OEM Insulation Materials Market

OEM Insulation Materials Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
2018–2026
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.
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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.
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.
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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