Global Rigid Foam Market, By Foam Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC) and Others), Product Type (Molded Foam, Slab Stock Polyether, Slab Stock Polyester and Others), Application (Building and Construction, Appliances, Packaging, Automobile and Other), End User Industry (Chemical and Petrochemical, Oil and Gas, Energy and Power, Automotive, Food and Beverages, Healthcare 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
Data Bridge Market Research analyses that the rigid foam market will witness a CAGR of 7.37% for the forecast period of 2021-2028. Growth in the demand for rigid foam especially in the developing economies like India and China, growing use of rigid foam for a wide range of end user applications such as building and construction, appliances, packaging, automobile and other applications, stringent regulations imposed by the government pertaining to greenhouse gas emissions and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the rigid foam market.
Rigid foam is a durable stock structure, which has high crosslinking density, and is therefore, used by a wide range of industry verticals. Rigid foam exhibits excellent insulation properties and is used as a thermal barrier that provides soundproofing to the inner walls. Rigid foam has a closed cell structure that exerts abundant compressive firmness.
Rise in demand for rigid foam by the chemical and petrochemical industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for rigid foam such as by the healthcare industry and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the market. Rising urbanization or construction activities, growing technological advancements in the packaging and automotive industries, rising demand for lightweight components in industrial applications, growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High costs associated with research and development proficiencies and lack of awareness especially in developing countries will dampen the market growth rate. Stringent regulations from environmental bodies will also impede the market growth rate.
This rigid foam 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 rigid foam 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 Rigid Foam Market Scope and Market Size
The rigid foam market is segmented on the basis of foam type, product type, application and end user industry. 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 foam type, the rigid foam market is segmented into polyurethane (PU), polystyrene (PS), polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC) and others.
- On the basis of product type, the rigid foam market is segmented into molded foam, slab stock polyether, slab stock polyester and others.
- Based on application, the rigid foam market is segmented into building and construction, appliances, packaging, automobile and other.
- On the basis of end user industry, the rigid foam market is segmented into chemical and petrochemical, oil and gas, energy and power, automotive, food and beverages, healthcare and others.
Rigid Foam Market Country Level Analysis
The rigid foam market is analysed and market size, volume information is provided by country, foam type, product type, application and end user industry as referenced above.
The countries covered in the rigid foam 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.
Asia-Pacific dominates the rigid foam market owing to the increase in the research and development activities and presence of major rigid foam manufacturers in the region. Asia-Pacific will continue to undergo substantial gains during the forecast period owing to the high economic growth in the emerging countries, growing industrialization, and abundant availability of raw materials.
The country section of the rigid foam 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 Rigid Foam Market Share Analysis
The rigid foam 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 rigid foam market.
The major players covered in the rigid foam market report are Huntsman International LLC., 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.