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Globe and Mail
02-06-2025
- Business
- Globe and Mail
OEM Insulation Market Business Growth, Development Factors, Current and Future Trends till 2030
The OEM Insulation Market is witnessing steady growth driven by rising demand across automotive, appliances, and industrial sectors. Innovation in energy-efficient materials and regulations on thermal performance boost adoption. Key players include Owens Corning, Saint-Gobain, Armacell, Johns Manville, and Knauf Insulation. The OEM Insulation market is anticipated to grow from USD 17.99 billion in 2024 to USD 24.80 billion by 2030, at a CAGR of 5.5% during the forecast market research report covers critical elements such as market dynamics, competitive environments, OEM Insulation market growth opportunities, challenges, and regional differences. Increasing power and energy requirements in emerging economies and stringent regulations mandating insulation materials for energy conservation drive the OEM insulation market. Many HVAC equipment manufacturers are focusing on bringing technical advancements of HVAC equipment used in the construction sector, driving the global OEM insulation market. Another factor driving the growth of the OEM insulation market is the large number of public transport vehicles adopting air-conditioned technology. Governments of various countries are now adopting an integrated approach to conserve energy and implementing an energy management system, which varies according to traffic and environmental conditions. Download PDF Brochure: By Material Type, the Polyurethane Foam (PUF) segment is estimated to account for the largest share of the OEM Insulation market by value in 2023 The Polyurethane Foam (PUF) segment is estimated to hold the maximum revenue share of the OEM insulation market based on OPE values projected to grow with prompt advancement owing to its thermal insulation properties, weightlessness, and flexibility, which make it used in almost every sector—automotive, construction, appliances, and industrial equipment are amongst them—and the expected EPSret underway. PUF offers high energy efficiency by lowering heat transfer for heat barrier applications. In the automotive segment, PUF is often used for heating, ventilation, and air conditioning system insulation, which aids in noise reduction and accommodates passenger comfort. It's also highly adaptable for diverse forms and sizes, perfect for intricate design criteria. Due to the growing environmental regulations, PUF insulates walls, roofs, and floors due to the necessity of building energy-efficient structures in the construction industry. Additionally, polyurethane formulations have continued to improve with, for example, the addition of low-global warming potential blowing agents, and the resulting PUF has emerged as one of the most environmentally friendly solutions, with that reason being its adoption. PUF remains exclusive in the OEM insulation market due to its unrivaled R-value, strength, ease of application as spray or injection, and overall cost-effectiveness and sustainability. Transportation is projected to be the fastest-growing segment of the OEM Insulation market by value by end-use during the forecast period. Overall, the value-based OEM insulation market in the transportation sector is projected to grow at the fastest CAGR during the forecast period. This is driven by high demand for energy-efficient and lightweight vehicles, stringent government emission regulations, and passenger comfort/safety awareness. Almost all automotive, aerospace, marine, and rail industries use insulation materials in high volumes since they impact end performance from a thermal management, noise reduction, and vibration control standpoint. The automobile market, where electric vehicle (EV) production is going through exponential demand growth, is one of the significant factors driving advanced insulation solution requirements. To support this, EVs have required highly selective heat management to keep the batteries safe, charged, and functional for passenger safety. This has driven the penetration of high-performance polyurethane foam or polyisocyanurate insulation materials. Similarly, aerospace needs lightweight insulation material for fireproofing to meet performance and safety standards in stricter industries. As part of it all, the increasing preference for sustainable transportation solutions has also resulted in market growth through the helping hand of ecologically insulation materials. Moreover, rapid urbanization and public transportation infrastructure investments in emerging markets across the Asia Pacific are expected to create positive prospects for OEM Insulation manufacturers. This cocktail of regulatory and commercial pressures and technological progress is the reason for such strong growth in the transport segment. By region, Europe is estimated to account for the largest segment of the OEM Insulation market in 2023. Europe became the largest segment of the OEM insulation market in 2023, enhanced by strict regulatory requirements, a solid industrial base, and increasing emphasis on environmental factors. The European environmental initiatives and programs on climate, culminating into the EU Green Deal, played a significant part in shaping heightened demand for advanced insulation solutions in sectors such as automotive, aerospace, construction and HVAC that require these solutions. Industries are gearing up to make use of energy-efficient insulation to make sure their constructions are up to new energy performance standards and to minimize their respective carbon footprints. The automotive sector has been the driving force behind the increase in the OEM market for insulation, particularly the increasing demand for electric vehicles (EV). Insulatory materials are foundational for enabling thermal matters effectively to increase battery efficiency and control the noise levels in EVs. Correspondingly, Europe's aerospace industry has always been in need of lightweight fireproof insulations to enhance fuel efficiency and comply with stringent safety and environmental regulations. With Europe taking initiatives in R&D and innovation, Europe has provided the platform for developing green and high-performance densities. The OEM insulation continuum in Europe has been reinforced by key insulator suppliers and technological advancements remaining present. Europe is now expected to hold on to its dominant market position in OEM insulation as sustainability becomes an increasingly central consideration. OEM Insulation Companies The major players operating in the OEM Insulation market include Covestro AG (Germany), Owens Corning Corp. (US), Rockwool International A/S (Denmark), Saint-Gobain ISOVER (France), Knauf Insulation (US), Huntsman Corporation (US), Armacell International S.A. (Luxembourg), Aspen Aerogels Inc. (US), Johns Manville Corporation (US), Kingspan Group (Ireland), China Jushi Co. Ltd. (China), and Rogers Corporation (US) are the key players in the market. Covestro AG (Germany) Covestro AG is a prominent producer and supplier of high-quality polymers and polyurethane foams. Covestro AG is a Bayer subsidiary established in 2015, formerly known as Bayer Material Science. With a primary focus on producing advanced polymer materials and creating cutting-edge solutions for daily usage, it is involved in various commercial endeavors. Owens Corning (US) Owens Corning, a global insulation manufacturing company, provides thermal and acoustic products at high, mid, and low temperatures. Insulation, Composites, and Roofing comprise the organization's three segments. It offers insulation solutions to the commercial, industrial, and residential sectors. The organization provides thermal and acoustic products for appliances, including the range/oven, dishwasher, and laundry, through the OC appliances application. It provides insulation for various markets, including commercial interiors (wall panels), HVAC equipment, and water heaters. Additionally, the organization provides residential insulation, including formula XPS insulation, mineral wool insulation, and fiberglass insulation. Its applications encompass basement insulation, air distribution, ceiling, floor, and wall insulation. Owens Corning distributes its insulation products in the United States, Canada, Europe, Asia Pacific, and Latin America, and it operates in 31 countries. It operates manufacturing facilities in the United States, Mexico, and China, as well as fabrication facilities in the United States, Mexico, Italy, and Poland. Rockwool A/S (Denmark) ROCKWOOL A/S manufactures a broad range of insulation products for the insulation industry. The company's products are based on premium and innovative stone wool technology. It generates revenue from five brands: ROCKWOOL, Rockfon, Rockpanel, Lapinus, and Grodan. SAINT GOBAIN ISOVER (France) Saint-Gobain is a global manufacturer and distributor of insulation materials. It provides technical insulation materials through its subsidiaries, ISOVER and Izocam (Istanbul, Turkey). The company is an insulation sub-brand of the Saint-Gobain Group and the world's leading supplier of sustainable insulation solutions for various markets in buildings, transportation, and industrial applications. It also caters to applications in process, marine, and horticultural industries. ISOVER offers technical insulation products used in boilers, ovens, and pipework under the construction products segment. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Yahoo
29-05-2025
- Business
- Yahoo
Brokers Suggest Investing in Owens Corning (OC): Read This Before Placing a Bet
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Owens Corning (OC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Owens Corning currently has an average brokerage recommendation (ABR) of 1.69, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 16 brokerage firms. An ABR of 1.69 approximates between Strong Buy and Buy. Of the 16 recommendations that derive the current ABR, 10 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 62.5% and 6.3% of all recommendations. Check price target & stock forecast for Owens Corning here>>>The ABR suggests buying Owens Corning, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation. Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision. Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether. The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them. On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. Looking at the earnings estimate revisions for Owens Corning, the Zacks Consensus Estimate for the current year has declined 6.1% over the past month to $13.24. Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Owens Corning. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Therefore, it could be wise to take the Buy-equivalent ABR for Owens Corning with a grain of salt. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Owens Corning Inc (OC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
27-05-2025
- General
- Yahoo
National project helps 93-year-old veteran in Bethel Park get new roof
A local veteran has a new roof thanks to a national project. 'We had a lot of people in our town that was killed during the war,' said Army Veteran Michael Sirochman. Sirochman was drafted and served in the Army during the Korean War. 'You have to serve your country,' Sirochman said. 'And you try to do your best, and I'm glad I got back home.' 'He risked his life for our country,' said Jennifer Eshleman with Owens Corning. To go beyond just saying 'thank you.' 'It's much more than just giving thanks,' said Inks Installation President Robert Brophy. Owens Corning Roof Deployment Project, with the help of Ink Installations and Habitat for Humanity, ripped the old roof off of this 93-year-old veteran's home in Bethel Park and put a new one on for him. 'He's been worried about his roof for many years and hasn't had the funds to take care of it,' Eshleman said. 'And it's one small thing that we can do for him.' Through the Roof Deployment Project, which started in 2016, more than 675 military members have received new roofs. 'It feels good, especially around this time, Memorial Day,' Brophy said. 'To think we can directly affect somebody in need and a veteran in need.' 'Wonderful,' Sirochman said. 'Wonderful. Thank you. Thank you. I can't say enough.' Download the FREE WPXI News app for breaking news alerts. Follow Channel 11 News on Facebook and Twitter. | Watch WPXI NOW
Yahoo
23-05-2025
- Business
- Yahoo
1 Profitable Stock for Long-Term Investors and 2 to Think Twice About
A company with profits isn't always a great investment. Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential. A business making money today isn't necessarily a winner, which is why we analyze companies across multiple dimensions at StockStory. That said, here is one profitable company that balances growth and profitability and two that may face some trouble. Trailing 12-Month GAAP Operating Margin: 10.1% Credited with the discovery of fiberglass, Owens Corning (NYSE:OC) supplies building and construction materials to the United States and international markets. Why Does OC Give Us Pause? Core business is underperforming as its organic revenue has disappointed over the past two years, suggesting it might need acquisitions to stimulate growth Sales are projected to tank by 6.7% over the next 12 months as demand evaporates Free cash flow margin dropped by 4.8 percentage points over the last five years, implying the company became more capital intensive as competition picked up Owens Corning's stock price of $138.70 implies a valuation ratio of 9.1x forward P/E. Check out our free in-depth research report to learn more about why OC doesn't pass our bar. Trailing 12-Month GAAP Operating Margin: 17.7% A spin-off of a spin-off, Vontier (NYSE:VNT) provides electronic products and systems to the transportation, automotive, and manufacturing sectors. Why Do We Think VNT Will Underperform? Organic sales performance over the past two years indicates the company may need to make strategic adjustments or rely on M&A to catalyze faster growth Free cash flow margin dropped by 14.8 percentage points over the last five years, implying the company became more capital intensive as competition picked up Diminishing returns on capital suggest its earlier profit pools are drying up At $35.81 per share, Vontier trades at 11.3x forward P/E. To fully understand why you should be careful with VNT, check out our full research report (it's free). Trailing 12-Month GAAP Operating Margin: 26.3% Processing one out of every six paychecks in the United States, ADP (NASDAQ:ADP) provides cloud-based human capital management solutions that help businesses manage payroll, benefits, talent acquisition, and HR administration. Why Should ADP Be on Your Watchlist? Enormous revenue base of $20.2 billion provides significant distribution advantages Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends, and its growing cash flow gives it even more resources to deploy Returns on capital are growing as management capitalizes on its market opportunities ADP is trading at $321.37 per share, or 30.3x forward P/E. Is now a good time to buy? See for yourself in our comprehensive research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free.
Business Wire
21-05-2025
- Business
- Business Wire
Owens Corning Continues to Improve Worker Safety and Compliance Through Collaboration with ISN
DALLAS--(BUSINESS WIRE)-- ISN, the global leader in contractor and supplier information management services, has strengthened its collaboration over the last six years with Owens Corning, a global residential and commercial building products leader. Since implementing ISNetworld in 2019, Owens Corning continues to enhance its contractor management process by requiring individual contractor workers to complete training through the ISNetworld Online Training tool, helping increase hazard awareness and reduce Serious Injuries and Fatalities (SIF) onsite. 'To further enhance and streamline the process of verifying contractor compliance with Owens Corning standards, we also use ISNetworld to facilitate the establishment and management of individual contractor worker qualification requirements,' said Geoff Walter, Owens Corning Enterprise Safety Director. 'The continued expansion of ISNetworld tools and services speaks to the impact ISN has in helping Owens Corning understand and reduce risk across its operations.' Headquartered in Toledo, Ohio, Owens Corning has more than 25,000 employees in 31 countries dedicated to generating value for its customers and shareholders and making a difference in the community. According to the 2024 Owens Corning Sustainability Report, more than 5,900 trainings were completed by contractor workers through the ISNetworld Online Training tool. Owens Corning contractors performing medium and high-risk work in North America must submit documentation for verification, such as certificates of insurance and environmental, health, safety and sustainability programs, and acknowledge Owens Corning's Supplier Code of Conduct. Owens Corning contractors must also achieve an acceptable grade in ISNetworld prior to being awarded work. 'Owens Corning has a long history of commitment to manufacturing safely and to protecting its employees and contractors. ISN is proud to continue to partner with Owens Corning to help build a culture in which worker health is prioritized and contractors are held to rigorous safety and sustainability standards,' said Brittany Surine, Executive Vice President at ISN. For more information on ISN's industry-leading software and services, visit About ISN ISN is the global leader in contractor and supplier information management, with more than 20 years of experience connecting 850 Hiring Clients in capital-intensive industries with 85,000 active contractors and suppliers to promote safety, health, and sustainability in the workplace. ISN's brands include ISNetworld ®, a global online contractor and supplier management platform, Transparency-One ®, a responsible sourcing platform built to bring transparency to supply chain management, and Empower ®, a worker-level app built to keep workers moving forward. ISN has 14 offices around the globe which provide award-winning support and training for its customers in more than 85 countries. ISN takes pride in leading worldwide efforts to improve the efficiency and effectiveness of contractor and supplier management systems and in serving as a world-class forum for sharing industry best practices, benchmarking performance, providing data insights among its members, and helping decision makers, including board members, ensure contractor and supplier risk is assessed and monitored. For more information, visit About Owens Corning Owens Corning is a global residential and commercial building products leader committed to building a sustainable future through material innovation. Owens Corning's four integrated businesses – roofing, insulation, asphalt, and composites – provide durable, sustainable, energy-efficient solutions that leverage unique material science, manufacturing, and market knowledge to help customers win and grow. For more information, visit
