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Foam Insulation Market Trends

Report ID: GMI7655
Published Date: Dec 2023
Report Format: PDF

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Foam Insulation Market Trends

As environmental consciousness grows, there is a discernible shift towards foam insulation materials that have lower environmental impact and are sourced from renewable or recycled materials. Additionally, advancements in technology have led to the development of high-performance foam insulation variants with improved fire resistance, moisture control, and enhanced thermal efficiency.

The market is also witnessing a rise in demand for spray foam insulation due to its seamless application and ability to reach confined spaces, providing a more airtight and efficient insulation solution. These trends collectively reflect the industry's commitment to addressing environmental concerns and delivering innovative, sustainable, and effective insulation solutions for diverse construction applications.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of foam insulation reached USD 29.66 billion in 2023 and is set to cross USD 43.64 billion by 2032, led by superior thermal performance, moisture resistance, and versatility offered by the product in application.

Polyurethane foam segment accounted for USD 14.77 billion in 2023, fuelled by its qualities of high thermal resistance, excellent moisture resistance, and ease of application.

North America market was worth USD 10.88 billion in 2023, driven by the region's extreme climatic variations, ranging from frigid winters to hot summers, necessitating effective insulation to enhance energy efficiency and maintain indoor comfort.

BASF, Dow Chemical, Owens Corning, Knauf Insulation, Rockwool International, Huntsman Corporation, Kingspan Group, Covestro, and Armacell International are some of the major industry contenders.