Global Foam Insulation Market, By Type (Polystyrene foam, Polyurethane and Polyisocyanurate Foam, Polyolefin Foam, Phenolic Foam, Elastomeric Foam and Others), End Users (Building and Construction, Consumer Appliance, Transport and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Foam Insulation Market
Rising urbanization and industrialization as a result have led to the rise in demand for foam insulation especially in the developing economies. Data Bridge Market Research analyses that the foam insulation market will witness a CAGR of 5.09% for the forecast period of 2021-2028.
Foam insulators are used in buildings or structures and to fill in the gaps or cracks to reduce the rate of heat transfer and air filtration. A foam insulator is a barrier material that is used to seals the walls, ceilings, floor cavities, and areas around electrical outlets, switchboards, and walls where doors and windows meet. Foam insulation is the most widely used type of insulation and is categorized into polystyrene foam, polyurethane foam, polyolefin foam, phenolic foam, elastomeric foam, and others. Spray foam is the most common technique of getting foam insulation. Spray foams never lose their shape, unlike other conventional insulation chemicals or materials. However, foam insulation must be done with proper protective gear and equipment. This is because the chemicals used in foam insulation can be dangerous and pose serious health risks. Therefore, professionals must be hired for the job.
Rising modernization, urbanization, and infrastructural development have propelled the growth in demand for foam insulation, especially in developing countries. The rise in the construction activities or expansion of buildings and the construction industry has fostered growth in demand for foam insulation. The rise in the demand for polystyrene foams has conclusively as a whole boosted up the foam insulation market value. Focus on the reduction of greenhouse gas emissions and stringent regulations imposed by the government in this regard will further create lucrative foam insulation market growth opportunities. Also, a rise in demand for foam insulation by the various end-user industries will further propel the growth of the market.
However, still, lack of awareness about the low and middle-class economies will derail the foam insulation market growth rate. Stringent regulations imposed on the use of certain chemicals and materials will further create hindrances in the way of foam insulation market growth. Volatility in the prices of raw materials like crude oil will further pose a big-time challenge to the foam insulation market growth. Moreover, the high cost of foam insulation as compared to loose-film insulations will demote the market growth.
This foam insulation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on foam insulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Foam Insulation Market Scope and Market Size
The foam insulation market is segmented on the basis of type and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the foam insulation market is segmented into polystyrene foam, polyurethane and polyisocyanurate foam, polyolefin foam, phenolic foam, elastomeric foam and others. Polystyrene foam is further sub-segmented into expanded polystyrene and extruded polystyrene.
- On the basis of end users, the foam insulation market is segmented into building and construction, consumer appliances, transport, and others.
Global Foam Insulation Market Country Level Analysis
The foam insulation market is analysed and market size, volume information is provided by country, type and end users as referenced above.
The countries covered in the foam insulation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market and will continue to during the forecast period. This is because of the growing reconstruction and renovation activities across countries in this region. Stringent regulations to meet the codes of building and construction activities are further propelling the market growth. Asia-Pacific on the other hand is projected to undergo highest growth rate during the forecast period. Rapid industrialization and urbanization are responsible for this. Growth and expansion of transportation industry is another growth determinant.
The country section of the foam insulation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Foam Insulation Market Share Analysis
The foam insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to foam insulation market.
The major players covered in the foam insulation market report are BASF SE, Dow, Covestro AG, Huntsman International LLC., Lapolla Industries, Inc., SAFCO Foam Insulation, CAJUN FOAM INSULATION., Saint-Gobain Group., EnergyGuard Foam Insulators, LP, Insulation Northwest, PUFF INC, Pittsburgh Foam Insulation, Owens Corning., Recticel, Armacell, Kingspan Group, Johns Manville., Berkshire Hathaway Inc., ISOTHANE LTD and Evonik Industries AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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