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North America Marine Insulation Market Size, Trends, Growth: By Product: Fibreglass Insulation, Mineral Wool, Aerogel Insulation, Extruded Polystyrene Insulation (XPS), Phenolic Foam, Others; By Application: Ship Building, Boat Building, Repair and Retrofit, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
North America Marine Insulation Market Outlook
The North America marine insulation market is expected to grow in the forecast period of 2024-2032 at a CAGR of 6.20%.
The United States to be One of the Leading Regions in the North America Marine Insulation Industry
The United States is predicted to be one of the leading regions in the North America maritime insulation industry. This growth is mostly due to the established economy of the United States and its considerable marine transport and freight activity. Additionally, the shipping and transportation businesses are putting a lot of effort into installing modern marine insulation on their ships, which is estimated to help the industry flourish.
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Moreover, the surge in commerce and transport activities by seaways and the increased marine safety awareness and compliance with regulatory requirements and guidelines are all predicted to be important growth factors for the industry in the USA.
Marine Insulation: Market Segmentation
Products that are rated for use in marine applications are known as marine insulation. Insulation materials are normally found in ship walls and ceilings, providing resistance against water-induced deterioration. Boats, yachts, commercial vessels, cargo vessels, and even offshore oil rigs all use marine insulation. The capacity to endure humidity and water is a defining feature of marine insulating products. These products provide various types of insulation, such as fire insulation, thermal insulation, and acoustic insulation, among others.
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By product, the market can be segmented into:
- Fibreglass Insulation
- Mineral Wool
- Aerogel Insulation
- Extruded Polystyrene Insulation (XPS)
- Phenolic Foam
- Others
On the basis of application, the industry can be categorised into:
- Ship Building
- Boat Building
- Repair and Retrofit
- Others
The EMR report looks into the regional markets of the product in North America like the United States and Canada.
Advancements in Material Science and the Introduction of Modern Insulation Materials to Bolster the Growth of the North America Marine Insulation Industry
The market has been witnessing a healthy growth owing to the growth of the marine industry in North America and the beneficial properties of marine insulation. For instance, marine insulation helps reduce the transfer of thermal heat, vibrations, and noise in and around the ship or offshore rig. In contrast to commercial and residential insulation, marine insulation systems place a greater emphasis on water resistance. Additionally, marine insulators have exceptional thermal and acoustic properties, as well as the ability to reduce noise. While residential and commercial insulators only provide effective thermal insulation with some level of fire insulation within a building envelope, marine insulation solutions provide insulation against fire, thermal heat, and acoustics, thus, positively impacting the market growth.
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With various developments in material science over the years, the marine insulation industry in North America is expected to continue to rise. For example, new variants of marine insulation materials such as fibreglass-based insulation materials, polyurethane-based materials, and aluminium-based insulation materials have all been introduced. These new and innovative materials provide high-quality insulation capabilities while also improving weight performance, which is predicted to provide a boost to the market. Furthermore, these modern maritime insulation materials comply with the International Maritime Organization's norms and regulations for thermal, fire, and noise insulation, which is estimated to contribute to the market growth in the forecast period.
Key Industry Players in the North America Marine Insulation Market
The report presents a detailed analysis of the following key players in the North America marine insulation market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Johns Manville
- Cellofoam North America, Inc.
- ROCKWOOL International A/S
- Owens Corning
- Pacor Inc.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 North America
7 Opportunities and Challenges in the Market
8 North America Marine Insulation Market Analysis
8.1 Key Industry Highlights
8.2 North America Marine Insulation Historical Market (2018-2023)
8.3 North America Marine Insulation Market Forecast (2024-2032)
8.4 North America Marine Insulation Market by Product
8.4.1 Fibreglass Insulation
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Mineral Wool
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Aerogel Insulation
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Extruded Polystyrene Insulation (XPS)
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Phenolic Foam
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 North America Marine Insulation Market by Application
8.5.1 Ship Building
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Boat Building
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Repair and Retrofit
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 North America Marine Insulation Market by Country
8.6.1 United States
8.6.2 Canada
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Johns Manville
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Cellofoam North America, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 ROCKWOOL International A/S
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Owens Corning
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Pacor Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. North America Marine Insulation Market: Key Industry Highlights, 2018 and 2032
2. North America Marine Insulation Historical Market: Breakup by Product (USD Million), 2018-2023
3. North America Marine Insulation Market Forecast: Breakup by Product (USD Million), 2024-2032
4. North America Marine Insulation Historical Market: Breakup by Application (USD Million), 2018-2023
5. North America Marine Insulation Market Forecast: Breakup by Application (USD Million), 2024-2032
6. North America Marine Insulation Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Marine Insulation Market Forecast: Breakup by Country (USD Million), 2024-2032
8. North America Marine Insulation Market Structure
Key Questions Answered in the Report
The North America marine insulation market is projected to grow at a CAGR of 6.20% between 2024 and 2032.
The key market drivers guiding the growth of the industry include the beneficial properties associated with marine insulation such as reduced transfer of thermal heat, vibrations, and noise in and around the ship or offshore rig, improved weight performance, growing shipping industry, and rapid technological advancements.
The key industry trends are the increasing demand for materials with high-quality insulation properties and the growing research activities to develop insulation materials offering better weight performance.
The major regions in the industry are the United States and Canada.
The significant marine insulation products include fibreglass insulation, mineral wool, aerogel insulation, extruded polystyrene insulation (XPS), phenolic foam, and others.
The significant applications of the product include ship building, boat building, and repair and retrofit, among others.
The major players in the industry are Johns Manville, Cellofoam North America, Inc., ROCKWOOL International A/S, Owens Corning, and Pacor Inc., among others.
Analyst Review
The North America marine insulation market is being driven by the advancements in material science. Aided by the increasing demand for insulation materials offering better weight performance, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.20%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the industry can be segmented into fibreglass insulation, mineral wool, aerogel insulation, extruded polystyrene insulation (XPS), phenolic foam, and others. Based on application, the industry can be divided into ship building, boat building, and repair and retrofit, among others. The major regional markets for marine insulation in North America are United States and Canada. The key players in the above market include Johns Manville, Cellofoam North America, Inc., ROCKWOOL International A/S, Owens Corning, and Pacor Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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