USD 94.41 billion
Foam Insulation Market Size, Share, Growth Analysis, By Material Type(Polyurethane (PUR), Polyisocyanurate (PIR), Polystyrene (EPS/XPS), Polyolefin), By Foam Type(Open-cell Foam, and Closed-cell Foam), By Application(Residential Construction, Commercial Construction, Industrial, HVAC Systems), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25M2056 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
93
|Figures:
79
Foam Insulation Market Insights
Global Foam Insulation Market size was valued at USD 94.41 billion in 2022 and is poised to grow from USD 98.94 billion in 2023 to USD 143.97 billion by 2031, growing at a CAGR of 4.80% during the forecast period (2024-2031).
In recent years, the international Foam Insulation Market has been growing rapidly due to a number of factors. The need for foam insulation materials is being driven by increasing attention to energy efficiency in construction, coupled with strict building codes and regulations. The tendency of the construction industry itself toward sustainability and environmental friendliness has added further to market growth.
With its excellent thermal insulation properties, polyurethane foam takes up the largest market share. Commercial and residential construction make important contributions, especially in areas of extreme weather conditions. The growing need for energy-efficient and environmentally friendly building materials will continue to spur growth in the global foam insulation market.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Polyurethane (PUR)
Fastest Growth
Polyisocyanurate (PIR)
Growth Rate
4.80% CAGR
Global Foam Insulation Market ($ Bn)
Country Share for North America Region (%)
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Foam Insulation Market Segmental Analysis
The global Foam Insulation market is segmented into four major segments i.e. by Material Type, Foam Type, Application, and region. Based on Type, it is divided into Polyurethane (PUR), Polyisocyanurate (PIR), Polystyrene (EPS/XPS), Polyolefin, Phenolic Foam. Based on Foam Type, it is bifurcated as Open-cell Foam, Closed-cell Foam. Based on Application it is segregated into, Residential Construction, Commercial Construction, Industrial, HVAC Systems, Others. Based on region, the market is segmented into United States, Canada, and Mexico.
Analysis by Type
The thermally excellent polyurethane foam is projected to lead the market in insulating materials. With thermal resistance, durability and versatility all at its highs, PUR foam is a popular choice for use in numerous applications across residential construction projects as well as commercial complexes.
Polyisocyanurate foam is forecast to be the material type with the most rapid growth. PIR incorporates the good characteristics of polyurethane with those of polyisocyanurate, both having superior resistance to fire and thermal insulation properties. With building codes and regulations increasingly emphasizing safety and energy efficiency, the need for PIR foam insulation will expand going forward--especially in commercial or industrial structures.
Analysis by Application
The foamed insulation market is expected to be dominated by the residential construction sector. Meanwhile, the growing emphasis on energy-efficient houses and environmental consideration has been leading to greater demand for foam insulation in residential homes. Also, homeowners and builders stress materials that improve thermal performance or reduce energy consumption to create overall comfort. In this regard foam insulation plays an important role in residential construction
The commercial construction application segment is expected to be the fastest-growing. High-performance insulating materials satisfy ever increasing demands from strong building codes, rules and regulations for energy conservation in commercial infrastructure. foam insulation, with its high heat resistance and flexibility in use--especially among office spaces, retail establishments and health care facilities.
Global Foam Insulation Market By Type
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Foam Insulation Market Regional Insights
North America is about to launch a foam insulation onslaught. This rule is due to the strong building codes, especially in the United States and Canada, which focus on efficiency, energy and low environmental impact. And the booming construction industry combined with rising consciousness on insulation values stimulates demand for foam insulating materials in residential and commercial fields.
The fastest growing region in the foam insulation market is expected to be Asia-Pacific. The region's fast pace of growth is also promoted by rapid urbanization, increasing construction activities and a rising trend toward energy-efficient solutions to building problems in such countries as China or India. Government efforts to encourage the adoption of green building practices provide additional impetus for demand in foam insulation.
Global Foam Insulation Market By Region
- Largest
- Fastest
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Foam Insulation Market Dynamics
Drivers
Increasing Energy-efficient Construction
- Energy-efficient construction is an important factor aiding in expansion of the global foam insulation market. As environmental sustainability becomes ever more a focus, builders and homeowners alike are looking for insulation materials that will improve thermal efficiency and reduce energy consumption. Worldwide adherence to strict building regulations and codes that emphasize the importance of effective insulation also stimulates market expansion. Further, the increasing demand for its product applications in an expanding construction industry and specifically because it is easy to work with when faced with extreme climates especially makes foam insulation materials ideal as effective resistance against heat.
Restraints
High Sugar Content and Consumer Spending Constraints
- In particular, the high initial costs entailed by quality foam insulation materials is a main market obstacle. It makes adoption difficult in price-sensitive markets. Furthermore, environmentally friendly concerns and the ecological impact of foams such as expanded polystyrene (EPS) put a damper on this market. Because of environmental considerations, stringent regulations governing the use of certain foam materials can leave consumers and builders with few options.
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Foam Insulation Market Competitive Landscape
The Foam Insulation market is highly competitive. There are numerous key players in the field striving to outdo one another. The competitive dynamic is also the result of ongoing R & D work to introduce advanced foam insulation solutions. Furthermore, regional players focus on particular market categories so that there is a greater variety of products. This emphasis on sustainability and eco-friendly materials has opened up a new phase of competition in the development of bio-based foam insulation.
Top Player’s Company Profiles
- General Mills
- Nestle
- Kellogg's
- Ferrara Candy Company
- Post Holdings
- Just Born Quality Confections
- Mondelez International
- Hershey
- Albanese Confectionery Group
- Clif Bar & Company
- Mars
- Surf Sweets
- Stretch Island Fruit Company
- RXBAR
- Bobo's Oat Bars
- Jelly Belly Candy Company
- Annie's Homegrown
- LaraBar
- Haribo
- Quest Nutrition
- Trolli
- KIND Snacks
- The Jelly Bean Factory
Recent Developments
- December 2023: Installed Building Products, Inc. (NYSE: IBP), then announced the completion of their acquisition and closing. Combee is comprised of three companies, Air Tight Diagnostics LLC; Control Foams Co., Inc.; and CPF Corporation (trading as Combee Insulation Company Inc.
- June 2023: HUN also announced their intention to purchase Icynene-Lapolla for use in residences and businesses. In order to increase revenues, HUN plans some hefty investments in becoming one of North America's principal manufacturers and suppliers for spray polyurethane foam (SPF) insulation systems. In addition, the deal will probably include buying from another of LLCs affiliates, FFL Partners.
- October 2023:The Belgian foam maker Recticel has completed both sides of the contract for selling its Engineered Foams branch to an American firm called Carpenter Co. and plans a formal closing after satisfying standard conditions (such as antitrust approval
Foam Insulation Key Market Trends
- Rising Consumer Awareness and increased use of clean label products: The growing use of eco-friendly and sustainable foam substances in response to growing environmental worries. Bio-based total foams and recycled materials are gaining reputation as the construction industry places extra price on sustainable construction practices. Another primary fashion is the development of excessive-performance foam insulation with multiplied thermal resistance that meets the increasing demand for energy-green buildings Innovations in set up techniques life which includes in spray foam packages contributes to efficiency and versatility to satisfy production wishes.
Foam Insulation Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our study, the global foam insulation market is vibrant with various notable growths and challenges. Demand for energy efficient construction due to strict building codes and green targets has been driving the market. However, initial costs and environmental issues such as some types of foams have remained stumbling blocks. Polyurethane foam dominates this market because of its great temperature insulating capacity.
North America leads the pack due to its strict laws while Asia Pacific has the highest growth rate in relation to fast urbanization. Important trends include growth of eco-friendly foam products and high-performance insulation innovations. Ultimately, the market represents a dynamic arena shaped by balancing energy efficiency, environmental aspects, and cost.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 94.41 billion |
| Market size value in 2031 | USD 143.97 billion |
| Growth Rate | 4.80% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Foam Insulation Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Foam Insulation Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Foam Insulation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Foam Insulation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Foam Insulation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Foam Insulation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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