LONDON--(BUSINESS WIRE)--The global foam insulation market size is expected to grow by USD 5.53 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period.
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The use of foam insulation in automotive sector is one of the major factors propelling market growth. However, factors such as fluctuation in crude oil prices will hamper market growth.
The growing demand for foam insulation from the automotive and construction industries will drive the foam insulation market growth in the forthcoming years. Foam insulation is extensively used in manufacturing several automotive parts such as wiper cowls, roll pans, side skirts, and bumpers. The development of foams in the form of polystyrene and polyurethane foams are extensively used for interior components in cars such as armrests, roof liners, dashboards, seats, headrests, and instrument panels. Furthermore, the growing demand for polyisocyanurate foam and phenolic foam for the insulation of auto components and parts will add to the demand for foam insulation from the automotive industry. Similarly, foam insulation is used as a weatherproof sealant, filling gaps and seams, and cover irregular, hard-to-insulate shapes in the construction industry. The increasing applicability of foam insulation in the automotive and construction industry will prove to be the most critical factor in driving the growth of the global foam insulation market across the globe.
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Global Foam Insulation Market: Type Landscape
Polystyrene is a synthetic aromatic hydrocarbon polymer that is produced from styrene. There are two types of polystyrene available, XPS and EPS. The increasing use of EPS in the building and construction sector will lead to a high demand for polystyrene foams during the forecast period. Attributes of EPS foam, such as high durability, high strength, and lightweight nature, enable its use in insulated panel systems for facades, walls, roofs, and floors in buildings. XPS is also used as an insulating material in sealing gaps, holes, and air leaks in buildings to maintain indoor air temperature and reduce the use of energy in the building and construction sector. Thus, the growing building and construction activities across the globe will lead to high demand for polystyrene foam during the forecast period. However, market growth in this segment will be slower than the growth of the market in the polyolefin foam, phenolic foam, and elastomeric foam segments.
Global Foam Insulation Market: Geographic Landscape
APAC was the largest foam insulation market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing population, rapid urbanization, growing e-commerce industry, and the increasing number of construction projects will significantly drive foam insulation market growth in this region over the forecast period. 53% of the market’s growth will originate from APAC during the forecast period. China and South Korea (Republic of Korea) are the key markets for foam insulation in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered
- Armacell International SA
- BASF SE
- Berkshire Hathaway Inc.
- Compagnie de Saint-Gobain SA
- Covestro AG
- DuPont de Nemours Inc.
- Huntsman Corp.
- Isothane Ltd.
- Kingspan Group Plc
-
Owens Corning
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- Market share assessments for the regional and country-level segments
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- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
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- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
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Foam Insulation Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in foam insulation market growth during the next five years
- Estimation of the foam insulation market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the foam insulation market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of foam insulation market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Polystyrene foam - Market size and forecast 2019-2024
- Polyurethane and polyisocyanurate foam - Market size and forecast 2019-2024
- Polyolefin foam - Market size and forecast 2019-2024
- Phenolic foam - Market size and forecast 2019-2024
- Elastomeric foam - Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Armacell International SA
- BASF SE
- Berkshire Hathaway Inc.
- Compagnie de Saint-Gobain SA
- Covestro AG
- DuPont de Nemours Inc.
- Huntsman Corp.
- Isothane Ltd.
- Kingspan Group Plc
- Owens Corning
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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