Advanced Insulation Material Market Research Report - Global Forecast till 2027

Global Advanced Insulation Material Market Research Report: Information by Material Type [Aerogel, Gas-Filled Panels (GFP), Vacuum Insulation Panel (VIP), and Others], End-Use Industry (Oil & Gas, Building & Construction, Automotive, Power Generation, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2027

ID: MRFR/CnM/1422-HCR | February 2021 | Region: Global | 132 pages

Market Synopsis


The global advanced insulation material market accounted for USD 7.42 billion in 2018 and is projected to register a CAGR of over 11% during the forecast period. Advanced insulation materials are the new state of the art insulation materials of today. It has lower thickness, lower density, and similar thermal insulation property when compared to the traditional insulations materials viz. mineral wool, expanded polystyrene (EPS), extruded polystyrene (XPS), cellulose, polyurethane, and others.


The significant need to reduce the energy consumption of a building envelope has increased the demand for advanced insulation material in the global market. The environmental agencies implementing new policies for conserving energy using advanced insulation materials add to the growth of the global market. Since, in the last few decades, governments across the globe put up various initiatives for the reducing the emission of greenhouse gases and encourage energy efficiency thus, making advanced insulation material an opportunistic market in the coming years. For instance, in India, the ministry of power has implemented Energy Conservation Building Codes (ECBC) program which promotes the builders, architectures, and designers for the usage of integrating renewable energy sources in building design. Additionally, the need for space and weight saving materials adds to the growth of the global advanced insulations materials market.


The market players in the global advanced insulation materials market are adopting various strategies such as acquisition, expansion, and product launch to capture a larger market share of the global market. For instance, on 20 November 2018, Advanced Insulation, a leading manufacturer of insulation, technical coatings and specialized passive fire protection acquired Isoremov, an insulation jacket manufacturer to boost its growth in Brazil.


Some of the disadvantages of advanced insulation materials such as thermal bridges at panel edges, vulnerability towards penetration (air penetration, moisture penetration, nail penetration), cannot be cut or adapted at building site may restrain the market growth during the forecast period. Additionally, the high manufacturing cost of advanced insulation materials is a challenging factor in the growth of the product market.


Regional Analysis


The global advanced insulation material market outlook has been reviewed with respect to five regions, namely, Asia-Pacific, the Middle East & Africa, North America, Europe, and Latin America.


Asia-Pacific was the largest and fastest-growing regional market for the advanced insulation material in 2018 and is expected to remain the dominant market during the forecast period. Rapid urbanization in the countries of Asia-Pacific is contributing to the strong demand for insulation materials, which in turn is boosting the growth of the advanced insulation materials market in the region. The rapid industrialization in the region is also supporting the growth of the advanced insulation materials market.


Europe held the second-largest market share in the global advanced insulation materials, driven by the stringent government guidelines related to supporting measures for energy renovations. For instance, in 2017, the European Commission has launched its long-term renovation strategies for turning their buildings into a highly efficient and decarbonized building and transforming them into nearly zero-energy building by 2050 as buildings are accountable for approximately 40% of energy consumption and 36% of CO2 emissions in the Europe Union.


North America has a prominent share in the global advanced insulation material market in 2018 and is expected to show healthy growth during the forecast period. This can be attributed to the use of these advanced insulation materials for their industrial sector, where these materials found their applications in the plants and engineering facilities mainly for refrigeration, coolants distribution, HVAC ducts and systems, and steam transportation equipment.


The advanced insulation material market in the Middle East & Africa is expected to witness healthy growth during the forecast period due to the growing construction activities in the region.


Latin America is likely to register rising growth in the advanced insulation material market during the forecast period which is led by countries such as Mexico, Brazil, and Chile owing to its construction and automotive sectors which uses these materials in the heating and plumbing equipment, HVAC ducts and systems and duct systems of trains and ships.


Market Segmentation


The global advanced insulation material market has been segmented based on material type, end-use industry, and region.


The material types covered under the scope of the global advanced insulation material market are aerogel, gas-filled panels (GFP), vacuum insulation panel (VIP), and others. The aerogel is expected to be a dominating segment for the global advanced insulation market owing to its properties such as low density and excellent thermal insulation.


The global advanced insulation material market, by end-use industry, has been segmented into oil & gas, building & construction, automotive, power generation, and others. The building & construction industry is expected to dominate the market attributed to the high use of these materials in the residential and non-residential construction.


Key Players


Some of the prominent players of the global advanced insulation material market are Aspen Aerogels, Inc. (US), Cabot Corporation (US), 3M (US), Advanced Insulation Limited (UK), Aerogel Technologies, LLC (US), Guangdong Alison Hi-Tech Co., Ltd (China), Morgan Advanced Materials (UK), Unifrax (US), LUYANG ENERGY-SAVING MATERIALS CO.,LTD (China), Aegion Corporation (US), Armacell International Holding GmbH (Germany), Trelleborg (France), and AFGlobal (US).


Intended Audience



  • Advanced insulation material producers

  • Trade and distributor of advanced insulation materials

  • Potential investors

  • Infrastructure sector

  • Raw material suppliers

  • Research and development institutes



Frequently Asked Questions (FAQ) :


The advanced insulation material market is predicted to grow at an 11% CAGR between 2020-2027.

The APAC region is predicted to lead the advanced insulation material market.

Key competitors in the advanced insulation material market include AFGlobal (US), Trelleborg (France), Armacell International Holding GmbH (Germany), Aegion Corporation (US), LUYANG ENERGY-SAVING MATERIALS CO., LTD (China), Unifrax (US), Morgan Advanced Materials (UK), Guangdong Alison Hi-Tech Co., Ltd (China), Aerogel Technologies, LLC (US), Advanced Insulation Limited (UK), 3M (US), Cabot Corporation (US), and Aspen Aerogels, Inc. (US).

Building and construction industry will dominate the advanced insulation material market.

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.3 List of Assumptions

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics of the Global Advanced Insulation Material Market

4.1 Introduction

4.2 Drivers

4.3 Restraints

4.4 Opportunities

4.5 Challenges

4.6 Trends/Technology

5 Market Factor Analysis of the Global Advanced Insulation Material Market

5.1 Supply Chain Analysis

5.1.1 Raw Material Suppliers

5.1.2 Manufacturers/Producers

5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

5.1.4 End User

5.2 Porter’s Five Forces Analysis

5.2.1 Threat of New Entrants

5.2.2 Bargaining Power of Buyers

5.2.3 Bargaining Power of Suppliers

5.2.4 Threat of Substitutes

5.2.5 Intensity of Competitive Rivalry

5.3 Pricing Analysis

6. Global Advanced Insulation Material Market, by Material Type

6.1 Introduction

6.2 Aerogel

6.2.1 Market Estimates & Forecast, 2020−2027

6.2.2 Market Estimates & Forecast, by Region, 2020−2027

6.3 Gas Filled Panels (GFP)

6.3.1 Market Estimates & Forecast, 2020−2027

6.3.2 Market Estimates & Forecast, by Region, 2020−2027

6.4 Vacuum Insulation Panel (VIP)

6.4.1 Market Estimates & Forecast, 2020−2027

6.4.2 Market Estimates & Forecast, by Region, 2020−2027

6.5 Others

6.5.1 Market Estimates & Forecast, 2020−2027

6.5.2 Market Estimates & Forecast, by Region, 2020−2027

7. Global Advanced Insulation Material Market, by End-Use Industry

7.1 Introduction

7.2 Oil & Gas

7.2.1 Market Estimates & Forecast, 2020−2027

7.2.2 Market Estimates & Forecast, by Region, 2020−2027

7.3 Building & Construction

7.3.1 Market Estimates & Forecast, 2020−2027

7.3.2 Market Estimates & Forecast, by Region, 2020−2027

7.4 Automotive

7.4.1 Market Estimates & Forecast, 2020−2027

7.4.2 Market Estimates & Forecast, by Region, 2020−2027

7.5 Power Generation

7.5.1 Market Estimates & Forecast, 2020−2027

7.5.2 Market Estimates & Forecast, by Region, 2020−2027

7.6 Others

7.6.1 Market Estimates & Forecast, 2020−2027

7.6.2 Market Estimates & Forecast, by Region, 2020−2027

8. Global Advanced Insulation Material Market, by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020−2027

8.2.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.2.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.2.4 US

8.2.4.1 Market Estimates & Forecast, 2020−2027

8.2.4.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.2.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.2.5 Canada

8.2.5.1 Market Estimates & Forecast, 2020−2027

8.2.5.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.2.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020−2027

8.3.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.3.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.3.4 Germany

8.3.4.1 Market Estimates & Forecast, 2020−2027

8.3.4.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.3.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.3.5 France

8.3.5.1 Market Estimates & Forecast, 2020−2027

8.3.5.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.3.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.3.6 Italy

8.3.6.1 Market Estimates & Forecast, 2020−2027

8.3.6.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.3.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.3.7 Spain

8.3.7.1 Market Estimates & Forecast, 2020−2027

8.3.7.2 Market Estimates & Forecast, by Material Type,2020−2027

8.3.7.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.3.8 UK

8.3.8.1 Market Estimates & Forecast, 2020−2027

8.3.8.2 Market Estimates & Forecast, by Material Type,2020−2027

8.3.8.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.3.9 Russia

8.3.9.1 Market Estimates & Forecast, 2020−2027

8.3.9.2 Market Estimates & Forecast, by Material Type,2020−2027

8.3.9.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.3.10 Poland

8.3.10.1 Market Estimates & Forecast, 2020−2027

8.3.10.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.3.10.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.3.11 Rest of Europe

8.3.11.1 Market Estimates & Forecast, 2020−2027

8.3.11.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.3.11.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.4 Asia-Pacific

8.4.1 Market Estimates & Forecast, 2020−2027

8.4.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.4.4 China

8.4.4.1 Market Estimates & Forecast, 2020−2027

8.4.4.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.4.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.4.5 India

8.4.5.1 Market Estimates & Forecast, 2020−2027

8.4.5.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.4.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2020−2027

8.4.6.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.4.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.4.7 Australia & New Zealand

8.4.7.1 Market Estimates & Forecast, 2020−2027

8.4.7.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.4.7.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.4.8 Rest of Asia-Pacific

8.4.8.1 Market Estimates & Forecast, 2020−2027

8.4.8.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.4.8.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2020−2027

8.5.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.5.4 GCC

8.5.4.1 Market Estimates & Forecast, 2020−2027

8.5.4.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.5.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.5.5 Israel

8.5.5.1 Market Estimates & Forecast, 2020−2027

8.5.5.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.5.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.5.6 North Africa

8.5.6.1 Market Estimates & Forecast, 2020−2027

8.5.6.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.5.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.5.7 Turkey

8.5.7.1 Market Estimates & Forecast, 2020−2027

8.5.7.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.5.7.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.5.8 Rest of Middle East & Africa

8.5.8.1 Market Estimates & Forecast, 2020−2027

8.5.8.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.5.8.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2020−2027

8.6.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.6.4 Brazil

8.6.4.1 Market Estimates & Forecast, 2020−2027

8.6.4.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.6.4.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.6.5 Argentina

8.6.5.1 Market Estimates & Forecast, 2020−2027

8.6.5.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.6.5.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.6.6 Mexico

8.6.6.1 Market Estimates & Forecast, 2020−2027

8.6.6.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.6.6.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

8.6.7 Rest of Latin America

8.6.7.1 Market Estimates & Forecast, 2020−2027

8.6.7.2 Market Estimates & Forecast, by Material Type, 2020−2027

8.6.7.3 Market Estimates & Forecast, by End-Use Industry, 2020−2027

9. Company Landscape

9.1 Introduction

9.2 Market Strategies

9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

10. Company Profiles

10.1 Aspen Aerogels

10.1.1 Company Overview

10.1.2 Financial Updates

10.1.3 Product/Business Segment Overview

10.1.4 Key Strategies

10.1.5 Key Developments

10.1.6 SWOT Analysis

10.2 Cabot Corporation

10.2.1 Company Overview

10.2.2 Financial Updates

10.2.3 Product/Business Segment Overview

10.2.4 Key Strategies

10.2.5 Key Developments

10.2.6 SWOT Analysis

10.3 3M

10.3.1 Company Overview

10.3.2 Financial Updates

10.3.3 Product/Business Segment Overview

10.3.4 Key Strategies

10.3.5 Key Developments

10.3.6 SWOT Analysis

10.4 Advanced Insulation Limited

10.4.1 Company Overview

10.4.2 Financial Updates

10.4.3 Product/Business Segment Overview

10.4.4 Key Strategies

10.4.5 Key Developments

10.4.6 SWOT Analysis

10.5 Aerogel Technologies, LLC

10.5.1 Company Overview

10.5.2 Financial Updates

10.5.3 Product/Business Segment Overview

10.5.4 Key Strategies

10.5.5 Key Developments

10.5.6 SWOT Analysis

10.6 Guangdong Alison Hi-Tech Co., Ltd

10.6.1 Company Overview

10.6.2 Financial Updates

10.6.3 Product/Business Segment Overview

10.6.4 Key Strategies

10.6.5 Key Developments

10.6.6 SWOT Analysis

10.7 Unifrax

10.7.1 Company Overview

10.7.2 Financial Updates

10.7.3 Product/Business Segment Overview

10.7.4 Key Strategies

10.7.5 Key Developments

10.7.6 SWOT Analysis

10.8 LUYANG ENERGY-SAVING MATERIALS CO., LTD

10.8.1 Company Overview

10.8.2 Financial Updates

10.8.3 Product/Business Segment Overview

10.8.4 Key Strategies

10.8.5 Key Developments

10.8.6 SWOT Analysis

10.9 Aegion Corporation

10.9.1 Company Overview

10.9.2 Financial Updates

10.9.3 Product/Business Segment Overview

10.9.4 Key Strategies

10.9.5 Key Developments

10.9.6 SWOT Analysis

10.10 Armacell International Holding GmbH

10.10.1 Company Overview

10.10.2 Financial Updates

10.10.3 Product/Business Segment Overview

10.10.4 Key Strategies

10.10.5 Key Developments

10.10.6 SWOT Analysis

10.11 Trelleborg

10.11.1 Company Overview

10.11.2 Financial Updates

10.11.3 Product/Business Segment Overview

10.11.4 Key Strategies

10.11.5 Key Developments

10.11.6 SWOT Analysis

10.12 AFGlobal

10.12.1 Company Overview

10.12.2 Financial Updates

10.12.3 Product/Business Segment Overview

10.12.4 Key Strategies

10.12.5 Key Developments

10.12.6 SWOT Analysis

10.13 Morgan Advanced Materials

10.13.1 Company Overview

10.13.2 Financial Updates

10.13.3 Product/Business Segment Overview

10.13.4 Key Strategies

10.13.5 Key Developments

10.13.6 SWOT Analysis

11. Conclusion

LIST OF TABLES


Table 1 Global Advanced Insulation Material Market, by Region, 2020−2027

Table 2 North America: Advanced Insulation Material Market, by Country, 2020−2027

Table 3 Europe: Advanced Insulation Material Market, by Country, 2020−2027

Table 4 Asia-Pacific: Advanced Insulation Material Market, by Country, 2020−2027

Table 5 Middle East & Africa: Advanced Insulation Material Market, by Country, 2020−2027

Table 6 Latin America: Advanced Insulation Material Market, by Country, 2020−2027

Table 7 Global Advanced Insulation Material Material Type Market, by Regions, 2020−2027

Table 8 North America: Advanced Insulation Material Material Type Market, by Country, 2020−2027

Table 9 Europe: Advanced Insulation Material Material Type Market, by Country, 2020−2027

Table10 Asia-Pacific: Advanced Insulation Material Material Type Market, by Country, 2020−2027

Table11 Middle East & Africa: Advanced Insulation Material Material Type Market, by Country, 2020−2027

Table12 Latin America: Advanced Insulation Material Material Type Market, by Country, 2020−2027

Table 13 Global Advanced Insulation Material End-Use Industry Market, by Regions, 2020−2027

Table14 North America: Advanced Insulation Material End-Use Industry Market, by Country, 2020−2027

Table15 Europe: Advanced Insulation Material End-Use Industry Market, by Country, 2020−2027

Table16 Asia-Pacific: Advanced Insulation Material End-Use Industry Market, by Country, 2020−2027

Table17 Middle East & Africa: Advanced Insulation Material End-Use Industry Market, by Country, 2020−2027

Table18 Latin America: Advanced Insulation Material by End-Use Industry Market, by Country, 2020-2023

Table19 Global Material Type Market, by Region, 2020−2027

Table20 Global End-Use Industry Market, by Region, 2020−2027

Table21 North America: Advanced Insulation Material Market, by Country, 2020−2027

Table22 North America: Advanced Insulation Material Market, by Material Type, 2020−2027

Table23 North America: Advanced Insulation Material Market, by End-Use Industry, 2020−2027

Table24 Europe: Advanced Insulation Material Market, by Country, 2020−2027

Table25 Europe: Advanced Insulation Material Market, by Material Type, 2020−2027

Table26 Europe: Advanced Insulation Material Market, by End-Use Industry, 2020−2027

Table27 Asia-Pacific: Advanced Insulation Material Market, by Country, 2020−2027

Table28 Asia-Pacific: Advanced Insulation Material Market, by Material Type, 2020−2027

Table29 Asia-Pacific: Advanced Insulation Material Market, by End-Use Industry, 2020−2027

Table30 Middle East & Africa: Advanced Insulation Material Market, by Country, 2020−2027

Table31 Middle East & Africa: Advanced Insulation Material Market, by Material Type, 2020−2027

Table32 Middle East & Africa: Advanced Insulation Material Market, by End-Use Industry, 2020−2027

Table33 Latin America: Advanced Insulation Material Market, by Country, 2020−2027

Table34 Latin America: Advanced Insulation Material Market, by Material Type, 2020−2027

Table35 Latin America: Advanced Insulation Material Market, by End-Use Industry, 2020−2027

LIST OF FIGURES

FIGURE 1 Global Advanced Insulation Material Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of the Global Advanced Insulation Material Market

FIGURE 4 Value Chain of the Global Advanced Insulation Material Market

FIGURE 5 Share of the Global Advanced Insulation Material Market in 2020, by Country

FIGURE 6 Global Advanced Insulation Material Market, 2020−2027,

FIGURE 7 Global Advanced Insulation Material Market Size, by Material Type, 2020

FIGURE 8 Share of the Global Advanced Insulation Material Market, by Material Type, 2020−2027

FIGURE 9 Global Advanced Insulation Material Market Size, by End-Use Industry, 2020

FIGURE10 Share of the Global Advanced Insulation Material Market, by End-Use Industry, 2020−2027