Market For Global Foam Insulation Market In 2016

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Global Foam Insulation Market
Global Foam Insulation Market accounted value of
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
Global FoamInsulation 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
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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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.
• 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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Market Segmentation

• The global foam insulation market is segmented on
  the basis of product type, end-user and
  geography. The report provides data for 2015 to
  2024, 2016 being the current year while 2017 to
  2024 is the forecast period for the report.
• 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.
• Global foam insulation market is dominated by
  polystyrene foam with 42.3 market share in 2016,
  growing at a CAGR of 5.5 in the forecast period.

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Competitive Landscape

• The global foam insulation market is highly
  concentrated to a few big players and rest to
  local players who cater to domestic markets only.
  
• BASF SE dominated the foam insulation market
  accounting for a highest market share in 2016,
  followed by SAINT-GOBAIN, The Dow Chemical
  Company and Covestro AG. Other players in this
  market include are Huntsman Corporation, Kingspan
  Group Plc, Armacell International SA, Johns
  Manville, Demilec USA, Inc. and Icynene among
  others.

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