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Global Foamed Plastic Insulation

Publisher Freedonia Group
Published May 31, 2022
Length 271 Pages
SKU # FG17175302

Description

Global Foamed Plastic Insulation

Global demand for foamed plastic insulation is forecast to rise 4.0% per year to 9.1 million metric tons, valued at $29.6 billion, in 2025. Demand will be driven by:
  • a global rebound in construction activity from the low levels experienced in 2020 due to the COVID-19 pandemic
  • advances in nonresidential building construction, particularly in the Asia/Pacific region
  • increasingly stringent energy efficiency and fire safety policies throughout the world, which often call for greater insulation usage in buildings
  • rising production of motor vehicles, appliances, aerospace equipment, HVAC equipment, and industrial equipment
However, below average building construction outlooks in the US and Japan, as well as continued declines in single-family housing construction in China, will provide a check on even faster gains.

This report covers foamed plastic insulation demand by market and product type. Data are given in dollar value and volume (metric tons and square meters of R-1 value).

Foamed plastic insulation markets covered in the study include:
    Residential buildings
    Nonresidential buildings
    Industrial and plant equipment
    HVAC equipment
    Appliances
    Transportation equipment
    Other markets

Product types for foamed plastic insulation include:
    Expanded polystyrene (EPS)
    Extruded polystyrene (XPS)
    Polyurethane and Polyisocyanurate (PUR/PIR)
    Other foamed plastic insulation (elastomeric, polyolefin, phenolic, melamine)

Scope of the Report

This report covers the scope, size, and growth of the global foamed plastic insulation market, including key trends in markets and product types. Historical data are provided for 2010, 2015, and 2020 with forecasts for 2025 and 2030, with year by year historical market volatility also addressed. Data are provided in both volume and dollar value.
Also included is an analysis of the industry key players and their market share.s

Rising Prices & Short Supply Leading to Pent Up Demand in Appliance Market

In 2020, demand for freezers and refrigerators – which had been nearing a cyclical peak – rose in many developed countries as consumers around the world sought more storage for nonperishable foods, first to stockpile and later to reduce the frequency of shopping trips. Additionally, demand in the US rose along with home improvement spending, as consumers used their disposable income to upgrade their living spaces.

However, supplies of appliances were unable to meet demand in 2020 and into 2021, as production was shut down in many parts of the world (particularly China, which continues to pursue a zero-COVID policy). Disrupted supply chains and rising prices for appliances (due in part to extruded polystyrene price increases) caused consumers to further delay sales, either voluntarily or because they were unable to find products to purchase. Appliance demand in the nonresidential market also grew, as expanding food delivery services, curbside grocery pickup programs, and ongoing concerns over the availability of certain food items caused retailers and restaurants to look to invest in cold storage.

As a result, demand for insulation used in appliance manufacturing will be strong through 2025, as pent up demand in the early part of the forecast period is released.

Developing Countries – Particularly India – Will Offer the Best Growth Opportunities

The sizable stock of substandard housing units in the Asia/Pacific and Africa/Mideast regions – which together account for over 75% of the world’s population – presents a significant growth opportunity for greater use of foamed plastic insulation. Governments in a number of developing countries in these areas are working to improve housing quality, including through the adoption of minimum insulation requirements. Additionally, foamed plastic insulation sales in these countries will be driven by:
  • improving income levels and standards of living in developing countries
  • rural-to-urban migration, leading to increased construction in urban areas, where buildings generally use more insulation than those in rural areas
  • rapidly expanding nonresidential building construction markets

Table of Contents

271 Pages
    • Figure 1-1 | Global Foamed Plastic Insulation Market
    • Report Details
    • Study Scope & Product Description
    • Impact of the COVID-19 Pandemic
    • Historical Market Trends
    • Demand by Region
    • Leading Country Markets
    • Demand by Product
    • Pricing Trends
    • Competitive Materials
    • Market Share & Leading Producers
    • Scope & Product Description
    • Demand by Region
    • Demand by Market
    • Leading Suppliers
    • Scope & Product Description
    • Demand by Region
    • Demand by Market
    • Product Formats
    • Leading Suppliers
    • Scope & Product Description
    • Demand by Region
    • Demand by Market
    • Leading Suppliers
    • Demand by Product
    • Demand by Region
    • Demand by Market
    • Demand by Market
    • Residential Buildings
    • Nonresidential Buildings
    • Appliances
    • Industrial Plant & Equipment
    • HVAC & Air Distribution Systems
    • Transportation Equipment
    • Other Markets
    • North America: Foamed Plastic Insulation Market Size & Historical Trends
    • North America: Demand by Product
    • North America: Demand by Market
    • United States
    • Canada
    • Mexico
    • Central & South America: Foamed Plastic Insulation Market Size & Historical Trends
    • Central & South America: Demand by Product
    • Central & South America: Demand by Market
    • Brazil
    • Other Central & South America
    • Western Europe: Foamed Plastic Insulation Market Size & Historical Trends
    • Western Europe: Demand by Product
    • Western Europe: Demand by Market
    • Germany
    • Italy
    • France
    • United Kingdom
    • Spain
    • Other Western Europe
    • Eastern Europe: Foamed Plastic Insulation Market Size & Historical Trends
    • Eastern Europe: Demand by Product
    • Eastern Europe: Demand by Market
    • Russia
    • Other Eastern Europe
    • Asia/Pacific: Foamed Plastic Insulation Market Size & Historical Trends
    • Asia/Pacific: Demand by Product
    • Asia/Pacific: Demand by Market
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Thailand
    • Australia
    • Other Asia/Pacific
    • Africa/Mideast: Foamed Plastic Insulation Market Size & Historical Trends
    • Africa/Mideast: Demand by Product
    • Africa/Mideast: Demand by Market
    • Turkey
    • Other Africa/Mideast
    • Scope
    • Definitions
    • Freedonia Methodology
    • Study-Specific Methodology
    • Sources
    • Associations & Agencies
    • Related Studies & Reports
    • Country Lists by Region
    • Macroeconomic Assumptions
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