivers and Restraint
6. Thermal Insulation – Global Market Analysis
6.1 Thermal Insulation Market Overview
6.2 Thermal Insulation Market –Revenue and Forecast to 2028
6.3 Competitive Positioning – Key Market Players
7. Thermal Insulation Market Analysis – By Material Type
7.1 Overview
7.2 Thermal Insulation Market, By Material Type (2021 and 2028)
7.3 Fiber Glass
7.3.1 Overview
7.3.2 Fiber Glass: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Plastic Foam
7.4.1 Overview
7.4.2 Plastic Foam: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Stone Wool:
7.5.1 Overview
7.5.2 Stone Wool: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Calcium Silicate:
7.6.1 Overview
7.6.2 Calcium Silicate: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.7 Cellular Glass:
7.7.1 Overview
7.7.2 Cellular Glass: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
7.8 Others:
7.8.1 Overview
7.8.2 Others: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
8. Thermal Insulation Market Analysis – By Industry Vertical
8.1 Overview
8.2 Thermal Insulation Market, By Industry Vertical (2021 and 2028)
8.3 Building and Construction
8.3.1 Overview
8.3.2 Building and Construction: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Oil and Gas
8.4.1 Overview
8.4.2 Oil and Gas: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Chemical
8.5.1 Overview
8.5.2 Chemical: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Aerospace and Defense
8.6.1 Overview
8.6.2 Aerospace and Defense: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Automotive
8.7.1 Overview
8.7.2 Automotive: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.8 Pharmaceutical
8.8.1 Overview
8.8.2 Pharmaceutical: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
8.9 Others
8.9.1 Overview
8.9.2 Others: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Mn)
9. Geographic Analysis
9.1 Overview
9.2 North America: Thermal Insulation Market
9.2.1 North America: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Thermal Insulation Market, by Material Type
9.2.3 North America: Thermal Insulation Market, by Industry Vertical
9.2.4 North America: Thermal Insulation Market, by Key Country
9.2.4.1 US: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Thermal Insulation Market, by Material Type
9.2.4.1.2 US: Thermal Insulation Market, by Industry Vertical
9.2.4.2 Canada: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Thermal Insulation Market, by Material Type
9.2.4.2.2 Canada: Thermal Insulation Market, by Industry Vertical
9.2.4.3 Mexico: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Thermal Insulation Market, by Material Type
9.2.4.3.2 Mexico: Thermal Insulation Market, by Industry Vertical
9.3 Europe: Thermal Insulation Market
9.3.1 Europe: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Thermal Insulation Market, by Material Type
9.3.3 Europe: Thermal Insulation Market, by Industry Vertical
9.3.4 Europe: Thermal Insulation Market, by Key Country
9.3.4.1 Germany: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Thermal Insulation Market, by Material Type
9.3.4.1.2 Germany: Thermal Insulation Market, by Industry Vertical
9.3.4.2 France: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Thermal Insulation Market, by Material Type
9.3.4.2.2 France: Thermal Insulation Market, by Industry Vertical
9.3.4.3 Italy: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Thermal Insulation Market, by Material Type
9.3.4.3.2 Italy: Thermal Insulation Market, by Industry Vertical
9.3.4.4 UK: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Thermal Insulation Market, by Material Type
9.3.4.4.2 UK: Thermal Insulation Market, by Industry Vertical
9.3.4.5 Spain: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Spain: Thermal Insulation Market, by Material Type
9.3.4.5.2 Spain: Thermal Insulation Market, by Industry Vertical
9.3.4.6 Rest of Europe: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Thermal Insulation Market, by Material Type
9.3.4.6.2 Rest of Europe: Thermal Insulation Market, by Industry Vertical
9.4 Asia Pacific: Thermal Insulation Market
9.4.1 Asia Pacific: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Thermal Insulation Market, by Material Type
9.4.3 Asia Pacific: Thermal Insulation Market, by Industry Vertical
9.4.4 Asia Pacific: Thermal Insulation Market, by Key Country
9.4.4.1 Australia: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Thermal Insulation Market, by Material Type
9.4.4.1.2 Australia: Thermal Insulation Market, by Industry Vertical
9.4.4.2 China: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Thermal Insulation Market, by Material Type
9.4.4.2.2 China: Thermal Insulation Market, by Industry Vertical
9.4.4.3 India: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Thermal Insulation Market, by Material Type
9.4.4.3.2 India: Thermal Insulation Market, by Industry Vertical
9.4.4.4 Japan: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Thermal Insulation Market, by Material Type
9.4.4.4.2 Japan: Thermal Insulation Market, by Industry Vertical
9.4.4.5 South Korea: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Thermal Insulation Market, by Material Type
9.4.4.5.2 South Korea: Thermal Insulation Market, by Industry Vertical
9.4.4.6 Rest of Asia Pacific: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia Pacific: Thermal Insulation Market, by Material Type
9.4.4.6.2 Rest of Asia Pacific: Thermal Insulation Market, by Industry Vertical
9.5 Middle East and Africa: Thermal Insulation Market
9.5.1 Middle East and Africa: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Thermal Insulation Market, by Material Type
9.5.3 Middle East and Africa: Thermal Insulation Market, by Industry Vertical
9.5.4 Middle East and Africa: Thermal Insulation Market, by Key Country
9.5.4.1 South Africa: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Thermal Insulation Market, by Material Type
9.5.4.1.2 South Africa: Thermal Insulation Market, by Industry Vertical
9.5.4.2 Saudi Arabia: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Thermal Insulation Market, by Material Type
9.5.4.2.2 Saudi Arabia: Thermal Insulation Market, by Industry Vertical
9.5.4.3 UAE: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Thermal Insulation Market, by Material Type
9.5.4.3.2 UAE: Thermal Insulation Market, by Industry Vertical
9.5.4.4 Rest of the Middle East & Africa: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of the Middle East & Africa: Thermal Insulation Market, by Material Type
9.5.4.4.2 Rest of the Middle East & Africa: Thermal Insulation Market, by Industry Vertical
9.6 South and Central America: Thermal Insulation Market
9.6.1 South and Central America: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.6.2 South and Central America: Thermal Insulation Market, by Material Type
9.6.3 South and Central America: Thermal Insulation Market, by Industry Vertical
9.6.4 South and Central America: Thermal Insulation Market, by Key Country
9.6.4.1 Brazil: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Thermal Insulation Market, by Material Type
9.6.4.1.2 Brazil: Thermal Insulation Market, by Industry Vertical
9.6.4.2 Argentina: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Thermal Insulation Market, by Material Type
9.6.4.2.2 Argentina: Thermal Insulation Market, by Industry Vertical
9.6.4.3 Rest of South and Central America: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South and Central America: Thermal Insulation Market, by Material Type
9.6.4.3.2 Rest of South and Central America: Thermal Insulation Market, by Industry Vertical
10. Impact of COVID-19 Pandemic on Thermal Insulation Market
10.1 Overview
10.2 Impact of COVID-19 on Thermal Insulation Market
10.3 North America: Impact Assessment of COVID-19 Pandemic
10.4 Europe: Impact Assessment of COVID-19 Pandemic
10.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.7 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Merger and Acquisitions
11.2 Product News
11.3 Expansion
12. Company Profile
12.1 BASF SE
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Bayer AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ROCKWOOL A/S
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Johns Manville
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SAINT GOBAIN S.A.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Kingspan Group PLC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Dow Chemicals Company
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Owens Corning
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Asahi Kasei Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 DuPont
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Global Thermal Insulation Market, by Material Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Thermal Insulation Market, by Industry Vertical– Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 5. North America Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 6. North America Thermal Insulation Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 7. US Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 8. US Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 10. Canada Thermal Insulation Market, by Industry Vertical– Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 13. Europe Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 14. Europe Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 15. Europe Thermal Insulation Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 16. Germany Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 17. Germany Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 18. France Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 19. France Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 20. Italy Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 21. Italy Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 22. UK Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 23. UK Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 24. Spain Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 25. Spain Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 26. Rest of Europe Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 27. Rest of Europe Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 28. Asia Pacific Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 29. Asia Pacific Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 30. Asia Pacific Thermal Insulation Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 31. Australia Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 32. Australia Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 33. China Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 34. China Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 35. India Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 36. India Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 37. Japan Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 38. Japan Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 39. South Korea Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 40. South Korea Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 41. Rest of Asia Pacific Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 42. Rest of Asia Pacific Thermal Insulation Market, by Industry Vertical Type – Revenue and Forecast to 2028 (USD Million)
Table 43. Middle East and Africa Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 44. Middle East and Africa Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 45. Middle East and Africa Thermal Insulation Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 46. South Africa Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 47. South Africa Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 48. Saudi Arabia Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 49. Saudi Arabia Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 50. UAE Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 51. UAE Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 52. Rest of Middle East and Africa Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 53. Rest of Middle East and Africa Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 54. South and Central America Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 55. South and Central America Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 56. South and Central America Thermal Insulation Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 57. Brazil Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 58. Brazil Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 59. Argentina Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 60. Argentina Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 61. Rest of South and Central America Thermal Insulation Market, by Material Type – Revenue and Forecast to 2028 (USD Million)
Table 62. Rest of South and Central America Thermal Insulation Market, by Industry Vertical – Revenue and Forecast to 2028 (USD Million)
Table 63. Glossary of Terms, Thermal Insulation Market
LIST OF FIGURES
Figure 1. Global Thermal Insulation Market Segmentation
Figure 2. Thermal Insulation Market Segmentation – By Geography
Figure 3. Global Thermal Insulation Market Overview
Figure 4. Thermal Insulation Market, By Material Type
Figure 5. Thermal Insulation Market, By Geography
Figure 6. Global Thermal Insulation Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia Pacific (APAC): PEST Analysis
Figure 10. Middle East & Africa (MEA): PEST Analysis
Figure 11. South & Central America (SAM): PEST Analysis
Figure 12. Expert Opinion
Figure 13. Thermal Insulation Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Thermal Insulation Market
Figure 15. Global: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Thermal Insulation Market Revenue Share, By Material Type (2021 and 2028)
Figure 17. Fiber Glass: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. Plastic Foam: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Stone Wool: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Calcium Silicate: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Cellular Glass: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Others: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Thermal Insulation Market Revenue Share, By Industry Vertical (2021 and 2028)
Figure 24. Building and Construction: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Oil and Gas: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 26. Chemical: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 27. Aerospace and Defense: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 28. Automotive: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 29. Pharmaceutical: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 30. Others: Thermal Insulation Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 31. Global Fish Oil Market Revenue Share, by Region (2021 and 2028)
Figure 32. North America: Thermal Insulation Market Revenue Share, by Material Type (2021 and 2028)
Figure 33. North America: Thermal Insulation Market Revenue Share, by Industry Vertical (2021 and 2028)
Figure 34. North America: Thermal Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 35. US: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Canada: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. Mexico: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Europe: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Europe: Thermal Insulation Market Revenue Share, by Material Type (2021 and 2028)
Figure 40. Europe: Thermal Insulation Market Revenue Share, by Industry Vertical (2021 and 2028)
Figure 41. Europe: Thermal Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 42. Germany: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. France: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 44. Italy: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 45. UK: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 46. Spain: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 47. Rest of Europe: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. Asia Pacific: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Asia Pacific: Thermal Insulation Market Revenue Share, by Material Type (2021 and 2028)
Figure 50. Asia Pacific: Thermal Insulation Market Revenue Share, by Industry Vertical (2021 and 2028)
Figure 51. Asia Pacific: Thermal Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 52. Australia: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 53. China: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 54. India: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 55. Japan: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 56. South Korea: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 57. Rest of Asia Pacific: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58. Middle East and Africa: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Middle East and Africa: Thermal Insulation Market Revenue Share, by Material Type (2021 and 2028)
Figure 60. Middle East and Africa: Thermal Insulation Market Revenue Share, by Industry Vertical (2021 and 2028)
Figure 61. Middle East and Africa: Thermal Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 62. South Africa: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 63. Saudi Arabia: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 64. UAE: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of the Middle East & Africa: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 66. South and Central America: Thermal Insulation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. South and Central America: Thermal Insulation Market Revenue Share, by Material Type (2021 and 2028)
Figure 68. South and Central America: Thermal Insulation Market Revenue Share, by Industry Vertical (2021 and 2028)
Figure 69. South and Central America: Thermal Insulation Market Revenue Share, by Key Country (2021 and 2028)
Figure 70. Brazil: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 71. Argentina: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 72. Rest of South and Central America: Thermal Insulation Market –Revenue and Forecast to 2028 (US$ Million)
Figure 73. Impact of COVID-19 Pandemic on Major Countries in North America
Figure 74. Impact of COVID-19 Pandemic on Major Countries in Europe
Figure 75. Impact of COVID-19 Pandemic on Major Countries in Asia Pacific
Figure 76. Impact of COVID-19 Pandemic in Major Countries in the Middle East & Africa
Figure 77. Impact of COVID-19 Pandemic on Major Countries in South & Central America
The List of Companies - Thermal Insulation Market
- BASF SE
- Bayer AG
- ROCKWOOL A/S
- Johns Manville
- SAINT GOBAIN S.A
- Kingspan Group PLC
- Dow Chemicals Company
- Owens Corning
- Asahi Kasei Corporation
- DuPont
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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