OEM Insulation Market
Global OEM Insulation Market: Segmentation
The global OEM insulation market is segmented into its material type, end-use industry, and the regions. On the basis of the material type, the global market is segregated into foamed plastics, mineral wool / fiber, and other insulation materials. The foamed plastics are further subsegmented into polyurethane and polyisocyanurate foam, extruded polystyrene foam, expanded polystyrene foam and other foams. Other forms are further sub-categorized into phenolic foam, melamine foam, cellular glass / foamed glass and closed cell elastomeric foam. The mineral wool / fiber category is sub-segmented into cellulose, aerogel, calcium silicate and perlite. Based on the end-use industry, the global OEM insulation market is categorized into industrial, consumer and transportation. The industrial sector is further sub-segmented into building and construction, power / biomass / solar / hydroelectricity generation, refrigeration, petrochemical / oil and gas / LNG, food processing, offshore and subsea and others. The consumer sector is further sub-segmented into cookers, baking ovens, water heaters, lighting and other applications, washers and dryers, barbecues and air conditioning and refrigeration units. The transportation sector is categorized into rail and subway, aerospace and spacecraft, automotive and marine.
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Global OEM Insulation Market: Growth Factors
The OEM insulation market is growing owing to the foamed plastics segment. The foamed plastics insulation accounts the major portion of the OEM market growth in terms of volume. In the developing countries, the economic expansion is the major reason for the rise in demand for the foamed plastic insulation in different verticals such as construction and building and also in