Foam Insulation Market Size, Business Revenue Forecast, Leading Competitors

Posted by ojasdbmr on May 20th, 2021

Foam insulation market will witness a CAGR of 5.09% for the forecast period of 2021-2028. Foam insulators are used in buildings or structures and to fill in the gaps or cracks to reduce the rate of heat transfer and air filtration. A foam insulator is a barrier material that is used to seals the walls, ceilings, floor cavities, and areas around electrical outlets, switchboards, and walls where doors and windows meet. Foam insulation is the most widely used type of insulation and is categorized into polystyrene foam, polyurethane foam, polyolefin foam, phenolic foam, elastomeric foam, and others.

Key Market Competitors: Global Foam Insulation Market

Few of the major competitors currently working in the global foam insulation market are  basf se, covestro ag, lapolla industries, inc, huntsman international llc, dowdupont inc., safco foam insulation llc, cajun foam insulation., saint-gobain, energyguard foam insulators, lp, insulation northwest, puff inc, pittsburgh foam insulation, owens corning commercial insulation Owens Corning, recticel nv/sa, armacell international s.a, johns manville and others.

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Foam insulation is used to reduce the rate of heat transfer and air infiltration.They are effectively used to insulate buildings and seal cracks and gaps. The market size of the global foam insulation market is based on the sales of various types of foam insulation in applications such as building and construction, automotive, packaging, and others.

Segmentation: Global Foam Insulation Market

•          By Type (Polystyrene foam, Polyurethane & polyisocyanurate foam, Polyolefin foam, Phenolic foam, Elastomeric foam and others)
•          By End-users (Building & Construction, Consumer Appliance, Transport, Others)
•          By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Competitive Analysis: Global Foam Insulation Market

Global foam insulation market foam insulation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of foam insulation market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Drivers:

•          Rapid urbanization and industrialization acting as a driver for the market growth
•          Rising demand for polystyrene foams
•          Increasing research and development
•          Greenhouse gas emissions, growth in end-use industry

Market Restraints:

•          Presence of strict regulations regarding the usage of specific products and their applications is expected to act as a restraint to the market growth
•          Fluctuation in crude oil prices