Global Foam Insulation Market Booming at a CAGR of 6.07 % to Estimated 955.62

Posted by swamiv on November 20th, 2019

Global Foam Insulation Market By Type (Polystyrene foam, Polyurethane & polyisocyanurate foam, Polyolefin foam, Phenolic foam, Elastomeric foam and others), End-users (Building & Construction, Consumer Appliance, Transport, Others)

Market Analysis: Global Foam Insulation Market

Global Foam Insulation Market is expected to rise from its initial estimated value of USD 19,616.17million in 2018 to an estimated value of USD  32,955.62 million by 2026, registering a CAGR of  6.7% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing urbanization and industrialization globally.

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Market Definition: Global Foam Insulation Market

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

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

Segmentation: Global Foam Insulation Market

By Type

•          Polystyrene foam

o    Expanded Polystyrene

o    Extruded Polystyrene

•          Polyurethane & polyisocyanurate foam
•          Polyolefin foam
•          Phenolic foam
•          Elastomeric foam
•          Others

By End-Users

•          Building & Construction
•          Consumer Appliance
•          Transport
•          Others

Key Developments in the Market:

•          In April 2019, Foam Insulation market player to obtain comprehensive market scenario for near future. It facilitates Foam Insulation manufacturers and company officials with analysis based on upcoming investment opportunities, challenges, risks, and threats and prompts them to precisely plan their future activities
•          Foam Glass Granulate market set to witness uplift during 2018-2026. Due to various properties, foam glass granulates are getting attraction from several industries such as agriculture, automotive, oil & gas bio-filtration etc.. Foam glass granulate is the recent light weight building and insulation material.

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.

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