Global Foam Insulation Market is Poised to Grow at a CAGR of 6.2% by 2024

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Foam Insulation Market Global Industry Trends
and Forecast to 2024
Global Foam Insulation Market, By Product Type
(Polystyrene, Polyurethane Polyisocyanurate,
Polyolefin, Elastomeric, Phenolic), By End-user
(Building Construction, Transport, Consumer
Appliances) Industry Trends and Forecast to
2024
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Report Description
Global Foam Insulation Market is expected to
reach USD 27,561.17 million by 2024 from USD
17,230.00 million in 2016, at a CAGR of 6.2 in
the forecast period 2017 to 2024. The new market
report contains data for historic years 2015, the
base year of calculation is 2016 and the forecast
period is 2017 to 2024. The major factors
contributing to the growth of the market includes
factors such as increasing research and
development, greenhouse gas emissions, growth in
end-use industry, increasing demand for
energy-efficient equipment. On the other hand,
high cost of foams may hinder the growth of the
market.
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Report Segmentation
The global foam insulation market is segmented on
the basis of product type, end-user and
geography. On the basis of product type, the
global foam insulation market is segmented into
polystyrene foam, polyurethane foam,
polyisocyanurate foam, polyolefin foam,
elastomeric foam and phenolic foam. The global
foam insulation market is segmented based on end
user into four notable segments building
construction, transportation, consumer appliances
and others. Based on geography, the market is
segmented into 5 geographical regions, North
America, Europe, Asia-Pacific, South America and
Middle East and Africa.
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Key Drivers

• Some of the major factors driving the market for
  global foam insulation market are increasing
  research and development, greenhouse gas
  emissions, growth in end-use industry. These
  factors demand the foam insulation which boosts
  the market growth.
• High cost of foams may hinder the growth of the
  market.
• Many companies are increasingly focusing on
  technological advancement of foam insulation in
  order to strengthen their product portfolios in
  the foam insulation market.

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Key Points

• BASF SE is going to dominate the global foam
  insulation market following with SAINT-GOBAIN,
  The Dow Chemical Company and Covestro AG. Some of
  the other players are Huntsman Corporation,
  Kingspan Group Plc, Lapolla Industries, Inc.,
  Owens Corning, Saint-Gobain, Recticel Group,
  Armacell International SA, Johns Manville,
  Demilec USA, Inc. and Icynene others among
  others.
• The global polystyrene foam market is expected to
  reach USD 11,125.32 million by 2024, from USD
  7,326.08 million in 2016, growing at a CAGR of
  5.5.
• The building construction is expected to
  dominate the foam insulation market with 48.5
  market share, growing at a CAGR 5.7 in the
  forecast period 2017 to 2024

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