What is Rigid Foam Insulation Market?
Rigid foam insulation is an innovative construction and building material that can reduce a building’s energy use and helps to control the indoor temperature. Rigid foam insulations are high-performing and help to effectively seal gaps and close air leaks, which maintains indoor air temperature and reduce a building’s energy usage. It is made up of three different types of plastics including polyisocyanurate (polyiso), extruded polystyrene (XPS) and expanded polystyrene (EPS), which offer energy saving, durability and moisture control. Rigid foam insulation used for many types of insulation from the foundation to the roof of the building.
The market study is being classified by Type (Polyisocyanurate (Polyiso), Extruded Polystyrene (XPS) and Expanded Polystyrene (EPS)), by Application (Thermal Insulation, Hybrid Insulation and Acoustic Insulation) and major geographies with country level break-up.
Covestro AG (Germany), BASF SE (Germany), Huntsman International LLC (United States), Kingspan Group PLC (Ireland), Lapolla Industries, Inc. (United States), Owens Corning (United States), Recticel Group (Belgium), Saint-Gobain (France), Dow Chemical Company (United States) and Johns Manville (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Armacell International S.A. (Luxembourg).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Rigid Foam Insulation market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Rigid Foam Insulation market by Type, Application and Region.
On the basis of geography, the market of Rigid Foam Insulation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Provides Energy Efficiency and Fire Safety
- Raises the R-Value of the Wall or Roof Assembly
- Increasing Building and Construction Projects Worldwide
- Demand for Innovative Products
- Less Structural Strength than Plywood or OSB Sheathing
- Growing Demand for Rigid Insulation Worldwide
- Rising Demand for Energy Worldwide
- Lack of Awareness among the People
- Slightly More Expensive
Market Leaders and some development strategies
On 23rd April 2018, Huntsman Corporation announced that it has completed the acquisition of Demilec, one of North America's leading manufacturers and distributors of spray polyurethane foam (SPF) insulation systems. The acquisition of Demilec is aligned with Huntsman's stated strategy to grow its downstream polyurethanes business and leverage its global platform to expand Demilec's portfolio of SPF formulations into international markets.
Key Target AudienceRigid Foam Insulation Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Rigid Foam Insulation Market?
"Provides Energy Efficiency and Fire Safety
" is seen as one of major growth factors of Rigid Foam Insulation Market in years to come.
2. Can we have customized study for Rigid Foam Insulation Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Rigid Foam Insulation Market?
United States will lead Rigid Foam Insulation Market in coming years.