2023-2029 is the forecast period in the market report.
Foam insulators are used to fill in the holes or breaks to reduce the rate of heat transfer and air filtration in buildings or structures. It is basically a barrier material that is used to seal the areas around plugs, switchboards, and the walls where doors and windows meet, as well as the cavities in the floor and walls. Foam insulation is a common choice for homes and other buildings, but its use in buildings is relatively new in comparison to its many other uses. The most common type of insulation is foam, which is made of polystyrene, polyurethane, polyisocyanurate, polyolefin, elastomeric, phenolic, and other materials. It contains better protecting characteristics (higher warm protection from heat streams known as R-esteem) due to its ability to block conductive, radiant, and convective heat transfer. Many types also seal air leaks, provide sound reduction, and protect against moisture. Due to its growing popularity and rising demand in various end-user industries, this propels the market's growth over the foreseen period.
Rising demand for energy-efficient equipment and foam insulation in various end-user industries is estimated to propel the market's growth over the foreseen period. Additionally, the construction industry and the rise in construction operations or building expansions have increased demand for foam insulation in the European region. Its applications in the construction industry include unfinished walls, foundation walls, floor & ceiling, unvented low slope roofs, etc. These foams offer high insulating value for relatively little thickness. Moreover, foam insulation can even block short-circuit if installed continuously over frames. In addition, rising modernization, urbanization, and infrastructural improvement are expected to witness high demand over the forecast period. This market is also being driven primarily by rising demand for eco-friendly building insulation, stringent government energy efficiency regulations, and rising building and construction activity. In addition to their common use as thermal insulators, they may offer a wealth of additional advantages, including superior noise reduction in airplanes, ships, buildings, and automobiles. These are the major factors that propel the European foam insulation market over the forecast period.
The market is expected to have new opportunities with technological advancements, ongoing research and development, and the reduction of emissions. In addition, the focus that manufacturers place on the reduction of greenhouse gas emissions and the stringent regulations that the government has imposed in this regard provide market players with lucrative opportunities during the forecast period. In addition, rising populations and the easy availability of home loans at low interest rates have resulted in a rising number of residential buildings, which further increases the demand for foam insulation in the future. Industrial insulation offers new opportunities for building insulation and infrastructure protection against heat, fire, and corrosion due to its exceptional thermal qualities, low energy costs, and high energy efficiency. Because they contribute to increasing the crosslinking density, biodegradability, antioxidant properties, thermal stability, and mechanical strength of the final product, bio-based and energy efficiency insulation represent an opportunity for the expansion of the Europe foam insulation market.
Strict regulations governing the use of certain chemicals and materials and a lack of awareness among consumers in the lower and middle classes hinder the market for European foam insulation. If a gap in your attic is missed during foam insulation, the environment may become more susceptible to water intrusions. This can lead to rot, insect infestations, and even the potential for mold to grow in the space. These are some of the factors that inhibit the growth of the market. The polymer industry's growth may be hindered by strict environmental regulations imposed by European lawmakers.
The growth of the Europe foam insulation market in this region is also severely hampered by the volatile prices of raw materials like crude oil and the high cost of foam insulation in comparison to loose-film insulation. Cost is another factor that holds back market expansion. Spray foam is much messier to install around the house and costs a lot more than standard insulation. These are the challenges for market growth over the forecast period.
The report provides an in-depth analysis of the Europe foam insulation market, market size, and compound annual growth rate (CAGR) for the forecast period of 2023-2029, considering 2022 as the base year. A rise in demand for foam insulation in various applications is anticipated to stimulate the growth of the market and due to this factor, the market is expected to witness growth at a specific CAGR from 2023-2029.
The Europe foam insulation market comprises of different market segments like, type, end-users and country.
By type, the Europe foam insulation market includes key segments like
On the basis of type, the European foam insulation market includes key segments such as polystyrene, polyurethane and polyisocyanurate, polyolefin, elastomeric, phenolic and others. The polyurethane and polyisocyanurate foam segments are expected to dominate the market over the forecast period. This is due to the growing use of polyurethane foams in building insulation for energy conservation and offers environmental benefits.
The polystyrene segment is expected to witness high growth over the projected time period. It provides many benefits, such as temperature stability, dimensional stability, and recovery, light weight and easy to stack; and is resistant to water.
The Europe foam insulation market finds key end-users like
On the basis of end users, the Europe foam insulation market finds key end users such as building and construction, transportation, consumer appliances, and others. Building and construction segments are anticipated to lead the Europe foam insulation market over the foreseen period. The dominance of this segment is due to increasing construction operations or building expansions. In addition, it is used to fill in the gaps or cracks to reduce the rate of heat transfer and air filtration in buildings or structures.
By country, the Europe foam insulation market includes key segments like
On the basis of country, the Europe foam insulation market includes key segments such as UK, Germany, France, Spain, Italy, Rest of Europe. Germany is expected to dominate the market over the foreseen period due to the growing renovation activities in residential buildings there. The UK and France are anticipated to witness high growth over the projected time period. This is due to the growing use of foam insulation in the transportation and automobile industries and the increased use of PU foam in door and window gap fillers. In addition, increasing growth in the construction industry and the rise in construction operations or building expansions have increased demand in this region over the forecast period.
Axiom MRC provides a 360-degree analysis of micro and macro-economic factors in the Europe foam insulation market. In addition, a complete analysis of changes in the Europe foam insulation market expenditure, economic and international policies on the supply and demand side is provided in this exclusive report. The report also studies the impact of pandemic on the Europe economy, international trade, business investments, GDP, and the marketing strategies of key players present in the market. The imposition of lockdown and shutdown has hampered transportation, sales, production, and worker activities on the global market. Because of the lockdown, no new developments are occurring, halting the utilization of protection materials. The majority of European nations are currently under lockdown as a result of the COVID-19 pandemic. The foam insulation industry worldwide has suffered a significant loss as a result of investment losses in the market. In addition, the operations of various regional industries, such as the building and construction industries, are stifling the expansion of the European foam insulation market. The current global market study indicates that the leading market players have been successful in increasing the foam insulation market value over the forecast period in Europe by putting innovative methods and strategies into action.
The competitive landscape analysis of Europe foam insulation market is primarily focused on expanding the Europe foam insulation industry with new product innovation, business expansion, increasing presence of range of manufacturer operating in foam insulation sector has led the growing demand for the market. Besides, the market offers range of products in different application to fulfil the required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are
August 2021: Owens Corning, the company that developed fiberglass insulation, launches PINK Next Gen Fiberglas insulation. This product offers advanced fibre technology. This superior insulation solution enables up to 23% faster installation and creates a tightly woven network of soft, fine fibre to form a super-resilient blanket of insulating micro-pockets.
By type, the Europe foam insulation market includes key segments like polystyrene, polyurethane and polyisocyanurate, polyolefin, elastomeric, phenolic, others. The polyurethane and polyisocyanurate foam segment are expected to hold the largest share and lead the market over the forecast period. By end users, the Europe foam insulation market segments into such as building and construction, transportation, consumer appliances, and others. Building and construction segments are anticipated to lead the Europe foam insulation market over the foreseen period. On the basis of country, the Europe foam insulation market includes key segments like the UK, Germany, France, Italy, Spain and Rest of Europe. The Germany segment is estimated to dominate the Europe foam insulation market over the forecast period.
Sizing for Year:||2019-2029|
Players and its Competitors:|
BASF SE (Germany)
Covestro AG (Germany)
Aerofoam USA (USA)
Paroc Group Oy (Finland)
Huntsman International LLC (US)
Trocellen GmbH (Germany)Owens Corning (US)
What would be forecast period in the market report?
2023-2029 is the forecast period in the market report.
Which is the leading end user segment for Europe foam insulation market?
Building and construction, accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.