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

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

LONDON--()--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.

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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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

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

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

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


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200