Foam Insulation Market Projected to Hit $22.39 Bn at 4.95% CAGR to 2021

The foam insulation market was valued at $17.58 billion in 2016 and is projected to reach $22.39 billion by 2021, at a CAGR of 4.95% from 2016 to 2021.

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The foam insulation market is mainly driven by the growing construction and transportation end-use industries. The growth of the construction industry is attributed to increasing population and rapid industrialization in developing countries, such as India, China, Russia, South Africa, Indonesia, and Brazil, among others. Whereas, the demand for foam insulation in the transportation industry is driven by the increasing demand for perishable food items, where foam insulation is used in refrigerated containers for the transportation of temperature-sensitive food items.

The key players profiled in the report include
1. BASF SE (Germany),
2. Covestro AG (Germany),
3. Huntsman International LLC (U.S.),
4. Kingspan Group PLC (Republic of Ireland),
5. Lapolla Industries, Inc. (U.S.),
6. Owens Corning (U.S.),
7. RecticelGroup (Belgium),
8. Saint-Gobain (France),
9. Dow Chemical Company (U.S.),

Browse complete report on “Foam Insulation Market by Product Type (Polystyrene, Polyurethane & Polyisocyanurate, Polyolefin, Elastomeric, and Phenolic), End-use Industry (Building & Construction, Transportation, and Consumer Appliances), and Region - Global Forecast to 2021” with 136 pages
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Elastomeric foam exhibits properties such as low thermal conductivity and high resistance to water vapor transmission, and is fire resistant in nature. Elastomeric foam is manufactured without using chlorofluorocarbons (CFCs), hydro chlorofluorocarbons (HCFCs), or hydro fluorocarbons (HFCs), which make them environmentally friendly. The demand for elastomeric foam is increasing due to its increasing use in various applications, such as refrigeration piping, HVAC components, interior & exterior duct systems, and chillers, among others.
Market Segmentation, by Product Type:
• Polystyrene foam
• Polyurethane & polyisocyanurate foam
• Polyolefin foam
• Phenolic foam
• Elastomeric foam
Target Audience:
Foam Insulation Manufacturers, Dealers, and Suppliers
• Government Bodies
• Feedstock Suppliers
• Industry Associations
• Large Infrastructure Companies
• Investment Banks

The growing demand for green energy buildings in the European region is driving the market for foam insulation in the region. The rising concern for greenhouse gas emissions and the various stringent building codes for construction of new residential and commercial buildings in the region have also led to the high demand for foam insulation in the building and construction end-use industry. Germany accounted for the largest share of the
In the process of determining and verifying the market size for the several segments and sub segments gathered through secondary research, extensive primary interviews were conducted as follows:
• By Company Type: Tier 1 (31%), Tier 2 (46%), and Tier 3 (23%)
• By Designation: C-level (46%), Director Level (27%), and Others (27%)
• By Region: Asia-Pacific (60%), North America (25%), Europe (10%), South America (4%), and Middle East & Africa (1%)

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Research Coverage
This report segments the market for foam insulation into product type, end-use industry, and region, and provides the estimations for the overall value of the market and the sub segments across various regions. A detailed analysis of the key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, acquisitions, agreements, joint ventures, and recent developments associated with the market for foam insulation.

Reasons to buy this report:
This research report focuses on various levels of analyses-industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the overall views on the competitive landscape; emerging and high-growth segments of the foam insulation market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

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