Sample-Global Thermal Insulation Material Market
The report titled “Global Thermal Insulation Materials Market (Glass Wool, Stone Wool, Expanded Polystyrene, Extruded Polystyrene, Polyurethane, Others): Analysis By End-Use, By Region, By Country (2018 Edition) – Forecast to 2023” has been segmented on the basis of Material Type - Glass Wool, Stone Wool, Expanded Polystyrene, Extruded Polystyrene, Polyurethane and Others), By Application (Building Construction, HVAC & Appliances, Industrial / Mechanical equipment, Automotive & Others), By Region (North America, Europe, Asia Pacific, ROW-Latin America, Middle East, Africa) and By Country (United States, Canada, Mexico, Germany, France, United Kingdom., Italy, China, South Korea, Japan).
The report titled “Global Thermal Insulation Materials Market (Glass Wool, Stone Wool, Expanded Polystyrene, Extruded Polystyrene, Polyurethane, Others): Analysis By End-Use, By Region, By Country (2018 Edition) – Forecast to 2023” has been segmented on the basis of Material Type - Glass Wool, Stone Wool, Expanded Polystyrene, Extruded Polystyrene, Polyurethane and Others), By Application (Building Construction, HVAC & Appliances, Industrial / Mechanical equipment, Automotive & Others), By Region (North America, Europe, Asia Pacific, ROW-Latin America, Middle East, Africa) and By Country (United States, Canada, Mexico, Germany, France, United Kingdom., Italy, China, South Korea, Japan).
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<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Material</strong>s <strong>Market</strong> (Glass Wool,<br />
Stone Wool, Expanded Polystyrene, Extruded Polystyrene,<br />
Polyurethane, Others): Analysis By End-Use, By Region, By<br />
Country (2018 Edition) – Forecast to 2023<br />
• By End-Use Industry (Building Construction,<br />
HVAC & Appliances, Industrial equipment/<br />
Mechanical, Automotive & Others),<br />
• By Region (Europe, North America, Asia<br />
Pacific, ROW- Latin America, Middle East &<br />
Africa),<br />
• By Country (United States, Canada,<br />
Mexico, Germany, France, United<br />
Kingdom, Italy, China, South Korea, Japan)<br />
(c) AZOTH Analytics June 20181
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded Polystyrene, Extruded Polystyrene,<br />
Polyurethane and Others), By End-Use (Building Construction, HVAC & Appliances, Industrial equipment/ Mechanical, Automotive &<br />
Others), By Region (Europe, North America, Asia Pacific, ROW- Latin America, Middle East & Africa), By Country (United States,<br />
Canada, Mexico, Germany, France, United Kingdom., Italy, China, South Korea, Japan): (2013-2023)<br />
Scope of the<br />
Study<br />
<strong>Global</strong> Coverage<br />
Regional Coverage<br />
Country Coverage<br />
Segment Coverage<br />
By <strong>Material</strong>s Type<br />
By Application Type<br />
Region (North America, Europe, APAC, ROW- Latin America, Middle East<br />
& Africa)<br />
Country (U.S, Canada, Mexico, Germany, France, United Kingdom, Italy<br />
China, India, Japan)<br />
<strong>Global</strong> Coverage<br />
Segment Coverage<br />
Country Coverage<br />
Company Coverage<br />
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>,<br />
By Value & Volume (2013 –2017)<br />
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>,<br />
By Value & Volume (2018 –2023)<br />
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>,<br />
By <strong>Material</strong> type, By Value (2013<br />
–2023)<br />
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>,<br />
By Application, By Value (2013 –<br />
2023)<br />
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>,<br />
By Region (North America,<br />
Europe, APAC, ROW), By Value &<br />
By Volume (2013-2023)<br />
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong><br />
<strong>Market</strong>, By <strong>Material</strong> Type:<br />
(Glass Wool, Stone Wool,<br />
Expanded Polystyrene,<br />
Extruded Polystyrene,<br />
Polyurethane and Others),<br />
(2013 –2023)<br />
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong><br />
<strong>Market</strong>, By End-Use :<br />
(Building Construction, HVAC<br />
& Appliances, Industrial<br />
equipment/ Mechanical,<br />
Automotive & Others), (2013 –<br />
2023)<br />
United States<br />
Canada<br />
Mexico<br />
Germany<br />
United Kingdom<br />
France<br />
Italy<br />
China<br />
South Korea<br />
Japan<br />
Armacell<br />
Rockwool<br />
Owens Corning<br />
Saint Gobain<br />
BASF<br />
DOW Chemicals<br />
Huntsman corporation<br />
Paroc Group<br />
Knauf <strong>Insulation</strong><br />
Johns Manville<br />
Sales Revenue Analysis<br />
Business Overview<br />
Trend ,Drivers and<br />
Challenges<br />
Five Force Porters<br />
Supply chain<br />
Company Share<br />
*for listed companies<br />
(c) AZOTH Analytics 2
Regional (By Value &<br />
Volume)<br />
<strong>Global</strong> –By<br />
Value & Volume<br />
Country (By Value)<br />
Scope of the Report – <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong><br />
Historical<br />
Forecast<br />
By <strong>Material</strong> Type, By<br />
Value<br />
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023<br />
By Application Type,<br />
By Value<br />
<strong>Market</strong> (By Value &<br />
Volume)<br />
North America<br />
Europe<br />
Asia Pacific<br />
Rest of World<br />
<strong>Market</strong> (By Value in<br />
Million USD)<br />
United States of America<br />
Canada<br />
Mexico<br />
Germany<br />
France<br />
United Kingdom<br />
Italy<br />
Rest of Europe<br />
China<br />
South Korea<br />
Japan<br />
Rest of Asia<br />
Company Analysis<br />
Regional Analysis<br />
Country Analysis<br />
Armacell, Rockwool, Owens Corning, Saint Gobain, BASF, DOW Chemicals, Huntsman corporation, Paroc Group, Knauf <strong>Insulation</strong>,<br />
Johns Manville<br />
North America, Europe, APAC, ROW<br />
U.S, Canada, Mexico, Germany, France, U.K, Italy, China, South Korea, Japan<br />
(c) AZOTH Analytics<br />
3
Table of Content<br />
S.No Particulars Page No.<br />
1. Research Methodology 19<br />
2. Executive Summary 20<br />
3. Strategic Recommendation 21<br />
3.1 Exploring new markets. 22<br />
3.2 Focus towards product mix to deliver more efficient and environment friendly thermal insulation. 23<br />
4. <strong>Thermal</strong> <strong>Insulation</strong> Outlook 24<br />
5. <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : Growth and Forecast 36<br />
5.1 <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Value (2013-2017) 37<br />
5.2 <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Volume (2013-2017) 38<br />
5.3 <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Value (2018-2023) 39<br />
5.4 <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Volume (2018-2023) 40<br />
6. <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> – Segment Analysis<br />
6.1<br />
6.2<br />
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong>s Type (Glass Wool, Stone Wool, Expanded Polystyrene,<br />
Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application Type (Building Construction, HVAC & Appliances,<br />
Industrial equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
43<br />
47<br />
6.3 <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Regional Analysis (2013-2023) 50<br />
(c) AZOTH Analytics<br />
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Table of Content<br />
S. No Particulars Page No.<br />
7. North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: An Analysis<br />
7.1. North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Value (2013-2017) 54<br />
7.2 North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Volume (2013-2017) 55<br />
7.3 North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Value (2018-2023) 56<br />
7.4 North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Volume (2018-2023)<br />
57<br />
7.5<br />
7.6<br />
North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong>s Type (Glass Wool, Stone Wool, Expanded<br />
Polystyrene, Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application Type (Building Construction, HVAC &<br />
Appliances, Industrial equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
58<br />
59<br />
8. North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: Country Analysis<br />
8.1 United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size- By Value (2013-2023) 63<br />
8.2<br />
8.3<br />
United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded<br />
Polystyrene, Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC & Appliances,<br />
Industrial equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
8.4 United States Economic and Industrial Statistics<br />
65<br />
66<br />
68<br />
8.5 Canada <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size- By Value (2013-2023) 70<br />
8.6<br />
8.7<br />
Canada <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded Polystyrene,<br />
Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
Canada <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC & Appliances, Industrial<br />
equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
8.8 Canada Economic and Industrial Statistics<br />
71<br />
72<br />
73<br />
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8.9 Mexico <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size- By Value (2013-2023)<br />
75<br />
8.10<br />
8.11<br />
Mexico <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded Polystyrene,<br />
Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
Mexico <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC & Appliances, Industrial<br />
equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
8.12 Mexico Economic and Industrial Statistics 78<br />
9. Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: An Analysis<br />
9.1 Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Value (2013-2017) 81<br />
9.2 Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Volume (2013-2017) 82<br />
9.3 Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Value (2018-2023) 83<br />
76<br />
77<br />
9.4 Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Volume (2018-2023)<br />
84<br />
9.5<br />
9.6<br />
Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong>s Type (Glass Wool, Stone Wool, Expanded Polystyrene,<br />
Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application Type (Building Construction, HVAC & Appliances,<br />
Industrial equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
85<br />
86<br />
10 Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: Country Analysis<br />
10.1 Germany <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size- By Value (2013-2023) 89<br />
10.2<br />
10.3<br />
Germany <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded Polystyrene,<br />
Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
Germany <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC & Appliances,<br />
Industrial equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
10.4 Germany Economic and Industrial Statistics 92<br />
90<br />
91<br />
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10.5 France <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size- By Value (2013-2023)<br />
10.6<br />
10.7<br />
France <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded Polystyrene,<br />
Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
France <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC & Appliances, Industrial<br />
equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
10.8 France Economic and Industrial Statistics<br />
10.9 United Kingdom <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size- By Value (2013-2023)<br />
95<br />
96<br />
97<br />
98<br />
100<br />
10.10<br />
10.11<br />
United Kingdom <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded<br />
Polystyrene, Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
United Kingdom <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC & Appliances,<br />
Industrial equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
101<br />
102<br />
10.12 United Kingdom Economic and Industrial Statistics<br />
10.13 Italy <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size- By Value (2013-2023)<br />
103<br />
105<br />
10.14<br />
10.15<br />
Italy <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded Polystyrene,<br />
Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
Italy <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC & Appliances, Industrial<br />
equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
106<br />
107<br />
10.16 Italy Economic and Industrial Statistics<br />
108<br />
(c) AZOTH Analytics<br />
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Table of Content<br />
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10.17 Rest of Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size- By Value (2013-2023)<br />
10.18<br />
10.19<br />
Rest of Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded<br />
Polystyrene, Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
Rest of Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC & Appliances,<br />
Industrial equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
11. Asia Pacific <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: An Analysis<br />
11.1 Asia Pacific <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Value (2013-2017)<br />
11.2 Asia Pacific <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Volume (2013-2017)<br />
11.3 Asia Pacific <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Value (2018-2023)<br />
11.4 Asia Pacific <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Volume (2018-2023)<br />
11.5<br />
11.6<br />
Asia Pacific <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong>s Type (Glass Wool, Stone Wool, Expanded<br />
Polystyrene, Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
Asia Pacific <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application Type (Building Construction, HVAC & Appliances,<br />
Industrial equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
12 Asia Pacific <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: Country Analysis<br />
12.1 China <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size- By Value (2013-2023)<br />
12.2<br />
12.3<br />
China <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded Polystyrene,<br />
Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
China <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC & Appliances, Industrial<br />
equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
12.4 China Economic and Industrial Statistics<br />
110<br />
111<br />
112<br />
113<br />
114<br />
115<br />
116<br />
117<br />
118<br />
119<br />
120<br />
122<br />
123<br />
124<br />
125<br />
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Table of Content<br />
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12.5 South Korea <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size- By Value (2013-2023)<br />
127<br />
12.6<br />
12.7<br />
South Korea <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded<br />
Polystyrene, Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
South Korea <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC & Appliances,<br />
Industrial equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
128<br />
129<br />
12.8 South Korea Economic and Industrial Statistics<br />
12.9 Japan <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size- By Value (2013-2023)<br />
12.10<br />
12.11<br />
Japan <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded Polystyrene,<br />
Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
Japan <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC & Appliances, Industrial<br />
equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
12.12 Japan Economic and Industrial Statistics<br />
12.13 Rest of Asia Pacific <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size- By Value (2013-2023)<br />
12.3<br />
12.4<br />
Rest of Asia Pacific <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded<br />
Polystyrene, Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
Rest of Asia Pacific <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC &<br />
Appliances, Industrial equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
13. Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: An Analysis<br />
13.1 Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Value (2013-2017)<br />
13.2 Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Volume (2013-2017)<br />
13.3 Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Value (2018-2023)<br />
131<br />
132<br />
133<br />
134<br />
136<br />
137<br />
138<br />
139<br />
140<br />
141<br />
141<br />
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13.4 Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> : By Volume (2018-2023)<br />
13.5<br />
13.6<br />
13.7<br />
14 <strong>Market</strong> Dynamics<br />
Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By <strong>Material</strong> Type (Glass Wool, Stone Wool, Expanded<br />
Polystyrene, Extruded Polystyrene, Polyurethane and Others), By Value (2013-2023)<br />
Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Application (Building Construction, HVAC & Appliances,<br />
Industrial equipment/ Mechanical, Automotive & Others), By Value (2013-2023)<br />
Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> -By Region (Latin America, Middle East & Africa), By Value<br />
(2013-2023)<br />
14.1 <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Growth Drivers<br />
14.2 <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Challenges<br />
14.3 <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Trends<br />
15 Competitive Landscape<br />
15.1 Porter’s Five Force Model<br />
15.2 Supply Chain Analysis<br />
142<br />
142<br />
143<br />
144<br />
145<br />
146<br />
150<br />
153<br />
155<br />
156<br />
160<br />
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Table of Content<br />
S. No Particulars Page No.<br />
16. Company Profiling<br />
16.1 Armacell<br />
16.2 Rockwool<br />
16.3 Owens Corning<br />
16.4 Saint Gobain<br />
16.5 BASF<br />
16.6 DOW Chemicals<br />
16.7 Huntsman Corporation<br />
16.8 Paroc Group<br />
16.9 Knauf <strong>Insulation</strong><br />
16.10 Johns Manville<br />
161<br />
162<br />
165<br />
169<br />
173<br />
177<br />
181<br />
183<br />
186<br />
189<br />
190<br />
17 About Us<br />
(c) AZOTH Analytics<br />
10
List of Figures<br />
Figure No. Figure Title Page No.<br />
Figure 1: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2017 (USD Million) 37<br />
Figure 2: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2013-2017 (Million Cubic Meter) 38<br />
Figure 3: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2018-2023 (USD Million) 39<br />
Figure 4: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2018-2023 (Million Cubic Meter) 40<br />
Figure 5: <strong>Global</strong> Construction of New Housing Units, 2012-2016 (Million Units) 41<br />
Figure 6: <strong>Global</strong> Residential Construction Value, 2013-2017 (USD Trillion) 41<br />
Figure 7: <strong>Global</strong> Investment value in Commercial Real Estate, 2013-2017 (USD Billion) 42<br />
Figure 8: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 44<br />
Figure 9: <strong>Thermal</strong> <strong>Insulation</strong> - Segment Share according to <strong>Material</strong> Type, 2017 (%) 46<br />
Figure 10: <strong>Thermal</strong> <strong>Insulation</strong> - Segment Share according to <strong>Material</strong> Type, 2023E (%) 46<br />
Figure 11: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 48<br />
Figure 12: <strong>Thermal</strong> <strong>Insulation</strong> - Segment Share according to Application Type, 2017 (%) 49<br />
Figure 13: <strong>Thermal</strong> <strong>Insulation</strong> - Segment Share according to Application Type, 2023E (%) 49<br />
Figure 14: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Region, 2017 (%) 51<br />
Figure 15: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Region, 2023 (%) 52<br />
Figure 16: North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2017 (USD Million) 54<br />
Figure 17: North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2018-2023 (USD Million) 55<br />
Figure 18: North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2013-2017 (Million Meter Cube) 56<br />
Figure 19: North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2018-2023 (Million Cubic Meters) 57<br />
Figure 20: North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 58<br />
(c) AZOTH Analytics<br />
11
List of Figures<br />
Figure No. Figure Title Page No.<br />
Figure 21: North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 59<br />
Figure 22: United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 63<br />
Figure 23: United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 65<br />
Figure 24: United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 66<br />
Figure 25: U.S. Total Construction Spending(Million USD), 2012-2016 67<br />
Figure 26: U.S. Residential & Non-Residential construction spending (Million USD) 67<br />
Figure 27: United States Average Industrial Index, 2013-2017 68<br />
Figure 28: United States Gross Domestic Product Growth Rate (%) 68<br />
Figure 29: United States Automotive Production (Car & Commercial Vehicles Production- Million Units), 2013-2017 68<br />
Figure 30: Canada <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 70<br />
Figure 31: Canada <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 71<br />
Figure 32: Canada <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 72<br />
Figure 33: Canada’s Housing Sales Activity (Number of Houses sold) 73<br />
Figure 34: Canada’s Gross Domestic Product Growth Rate (%) 73<br />
Figure 35: Canada Automotive Production (Car & Commercial Vehicles Production- Million Units), 2013-2017 73<br />
Figure 36: Mexico <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 75<br />
Figure 37: Mexico <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 76<br />
Figure 38: Mexico <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 77<br />
Figure 39: Mexico GDP growth rate, 2013-2017 ( in percentage) 78<br />
Figure 40: Mexico Construction growth rate, 2013-2017 ( in percentage) 78<br />
(c) AZOTH Analytics<br />
12
List of Figures<br />
Figure No. Figure Title Page No.<br />
Figure 41: Mexico urbanization rate, 2011-2016 ( in percentage) 79<br />
Figure 42: Mexico Automotive Production (Car & Commercial Vehicles Production- Million Units), 2013-2017 79<br />
Figure 43: Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2017 (USD Million) 81<br />
Figure 44: Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2018-2023 (USD Million) 82<br />
Figure 45: Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2013-2017 (Million meter cube) 83<br />
Figure 46: Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2018-2023 (Million meter cube) 84<br />
Figure 47: Europe GDP growth rate(%)-(2013-2017) 86<br />
Figure 48: European Commission’s construction output growth rate(%)-(2013-2017) 86<br />
Figure 49: Germany <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 89<br />
Figure 50: Germany <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 90<br />
Figure 51: Germany <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 91<br />
Figure 52: Germany Construction Spending on New Buildings(Euro Thousand), 2012-2016 92<br />
Figure 53: Germany Buildings and Reconstruction projects (in Units) 92<br />
Figure 54: Germany Automotive Production (Car & Commercial Vehicles Production- Million Units), 2013-2017 93<br />
Figure 55: Germany’s Gross Domestic Product Growth Rate (%) 93<br />
Figure 56: France <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 95<br />
Figure 57: France <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 96<br />
Figure 58: France <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 97<br />
Figure 59: France GDP growth rate(%), 2013-2016 98<br />
Figure 60: France Residential construction projects (in Units) 98<br />
(c) AZOTH Analytics<br />
13
List of Figures<br />
Figure No.<br />
Page No.<br />
Figure 61: United Kingdom <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 100<br />
Figure 62: United Kingdom <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 101<br />
Figure 63: United Kingdom <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 102<br />
Figure 64: United Kingdom Gross Domestic Product Growth Rate (%) 103<br />
Figure 65: U.K New Housing and Commercial construction data 103<br />
Figure 66: U.K Automotive Production (Car & Commercial Vehicles Production- Million Units), 2013-2017 103<br />
Figure 67: Italy <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 105<br />
Figure 68: Italy <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 106<br />
Figure 69: Italy <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 107<br />
Figure 70: Italy’s Gross Domestic Product Growth Rate (%) 108<br />
Figure 71: Italy Automotive Production (Car & Commercial Vehicles Production- Units), 2013-2017 108<br />
Figure 72: Rest of Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 110<br />
Figure 73: Rest of Europe <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 111<br />
Figure 74: Rest of Europe <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 112<br />
Figure 75: APAC <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2017 (USD Million) 114<br />
Figure 76: APAC <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2018-2023 (USD Million) 115<br />
Figure 77: APAC <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2013-2017 (Million meter cube) 116<br />
Figure 78: APAC <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2018-2023 (Million meter cube) 117<br />
Figure 79: APAC <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 118<br />
Figure 80: APAC <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 118<br />
(c) AZOTH Analytics<br />
14
List of Figures<br />
Figure No. Figure Title Page No.<br />
Figure 81: <strong>Market</strong> Share of <strong>Thermal</strong> <strong>Insulation</strong> companies in Asia Pacific region (2017) 120<br />
Figure 82: China <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 122<br />
Figure 83: China <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 123<br />
Figure 84: China <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 124<br />
Figure 85: China’s Gross Domestic Product Growth Rate (%) 125<br />
Figure 86: China Automotive Production (Car & Commercial Vehicles Production- Million Units), 2013-2017 125<br />
Figure 87: South Korea <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 127<br />
Figure 88: South Korea <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 128<br />
Figure 89: South Korea <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 129<br />
Figure 90: Japan <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 131<br />
Figure 91: Japan <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 132<br />
Figure 92: Japan <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 133<br />
Figure 93: Japan’s Gross Domestic Product Growth Rate (%) 134<br />
Figure 94: Japan Automotive Production (Car & Commercial Vehicles Production- Million Units), 2013-2017 134<br />
Figure 95: Rest of APAC <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 136<br />
Figure 96: Rest of APAC <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 137<br />
Figure 97: Rest of APAC <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 138<br />
Figure 98: Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million) 140<br />
Figure 99: Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2013-2023 (Million meter cube) 141<br />
Figure 100: Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million) 142<br />
(c) AZOTH Analytics<br />
15
List of Figures<br />
Figure No. Figure Title Page No.<br />
Figure 101: Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million) 143<br />
Figure 102: Rest of World <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Region, 2013-2023 (USD Million) 144<br />
Figure 103: Annual Sales Revenue,2013-2017 (USD Million) 163<br />
Figure 104: Annual EBITDA,2013-2017 (USD Million) 163<br />
Figure 105: Sales Revenue, By Geographic Segment, FY2017 (%) 164<br />
Figure 106: Sales Revenue, By Business Segment, FY2017 (%) 164<br />
Figure 107: Annual Sales Revenue,2013-2017 (USD Million) 166<br />
Figure 108: Annual EBITDA,2013-2017 (USD Million) 166<br />
Figure 109: Rockwool - Sales Revenue, By Geographic Segment, FY2017 (%) 167<br />
Figure 110: Rockwool - Sales Revenue, By Business Segment, FY2017 (%) 167<br />
Figure 111: Owens Corning - Annual Sales Revenue,2013-2017 (USD Million) 170<br />
Figure 112: Owens Corning - Annual Net Income,2013-2017 (USD Million) 170<br />
Figure 113: Owens Corning - Sales Revenue, By Geographic Segment, FY2017 (%) 171<br />
Figure 114: Owens Corning - Sales Revenue, By Business Segment, FY2017 (%) 171<br />
Figure 115: Saint Gobain-Annual Sales Revenue,2013-2017 (USD Million) 174<br />
Figure 116: Saint Gobain-Annual Net Income,2013-2017 (USD Million) 174<br />
Figure 117: Saint-Gobain - Sales Revenue, By Geographic Segment, FY2017 (%) 175<br />
Figure 118: Saint-Gobain - Sales Revenue, By Business Segment, FY2017 (%) 175<br />
Figure 119: BASF Financials, Annual Sales Revenue, 2013-2017 (USD Billion) 178<br />
Figure 120: BASF Financials, Annual Net Income/Loss,2013-2017 (USD Billion) 178<br />
(c) AZOTH Analytics<br />
16
List of Figures<br />
Figure No. Figure Title Page No.<br />
Figure 121: BASF-Sales Revenue, By Geographic Segment, FY2017 (%) 179<br />
Figure 122: BASF-Sales Revenue, By Business Segment, FY2017 (%) 179<br />
Figure 123: DOW Chemicals Financials, Annual Sales Revenue,2012-2016 (USD Million) 182<br />
Figure 124: DOW Chemicals - ales Revenue, By Business Segment, FY2012 (%) 182<br />
Figure 125: Huntsman-Annual Sales Revenue,2013-2017 (USD Million) 184<br />
Figure 126: Huntsman-Annual Net Income,2013-2017 (USD Million) 184<br />
Figure 127: Huntsman-Sales Revenue, By Geographic Segment, FY2017 (%) 185<br />
Figure 128: Huntsman - Sales Revenue, By Business Segment, FY2017 (%) 185<br />
Figure 129: Paroc-Annual Sales Revenue,2013-2016 (USD Million) 187<br />
Figure 130: Paroc-Annual Operating profit,2013-2016 (USD Million) 187<br />
Figure 131: Paroc-Sales Revenue, By Geographic Segment, FY2016 (%) 188<br />
Figure 132: Paroc-Sales Revenue, By Business Segment, FY2016 (%) 188<br />
(c) AZOTH Analytics<br />
17
Research Methodology<br />
For our study on <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>, we have conducted comprehensive secondary research<br />
followed by an extensive primary research. In the process of secondary research, we have scrutinized<br />
industry documents, accessed from open sources, premium paid databases and our internal knowledge<br />
base. In the process of primary research, we have interviewed various industry experts across the value<br />
chain of the <strong>Thermal</strong> <strong>Insulation</strong> industry.<br />
<strong>Market</strong> size of the actual period (2013-2017) has been evaluated on the basis of growth trends of the<br />
industry in the last five years, and confirming the findings through primary research. Annual reports of<br />
the companies are scanned to further validate the market size and to estimate the size of various other<br />
applications. <strong>Market</strong> sizing and growth in the forecast period (2018-2023) is estimated through revenue<br />
mapping, growth of new advance equipment and technology and historical growth pattern of the<br />
industry. All the relevant data points/ statistics in the forecast period are validated through relevant and<br />
reliable primary sources.<br />
Report Focus: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>.<br />
- By <strong>Material</strong> : (Glass Wool, Stone Wool, Expanded Polystyrene, Extruded Polystyrene, Polyurethane and<br />
Others)<br />
- By Application : (Building Construction, HVAC & Appliances, Industrial equipment/ Mechanical, Automotive<br />
& Others)<br />
- By Region (North America, Europe, Asia Pacific, Rest of World- Latin America, Middle East & Africa)<br />
- By Country (U.S, Canada, Mexico, Germany, U.K, France, Italy, China, South Korea, Japan)<br />
Companies Contacted: Saint Gobain, Huntsman Group.<br />
(c) AZOTH Analytics<br />
19
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: Growth & Forecast<br />
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> market is advanced by adopting energy saving measures in rapid growing<br />
building construction industry and other major industrial plants.<br />
r<br />
Figure 1: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2017 (USD Million)<br />
CAGR 2013-2017<br />
xx%<br />
2013 2014 2015 2016 2017E<br />
Source: Azoth Analytics Estimates<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
(c) AZOTH Analytics<br />
20
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: Growth & Forecast<br />
Asia and North America drove the market of thermal insulation material at significant growth rate.<br />
Figure 2: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2013-2017 (Million Cubic Meter)<br />
CAGR 2013-2017<br />
xx%<br />
2013 2014 2015 2016 2017E<br />
Source: Azoth Analytics Estimates<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
(c) AZOTH Analytics<br />
21
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: Growth & Forecast<br />
<strong>Thermal</strong> <strong>Insulation</strong> is anticipated to grow on account of rising investment in energy efficiency<br />
measures coupled with improving economic growth in developed and developing regions.<br />
Figure 3: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2018-2023 (USD Million)<br />
CAGR 2018-2023<br />
xx%<br />
2018F 2019F 2020F 2021F 2022F 2023F<br />
Source: Azoth Analytics Estimates<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
(c) AZOTH Analytics<br />
22
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: Growth & Forecast<br />
Reduction in prices due to economies of scale will increase penetration of thermal insulation<br />
materials in central Asia and Africa region.<br />
Figure 4: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2018-2023 (Million Cubic Meter)<br />
CAGR 2018-2023<br />
xx%<br />
2018F 2019F 2020F 2021F 2022F 2023F<br />
Source: Azoth Analytics Estimates<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
(c) AZOTH Analytics<br />
23
<strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>, By <strong>Material</strong><br />
Figure 8: <strong>Global</strong> <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million)<br />
CAGR 2013-2017<br />
Glass Wool : xx%<br />
Stone Wool : xx%<br />
Expanded Polystyrene : xx%<br />
Extruded Polystyrene : xx%<br />
Polyurethane : xx%<br />
Others : xx%<br />
CAGR 2018-2023<br />
Glass Wool : xx%<br />
Stone Wool : xx%<br />
Expanded Polystyrene : xx%<br />
Extruded Polystyrene : xx%<br />
Polyurethane : xx%<br />
Others : xx%<br />
Glass Wool Stone Wool Expanded Polystrene(EPS) Extruded polystyrene Polyurethane(PU) Others<br />
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023<br />
Glass Wool<br />
Stone Wool<br />
Expanded<br />
Polystyrene<br />
Extruded<br />
Polystyrene<br />
Polyurethane<br />
Others<br />
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Source: Xx Azoth Xx Analytics Xx Estimates Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Source: Azoth Analytics Estimates<br />
(c) AZOTH Analytics<br />
24
North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong><br />
Promoting awareness towards energy efficiency coupled with growth in construction industry<br />
drew the demand of thermal insulation materials in North American region.<br />
Figure 16: North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2017 (USD Million)<br />
CAGR 2013-2017<br />
xx%<br />
2013 2014 2015 2016 2017E<br />
Source: Azoth Analytics Estimates<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
(c) AZOTH Analytics<br />
25
North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong><br />
Revival of the economic activities coupled with growth in industrial and construction sector would<br />
led to drive the demand of thermal insulation material in forecasted period.<br />
Figure 17: North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2018-2023 (USD Million)<br />
CAGR 2018-2023<br />
xx%<br />
2018F 2019F 2020F 2021F 2022F 2023F<br />
Source: Azoth Analytics Estimates<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
(c) AZOTH Analytics<br />
26
North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong><br />
Increasing demand of insulating materials for efficient building energy management and for HVAC<br />
application drew the demand of thermal insulation materials.<br />
Figure 18: North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2013-2017 (Million Meter Cube)<br />
CAGR 2013-2017<br />
xx%<br />
2013 2014 2015 2016 2017E<br />
Source: Azoth Analytics Estimates<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
(c) AZOTH Analytics<br />
27
North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong><br />
Rising rate of urban population led to creation of demand for residential and commercial spaces,<br />
HVAC Equipments , appliances and automotive vehicles will drive the demand of insulation products.<br />
Figure 19: North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Volume, 2018-2023 (Million Cubic Meters)<br />
CAGR 2018-2023<br />
xx%<br />
2018 2019 2020 2021 2022 2023<br />
Source: Azoth Analytics Estimates<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
(c) AZOTH Analytics<br />
28
North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>, By <strong>Material</strong><br />
Figure 20: North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million)<br />
CAGR 2013-2017<br />
Glass Wool : xx%<br />
Stone Wool : xx%<br />
Expanded Polystyrene : xx%<br />
Extruded Polystyrene : xx%<br />
Polyurethane : xx%<br />
Others : xx%<br />
CAGR 2018-2023<br />
Glass Wool : xx%<br />
Stone Wool : xx%<br />
Expanded Polystyrene : xx%<br />
Extruded Polystyrene : xx%<br />
Polyurethane : xx%<br />
Others : xx%<br />
Glass Wool Stone Wool Expanded Polystrene(EPS) Extruded polystyrene(XPS) Polyurethane(PU) Others<br />
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023<br />
Glass Wool<br />
Stone Wool<br />
Expanded<br />
Polystyrene<br />
Extruded<br />
Polystyrene<br />
Polyurethane<br />
Others<br />
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Source: Xx Azoth Xx Analytics Xx Estimates Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Source: Azoth Analytics Estimates<br />
(c) AZOTH Analytics<br />
29
North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>, By Application<br />
Figure 21: North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million)<br />
CAGR 2013-2017<br />
Building Construction : xx%<br />
HVAC & Appliances : xx%<br />
Industrial Equipments/Mechanical : xx%<br />
Automotive : xx%<br />
Others : xx%<br />
CAGR 2018-2023<br />
Building Construction : xx%<br />
HVAC & Appliances : xx%<br />
Industrial Equipments/Mechanical : xx%<br />
Automotive : xx%<br />
Others : xx%<br />
Building Construction HVAC & Appliances Industrial Equipment/Mechanical Automotive Others<br />
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023<br />
Building<br />
Construction<br />
HVAC &<br />
Appliances<br />
Industrial<br />
Equipment/<br />
Mechanical<br />
Automotive<br />
Others<br />
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Source: Azoth Analytics Estimates<br />
(c) AZOTH Analytics<br />
30
North America <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong><br />
<strong>Market</strong> Share of <strong>Thermal</strong> <strong>Insulation</strong> companies in North America region (2017)<br />
Owens<br />
Corning<br />
others,<br />
Dow<br />
Chemicals<br />
Johns<br />
Manville<br />
CertainTeed<br />
Corporation-Saint<br />
Gobain<br />
Knauf <strong>Insulation</strong><br />
Huntsman<br />
ROCKWOOL<br />
International<br />
Source: Company’s Financial Reports & Azoth Analytics Estimates<br />
• .<br />
Xx<br />
Xxx<br />
Xx<br />
Xx<br />
.<br />
(c) AZOTH Analytics<br />
31
United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>, By Value<br />
Thriving demand of green building construction fuelled the demand of thermal insulation products.<br />
Figure 22: United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong> Size, By Value, 2013-2023 (USD Million)<br />
CAGR 2013-2017<br />
xx%<br />
CAGR 2018-2023<br />
xx%<br />
2013 2014 2015 2016 2017E 2018F 2019F 2020F 2021F 2022F 2023F<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Source: Azoth Analytics Estimates<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
(c) AZOTH Analytics 32
United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong><br />
Economic Snapshot of <strong>Insulation</strong> Industry (2017)<br />
Employment<br />
Payroll (USD Billion)<br />
<strong>Insulation</strong> Manufacturing Xx Xx<br />
Distribution Wholesale Xx Xx<br />
Installation Xx Xx<br />
Total Xx Xx<br />
• .<br />
(c) AZOTH Analytics<br />
33
United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>, By <strong>Material</strong><br />
Figure 23: United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By <strong>Material</strong>, By Value, 2013-2023 (USD Million)<br />
CAGR 2013-2017<br />
Glass Wool : xx%<br />
Stone Wool : xx%<br />
Expanded Polystyrene : xx%<br />
Extruded Polystyrene : xx%<br />
Polyurethane : xx%<br />
Others : xx%<br />
CAGR 2018-2023<br />
Glass Wool : xx%<br />
Stone Wool : xx%<br />
Expanded Polystyrene : xx%<br />
Extruded Polystyrene : xx%<br />
Polyurethane : xx%<br />
Others : xx%<br />
Glass Wool Stone Wool Expanded Polystrene(EPS) Extruded polystyrene(XPS) Polyurethane(PU) Others<br />
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023<br />
Glass Wool<br />
Stone Wool<br />
Expanded<br />
Polystyrene<br />
Extruded<br />
Polystyrene<br />
Polyurethane<br />
Others<br />
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Source: Xx Azoth Xx Analytics Xx Estimates Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Source: Azoth Analytics Estimates<br />
(c) AZOTH Analytics<br />
34
United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>, By Application<br />
Figure 24: United States <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong>: By Application, By Value, 2013-2023 (USD Million)<br />
CAGR 2013-2017<br />
Building Construction : xx%<br />
HVAC & Appliances : xx%<br />
Industrial Equipments/Mechanical : xx%<br />
Automotive : xx%<br />
Others : xx%<br />
CAGR 2018-2023<br />
Building Construction : xx%<br />
HVAC & Appliances : xx%<br />
Industrial Equipments/Mechanical : xx%<br />
Automotive : xx%<br />
Others : xx%<br />
Building Construction HVAC & Appliances Industrial Equipment/Mechanical Automotive Others<br />
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023<br />
Building<br />
Construction<br />
HVAC &<br />
Appliances<br />
Industrial<br />
Equipment/<br />
Mechanical<br />
Automotive<br />
Others<br />
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx Xx<br />
Source: Azoth Analytics Estimates<br />
(c) AZOTH Analytics<br />
35
United States Economic & Industrial Statistics<br />
Figure 25: U.S. Total Construction Spending(Million USD),<br />
2012-2016<br />
Figure 26: U.S. Residential & Non-Residential<br />
construction spending (Million USD)<br />
2016<br />
2015<br />
Nonresidential<br />
Residential<br />
2014<br />
2013<br />
2013 2014 2015 2016 2017<br />
2012<br />
Source: US Census Bureau<br />
Source: U.S. Census Bureau<br />
Xx<br />
Xx<br />
Xx<br />
Xx<br />
• .<br />
Xx<br />
Xx<br />
Xx<br />
(c) AZOTH Analytics<br />
36
United States Economic & Industrial Statistics<br />
Figure 27: United States Average Industrial<br />
Index, 2013-2017<br />
Figure 28: United States Gross Domestic Product<br />
Growth Rate (%)<br />
2013 2014 2015 2016 2017<br />
2013 2014 2015 2016 2017<br />
Source: IMF<br />
Figure 29: United States Automotive Production (Car &<br />
Commercial Vehicles Production- Million Units), 2013-2017<br />
2013 2014 2015 2016 2017<br />
Source: IOCA<br />
(c) AZOTH Analytics 37
Porter’s Five Forces Model- <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong><br />
Threat of new entrants – Moderate<br />
Bargaining Power of Buyers – High<br />
1. xx<br />
1. xx<br />
2. xx<br />
2. xx<br />
3. xx<br />
3. xx<br />
4. xx<br />
Industry Competition- Moderate<br />
1. xx<br />
2. xx<br />
Bargaining Power of Suppliers – Moderate<br />
THREATS OF SUBSTITUTES – Low<br />
1. xx<br />
2. xx<br />
3. xx<br />
4. xx<br />
1. xx<br />
2. xx<br />
3. xx<br />
4. xx<br />
(c) AZOTH Analytics<br />
38
(c) AZOTH Analytics 39
Armacell<br />
BUSINESS OVERVIEW<br />
COMPANY AT A GLANCE<br />
• Armacell is one of the leading global insulation material manufacturer for<br />
equipment insulation.<br />
• Armacell is an inventor of flexible elastomeric foams for equipment<br />
insulation. It develops innovative and safe thermal, acoustic and<br />
mechanical solutions.<br />
• Armacell operates in two main business i.e. Advanced insulation and<br />
engineered foam.<br />
• Company operates 25 manufacturing plants in 16 countries across the<br />
globe.<br />
Employees: 2,990<br />
Company Type: Public<br />
Year of Incorporation : 1860<br />
Headquarter: Luxembourg<br />
Revenue: USD 674.86 Million (FY-2017)<br />
Business Categories:<br />
Advanced <strong>Insulation</strong><br />
Engineered Foam<br />
Industry: Chemical & <strong>Insulation</strong> <strong>Material</strong><br />
Website : www.corporate.armacell.com<br />
Presence in <strong>Thermal</strong> <strong>Insulation</strong> <strong>Market</strong><br />
• The product focus is on insulation material for technical equipment, high performance foam for high-tech and lightweight applications<br />
and next generation aerogel technology.<br />
• Different type of insulation material manufacture by company is applied in various equipment of automotive, building construction,<br />
energy, industrial, oil & gas and transportation sector.<br />
(c) AZOTH Analytics<br />
40
Armacell<br />
Figure 103: Annual Sales Revenue,2013-2017 (USD<br />
Million)<br />
Figure 104: Annual EBITDA,2013-2017 (USD Million)<br />
2013 2014 2015 2016 2017 2013 2014 2015 2016 2017<br />
Source: Company Reports<br />
(c) AZOTH Analytics<br />
41
Armacell<br />
Figure 105: Sales Revenue, By<br />
Geographic Segment, FY2017 (%)<br />
Figure 106: Sales Revenue, By<br />
Business Segment, FY2017 (%)<br />
Sales Revenue:<br />
USD xx Million<br />
Sales Revenue:<br />
USD xx Million<br />
20%<br />
21%<br />
38%<br />
42%<br />
79%<br />
Americas EMEA APAC<br />
Advanced <strong>Insulation</strong><br />
Engineered Foam<br />
Source: Company Reports<br />
(c) AZOTH Analytics<br />
42
About Azoth Analytics Pvt Ltd.<br />
Azoth Analytics is a business research and analytics firm that creates in-depth research reports and provides customized research solutions and consultancy<br />
services. Verticals in which Azoth Analytics specializes include healthcare and pharmaceutical, oil and gas, retail, chemicals, automotive, FMCG, food &<br />
beverages and technology. Azoth creates comprehensive and in-depth research reports by recording, interpreting and analyzing information. Strategic<br />
market sizing and data dredging techniques include secondary research, and primary research (interviews with management personnel and industry experts).<br />
Disclaimer: Azoth Analytics report information is based mainly on interviews and therefore, is subject to fluctuation. Azoth Analytics therefore, takes no responsibility for<br />
any incorrect information supplied to us by industry experts, manufacturers or users. Azoth does not warranty the completeness of the information and data. Also, analysis<br />
provided in the report are meant for customers’ internal use only and not for general publication or disclosure to third parties.<br />
(c) AZOTH Analytics 43
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