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OEM Insulation Materials Market

OEM Insulation Materials Market report categorizes the industry by materials, end user, and insulation type - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
OEM Insulation Materials Market - Global
Industry Insights, Trends, Outlook and
Opportunity Analysis, 2017–2025
The term OEM stands for Original Equipment Manufacturer, which refers to an
organization that manufactures a part or a subsystem that is used by another company
product. An insulating product is one that minimizes heat gain or loss by creating a
blockage between the surfaces that are different in temperature. There are various
types of insulation available in the market such as sprayed form, structural insulated
panels, concrete, foam boards, reflective and fiber insulation. The major sector where
OEM insulations are used is the industrial sector. The growing demand for insulation
services in wide scope of applications in industrial as well as commercial sector has
fuelled market growth OEM insulation across the world. The major end-user industries
of OEM insulation are automotive, construction, aerospace, and consumer appliances
among others.
The use of OEM insulation in commercial and residential buildings reduces the energy
cost by around 10% to 20%. The various materials used for the purpose of insulation
are fiber glass, foamed plastics and mineral wool such as glass wool and stone wool.
The most common type of material used for insulation in construction industry is glass
mineral wool. The automobile manufacturers are currently focused on enhancing the
comfort and safety in vehicles and insulation of automotive parts plays a major role in
achieving this goal. Effective insulation helps in reducing heat transfer, sound transfer
and fire risk in whichever application it is used.
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Growing demand for insulation services in a wide scope of applications such as
residential & commercial construction, automobiles and consumer appliances is the key
factor driving growth of the global OEM insulation materials market. Rapid growth in the
global automotive industry during the forecast period is expected to fuel growth of the
OEM insulation market owing to the growing investments by vehicle manufacturers in
improving the safety features and comfort level in the vehicles. Besides, the demand for
OEM insulation is rapidly increasing in medical and electronic equipment manufacturing
industries, which is expected to propel the consumption of OEM insulation.
Furthermore, the growing awareness amongst vehicle manufacturers regarding
eco-friendly operations and sustainable development is resulting in an upsurge of OEM
insulation in industrial sector, which is expected to drive the growth of the global OEM
insulation market over the forecast period.
OEM Insulation Market Outlook - Asia Pacific is expected to be the most lucrative
region for the key players operating in the global OEM Insulation Materials Market
The regional segmentation for global OEM insulation market includes North America,
Europe, Latin America, Asia Pacific, Middle East and Rest of the Africa. Asia Pacific
holds a dominant position in the global OEM insulation market owing to a vast demand
for commercial and domestic buildings which require insulation materials for its
construction purposes. The rising awareness about the advantages of OEM insulation
materials such as obtaining an energy efficient building, rise in energy prices and
booming construction activities in countries such as India and China are the main
drivers for the growing OEM insulation materials market in Asia Pacific. Booming
automotive industry in India is also a major contributor to the growth of OEM insulation
market in Asia Pacific.
Key Players operating in the global OEM insulation market include Knauf Insulation,
Johns Manville, Fomo Products Inc., Paroc Group, Owens Corning Insulating Systems
LLC., Roxul Inc., Shanon enterprises, Saint Gobin, ACH Foam Technologies, Armacell
International and Rockwool International among various others.
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