Rigid Foam Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Introduction

Rigid foams are crosslinked structures and are majorly used for reducing transfer of heat. Consequently, the major application of rigid foam includes low and high temperature insulation. Foams possess excellent insulating properties primarily due to lower heat resistance of the blowing agent present among the cells. During foam production, the reaction mix arrives at a tacky phase ahead of curing which eases it to form a strong and permanent bond with any facings. Rigid foam is considered as a high performance material for insulating panels and construction.

Market Dynamics

The market is witnessing growth significantly owing to rapid utilization of rigid foam in building and construction sector as it lowers the structural weight and provides cost benefit to the overall construction. Apart from this, saving energy is the prime factor in today’s world as most of the energy is lost through walls, windows, and roofs. Growing demand for rigid foam from multiple end-use industries such as construction, automotive and packaging is expected to be a key factor driving the market growth. Also, outstanding properties obtained by rigid foam such as higher chemical resistance, light weight, light density structure, and high insulation value have increased the use of rigid foam in different applications. The reuse of rigid foam by recyclability is further expected to lead to the market growth over the forecast years.

Market Classification and Overview

The global rigid foam market can be segmented on the basis of foam type, end-use industry and geography. On the basis of foam type, the global market can be segmented into polyurethane foam, polystyrene foam, polypropylene foam, PVC foam, and polyethylene foam. On the basis of end-use industry, the market is segmented into building and construction, appliances, packaging, automotive and others. Based on geography, market is divided into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia-Pacific market is projected to be the fastest growing market owing to the number of players planning to set up their manufacturing base in this region.

Report Coverage

Market	Rigid Foam Market
Analysis Period	2015 – 2026
Historic Data	2015 – 2016
Base Year	2017
Forecast Data	2018 – 2026
Market Stratification	Product type, End-Use Industry, Geography
Regional Scope	North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage	Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis

Market Participants

Some of the players in the global rigid foam market include Huntsman Corporation, BASF SE, Covestro AG, Sealed Air Corporation, JSP Corporation, Woodbridge Foam Corporation, The Dow Chemical Company, Borealis AG, Armacell International S.A, and Zotefoams Plc among others.

Market Segmentation

Market By Foam Type

o   Polyurethane (PUR/PIR) Foam

o   Polystyrene Foam

o   Polypropylene Foams

o   Polyethylene Foam

o   Polyvinyl Chloride Foam

o   Others

Market By End-Use Industry

o   Building & Construction

o   Appliances

o   Packaging

o   Automotive

o   Others

Market By Geography

·         North America

o   U.S.

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA