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Thin Insulation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Thin Insulation Market is segmented by Type (Coatings, Sheets and Films, Foams, Vacuum Insulation Panels, and Other Types), Materials (Aerogels, Metals, Plastic Foams, and Other Materials), End User (Automotive, Aerospace, Building and Construction, Oil and Gas, and Other End User), and Geography (Asia-Pacific, Asia-Pacific, Europe, South America, and Middle-East and Africa).

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Thin Insulation Market Size

Thin Insulation Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Thin Insulation Market Key players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Thin Insulation Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Thin Insulation Market Analysis

The market for thin insulation is expected to register a CAGR of over 5% during the forecast timeframe. The major factor driving the growth of the market is the growing consumption in the building and construction sector due to better R-value or thermal insulation. Other factors, such as increasing utilization for insulation in high energy-consuming industries, like oil and gas, are expected to propel the interest of the market. On the other side, unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

  • The building and construction segments make broad use of thin insulation, as these insulating materials take less space and cater to better thermal insulation compared to traditional insulating methods, thus, gaining an advantage over traditional methods.
  • Asia-Pacific is forecasted to own the largest market share, due to the increasing building and construction activities and the upcoming projects in the region.

Thin Insulation Market Trends

This section covers the major market trends shaping the Thin Insulation Market according to our research experts:

The Building and Construction Sector to Boost the Market

  • The building and construction sector makes extensive use of thin insulation, as these thin films provide the purpose of heat insulation, and at the same time, deal with the spacing problems which are prevalent in the industry.
  • With rapid expansion and urbanization, construction activities have surged, like infrastructure, corporate buildings, residential, etc., which in turn, is expected to grow the demand for thin insulation material in the market.
  • The global expenditure of the building and construction industry in 2019 was about USD 11 trillion, and it is evaluated to expand up to USD 14 trillion by the end of 2025, thus, benefitting the market during the forecast period.
  • In 2019, the industry revenue of the construction sector from its different segments of specialized construction activities, construction of buildings, civil engineering, etc., is estimated to accrue USD 201.31 billion, USD 86.7 billion, and USD 45.55 billion, respectively.
  • All the aforementioned factors, along with government support, are expected to drive the global thin insulation market during the forecast period.
Thin Insulation Market Share

Asia-Pacific to be the Largest Market for Thin Insulation

  • Asia-Pacific is expected to have the largest market share in the thin insulation market during the forecast period.
  • Developing nations, for instance, India and China, create enormous interest in the items. China's thirteenth Five-Year Plan (2016 - 2020) expects to target the development of 6.5% during a similar period.
  • The Indian government has made an ongoing declaration of its arrangement to incorporate the development of 100 smart cities across the country by investing USD 28.18 billion in the project.
  • The building and construction sector of Asia-Pacific accounts for around 46% of the global market share, thus, making the region lucrative for the thin insulation market.
  • Thus, the rising demand from various industries is expected to drive the market in the region during the forecast period.
Thin Insulation Market Analysis

Thin Insulation Industry Overview

The thin insulation market is partially consolidated. Some of the players operating in the thin insulation business include Dow, BASF SE, Cabot Corporation, Armacell, and Johns Manville.

Thin Insulation Market Leaders

  1. Dow

  2. BASF SE

  3. Cabot Corporation

  4. Armacell

  5. Johns Manville

*Disclaimer: Major Players sorted in no particular order

Dow, BASF SE, Cabot Corporation, Armacell, and Johns Manville.
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Thin Insulation Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Building and Construction Sector to Boost the Market Growth

      2. 4.1.2 Oil and Gas Industry to Propel the Product Demand

    2. 4.2 Restraints

      1. 4.2.1 COVID-19 Outbreak Hampering the Market Growth

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Coatings

      2. 5.1.2 Sheets and Films

      3. 5.1.3 Foams

      4. 5.1.4 Vacuum Insulation Panels

      5. 5.1.5 Other Types

    2. 5.2 Materials

      1. 5.2.1 Aerogels

      2. 5.2.2 Metals

      3. 5.2.3 Plastic Foams

      4. 5.2.4 Other Materials

    3. 5.3 End User

      1. 5.3.1 Automotive

      2. 5.3.2 Aerospace

      3. 5.3.3 Building and Construction

      4. 5.3.4 Oil and Gas

      5. 5.3.5 Other End Users

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Spain

        6. 5.4.3.6 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 South Africa

        4. 5.4.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Dow

      2. 6.4.2 BASF SE

      3. 6.4.3 Cabot Corporation

      4. 6.4.4 Armacell

      5. 6.4.5 Johns Manville

      6. 6.4.6 Owens Corning

      7. 6.4.7 3M

      8. 6.4.8 Concept Group LLC

      9. 6.4.9 ACTIS

      10. 6.4.10 Huntsman International LLC

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Thin Insulation Industry Segmentation

The thin insulation market report includes:

Type
Coatings
Sheets and Films
Foams
Vacuum Insulation Panels
Other Types
Materials
Aerogels
Metals
Plastic Foams
Other Materials
End User
Automotive
Aerospace
Building and Construction
Oil and Gas
Other End Users
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Thin Insulation Market Research FAQs

The Thin Insulation Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Dow, BASF SE, Cabot Corporation, Armacell and Johns Manville are the major companies operating in the Thin Insulation Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Thin Insulation Market.

The report covers the Thin Insulation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thin Insulation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Thin Insulation Industry Report

Statistics for the 2024 Thin Insulation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thin Insulation analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Thin Insulation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)