Foam Insulation Market Research Report - Global Forecast till 2030

Foam Insulation Market Research Report Information by Form (Spray, Flexible, and Rigid), Product Type (Polyurethane Foam, Polystyrene Foam, Polyolefin Foam, Phenolic Foam, Elastomeric Foam, and Others), End-Use Industry (Building & Construction, Automotive & Transportation, Electricals & Electronics, Packaging, and Others), and Region (Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa)‚ÄĒ Forecast till 2030

ID: MRFR/CnM/4612-HCR | 100 Pages | Author: Anshula Mandaokar | March 2024         

Foam Insulation Market Speak to Analyst Request a Free Sample

Foam Insulation Market Overview

In 2018, the Foam Insulation Market was estimated to meet the market value at USD 22.3 billion. Further, the market has predicted to generate nearly 5% of CAGR for the forecast period of 2021-2030. 

Nowadays, foam insulation is a widely used type of insulation, and it has gained more popularity. It is well known as it offers a highly effective solution with resistance to heat transfer. It is helpful in reducing undesired air infiltration, which is a perfect solution.

The foam insulation is considered the best to reduce greenhouse gas emissions and lower utility bills. It can reduce energy consumption by minimizing the air leakage that occurs on door frames, external walls, window frames, roof underlays, crawlspaces, and crawlspaces attics, floorings, and others. Moreover, it is also helpful in improving the indoor air quality through small crevices and cavities by blocking the infiltration of allergens and dust. Also, it reduces mold and condensation growth by growing the building’s strength and preventing moisture accumulation in the walls.

The global Foam Insulation Market report has mentioned that the growing demands of the various intended audiences support the growth of the global market and generate the higher Foam Insulation Market Size for the assessment period. These intended key players are research and development institutes, potential investors, raw material suppliers, foam insulation manufacturers, nationalized laboratories, and traders and distributors of foam insulation. Moreover, the continuous efforts of the global key players in the various region are driving the growth of the global market for the forecast period.

COVID-19 Impact Analysis

The ongoing global pandemic has badly affected the global Foam Insulation Market due to the implementation of various guidelines by different countries' governments. The impose of lockdown and shut down has restricted the transportations, sales, productions, and workforce of the global market. Therefore, the global Foam Insulation Market has experienced a halt for the first half of the year 2020. Even the global market has lost its investors, which has created a huge loss to the global Foam Insulation Market.

According to the present global market report, the adoption of advanced methods and strategies by the major market players has got successful in generating the Foam Insulation Market Value for the forecast period.

Market Overview

  • Major Drivers of the Market

Nowadays, the building & construction industry of the US and European regions are following the building codes and green building certification such as LEED for commercial buildings, the US Green Building Council for Homes (LEED-H), and the US Environmental Protection Agency’s ENERGY STAR rating, which is driving the growth of the global Foam Insulation Market in the forecast period.

Moreover, the North American government has taken initiatives like the Weatherization Assistance Program (WAP) for the promotion of thermal insulation in low-income households, and it has aimed to provide services to nearly 35,000 homes every year. These kinds of the initiative have driven the growth to the global Foam Insulation Market.

  • Opportunity for the Global Market

The global Foam Insulation Market has brought more opportunities due to the increasing automotive and transportation industry demand. The demand is increasing because it is maintaining the inside temperature in the vehicles of storage transit like reefer trailers and trucks. Also, it is offering thermal comfort to passengers in buses, cars, railways, and aircraft.

Therefore, the global market is taking care of the audience demands and increasing the Foam Insulation Market Size for the forecast period.

  • Market Restraints

The global Foam Insulation Market might get hampered due to the increasing cost of foam insulations as compared to the cost of loose-fill insulations. These major restraints might bring huge losses to the global market for the forecast period.

The Foam Insulation Market Outlook report has highlighted that the global market is innovating new ideas to combat these major market restraints in the upcoming years.

  • Market Growth Challenges

The global Foam Insulation Market might face challenges due to the lack of awareness about the foam insulation benefits among consumers. This can also do not uplift the global market product. Here, the global market needs to employ various key players to promote the benefits of foam insulation.

According to the Foam Insulation Market Outlook report, the global market is developing more research to combat these challenges and bring more opportunities for the global market.

  • Cumulative Growth Analysis

The North American market is generating the largest Foam Insulation Market Share due to the technological advancement of the product and meeting the stringent regulations by regulatory bodies for the construction of new commercial and residential buildings in the region. Also, this region is driving the Foam Insulation Market Growth because of the growing automotive and transportation industry in the US region. This industry is growing in this region due to the increasing foam insulations demands to overcome the energy losses during transportation.

Along with that, the Foam Insulation Market Forecast report has highlighted that the previous years have shown great performance in terms of value, and further, it has an expectation to generate the higher Foam Insulation Market Growth for the forecast period.

Market Segmental Overview

  • By Form

On the basis of form segment, the global Foam Insulation Market has been classified into rigid, spray, and flexible.

Out of all, the spray foam form segment is predicted to show the fastest growth of the global Foam Insulation Market during the research period.

  • By Product Type

On the basis of product type segment, the global Foam Insulation Market has been segmented into polyolefin foam, polyurethane foam, polystyrene foam, elastomeric foam, phenolic foam, and others.

The Foam Insulation Market Forecast report mentioned that the polystyrene segment was leading the global market for 2015. Further, the polyolefin segment is predicted to increase the global market in terms of value for the forecast period.

  • By End-use Industry

The global Foam Insulation Market has been classified into automotive & transportation, building & construction, packaging, electricals & electronics, and others based on the end-user industry segment.

Among these, the building & construction industry segment of various developed regions has been predicted to increase the foam insulation demands. This is because of the foam insulation’s performance characteristics. Also, the US Department of Energy mentioned in 2018 that the building accounts for the total energy consumed is nearly 40% across the United States.

Regional Analysis

On the basis of regional classification, the global Foam Insulation Market has been segmented into different regional locations such as Asia Pacific, Europe, North America, South America, and the Middle East & Africa.

Among these, the North American market was holding the largest Foam Insulation Market Share in 2018. Further, it has been predicted to generate higher growth for the research period. Here, the building & construction industry is projected to increase the Foam Insulation Market growth for the research period because of the increasing reconstruction and renovation activities in the North American region.

Competitive Landscape Analysis

The global key players of the Foam Insulation Market Trends are:

  • Recticel (Belgium),

  • BASF SE (Germany),

  • Armacell International SA (Luxembourg),

  • Covestro AG (Germany),

  • Huntsman International LLC (US),

  • Lapolla Industries, Inc. (the US),

  • DowDuPont (US),

  • Saint-Gobain (France),

  • Safco Foam Insulation (US),

  • Cajun Foam Insulation (US),

  • EnergyGuard Foam Insulators, LP (US),

  • Pittsburgh Foam Insulation (US),

  • Insulation Northwest (US),

  • Puff Inc. (US),

  • Owens Corning Commercial Insulation (US).

The above key players are mostly from the American regions, and they are contributing higher to the Foam Insulation Market Trends in the upcoming years.

Recent Developments

  • In May 2019, more efficient polyurethane insulation solutions had been developed combine by BASF and Harvest for better use in shipbuilding and cryogenic industries.

  • In September 2019, a new polyurethanes systems house had been opened by Huntsman in Dubai. Its main aim was to manufactures polyurethanes foams for construction usages.

Report Overview

The Foam Insulation Market Analysis report has explained that the brief analysis of qualitative and qualitative is showing the good performance of the global market. This report has involved primary research methods to get the exact viewpoint of the top key players of the market. And, the report has gathered advanced data from various secondary sources that have strengthened and supported the present research.

Along with that, the Foam Insulation Market Analysis report has highlighted the market dynamics, market segment, market overviews, competitive landscape analysis, recent developments, and regional analysis to understand the present competitions and developments in various regions of the globe.

Segmental Table

By form

  • Rigid,

  • Spray,

  • Flexible

By Product Types

  • Polyolefin foam,

  • Polyurethane foam,

  • Polystyrene foam,

  • Elastomeric foam,

  • Phenolic foam,

  • Others

By End-use Industry

  • Automotive & transportation,

  • Building & construction,

  • Packaging,

  • Electricals & electronics,

  • Others

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 22.3 billion
  CAGR   5% (2021-2030)
  Base Year   2021
  Forecast Period   2021-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   form, product type, end-use industry
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE (Germany), Covestro AG (Germany), Lapolla Industries, Inc. (the US), Huntsman International LLC (US), DowDuPont (US), Safco Foam Insulation (US), Cajun Foam Insulation (US), Saint-Gobain (France), EnergyGuard Foam Insulators, LP (US), Insulation Northwest (US), Puff Inc. (US), Pittsburgh Foam Insulation (US), Owens Corning Commercial Insulation (US), Recticel (Belgium), and Armacell International SA (Luxembourg)
  Key Market Opportunities lack of consumer awareness about the benefits of foam insulation high cost of foam insulations compared to loose-fill insulations
  Key Market Drivers   New product launches and R&D Amongst major key Players

Frequently Asked Questions (FAQ) :

The global foam insulation market was valued at USD 22.3 billion in 2030.

The Foam Insulation Market has aimed to meet nearly 5% of CAGR for the forecast 2030.

Government regulations, especially in developed regions such as Europe and North America, to make the use of insulation compulsory in buildings are likely to be the major driver for the foam insulation market over the forecast period.

The lack of awareness among consumers and the high preference for loose fill insulation, due to its lower cost, are the major restraints on the global foam insulation market.

Polystyrene foam, elastomeric foam, polyolefin foam, polyurethane foam, phenolic foam, and others are the major product types of the Foam Insulation Market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample

Why Choose Market Research Future?

  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response