Foamed Plastic Insulation Products Market Size, Trends and Insights By Type (Polyurethane Foam, Polystyrene, Polyisocyanurate, Phenolic Foam, Other), By Application (Building & Construction, Industrial, Residential, Other), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
Study Period: | 2024-2033 |
Fastest Growing Market: | Asia-Pacific |
Largest Market: | Europe |
Major Players
- Trelleborg
- Dow
- Avery Dennison Corporation
- Owens Corning
- 3M Company
- Dupont
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Foamed Plastics Insulation Market Size was valued at USD 103.1 billion in 2021 and is expected to reach USD 105 billion in 2022 and is estimated to reach USD 125 billion by the end of 2030 at CAGR of approximately 3.5% during the forecast period 2022-2030.
The foam plastic is a polymer or expanded plastic filled with air bubbles. The sponge like-structure of the plastic makes it ideal for the functions like the packaging. The foamed plastics can be made of different types of polymers. These plastics have more diverse features and properties than standard plastics. They are comparatively more flexible, reliable, and convenient. The closed-cell foams are produced by the blowing agent that breaks down at the specific melting point of plastic, and the gas bubbles are released in the gelling process.
The open-cell foams are created by exerting the pressure in which the inert gas is inserted into the resin, and then the mixture is released into the atmosphere. Foam plastics are widely used in various applications, including roof boards, slabs, forging doors, etc. The foam plastics are converted into a sponge-like mass which can be either rigid or flexible. Therefore, foam plastics are in high demand across different industries, including building & construction, automobile industries, etc. The foam plastics offer extensive features like lower water absorption, good mechanical strength, excellent insulating properties, heat conduction, etc.
Growth Factors
Demand for foam plastics for industrial and non-industrial goods drives market growth.
Foam plastics are efficient materials widely used for packaging and storing products. These types of plastics provide shockproof and safe packaging of the product, due to which they are used for both industrial as well as non-industrial goods.
An increase in manufacturing and construction activities has led to a massive demand for foam plastics.
The retail shopkeepers and manufacturers are responsible for the product transit across places with safe and secure options. Such factors have led to manufacturers’ massive demand for foam plastics, driving market growth.
The rapid increment in the e-commerce business and the increased preference for online shopping propel the market growth for foam plastics.
The significant rise in e-commerce and online shopping sites has led to an increase in the consumption of foam plastics worldwide. The foam plastics conveniently pack the materials that protect the products during the lengthy transportation procedure.
The massive demand for foam plastics across automotive industries propels market growth.
The automotive industries use expandable polystyrene, a foam plastic product used in the exterior and interior of vehicles and seating arrangements. As per the increase in concern over passenger safety, the foam plastics market will likely expand over the coming years.
Foamed Plastics Insulation Products Market Segmentation
The market is segmented based on type, end-user or Application, and region.
Market segmentation based on Type
Based on type, the foam plastics insulation market is bifurcated into polyurethane, polystyrene, polyolefin, phenolic, and others. The polyurethane segment held the most significant market share in 2021, which accounted for 50%, and is projected to grow at a CAGR of 3.1% during the forecast period. Urethane materials have a wide range of features and are used in different types of industries on a global scale.
They can range in different types: tight, heavy, thermosetting, thermoplastic, flexible, and soft. With the beneficiaries of a wide range of features, they are widely preferred among industries, including furniture, insulation, bedding, automotive, etc. Various lightweight materials, like cushioning foam, car bumpers, dashboards, budding, etc., are polyurethane. They are widely preferred for insulation and construction purposes. The material has characteristic features, including low water absorption, low density, low heat conduction coefficient, good mechanical strength, and insulating properties that drive the market growth for such a segment. Polyurethane materials can be customized according to a large number of applications.
- Market segmentation based on Application
Based on Application, the foam plastics insulation market segmentation includes building & construction, packaging, automotive, furniture & bedding, footwear, sports & recreational, and others. The building and construction segment has dominated the foam plastics market in 2021 and is projected to grow at a significant CAGR of 3.4% during the forecast period. The foam is widely used in the construction industry for thermal insulation and sealing due to its flexible, durable, and lightweight qualities. It is a prominent insulator with a relaxed nature and lacks fibrous characteristics. Hence, it is ideal to be used on the walls and roofs of homes. The foam also helps to mitigate the noise level and is mainly used in cold regions.
Report Scope
Feature of the Report | Details |
Market Size in 2021 | USD 103.1 Billion |
Projected Market Size in 2030 | USD 125 Billion |
CAGR Growth Rate | 3.5% CAGR (2022-2030) |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Prominent Players | Trelleborg, Dow, Avery Dennison Corporation, Owens Corning, 3M Company, Dupont, Sika, BASF, Johns Manville, Dunmore, Knauf Insulation, Saint-Gobain, ACH Foam Technologies, American Excelsior, INOAC Corporation, and Others |
Key Segment | By Type, Application, and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Regional Insights
Based on geography, the foam plastics insulation market is segmented across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region has dominated the market in 2021, with a market share of 47%, and is expected to reach significant growth during the forecast period.
This can be attributed to the increase in demand for foam plastic insulation products associated with the rise in e-commerce platforms for protective packaging, which drives the market growth across such regions. Various industries, including food & beverages, transportation, construction & building, automotive, and electronics, use foam plastics to protect their products from damage. Across Asian-Pacific regions, China had a significant contribution to the foam plastics market, with a regional market share of 58%.
The increase in the automotive and construction industries across China has led to a massive demand for foam plastics per desired characteristics. Apart from China, significant market growth can also be witnessed in regions like India and South-East Asia due to the surge in demand for luxury goods and home-based items, including mattresses, furniture, etc., that require foam plastics.
Key Insights
· The global foam plastics insulation market has witnessed significant growth with a CAGR rate of 3.5% over the forecast period.
· The Asia-Pacific has dominated the foam plastics market with a revenue share of 47% in 2021 and is expected to maintain the dominant position during the forecast period.
· By type, the polyurethane segment held the largest market share in 2021 and is expected to grow at a CAGR of 3.1% during the forecast period.
· By Application, the building and construction segment has dominated the foam plastics market and is projected to grow at a significant CAGR of 3.4% during the assessment period.
Key Players
Various vital players have led to rapid investments to enhance their product portfolio and increase the production rate, which has led to the development of foamed plastics market.
- Trelleborg
- Dow
- Avery Dennison Corporation
- Owens Corning
- 3M Company
- Dupont
- Sika
- BASF
- Johns Manville
- Dunmore
- Knuaf Insulation
- Saint-Gobain
- ACH Foam Technologies
- American Excelsior
- INOAC Corporation
Covid-19 impact on foamed plastics insulation products market
The rapid emergence of the covid-19 has led to a temporary decline in the foam plastics insulation market to a certain level. The foamed plastics market heavily depends on the expansion of construction and logistics and other manufacturing industries. The imposed lockdown and restriction on the movement have disrupted the supply chain and import and export activities. This kind of disturbance in transportation activities resulted in a halt in production, leading to the temporary downfall of the foam plastic products market. However, the market started to regain its position after September 2021.
Recent Developments in foamed plastics insulation products market
- In June 2020, Dolce Packaging, a subsidiary of Teni-Plex Inc., announced a collaboration with Agilyx Corporation to expand the recycling of polystyrene packaging. The exhibiting increased the production rate of the company as well as the plastic recovery rate by up to 90%.
- In February 2020, Huntsman Corporation announced the completed acquisition of the leading North American company named Icyene-Lapolla for residential and commercial applications.
- In March 2019, BASF announced the enhancement of the regional innovation capabilities at the Shanghai Innovation Campus to their collaboration with the automotive industry.
- In 2022, BASF SE and Confoil announced their collaboration to make a certified compostable paper-based food trey. The product is named DualPakECOâ. The company also launched Ultramida A3EM8 OP for automobile parts.
- In January 2022, Tekni-Plex introduced a processor tray made of foam polypropylene for storing fresh food.
Market segments covered in the report
By Type
- Polyurethane Foam
- Polystyrene
- Polyisocyanurate
- Phenolic Foam
- Others
By Application
- Building & Construction
- Industrial
- Residential
- Other
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Foamed Plastic Insulation Products Market, (2022 – 2030) (USD Billion)
- 2.2 Global Foamed Plastic Insulation Products Market : snapshot
- Chapter 3. Global Foamed Plastic Insulation Products Market – Industry Analysis
- 3.1 Foamed Plastic Insulation Products Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Demand For Foam Plastics For Industrial And Non-Industrial Goods
- 3.2.2 An Increase In Manufacturing And Construction
- 3.2.3 Increment In The E-Commerce Business
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Application
- Chapter 4. Global Foamed Plastic Insulation Products Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Foamed Plastic Insulation Products Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Foamed Plastic Insulation Products Market – Type Analysis
- 5.1 Global Foamed Plastic Insulation Products Market overview: By Type
- 5.1.1 Global Foamed Plastic Insulation Products Market share, By Type, 2021 and 2030
- 5.2 Polyurethane Foam
- 5.2.1 Global Foamed Plastic Insulation Products Market by Polyurethane Foam, 2022 – 2030 (USD Billion)
- 5.3 Polystyrene
- 5.3.1 Global Foamed Plastic Insulation Products Market by Polystyrene, 2022 – 2030 (USD Billion)
- 5.4 Polyisocyanurate
- 5.4.1 Global Foamed Plastic Insulation Products Market by Polyisocyanurate, 2022 – 2030 (USD Billion)
- 5.5 Phenolic Foam
- 5.5.1 Global Foamed Plastic Insulation Products Market by Phenolic Foam, 2022 – 2030 (USD Billion)
- 5.1 Global Foamed Plastic Insulation Products Market overview: By Type
- Chapter 6. Global Foamed Plastic Insulation Products Market – Application Analysis
- 6.1 Global Foamed Plastic Insulation Products Market overview: By Application
- 6.1.1 Global Foamed Plastic Insulation Products Market share, By Application, 2021 and 2030
- 6.2 Building & Construction
- 6.2.1 Global Foamed Plastic Insulation Products Market by Building & Construction, 2022 – 2030 (USD Billion)
- 6.3 Industrial
- 6.3.1 Global Foamed Plastic Insulation Products Market by Industrial, 2022 – 2030 (USD Billion)
- 6.4 Residential
- 6.4.1 Global Foamed Plastic Insulation Products Market by Residential, 2022 – 2030 (USD Billion)
- 6.1 Global Foamed Plastic Insulation Products Market overview: By Application
- Chapter 7. Foamed Plastic Insulation Products Industry – Regional Analysis
- 7.1 Global Foamed Plastic Insulation Products Industry Regional Overview
- 7.2 Global Foamed Plastic Insulation Products Industry Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Foamed Plastic Insulation Products Industry, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Foamed Plastic Insulation Products Industry, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Foamed Plastic Insulation Products Industry, 2022 – 2030 (USD Billion)
- 7.4 North America Foamed Plastic Insulation Products Industry, by Type, 2022 – 2030
- 7.4.1 North America Foamed Plastic Insulation Products Industry, by Type, 2022 – 2030 (USD Billion)
- 7.5 North America Foamed Plastic Insulation Products Industry, by Application, 2022 – 2030
- 7.5.1 North America Foamed Plastic Insulation Products Industry, by Application, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Foamed Plastic Insulation Products Industry, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe Foamed Plastic Insulation Products Industry, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe Foamed Plastic Insulation Products Industry, 2022 – 2030 (USD Billion)
- 7.7 Europe Foamed Plastic Insulation Products Industry, by Type, 2022 – 2030
- 7.7.1 Europe Foamed Plastic Insulation Products Industry, by Type, 2022 – 2030 (USD Billion)
- 7.8 Europe Foamed Plastic Insulation Products Industry, by Application, 2022 – 2030
- 7.8.1 Europe Foamed Plastic Insulation Products Industry, by Application, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Foamed Plastic Insulation Products Industry, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific Foamed Plastic Insulation Products Industry, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific Foamed Plastic Insulation Products Industry, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific Foamed Plastic Insulation Products Industry, by Type, 2022 – 2030
- 7.10.1 Asia Pacific Foamed Plastic Insulation Products Industry, by Type, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific Foamed Plastic Insulation Products Industry, by Application, 2022 – 2030
- 7.11.1 Asia Pacific Foamed Plastic Insulation Products Industry, by Application, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Foamed Plastic Insulation Products Industry, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America Foamed Plastic Insulation Products Industry, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America Foamed Plastic Insulation Products Industry, 2022 – 2030 (USD Billion)
- 7.13 Latin America Foamed Plastic Insulation Products Industry, by Type, 2022 – 2030
- 7.13.1 Latin America Foamed Plastic Insulation Products Industry, by Type, 2022 – 2030 (USD Billion)
- 7.14 Latin America Foamed Plastic Insulation Products Industry, by Application, 2022 – 2030
- 7.14.1 Latin America Foamed Plastic Insulation Products Industry, by Application, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Foamed Plastic Insulation Products Industry, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Foamed Plastic Insulation Products Industry, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa Foamed Plastic Insulation Products Industry, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa Foamed Plastic Insulation Products Industry, by Type, 2022 – 2030
- 7.16.1 The Middle-East and Africa Foamed Plastic Insulation Products Industry, by Type, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa Foamed Plastic Insulation Products Industry, by Application, 2022 – 2030
- 7.17.1 The Middle-East and Africa Foamed Plastic Insulation Products Industry, by Application, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Trelleborg
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Dow
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Avery Dennison Corporation
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Owens Corning
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 3m Company
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Dupont
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Sika
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Basf
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Johns Manville
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Dunmore
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Knauf Insulation
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Saint-Gobain
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Ach Foam Technologies
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 American Excelsior
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Inoac Corporation
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.1 Trelleborg
List Of Figures
Figures No 1 to 21
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
Perspective | Primary research | Secondary research |
Supply-side |
|
|
Demand-side |
|
|
Market Analysis Matrix
Qualitative analysis | Quantitative analysis |
|
|
Key Players
- Trelleborg
- Dow
- Avery Dennison Corporation
- Owens Corning
- 3M Company
- Dupont
- Sika
- BASF
- Johns Manville
- Dunmore
- Knuaf Insulation
- Saint-Gobain
- ACH Foam Technologies
- American Excelsior
- INOAC Corporation
- Others
FAQs
“Asia-Pacific” region will lead the global Foamed Plastic Insulation Products market during the forecast period 2022 to 2030.
The key factors driving the market
Demand For Foam Plastics For Industrial And Non-Industrial Goods, An Increase In Manufacturing And Construction, Increment In The E-Commerce Business
The key players operating in the Foamed Plastic Insulation Products market are Trelleborg, Dow, Avery Dennison Corporation, Owens Corning, 3M Company, Dupont, Sika, BASF, Johns Manville, Dunmore, Knuaf Insulation, Saint-Gobain, ACH Foam Technologies, American Excelsior, INOAC Corporation.
The global Foamed Plastic Insulation Products market is expanding growth with a CAGR of approximately 3.5% during the forecast period (2022 to 2030).
The global Foamed Plastic Insulation Products market size was valued at USD 103.1 Billion in 2021 and it is projected to reach around USD 125 Billion by 2030.