Overview
Foam Insulation Market is
forecast to reach $25.48 billion by 2025, after growing at a CAGR of 5.56% during
2020-2025. Strict government regulation for reducing greenhouse gas emissions
and improving energy efficiency in homes and buildings have been key drivers of
growth for this market over the forecast period.
Report Coverage
The report: “Foam Insulation Market– Forecast (2020-2025)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Foam Insulation Market.
Key Takeaways
- Several vendors and research institutes are developing new polyurethane foam forms such as photo cross-linkable polyurethane for different applications.
- The increasing application of foam insulation in the construction industries are the most important factor in driving global market growth.
- Increasing demand in the automotive industry for foam insulation types such as polyisocyanurate foam and phenolic foam in auto components for insulation.
Product Type - Segment Analysis
Polyolefin Foam segment held the largest
share in the Foam Insulation Market in 2018. Polyolefin foam demand is due to
its lightweight and flexible design that is needed for HVAC applications
(heating, ventilation and air conditioning). Many nations and international
bodies, including the United States, China, South Korea, and the EU, have
different construction codes for new commercial and residential buildings.
End-Use Industry - Segment Analysis
Building & The construction sector has been the primary market for Foam Insulation by growing
at a CAGR of 4%, due to its performance characteristics. According to the US
department and energy, building almost 40% of the energy consumed in 2018. Major
building energy is spent on space cooling and heating and major heat are lost
through the building envelope due to air leakages. By using, Foam insulation can reduce air leakages by present on walls, window frames, door frames,
floorings, among others which results in low utility bills and can reduce
greenhouse gas emissions.
Geography - Segment Analysis
APAC dominated the Foam
Insulation Market with a share of more than 47%, followed by North America and
Europe. Due to fast economic growth in India and China, a change in sector
trends is noted. With many Asia-Pacific nations still mainly rural, economic
growth is set to promote continuing urbanization. In addition, population
growth in these nations is anticipated to increase demand for the end-use industry,
which in turn is projected to drive the Foam Insulation Market during the
forecast period. All these factors
attribute to the market growth of the market.
Drivers – Foam Insulation Market
- Increasing Government Regulations
In order to support energy
efficiency and the growing demand for going green, the increasing numbers of
government regulators in different countries are using foam isolation in buildings.
The foam insulation market over the forecast period is anticipated to be
propelled by increasing modifications in buildings in developed and developing
regions.
Challenges – Foam Insulation Market
- Lack of awareness about the benefits of foam insulation.
Lack of awareness about the
benefits of foam insulation and fewer government initiations and low
manufactures can restrain the growth of the market. It is estimated that 25% of
home heat loss is via the roof, 35% is through the walls and 25% is through air
leakages, so the walls and roof insulation are two of the most efficient energy
efficiency.
Market Landscape
Technology launches, acquisitions, and R&D
activities are key strategies adopted by players in the Foam Insulation Market.
In 2018, the market of Foam Insulation Market has been consolidated by the top five players
accounting for xx% of the share. Major players in the Foam Insulation Market are
BASF SE, Covestro AG, Huntsman International LLC, Kingspan Group PLC, Lapolla
Industries, Inc., Owens Corning, Recticel Group, Saint-Gobain, the Dow Chemical The company, Armacell International S.A., and Johns Manville, among others.
Acquisitions/Technology Launches
- In May 2019, BASF and Harvest combinedly develops a more efficient polyurethane insulation solutions for use in cryogenic and shipbuilding industries.
- In September 2019, Huntsman opens a new polyurethanes systems house in Dubai. This manufacturing unit manufactures a polyurethanes foams for use in construction.
LIST OF TABLES
1.Global Foam Insulation Market By Product Type Market 2019-2024 ($M)1.1 Market Size Estimation Market 2019-2024 ($M) - Global Industry Research
1.1.1 Polystyrene Foam Market 2019-2024 ($M)
1.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 ($M)
1.1.3 Polyolefin Foam Market 2019-2024 ($M)
1.1.4 Elastomeric Foam Market 2019-2024 ($M)
1.1.5 Phenolic Foam Market 2019-2024 ($M)
2.Global Foam Insulation Market By End-Use Industry Market 2019-2024 ($M)
2.1 Building & Construction Market 2019-2024 ($M) - Global Industry Research
2.2 Transportation Market 2019-2024 ($M) - Global Industry Research
2.3 Consumer Appliances Market 2019-2024 ($M) - Global Industry Research
3.Global Foam Insulation Market By Product Type Market 2019-2024 (Volume/Units)
3.1 Market Size Estimation Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Polystyrene Foam Market 2019-2024 (Volume/Units)
3.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 (Volume/Units)
3.1.3 Polyolefin Foam Market 2019-2024 (Volume/Units)
3.1.4 Elastomeric Foam Market 2019-2024 (Volume/Units)
3.1.5 Phenolic Foam Market 2019-2024 (Volume/Units)
4.Global Foam Insulation Market By End-Use Industry Market 2019-2024 (Volume/Units)
4.1 Building & Construction Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Transportation Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Consumer Appliances Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Foam Insulation Market By Product Type Market 2019-2024 ($M)
5.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Polystyrene Foam Market 2019-2024 ($M)
5.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 ($M)
5.1.3 Polyolefin Foam Market 2019-2024 ($M)
5.1.4 Elastomeric Foam Market 2019-2024 ($M)
5.1.5 Phenolic Foam Market 2019-2024 ($M)
6.North America Foam Insulation Market By End-Use Industry Market 2019-2024 ($M)
6.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
6.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
6.3 Consumer Appliances Market 2019-2024 ($M) - Regional Industry Research
7.South America Foam Insulation Market By Product Type Market 2019-2024 ($M)
7.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Polystyrene Foam Market 2019-2024 ($M)
7.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 ($M)
7.1.3 Polyolefin Foam Market 2019-2024 ($M)
7.1.4 Elastomeric Foam Market 2019-2024 ($M)
7.1.5 Phenolic Foam Market 2019-2024 ($M)
8.South America Foam Insulation Market By End-Use Industry Market 2019-2024 ($M)
8.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
8.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
8.3 Consumer Appliances Market 2019-2024 ($M) - Regional Industry Research
9.Europe Foam Insulation Market By Product Type Market 2019-2024 ($M)
9.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Polystyrene Foam Market 2019-2024 ($M)
9.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 ($M)
9.1.3 Polyolefin Foam Market 2019-2024 ($M)
9.1.4 Elastomeric Foam Market 2019-2024 ($M)
9.1.5 Phenolic Foam Market 2019-2024 ($M)
10.Europe Foam Insulation Market By End-Use Industry Market 2019-2024 ($M)
10.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
10.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
10.3 Consumer Appliances Market 2019-2024 ($M) - Regional Industry Research
11.APAC Foam Insulation Market By Product Type Market 2019-2024 ($M)
11.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Polystyrene Foam Market 2019-2024 ($M)
11.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 ($M)
11.1.3 Polyolefin Foam Market 2019-2024 ($M)
11.1.4 Elastomeric Foam Market 2019-2024 ($M)
11.1.5 Phenolic Foam Market 2019-2024 ($M)
12.APAC Foam Insulation Market By End-Use Industry Market 2019-2024 ($M)
12.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
12.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
12.3 Consumer Appliances Market 2019-2024 ($M) - Regional Industry Research
13.MENA Foam Insulation Market By Product Type Market 2019-2024 ($M)
13.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Polystyrene Foam Market 2019-2024 ($M)
13.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 ($M)
13.1.3 Polyolefin Foam Market 2019-2024 ($M)
13.1.4 Elastomeric Foam Market 2019-2024 ($M)
13.1.5 Phenolic Foam Market 2019-2024 ($M)
14.MENA Foam Insulation Market By End-Use Industry Market 2019-2024 ($M)
14.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
14.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
14.3 Consumer Appliances Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Foam Insulation Market Revenue, 2019-2024 ($M)2.Canada Foam Insulation Market Revenue, 2019-2024 ($M)
3.Mexico Foam Insulation Market Revenue, 2019-2024 ($M)
4.Brazil Foam Insulation Market Revenue, 2019-2024 ($M)
5.Argentina Foam Insulation Market Revenue, 2019-2024 ($M)
6.Peru Foam Insulation Market Revenue, 2019-2024 ($M)
7.Colombia Foam Insulation Market Revenue, 2019-2024 ($M)
8.Chile Foam Insulation Market Revenue, 2019-2024 ($M)
9.Rest of South America Foam Insulation Market Revenue, 2019-2024 ($M)
10.UK Foam Insulation Market Revenue, 2019-2024 ($M)
11.Germany Foam Insulation Market Revenue, 2019-2024 ($M)
12.France Foam Insulation Market Revenue, 2019-2024 ($M)
13.Italy Foam Insulation Market Revenue, 2019-2024 ($M)
14.Spain Foam Insulation Market Revenue, 2019-2024 ($M)
15.Rest of Europe Foam Insulation Market Revenue, 2019-2024 ($M)
16.China Foam Insulation Market Revenue, 2019-2024 ($M)
17.India Foam Insulation Market Revenue, 2019-2024 ($M)
18.Japan Foam Insulation Market Revenue, 2019-2024 ($M)
19.South Korea Foam Insulation Market Revenue, 2019-2024 ($M)
20.South Africa Foam Insulation Market Revenue, 2019-2024 ($M)
21.North America Foam Insulation By Application
22.South America Foam Insulation By Application
23.Europe Foam Insulation By Application
24.APAC Foam Insulation By Application
25.MENA Foam Insulation By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Covestro AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Huntsman Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Kingspan Group PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Owens Corning, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Saint-Gobain, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.The DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Recticel Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Armacell International SA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Johns Manville, Sales /Revenue, 2015-2018 ($Mn/$Bn)