U.K Foam Insulation Market, By Type (Polystyrene Foam, Polyurethane and Polyisocyanurate Foam, Polyolefin Foam, Phenolic Foam, Elastomeric Foam, Others), Form (Spray, Flexible, Rigid), End Users (Building and Construction, Consumer Appliance, Transport, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Foam insulation is a common type of insulation nowadays, and it is growing in popularity. It is well-known because it provides a highly effective heat-resistance solution. Furthermore, the global key players' ongoing efforts in various regions are driving the global market's growth over the forecast period. The increased popularity of foam insulation has largely helped the market gain traction over the years and will continue to aid the market growth over the forecasted period.
U.K Foam insulation Market was valued at USD 4550 million in 2021 and is expected to reach USD 6773.81 million by 2029, registering a CAGR of 5.10% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Foam insulators are used to plug in gaps or crevices in buildings or structures to prevent heat transfer and air filtration. A foam insulator is a barrier material that is used to seal the walls, ceilings, and floor cavities, as well as the spaces around electrical outlets, switchboards, and the walls where doors and windows meet. Polystyrene foam, polyurethane foam, polyolefin foam, phenolic foam, elastomeric foam, and other types of foam insulation are the most often utilized types of insulation. On the other hand, Foam insulation must be done with the right protective wear and equipment. This is due to the fact that the chemicals used in foam insulation might be hazardous to one's health. As a result, experts must be employed for the job.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2019 - 2014)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By Type (Polystyrene Foam, Polyurethane and Polyisocyanurate Foam, Polyolefin Foam, Phenolic Foam, Elastomeric Foam, Others), Form (Spray, Flexible, Rigid), End Users (Building and Construction, Consumer Appliance, Transport, Others)
|
|
Market Players Covered
|
BASF SE (Germany), Covestro AG (Germany), Lapolla Industries, Inc. (U.S.), Huntsman International LLC ((U.S.), Dow (U.S.), DuPont (U.S.), Safco Foam Insulation (U.S.), Cajun Foam Insulation (U.S.), Saint-Gobain (France), EnergyGuard Foam Insulators, LP (U.S.), Insulation Northwest (U.S.), Puff Inc. (U.S.), Pittsburgh Foam Insulation (U.S.), Owens Corning (U.S.), Recticel (Belgium) and Armacell International SA (Luxembourg)
|
|
Market Opportunities
|
|
Foam insulation Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand of Foam Insulation
The increasing demand for energy-efficient equipment and the rise in demand for foam insulation by the various end-user industries are estimated to carve a way for the market's growth. Furthermore, the increase in construction operations or building expansions and the construction industry have fueled demand for foam insulation. The increase in demand for polystyrene foams has significantly increased the market value of foam insulation.
The factors such as the rising modernization, urbanization and infrastructural development will further propel the growth rate of foam insulation market. Additionally, the upsurge in the residential and commercial construction activities will also drive market value growth. The rising population and the increase in middle-class income and urbanization. Are also projected to bolster the growth of the market.
Opportunities
- Increasing Research and Development and Reduction of Emissions
Furthermore, the focus on the reduction of greenhouse gas emissions by manufacturers and stringent regulations imposed by the government in this regard extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the increasing research and development activities will further expand the future growth of the foam insulation market.
Restraints/Challenges
- Stringent Regulations
The stringent regulations imposed on the use of certain chemicals and materials will create hindrances for the growth of the foam insulation market.
- Price Issues
Also, the Volatility in the prices of raw materials such as crude oil coupled with the high cost of foam insulation as compared to loose-film insulations will prove to be a demerit for the foam insulation market. Therefore, this will challenge the foam insulation market growth rate.
Moreover, the lack of awareness about the low and middle-class economies is also expected to hamper growth of the foam insulation market.
This foam insulation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the foam insulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Foam insulation Market
The recent outbreak of coronavirus had a negative impact on the foam insulation market, due to the implementation of various recommendations by different nations' governments, the current global pandemic has had a negative impact on the global foam insulation market. The global market's transportations, sales, productions, and workers have all been hampered by the imposition of lockdown and shut down. As a result, for the first half of 2020, the worldwide foam insulation market has come to a halt. The global market has also lost investment, resulting in a significant loss for the global foam insulation business. According to the current global market study, the implementation of innovative methods and strategies by the leading market players has been successful in growing the foam insulation market value for the forecast period.
U.K Foam insulation Market Scope
The foam insulation market is segmented on the basis of type, form and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polystyrene Foam
- Polyurethane and Polyisocyanurate Foam
- Polyolefin Foam
- Phenolic Foam
- Elastomeric Foam
- Others
Form
- Spray
- Flexible
- Rigid
End Users
- Building and Construction
- Consumer Appliance
- Transport
- Others On the basis of end users, the foam insulation market is segmented into building and construction, consumer appliance, transport and others.
Competitive Landscape and Foam insulation Market Share Analysis
The foam insulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to foam insulation market.
Some of the major players operating in the foam insulation market are
- BASF SE (Germany)
- Covestro AG (Germany)
- Lapolla Industries, Inc. (U.S.)
- Huntsman International LLC ((U.S.)
- Dow (U.S.)
- DuPont (U.S.)
- Safco Foam Insulation (U.S.)
- Cajun Foam Insulation (U.S.)
- Saint-Gobain (France)
- EnergyGuard Foam Insulators, LP (U.S.)
- Insulation Northwest (U.S.)
- Puff Inc. (U.S.)
- Pittsburgh Foam Insulation (U.S.)
- Owens Corning (U.S.)
- Recticel (Belgium)
- Armacell International SA (Luxembourg)
SKU-