Global Plastic Foam Insulation Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 4.8% over the forecast period 2020-2027.
Global Plastic Foam Insulation Market
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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Plastic Foam Insulation Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Plastic Foam Insulation Market overview
The plastic foam insulation is witnessing a high growth attributable to rapid growth in urbanization and industrialization in developing economies. The plastic foam is are used in roof board, forging, slabs and doors. Plastic foam is synthetic resin converted into open cell structure or closed cell structure it may be rigid or flexible. It is commonly used in building & construction and packaging industry attributable to its unique properties such as low water absorption, relatively good mechanical strength, low density and low heat conduction coefficient.
Plastic Foam Insulation Market Dynamics.
The increasing demand for plastic foam insulation in developing economics and increasing applications for plastic foam insulation in building & construction industry such as in doors, slabs and roof board is driving the growth of the plastic foam insulation market. The government initiative towards green building that consume limited amount of energy and favourable policies for plastic foam insulation such proving tax benefits has made a positive impact on the market. Rising consumer awareness towards save energy has uplift the plastic foam insulation market.
Increasing FDI investment and growth in new product development in plastic foam insulation market is driving the growth of the plastic foam insulation market. Packaging of electronic applications, for example to protect a television set if it is accidentally dropped or crash padding during delivery is increasing demand for plastic foam insulation in packaging industry. Expansion of import & import industry has led to growing usages of plastic for packaging, increasing the demand for plastic foam insulation market over the forecast period. Manufactures are paying much attention towards plastic foam insulation attributable to its excellent advantage such as better mechanical performance, light-weight and good appearance of finished products and this has resulted in many lucrative opportunities for plastic foam insulation market.
However, government stringent policies towards toxic chemicals and lack of consumer awareness may hamper the growth of the plastic foam insulation market.
Global Plastic Foam Insulation Market: Market Segmentation
Global Plastic Foam Insulation Market is segmented by Type Polyurethane, Polystyrene, Polyolefin, Phenolic and Others (melamine, PVC, silicone, rubber, and polyvinylidene fluoride (PVDF)). Among these, the demand for Polyurethane is dominating the market in this segment. Good insulation, mechanical strength, low heat and water absorption is driving the growth of the market in this segment. It is used in wide applications such as in truck seating, upholstery, automotive, thermal and RTM cores.
Global Plastic Foam Insulation Market: Regional Analysis
The regional analysis of the worldwide Plastic Foam Insulation market is segregated across North America, Europe, Asia Pacific, the Middle East and Africa, and South America. The Asia Pacific is dominating the Plastic Foam Insulation market. Heavy FDI investment in building & construction industry in developing economics is driving the growth of the plastic foam insulation market in this region. Besides, rising economic growth rate in these region has built many lucrative opportunities in Asia pacific. In North America the green building certifications as well as energy conservation programs has made a positive impact in this region. Besides, government favourable policies for instance US Environmental Protection Agency’s ENERGY STAR rating for conservation of energy and growing demand in transportation and automotive industry is driving the growth of the plastic foam insulation market in this region.
The objective of the report is to present a comprehensive analysis of the Global Plastic Foam Insulation Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Plastic Foam Insulation Market dynamics, structure by analyzing the market segments and project Global Plastic Foam Insulation Market Clear representation of competitive analysis of key players by price, financial position, Type portfolio, growth strategies, and regional presence in the Global Plastic Foam Insulation Market make the report investor’s guide.
Global Plastic Foam Insulation Market Competitive Landscape:
Global Plastic Foam Insulation Market 1
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Global Plastic Foam Insulation Market, by Type
• Polyurethane
• Polystyrene
• Polyolefin
• Others (Phenolic, melamine, PVC, silicone, rubber, and polyvinylidene fluoride (PVDF)
Global Plastic Foam Insulation Market, by Application
• Building & Construction
• Packaging
• Automotive
• Others
Global Plastic Foam Insulation Market, by Region
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Global Plastic Foam Insulation Market Major Players
• BASF SE
• Covestro
• Huntsman International LLC
• The Dow Chemical Company
• Wanhua Chemical Group Co., Ltd.
• Rockwool International A/S
• Knauf Insulation GmbH
• Saint-Gobain S.A.
• Owens Corning Corporation
• Berkshire Hathaway Inc.
• Paroc Oy
• Uralita
• Recticel
• Kingspan Group plc.
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