Sample-Global Thermal Insulation Material Market
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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 />
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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 />
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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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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 />
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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 />
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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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