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Foam Insulation Market Size, Share & Industry Analysis, By Material (Polystyrene, Polyisocyanurate, Polyurethane, Phenolic, Others), By Type(Rigid/Board, Flexible, Spray), By End-use Industry (Building & construction, Transportation, Consumer Appliances) Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102346 | Status : Ongoing



Foam Insulation are the polymeric materials widely used for various insulating and proofing applications. These foams are manufactured using a variety of materials with different properties. Thermal insulation, acoustic insulation, weather proofing, etc. are some of the prominent applications of foam insulation. Reduced weight, superior moisture barrier, enhanced acoustic insulation, and more energy efficiency are amongst top benefits offered by foam insulations.

The construction industry is experiencing a healthy boost across various parts of the world, especially in the Asia-Pacific. Foam insulation is significantly used in the construction industry for various purposes. Increased commercial activities have also boosted the demand for foam insulation. Some of the prominent areas of application of foam insulation in the construction industry include unfinished walls, foundation walls, floor & ceiling, unvented low slope roofs, etc. These foams offer high insulating value for relatively little thickness. Moreover, foam insulations can even block short-circuits if installed continuously over frames. 

Key Market Driver -

The rising demand of insulation foams from construction industry is expected to drive the market.

Key Market Restraint -

Implementation of stringent environmental regulations to restrict the market growth.

However, the implementation of stringent environmental norms is expected to hamper the market growth over the forecast period. Harmful and polluting gases are released into the atmosphere during the manufacturing of foam insulations. Manufacturers have to abide with the emission norms as per national and international standards. Also, the pollution caused by the usage of these foam in the food & beverage industry has resulted in a ban. For instance, polystyrene cups, plates and other products have been banned in various parts of the world. Thus, implementing stringent environmental norms may restrict market growth.

Market Segmentation:

On the basis of material, the foam insulation market is segmented into polystyrene, polyisocyanurate, polyurethane, phenolic and others. Based on the type, the foam insulation market is classified into rigid/board, flexible and spray. On the basis of end-use industry, the market is classified as building & construction, consumer appliances and transportation.  

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Key Players Covered:

The global Foam Insulation market is fairly fragmented with a large number of key players operating in the market. Some of the prominent manufacturers in the global Foam Insulation market include- BASF SE, Huntsman Corporation, Kingspan Group, Covestro AG, Saint-Gobain, Armacell International SA, Recticel Group, Mitsui Chemicals & SKC Polyurethanes Co Ltd (MCNS), Asahi Kasei, Mitsui Chemicals, Inc., Eurofoam Group, Rogers Corporation, DUNA-USA Inc, Tosoh Corporation and others.

Key Insights

  • New Advancements in Production Technologies

  • Key Trends in Foam Insulation market

  • New Product Launches, Expansions, Key Players

  • Regulatory Landscape

  • Porters Five Forces Analysis

Regional Analysis:

On a geographical basis, the Foam Insulation market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific accounts for lion’s share in the global foam insulation market closely followed by Europe. Construction and transportation industries have strongly supported the growth in the region. Increasing commercialization has positively impacted the market demand. China, India, Taiwan, etc. are some of the fastest growing construction and foam insulation markets in the region. Europe is expected to witness steady growth in the market owing to weak movements in the regional construction industry. Also, changing trade and environmental policies in the region is expected to hamper the market growth.

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The lawmakers in Europe are focusing on introducing stringent environmental norms on the polymer industry which may impact the growth. The resurgent construction industry in North America is expected to create healthy growth opportunities in the region. However, increasing environmental awareness and implementation of stringent environmental norms is likely to restrict market growth over the forecast period. Middle East & Africa and Latin America are relatively small foam insulation markets. The demand in the Middle East and Africa is greatly driven the construction industry of the GCC countries. However, political turbulence in the region is expected to affect the market growth over the forecast period. Brazil & Mexico drive the foam insulation market in Latin America region. Emerging economies such as Chile is expected to provide an impetus to the market growth over the forecast period. Nonetheless, political and social unrest is a great threat to  regional stability and is most likely to confine the market growth over the foreseeable period.




By Material

  • Polystyrene

  • Polyisocyanurate

  • Polyurethane

  • Phenolic

  • Others

By Type

  • Rigid/Board

  • Flexible

  • Spray

By End-use Industry

  • Building & construction

  • Transportation

  • Consumer Appliances

By Geography

  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Foam Insulation Industrial Developments

  • December 2019, – Huntsman Corporation, a manufacturer of a variety of specialty chemicals and materials, announced the acquisition of Icynene-Lapolla, a manufacturer of foam insulation headquartered in the US. This is expected to strengthen Huntsman's position the global market.

  • September 2019, – Huntsman Corporation, announced the opening of a new production facility for the production of polyurethanes in Dubai.

  • Ongoing
  • 2023
  • 2019-2022

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