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Foam Insulation Market: By Form, Product Type By End-user and Region Forecast 2019-2030
Foam Insulation Market: By Form, Product Type By End-user and Region Forecast 2019-2030
Foam Insulation Market size was valued at US$ 21,763.8 billion in 2023 and is expected to grow at a significant CAGR of 5.0% from 2024-2030. The global market provides a detailed overview of the market and that can be segmented by form, product type, and end-user. By type, The market has been segmented into Spray, Flexible, and Rigid. The spray segment is likely to be the largest and fastest-growing segment in terms of type. Based on product type the market is segmented into Polystyrene, Polyurethane and Polyisocyanurate, Polyolefin, Elastomeric, Phenolic, and Others. Among these, the polystyrene segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on end-user, the market is segmented into Building and Construction, Automotive and Transportation, Electricals and Electronics, Packaging, and Others. The Building and Construction segment accounts for the largest share in 2021. Automotive is the second-largest share during the forecast period 2021-2028 according to Precision Business Insights.
In February 2020, Huntsman Corporation completed the acquisition of Icynene-Lapolla to expand the business in downstream polyurethanes.
Study Period
2024-2030Base Year
2023CAGR
5.0%Largest Market
Asia-PacificFastest Growing Market
N/A
Weatherization Assistance Program (WAP) organized by the governments in developed countries coupled with an increase in demand for foam insulation from end-user industries, the launch of cost-effective products by market players and rapid growth in the construction industry are expected to create lucrative opportunities for the market.
Asia-Pacific market is expected to witness the highest market share during the forecast period due to increase in greenhouse gas emissions, rise in construction industry
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 21,763.8 billion |
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Market CAGR |
5.0% |
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By Form |
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By Product Type |
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By End User |
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By Region |
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The foam insulation market size was valued at US$ 21,763.8 billion in 2023 and is projected to grow at a CAGR of 5.0% from 2024-2030.
The major players in the global Foam Insulation market are Firmenich, Givaudan, CKC Fragrances, Symrise, The Estée Lauder Companies, Church & Dwight Co., Inc, THE AVON COMPANY, Parfums Christian Dior, Takasago International Corporation, T.Hasegawa USA Inc
Asia Pacific is the fastest-growing region for Foam Insulation Market
| 1. Executive Summary |
| 2. Global Foam Insulation Market Introduction |
| 2.1. Global Foam Insulation Market Taxonomy |
| 2.2. Global Foam Insulation Market Definitions |
| 2.2.1. Form |
| 2.2.2. Product Type |
| 2.2.3. End User |
| 3. Global Foam Insulation Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Foam Insulation Market Dynamic Factors - Impact Analysis |
| 3.6. Global Foam Insulation Market Competition Landscape |
| 4. Global Foam Insulation Market Analysis,2019 - 2023 and Forecast, 2024 -2030 |
| 4.1. Market Analysis,2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Foam Insulation Market, By Form, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 5.1. Spray |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Flexible |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Rigid |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Foam Insulation Market Forecast, By Product Type, 2019 - 2023 and Forecast, 2022 2028 (Revenue, USD Mn) |
| 6.1. Polystyrene |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Polyurethane and Polyisocyanurate |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Polyolefin |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Elastomeric |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Phenolic |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Foam Insulation Market, By End User, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 7.1. Building and Construction |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Automotive and Transportation |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Electricals and Electronics |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Packaging |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Foam Insulation Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Foam Insulation Market - Opportunity Analysis Index, By Form, Product Type, End User and Region, 2024 -2030 |
| 9. North America Foam Insulation MarketAnalysis,2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 9.1. By Form Analysis 2019 - 2023 and Forecast 2024 -2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Spray |
| 9.1.2. Flexible |
| 9.1.3. Rigid |
| 9.2. Product Type Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Polystyrene |
| 9.2.2. Polyurethane and Polyisocyanurate |
| 9.2.3. Polyolefin |
| 9.2.4. Elastomeric |
| 9.2.5. Phenolic |
| 9.2.6. Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Building and Construction |
| 9.3.2. Automotive and Transportation |
| 9.3.3. Electricals and Electronics |
| 9.3.4. Packaging |
| 9.3.5. Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 -2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Foam Insulation Market - Opportunity Analysis Index, By Form, Product Type, End User, and Country, 2024 -2030 |
| 9.6. North America Foam Insulation Market Dynamics Trends |
| 10. Europe Foam Insulation Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 10.1. By Form Analysis 2019 - 2023 and Forecast 2024 -2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Spray |
| 10.1.2. Flexible |
| 10.1.3. Rigid |
| 10.2. Product Type Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Polystyrene |
| 10.2.2. Polyurethane and Polyisocyanurate |
| 10.2.3. Polyolefin |
| 10.2.4. Elastomeric |
| 10.2.5. Phenolic |
| 10.2.6. Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Building and Construction |
| 10.3.2. Automotive and Transportation |
| 10.3.3. Electricals and Electronics |
| 10.3.4. Packaging |
| 10.3.5. Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Foam Insulation Market - Opportunity Analysis Index, By Form, Product Type, End User, and Country, 2024 -2030 |
| 10.6. Europe Foam Insulation Market Dynamics Trends |
| 11. Asia-Pacific Foam Insulation Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 11.1. By Form Analysis 2019 - 2023 and Forecast 2024 -2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Spray |
| 11.1.2. Flexible |
| 11.1.3. Rigid |
| 11.2. Product Type Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Polystyrene |
| 11.2.2. Polyurethane and Polyisocyanurate |
| 11.2.3. Polyolefin |
| 11.2.4. Elastomeric |
| 11.2.5. Phenolic |
| 11.2.6. Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Building and Construction |
| 11.3.2. Automotive and Transportation |
| 11.3.3. Electricals and Electronics |
| 11.3.4. Packaging |
| 11.3.5. Others |
| 11.4. Country Analysis2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Foam Insulation Market - Opportunity Analysis Index, By Form, Product Type, End User, and Country, 2024 -2030 |
| 11.6. Asia-Pacific Foam Insulation Market Dynamics Trends |
| 12. Latin America Foam Insulation Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 12.1. By Form Analysis 2019 - 2023 and Forecast 2024 -2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Spray |
| 12.1.2. Flexible |
| 12.1.3. Rigid |
| 12.2. Product Type Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Polystyrene |
| 12.2.2. Polyurethane and Polyisocyanurate |
| 12.2.3. Polyolefin |
| 12.2.4. Elastomeric |
| 12.2.5. Phenolic |
| 12.2.6. Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Building and Construction |
| 12.3.2. Automotive and Transportation |
| 12.3.3. Electricals and Electronics |
| 12.3.4. Packaging |
| 12.3.5. Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Foam Insulation Market - Opportunity Analysis Index, By Form, Product Type, End User, and Country, 2024 -2030 |
| 12.6. Latin America Foam Insulation Market Dynamics Trends |
| 13. Middle East and Africa Foam Insulation Market Analysis, 2019 - 2023 and Forecast, 2024 -2030 (Revenue, USD Mn) |
| 13.1. By Form Analysis 2019 - 2023 and Forecast 2024 -2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Spray |
| 13.1.2. Flexible |
| 13.1.3. Rigid |
| 13.2. Product Type Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Polystyrene |
| 13.2.2. Polyurethane and Polyisocyanurate |
| 13.2.3. Polyolefin |
| 13.2.4. Elastomeric |
| 13.2.5. Phenolic |
| 13.2.6. Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Building and Construction |
| 13.3.2. Automotive and Transportation |
| 13.3.3. Electricals and Electronics |
| 13.3.4. Packaging |
| 13.3.5. Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 -2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Foam Insulation Market - Opportunity Analysis Index, By Form, Product Type, End User, and Country, 2024 -2030 |
| 13.6. MEA Foam Insulation Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Firmenich |
| 14.2.2. Givaudan |
| 14.2.3. CKC Fragrances |
| 14.2.4. Symrise |
| 14.2.5. The Estée Lauder Companies |
| 14.2.6. Church & Dwight Co., Inc. |
| 14.2.7. THE AVON COMPANY |
| 14.2.8. Parfums Christian Dior |
| 14.2.9. Takasago International Corporation |
| 14.2.10. T.Hasegawa USA Inc |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.