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Foam Insulation Market Overview
Foam Insulation Market is forecast to reach $33.3 billion by 2030, after growing at a CAGR of 5.5% during 2024-2030. Strict government regulation for reducing greenhouse gas emissions and improving energy efficiency in homes and buildings have been key drivers of growth for this market over the forecast period. One significant trend in the foam insulation market is the increasing demand for energy-efficient building materials. As concerns about climate change and energy consumption escalate, there is a growing emphasis on constructing buildings that minimize energy loss and reduce carbon emissions. Foam insulation materials such as expanded polystyrene (EPS), extruded polystyrene (XPS), and polyurethane (PU) offer excellent thermal resistance properties, making them popular choices for insulating walls, roofs, and floors. These materials help maintain comfortable indoor temperatures, reduce the need for heating and cooling, and lower energy bills for building owners. With stricter building codes and regulations mandating higher energy efficiency standards, the demand for foam insulation is expected to rise further.
Additionally, the growing adoption of green building certifications like LEED (Leadership in Energy and Environmental Design) incentivizes the use of insulation materials with high R-values and low environmental impact, driving innovation and expansion in the foam insulation market. Another notable trend in the foam insulation market is the increasing focus on sustainable and eco-friendly insulation solutions. Traditional foam insulation materials, such as XPS and PU, have raised concerns due to their environmental impact, including greenhouse gas emissions during production and potential for landfill pollution at the end of their lifecycle. In response, manufacturers are developing alternative insulation materials with improved sustainability profiles, such as bio-based foams made from renewable resources like soybean oil, castor oil, or recycled materials like cork, cellulose, and recycled PET. These eco-friendly insulation options offer comparable thermal performance while reducing reliance on fossil fuels and minimizing environmental footprint. Moreover, advancements in manufacturing processes, such as reduced energy consumption and water usage, further contribute to the sustainability of foam insulation products. As sustainability becomes a key priority for consumers, builders, and policymakers, the demand for eco-friendly foam insulation solutions is expected to grow, driving innovation and market expansion in the coming years.
Report Coverage
The report: “Foam Insulation Market– Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Foam Insulation Market.
By Product Type - Polystyrene Foam, Polyurethane & Polyisocyanurate Foam, Polyolefin Foam, Elastomeric Foam, Phenolic Foam, Others
By Form – Spray, Flexible, Rigid.
By Application – Residential, Commercial, Industrial, Automotive, Aerospace
By End-user - Building & Construction, Transportation, Consumer Appliances, HVAC & Industrial, Agriculture, Electrical & Electronics, Packaging, Others
By Geography - North America (the U.S., Canada and Mexico), Europe (Germany, United Kingdom (UK), France, Italy, Spain, Russia and the Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia & New Zealand and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of the World (the Middle East and Africa).
Key Takeaways
• Several vendors and research institutes are developing new polyurethane foam forms such as photo cross-linkable polyurethane for different applications.
• The increasing application of foam insulation in the construction industries are the most important factor in driving global market growth.
• Increasing demand in the automotive industry for foam insulation types such as polyisocyanurate foam and phenolic foam in auto components for insulation.
Product Type - Segment Analysis
Polyolefin Foam segment held the largest share in the Foam Insulation Market in 2023. Polyolefin foam demand is due to its lightweight and flexible design that is needed for HVAC applications (heating, ventilation and air conditioning). Many nations and international bodies, including the United States, China, South Korea, and the EU, have different construction codes for new commercial and residential buildings.
End-Use Industry - Segment Analysis
Building & The construction sector has been the primary market for Foam Insulation by growing at a CAGR of 4%, due to its performance characteristics. According to the US department and energy, In 2022, buildings consume over 40% of the total energy. Major building energy is spent on space cooling and heating and major heat are lost through the building envelope due to air leakages. By using, Foam insulation can reduce air leakages by present on walls, window frames, door frames, floorings, among others which results in low utility bills and can reduce greenhouse gas emissions.
Geography - Segment Analysis
APAC dominated the Foam Insulation Market with a share of more than 47%, followed by North America and Europe. Due to fast economic growth in India and China, a change in sector trends is noted. With many Asia-Pacific nations still mainly rural, economic growth is set to promote continuing urbanization. In addition, population growth in these nations is anticipated to increase demand for the end-use industry, which in turn is projected to drive the Foam Insulation Market during the forecast period. All these factors attribute to the market growth of the market.
Drivers – Foam Insulation Market
• Increasing Government Regulations
In order to support energy efficiency and the growing demand for going green, the increasing numbers of government regulators in different countries are using foam isolation in buildings. The foam insulation market over the forecast period is anticipated to be propelled by increasing modifications in buildings in developed and developing regions.
Challenges – Foam Insulation Market
• Lack of awareness about the benefits of foam insulation.
Lack of awareness about the benefits of foam insulation and fewer government initiations and low manufactures can restrain the growth of the market. It is estimated that 25% of home heat loss is via the roof, 35% is through the walls and 25% is through air leakages, so the walls and roof insulation are two of the most efficient energy efficiency.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Foam Insulation Market. Major players in the Foam Insulation Market are BASF SE, Covestro AG, Huntsman International LLC, Kingspan Group PLC, Lapolla Industries, Inc., Owens Corning, Recticel Group, Saint-Gobain, the Dow Chemical The company, Armacell International S.A., and Johns Manville, among others.
Acquisitions/Technology Launches
• In Jan 2022, Owens Corning has completed the acquisition of Natural Polymers, LLC, a manufacturer of spray polyurethane foam insulation for building and construction applications, based in Cortland, Illinois.
• In September 2023, Firestable Insulation Company Launches Industry Leading Open & Closed Cell Spray Foam Products. They are expanding its insulation market reach with the release of Stablebase™ 2.0 Max R and Stablebase™ 0.5 Max Yield spray polyurethane foam (SPF) products.
1. Foam Insulation Market - Overview
1.1 Definitions and Scope
2. Foam Insulation Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Foam Insulation Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Foam Insulation Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Foam Insulation Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Foam Insulation Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Foam Insulation Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Foam Insulation Market - By Product Type (Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
8.3.1 Market Size Estimation
8.3.1.1 Polystyrene Foam
8.3.1.2 Polyurethane & Polyisocyanurate Foam
8.3.1.3 Polyolefin Foam
8.3.1.4 Elastomeric Foam
8.3.1.5 Phenolic Foam
8.3.1.6 Others
9. Foam Insulation Market - By Form (Market Size -$Million / $Billion)
9.1 Spray
9.2 Flexible
9.1 Rigid
10. Foam Insulation - By Application Type (Market Size -$Million / $Billion)
10.1 Residential
10.2 Commercial
10.3 Industrial
10.4 Automotive
10.5 Aerospace
11. Foam Insulation Market By End-Use Industry (Market Size -$Million / $Billion)
11.1 Building & Construction
11.2 Transportation
11.3 Consumer Appliances
11.4 HVAC & Industrial
11.5 Agriculture
11.6 Electrical & Electronics
11.7 Packaging
11.8 Others
12. Foam Insulation- By Geography (Market Size -$Million / $Billion)
12.1. North America Product type and Application Market Size
12.1.1 U.S
12.1.2 Canada
12.1.3 Mexico
12.2. South America Product type and Application Market Size
12.2.1 Brazil
12.2.2 Argentina
12.2.3 Chile
12.2.4 Colombia
12.2.5 Rest of South America
12.3. Europe Segment Product type and Application Market Size
12.3.1 U.K
12.3.2 Germany
12.3.3 Italy
12.3.4 France
12.3.5 Netherlands
12.3.6 Belgium
12.3.7 Denmark
12.3.8 Spain
12.3.9 Rest of Europ
12.4 APAC Segment - Product type and Application Market Size
12.4.1 China
12.4.2 Australia
12.4.3 Japan
12.4.4 South Korea
12.4.5 India
12.4.6 Taiwan
12.4.7 Malaysia
12.4.8 Hong kong
12.4.9 Rest of APAC
12.5 Middle East Segment Product type and Application Market Size
12.5.1 Middle East
12.5.2 Africa
13. Foam Insulation Market - Entropy
13.1 New product launches
13.2 M&A s, collaborations, JVs and partnerships
14. Foam Insulation Market - Industry / Segment Competition landscape Premium
14.1 Market Share Analysis
14.1.1 Market Share by Country- Top companies
14.1.2 Market Share by Region- Top 10 companies
14.1.3 Market Share by type of Application - Top 10 companies
14.1.4 Market Share by type of Product / Product category- Top 10 companies
14.1.5 Market Share at global level - Top 10 companies
14.1.6 Best Practises for companies
15. Foam Insulation Market - Key Company List by Country Premium
16. Foam Insulation Market Company Analysis
16.1 Market Share, Company Revenue, Products, M&A, Developments
16.2 Armacell International SA
16.3 BASF SE
16.4 Covestro AG
16.5 Huntsman Corporation
16.6 Johns Manville
16.7 Kingspan Group PLC
16.8 Owens Corning
16.9 Recticel Group
16.10 Saint-Gobain
16.11 The DOW Chemical Company & More
*Financials would be provided on a best efforts basis for private companies"
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LIST OF TABLES
1.Global Foam Insulation Market By Product Type Market 2019-2024 ($M)1.1 Market Size Estimation Market 2019-2024 ($M) - Global Industry Research
1.1.1 Polystyrene Foam Market 2019-2024 ($M)
1.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 ($M)
1.1.3 Polyolefin Foam Market 2019-2024 ($M)
1.1.4 Elastomeric Foam Market 2019-2024 ($M)
1.1.5 Phenolic Foam Market 2019-2024 ($M)
2.Global Foam Insulation Market By End-Use Industry Market 2019-2024 ($M)
2.1 Building & Construction Market 2019-2024 ($M) - Global Industry Research
2.2 Transportation Market 2019-2024 ($M) - Global Industry Research
2.3 Consumer Appliances Market 2019-2024 ($M) - Global Industry Research
3.Global Foam Insulation Market By Product Type Market 2019-2024 (Volume/Units)
3.1 Market Size Estimation Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Polystyrene Foam Market 2019-2024 (Volume/Units)
3.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 (Volume/Units)
3.1.3 Polyolefin Foam Market 2019-2024 (Volume/Units)
3.1.4 Elastomeric Foam Market 2019-2024 (Volume/Units)
3.1.5 Phenolic Foam Market 2019-2024 (Volume/Units)
4.Global Foam Insulation Market By End-Use Industry Market 2019-2024 (Volume/Units)
4.1 Building & Construction Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Transportation Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Consumer Appliances Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Foam Insulation Market By Product Type Market 2019-2024 ($M)
5.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Polystyrene Foam Market 2019-2024 ($M)
5.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 ($M)
5.1.3 Polyolefin Foam Market 2019-2024 ($M)
5.1.4 Elastomeric Foam Market 2019-2024 ($M)
5.1.5 Phenolic Foam Market 2019-2024 ($M)
6.North America Foam Insulation Market By End-Use Industry Market 2019-2024 ($M)
6.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
6.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
6.3 Consumer Appliances Market 2019-2024 ($M) - Regional Industry Research
7.South America Foam Insulation Market By Product Type Market 2019-2024 ($M)
7.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Polystyrene Foam Market 2019-2024 ($M)
7.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 ($M)
7.1.3 Polyolefin Foam Market 2019-2024 ($M)
7.1.4 Elastomeric Foam Market 2019-2024 ($M)
7.1.5 Phenolic Foam Market 2019-2024 ($M)
8.South America Foam Insulation Market By End-Use Industry Market 2019-2024 ($M)
8.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
8.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
8.3 Consumer Appliances Market 2019-2024 ($M) - Regional Industry Research
9.Europe Foam Insulation Market By Product Type Market 2019-2024 ($M)
9.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Polystyrene Foam Market 2019-2024 ($M)
9.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 ($M)
9.1.3 Polyolefin Foam Market 2019-2024 ($M)
9.1.4 Elastomeric Foam Market 2019-2024 ($M)
9.1.5 Phenolic Foam Market 2019-2024 ($M)
10.Europe Foam Insulation Market By End-Use Industry Market 2019-2024 ($M)
10.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
10.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
10.3 Consumer Appliances Market 2019-2024 ($M) - Regional Industry Research
11.APAC Foam Insulation Market By Product Type Market 2019-2024 ($M)
11.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Polystyrene Foam Market 2019-2024 ($M)
11.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 ($M)
11.1.3 Polyolefin Foam Market 2019-2024 ($M)
11.1.4 Elastomeric Foam Market 2019-2024 ($M)
11.1.5 Phenolic Foam Market 2019-2024 ($M)
12.APAC Foam Insulation Market By End-Use Industry Market 2019-2024 ($M)
12.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
12.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
12.3 Consumer Appliances Market 2019-2024 ($M) - Regional Industry Research
13.MENA Foam Insulation Market By Product Type Market 2019-2024 ($M)
13.1 Market Size Estimation Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Polystyrene Foam Market 2019-2024 ($M)
13.1.2 Polyurethane & Polyisocyanurate Foam Market 2019-2024 ($M)
13.1.3 Polyolefin Foam Market 2019-2024 ($M)
13.1.4 Elastomeric Foam Market 2019-2024 ($M)
13.1.5 Phenolic Foam Market 2019-2024 ($M)
14.MENA Foam Insulation Market By End-Use Industry Market 2019-2024 ($M)
14.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
14.2 Transportation Market 2019-2024 ($M) - Regional Industry Research
14.3 Consumer Appliances Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Foam Insulation Market Revenue, 2019-2024 ($M)2.Canada Foam Insulation Market Revenue, 2019-2024 ($M)
3.Mexico Foam Insulation Market Revenue, 2019-2024 ($M)
4.Brazil Foam Insulation Market Revenue, 2019-2024 ($M)
5.Argentina Foam Insulation Market Revenue, 2019-2024 ($M)
6.Peru Foam Insulation Market Revenue, 2019-2024 ($M)
7.Colombia Foam Insulation Market Revenue, 2019-2024 ($M)
8.Chile Foam Insulation Market Revenue, 2019-2024 ($M)
9.Rest of South America Foam Insulation Market Revenue, 2019-2024 ($M)
10.UK Foam Insulation Market Revenue, 2019-2024 ($M)
11.Germany Foam Insulation Market Revenue, 2019-2024 ($M)
12.France Foam Insulation Market Revenue, 2019-2024 ($M)
13.Italy Foam Insulation Market Revenue, 2019-2024 ($M)
14.Spain Foam Insulation Market Revenue, 2019-2024 ($M)
15.Rest of Europe Foam Insulation Market Revenue, 2019-2024 ($M)
16.China Foam Insulation Market Revenue, 2019-2024 ($M)
17.India Foam Insulation Market Revenue, 2019-2024 ($M)
18.Japan Foam Insulation Market Revenue, 2019-2024 ($M)
19.South Korea Foam Insulation Market Revenue, 2019-2024 ($M)
20.South Africa Foam Insulation Market Revenue, 2019-2024 ($M)
21.North America Foam Insulation By Application
22.South America Foam Insulation By Application
23.Europe Foam Insulation By Application
24.APAC Foam Insulation By Application
25.MENA Foam Insulation By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Covestro AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Huntsman Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Kingspan Group PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Owens Corning, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Saint-Gobain, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.The DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Recticel Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Armacell International SA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Johns Manville, Sales /Revenue, 2015-2018 ($Mn/$Bn)