OEM Insulation Market Size, Share, Analysis, Overview, Demand, Report, 2026

 The global OEM insulation market size is projected to grow from USD 31.0 billion in 2021 to USD 40.8 billion by 2026, at a CAGR of 5.6% between 2021 and 2026. This report provides a comprehensive analysis of the industry, including OEM insulation market size, trends, drivers and constraints, Competitive Aspects, and prospects for future growth. The growth of this market is attributed to growing stringent regulations for energy-efficient insulation equipment, increase in number of HVAC applications, technological advances, and growing demand in construction, industrial, and transportation industries in Asia Pacific and North American regions. 

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The OEM insulation market is dominated by large players, such as Covestro AG (Germany), Owens Corning Corp. (US), Rockwool International A/S (Denmark), Saint-Gobain ISOVER (France), Knauf Insulation (US), Huntsman Corporation (US), Armacell International S.A. (Luxembourg), Johns Manville Corporation (US), Kingspan Group (Ireland), China Jushi Co. Ltd. (China), and Rogers Corporation (US). These players have adopted various growth strategies, such as expansions, new product developments, acquisitions, and agreements, to enhance their market footprint and improve their product portfolios. Expansion of their manufacturing plants and offices, globally, is the key strategy adopted by the major players to cater to the increasing demand for OEM insulation products.  

The pandemic has impacted more than five billion people across the world, till April 2020. More than 100 countries were under complete or partial lockdown which impacted the OEM insulation business globally and regionally. Supply chain disruption and lockdown due to the pandemic have impacted the GDP of all major economies, such as Germany, the US, Japan, the UK, India, Italy, and France. However, the OEM insulation market is showing signs of recovery and is expected to grow at a moderate rate during the forecast period.

Mineral Wool segment estimated to lead the OEM insulation market, in 2021

By material type, the mineral wool segment accounted for the largest share in the overall OEM insulation market. Minera wool finds high demand in building & construction segment and this growth can be attributed to the increasing population, expanding building insulation market, need for energy efficient equipment, rising environmental awareness, and need for cost savings. Mineral wool is non-combustible, has higher density and R-value, and also provides good acoustic properties which makes it a preferable choice in building & construction end use.

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The building & construction sector is estimated to be leading end use in OEM insulation market, in 2021

By end use, the building & construction segment is expected to lead the overall OEM insulation market in 2021. Increasing investments and construction of commercial offices, warehouses, data centers, and SEZs are the key drivers which are driving the demand for HVAC equipment in the building & construction segment. OEM insulation is preferred in building & construction end use as it provides low thermal conductivity, energy saving ability, sound control, reduction in greenhouse gas emission, and results into cost saving. OEM insulation finds applications in doors, walls, ceilings, panels, and floors in commercial buildings.

Europe projected to account for the largest share in the OEM insulation market during the forecast period

In 2021, Europe is estimated to account for the largest share in the OEM insulation market, while Asia Pacific is projected to register the highest CAGR of 6.2% between 2021 and 2026. Although there is a decline in the Asia Pacific market in 2020 due to the COVID-19 impact, the market is expected to grow at a moderate rate during the forecast period. This growth can be attributed to the increasing demand in mineral wool and PUF in countries, such as China, South Korea, India, Japan, Vietnam, and Australia.