Europe Foam Insulation Market business opportunities including key players forecast till 2028
Market Analysis and Insights: Europe Foam Insulation Market
Europe foam insulation market is expected to reach from USD 4,960.11 million in 2020 to USD 7,831.28 million by the year 2028, growing at a steady CAGR of 5.9% in the forecast period of 2021 to 2028.
Foam insulation is an insulation procedure acting as air barrier for sealing walls, ceilings, floors, roofs, and other gaps and services on installation and renovation of residential and non-residential buildings. The foam insulating materials range from bulky fiber materials like fiberglass and rock wool to rigid foam boards of PUR/PIR, EPS, XPS, and many other types of foam. Insulation has a vast demand in the building & construction industry. It provides thermal insulation and minimizes air filtration in residential and non-residential buildings in energy-efficient ways. Foam insulation is also sprayed onto walls or into difficultto-reach places. Foam insulation isexpensive than polystyrene and fiberglass insulation, which are installed in sheets or blocks. Foam insulation is effective in places such as attics, unfinished walls, or ceilings.
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On the basis of material, the market is segmented into:
Stone Wool: Stone wool is used in building insulation systems as it provides an incredibly high effective insulation solution with heat and sound resistant properties.
Glass Wool: A glass wool is a material that is made up of fibers of glass used in building insulation. They have the high thermal insulating properties; it traps the air between the glasses.
PUR/PIR: Rigid polyurethane (PUR) and Polyisocyanurate (PIR) are used in building insulation; these solutions are low thermal conductivity having a high tensile strength.
XPS: XPS is also known as extruded polystyrene foam sheathing, which is mainly used in building insulation. They have high energy emission benefits. It is an advanced form of PUR/PIR.
EPS: EPS is also known as expanded polystyrene (EPS) foam which is used to withstand high load and pressure in the buildings, and they also have the capacity to absorb water.
Bio-Based: Bio-based insulation is an economic and environmentally friendly insulating material, it has the capability to store heat on a higher range and are produced with environment-friendly materials.
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Competitive Landscape and Europe Foam insulation Market Share Analysis
Europe foam insulation market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus associated with the Europe foam insulation market.
Some of the major players operating in the foam insulation market are Aerofoam USA, Glava, DuPont, Covestro AG, Johns Manville, IKO Industries Ltd., Knauf Insulation, BASF SE, Recticel NV/SA, UNILIN (A subsidiary of Mohawk Industries Inc.), Owens Corning, Armacell, Huntsman International LLC., SOPREMA, Bauder Ltd., and Trocellen GmbH among others.
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