Insulation is a technique that reduces the heat flow. Foam is widely used for insulation purpose. Foam insulation reduces the heat transfer rate. Lower bills, better air quality, and sound reduction are some key benefits of foam insulation. Building energy is used majorly for heating and cooling. The main loss is due to air leakages through attics, doorframes, window panels, and others, thus, foam insulation provides energy saving in such cases and also cuts the energy cost. Rapid growth in the construction industry is anticipated to drive the market growth for foam insulation as it helps to build a healthy and efficient home. Foam insulations that are commonly used are polystyrene foam insulation and elastomer foam insulation. Polystyrene being an excellent sealant is used to cover the commercial and residential building. Polystyrene is widely used for exterior wall insulation, roof, and floor insulation as well.
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The foam insulation market growth is driven by rise in urbanization and industrialization. The demand for foam insulation in construction is due to its energy-efficiency and eco-friendly properties, thus, it acts as another factor for the foam insulation market growth. In addition, the increased R&D expenditure and introduction of new and improved products also drive the foam insulation industry growth. Furthermore, stringent government regulations associated with reduction in greenhouse gas emission fuels the growth of the market. However, high cost of insulating material used acts as growth restraint for the foam insulation market. In-addition, the restrictions on use of specific products also restrain the market growth. Awareness amongst people regarding the benefits foam insulation is anticipated to create a good growth opportunity for the market.
The foam insulation market is segmented into foam type, form, end user, and region. Based on foam type, the market is segmented into, polystyrene, elastomeric, polyurethane & polyisocyanurate, polyolefin, phenolic, and others. Form segment is further classified into spray, flexible, and rigid. Based on end user, the market is classified into building & construction, automobile & transportation, packaging, and electricals & electronics, and others. Foam insulation market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa) region.
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Key market players operating in the foam insulation industry are BASF SE, Huntsman International LLC., Kingspan Group PLC, Lapolla Industries, Inc., Covestro AG, SAFCO Foam Insulation, Cajun foam insulation, SAINT-GOBAIN, EnergyGuard Foam Insulators, LP, and Insulation Northwest.
KEY BENEFITS FOR STAKEHOLDERS:
- The foam insulation market size has been analyzed across all regions
- Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
- The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
- Major countries in the region have been mapped according to their individual revenue contribution to the regional market
- The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study
- lysis covers in-depth information of major foam insulation industry participants.
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