Zion Market Research, the market research group announced the analysis report titled ‘OEM Insulation Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global OEM Insulation Market: Overview
The term OEM stands for Original Equipment Manufacturer, which refers to an organization that manufactures a subsystem or a part that is used by another company product. Insulation or thermal insulation means the product that minimizes heat gain or loss by creating a block between the surfaces that are different in temperature. There are various applications and verticals where insulation is used. There are various types of insulation in the market such as SIP, sprayed foam, concrete, blanket batts and rolls, foam boards, loose fill and blown in, reflective and fiber insulation. The major sector where OEM insulations are used is the industrial sector.
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Global OEM Insulation Market: Segmentation
The global OEM insulation market is segmented into its material type, end-use industry, and the regions. On the basis of the material type, the global market is segregated into foamed plastics, mineral wool/fiber, and other insulation materials. The foamed plastics are further sub-segmented into polyurethane and polyisocyanurate foam, extruded polystyrene foam, expanded polystyrene foam and other foams. Other forms are further sub-categorized into phenolic foam, melamine foam, cellular glass/ foamed glass and closed cell elastomeric foam. The mineral wool/ fiber category is sub-segmented into cellulose, aerogel, calcium silicate and perlite. Based on the end-use industry, the global OEM insulation market is categorized into industrial, consumer and transportation. The industrial sector is further sub-segmented into building and construction, power/biomass/solar/hydroelectricity generation, refrigeration, petrochemical/ oil and gas/ LNG, food processing, offshore and subsea and others. The consumer sector is further sub-segmented into cookers, baking ovens, water heaters, lighting and other applications, washers and dryers, barbecues and air conditioning and refrigeration units. The transportation sector is categorized into rail and subway, aerospace and spacecraft, automotive and marine.
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Global OEM Insulation Market: Growth Factors
The OEM insulation market is growing owing to the foamed plastics segment. The foamed plastics insulation accounts the major portion of the OEM market growth in terms of volume. In the developing countries, the economic expansion is the major reason for the rise in demand for the foamed plastic insulation in different verticals such as construction and building and also in the manufacturing of the household appliances. The application of the foam plastics is wide as they are used in various types of structural materials including brick, stone, and masonry. A significant amount of insulation materials is used for the thermal, acoustic and fire-related purposes in the energy and utilities, semiconductor, equipment industries, offshore oil and gas, manufacturing and telecom. Oil and gas industry is the major consumer of OEM insulation materials, which is followed by the energy and utilities and the equipment industry.
Global OEM Insulation Market: Regional Analysis
The region that dominates the OEM insulation market is Asia Pacific. There is a huge demand for the domestic and the commercial buildings for the OEM materials in this region. In countries such as China, Japan, and South Korea, the utilization of these materials is widespread. The increasing awareness about the benefits of the OEM insulation materials such as to obtain an energy efficient building, high demand in the construction industry and the rise in energy prices are increasing the significance of the OEM materials. Other regions such as North America and Europe are also gaining momentum in the OEM insulation market.
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Global OEM Insulation Market: Competitive Players
The key players in the global OEM insulation market are Rockwool International A/S, Johns Manville Corporation, Paroc, Aspen Aerogels Inc., Armacell International S.A., Anco Products Inc., Triumph Group Inc., Superglass Insulation Ltd., Demilec Inc., Saint-Gobain S.A., Knauf Insulation, Owens Corning Corp., The 3M Company, E.I. du Pont de Nemours and Company, Autex Industries Ltd., Big Sky Insulations, Morgan Advanced Materials, ACH Foam Technologies LLC and Scott Industries LLC.
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