Plastic foam insulation refers to a material that has been expanded intentionally using a foaming agent to produce a reduced-density plastic consisting of voids with open or closed cells distributed throughout the body for thermal insulating or acoustic purposes. The various types of plastic foam insulation materials include polystyrene, polyurethane, polyisocyanurate, and phenolic foam. They exhibit good fire resistance according to the British Standard 476 and superior R-value. Plastic foams are used in different forms such as rigid board and spray-applied insulation.

Expanded polystyrene foam (EPS) is produced from solid polystyrene beads created by injecting and dissolving a small amount of pentane gas into the base material during the production process. When exposed to heat, these beads expand to develop closed cells which are white in color and around 40 times the volume of the original bead. They can then be molded to form insulation, boards, blocks, or shapes. This foam exhibits a lower density and R-value than extruded polystyrene foam (XPS) which is developed from solid polystyrene crystals fed to an extruder along with various additives. The high degrees of heat and pressure help convert the mixture into a plastic fluid. This thick liquid plastic is then forced into die after which it is expanded to a foam and further shaped, cooled, and cut. This foam exhibits higher density and R-value than EPS foam. Polyurethane is generated by the reaction between two polyols and an isocyanate. The amount to be used in these depends on the equivalent chemical weight. Polyisocyanurates (PIR) can be generated without polyol using only additives and isocyanate. Highly cross-linked thermosetting polymers are formed when isocyanate reacts with itself. For commercial PIR, polyurethane is modified with polyisocyanurates. Other foam insulations include phenolic foam, polyimide foam, polyolefin foam, melamine foam, flexible polymeric foam, and reflective insulation.

The growing public awareness about the need to save energy is a driving factor for the plastic foam insulation market. Governments around the globe are providing tax benefits to green buildings which consume a limited amount of energy, propelling the market. Non-residential insulation is a key application of plastic foam insulation.

The plastic foam insulation market can be segmented on the basis of geography. The U.S. is poised to be a major market, accounting for a majority of the total global demand. Demand in the U.S. is bound to be higher than that in all of Europe and Asia Pacific, Middle East & Africa, and Latin America. The plastic foam insulation market in Europe is also likely to witness growth during the forecast period on account of the upcoming infrastructure projects in the region. The market in Asia Pacific is estimated to expand widely over the forecast period owing to the massive low-cost plastic resin infrastructure in the region. The market in the rest of the world constituted a minor share in the plastic foam insulation market. However, the scenario in this region is predicted to change owing to the burgeoning construction industry. The rest of the world is likely to exhibit a positive outlook for plastic foam insulation in the foreseeable future.

Prominent players operating in the plastic foam insulation market include Rockwool International A/S, Knauf Insulation GmbH, Saint-Gobain S.A., Owens Corning Corporation, Berkshire Hathaway Inc., BASF SE, Paroc Oy,  Uralita,  Recticel, and Kingspan Group plc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Plastic Foam Insulation Market

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