"Innovative Market Solutions to Help Businesses Make Informed Decisions"
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.
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.
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.
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.
To gain extensive insights into the market, Request for Customization
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 End-use Industry
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry