The U.K foam insulation market is witnessing significant growth due to its widespread adoption in various construction and insulation applications. The rising demand for effective heat-resistance solutions and increasing awareness of energy-efficient building practices drive the market's popularity. Ongoing efforts by global key players to expand their presence in the region and advancements in foam insulation technologies further contribute to market growth. With favorable regulatory support and a growing emphasis on sustainability, foam insulation is becoming a preferred choice for consumers. The U.K market's continued traction and increased popularity are expected to drive substantial growth over the forecast period.
Access Full Report at https://www.databridgemarketresearch.com/reports/uk-foam-insulation-market
Data Bridge Market Research analyses that the U.K Foam Insulation Market was valued at USD 4,550 million in 2021 and is expected to reach USD 6,773.81 million by 2029, registering a CAGR of 5.10% during the forecast period of 2022-2029. The growth of retrofitting and renovation projects in the U.K drives the demand for foam insulation as it is a favored choice for upgrading existing buildings with energy-efficient materials, enhancing their thermal performance, and contributing to energy savings.
Key Findings of the Study
The improved building performance offered by foam insulation is expected to drive the market's growth rate
The improved building performance offered by foam insulation is a significant driver in the U.K market. Its ability to create airtight seals and prevent heat loss ensures better indoor comfort and energy efficiency. As buildings become more energy-efficient, there is a reduced need for excessive energy consumption, resulting in cost savings and environmental benefits. Consumers and builders alike recognize the value of foam insulation in optimizing building performance, leading to its widespread adoption in various construction projects.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020(Customizable to 2014-2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Polystyrene Foam, Polyurethane and Polyisocyanurate Foam, Polyolefin Foam, Phenolic Foam, Elastomeric Foam, Others), Form (Spray, Flexible, Rigid), End Users (Building and Construction, Consumer Appliance, Transport, Others)
|
|
Market Players Covered
|
BASF SE (Germany), Covestro AG (Germany), Lapolla Industries, Inc. (U.S.), Huntsman International LLC ((U.S.), Dow (U.S.), DuPont (U.S.), Safco Foam Insulation (U.S.), Cajun Foam Insulation (U.S.), Saint-Gobain (France), EnergyGuard Foam Insulators, LP (U.S.), Insulation Northwest (U.S.), Puff Inc. (U.S.), Pittsburgh Foam Insulation (U.S.), Owens Corning (U.S.), Recticel (Belgium) and Armacell International SA (Luxembourg)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
|
Segment Analysis:
The foam insulation market is segmented on the basis of type, form, and end users.
- On the basis of type, the foam insulation market is segmented into polystyrene foam, polyurethane and polyisocyanurate foam, polyolefin foam, phenolic foam, Elastomeric Foam, others.
- On the basis of form, the foam insulation market is segmented into spray, flexible, and rigid.
- On the basis of end users, the foam insulation market is segmented into building and construction, Consumer Appliance, transport, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the major BASF SE (Germany), Covestro AG (Germany), Lapolla Industries, Inc. (U.S.), Huntsman International LLC ((U.S.), Dow (U.S.), DuPont (U.S.), Safco Foam Insulation (U.S.), Cajun Foam Insulation (U.S.), Saint-Gobain (France).
Market Developments
- In December 2019, Huntsman Corporation acquired Icynene-Lapolla, a US-based foam insulation manufacturer, to enhance its global market position in specialty chemicals and materials. The acquisition enables Huntsman to expand its portfolio and offer innovative foam insulation solutions to customers worldwide.
- In September 2019, Huntsman Corporation opened a new polyurethane production facility in Dubai. The facility strengthens Huntsman's presence in the Middle East and allows the company to cater to the increasing demand for polyurethane products in the region, supporting various industries with innovative and high-quality solutions.
- In June 2022, Owens Corning, a leading building materials manufacturer, acquired Natural Polymers LLC based in Cortland, Illinois. The acquisition aims to tap into higher-growth segments, particularly in spray polyurethane foam insulation for building and construction applications. This strategic move strengthens Owens Corning's core building and construction product offerings, expanding its market presence and innovation capabilities.
- In July 2021, Xtratherm, a subsidiary of Unilin Insulation, completed the acquisition of Ballytherm's Ireland and UK operations. This acquisition included one PIR insulation plant in Ballyconnell, County Cavan, and plans for a new production facility in Ross-on-Wye, United Kingdom. By acquiring Ballytherm, Xtratherm aims to bolster its operations in the United Kingdom and Ireland, positioning itself for further growth and market expansion in the insulation industry.
For more detailed information about the U.K foam insulation market report, click here – https://www.databridgemarketresearch.com/reports/uk-foam-insulation-market
