Market Overview

Global Foam Insulation Market 2018-2022| Innovation in Polyurethane Foams to Encourage Growth| Technavio

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The global foam insulation market is expected to post a CAGR of nearly 5%
during the period 2018-2022, according to the latest market research
report by Technavio.

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Technavio has published a new market research report on the global foam insulation market from 2018- ...

Technavio has published a new market research report on the global foam insulation market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing demand
for foam insulation in the automotive and construction industries. The
global automotive industry is witnessing an annual growth rate of 3.5%,
leading to an increase in the demand for foam insulation in the
automotive industry. Foam insulation is extensively used to manufacture
different automotive parts such as side skirts, wiper cowls, roll pans,
and bumpers. Increasing demand for polyisocyanurate foam and phenolic
foams insulation of automotive industry. The development of foams in the
form of polystyrene and polyurethane has driven the growth of the foam
insulation in the global market as these foams are extensively used for
inferior components in cars.

This market research report on the global
foam insulation market 2018-2022
also provides an analysis of
the most important trends expected to impact the market outlook during
the forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the innovation in polyurethane
foams as one of the key emerging trends in the global foam insulation
market:

Global foam insulation market: Innovation in
polyurethane foams

Polyurethanes are formed by reacting a polyol, i.e., alcohol, possessing
more than two reactive hydroxyl groups, with a diisocyanate or a
polymeric isocyanate in the presence of suitable catalysts or additives.
Several companies and research institutes are focusing on developing new
forms of polyurethane foams, such as photo-cross-linkable polyurethane,
which can be used in various applications.

"This photo-cross-linkable polyurethane can be produced by
incorporating photo-responsive groups like coumarin into the
polyurethane foam backbone. The coumarin groups will dimerize on
irradiation with ultraviolet light of about 340 nm and can be cleaved
again with the light of wavelength 250 nm,"
says a senior analyst at
Technavio for research on specialty chemicals.

Global foam insulation market: Segmentation
analysis

This market research report segments the global foam insulation market
by product type (polystyrene foam, polyurethane and polyisocyanurate
foam, elastomeric foam, phenolic foam, and polyolefin foam) and
geographical regions (APAC, EMEA, and the Americas).

The polystyrene foam segment held the largest market share in 2017,
accounting for nearly 55% of the market. This product type segment is
expected to dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 38% of the
market share. The market share occupied by this region is anticipated to
increase by nearly 2% during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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