Insulation Market: Global Industry Review, Research, Statistics, And Growth To 2022

Market Insights:

The global Insulation market has seen a remarkable growth over the past few years and it has been expected that the global market will keep on growing during the forecast period. Insulations are majorly used in the Residential, and non-residential. The growing applications are resulting in the increasing demand for Insulation across the globe. The major factors behind the growth of global Insulation market are rising awareness, technological advancements, rising construction in APAC particularly in China, India, Japan and Indonesia. As per analysis, fiber glass is expected to account the highest growth during the forecast period due to the huge demand from the application industries. The global Insulation market is expected to reach US$ Million at the end of the forecasted period and is expected to grow at CAGR  from 2016 to 2022.

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APAC will be the leading market

APAC will be the dominating market for global Insulation, accounting for US Million and is expected to grow by 2022. This share is attributed to the growing demand from application segment, rising awareness regarding energy consumption and emerging economies.

North America, Europe and RoW are the growing market for Global Insulation Market and are expected to grow at CAGR respectively from 2016 to 2022.

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We recognize the key players in the Global Insulation Market as include Huntsman Corporation, Knauf Gips, Owens Corning, CertainTeed Corporation, Johns Manville, Bayer AG, Atlas Roofing Corporation, Dow Building Solutions, Nova Chemicals Corporation, GAF Materials and others. This report includes the product portfolios of the same.

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Insulation Market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

Global Insulation Market   - Segments

Global Insulation Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.

Segmentation by Material: Comprises – Fiberglass, Plastic fibers, Mineral Wool, Natural fibers and others

Segmentation by Application:  Comprises – Residential, and Non-residential

Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World

Global Key Players:

Ø  Huntsman Corporation

Ø  Knauf Gips

Ø  Owens Corning

Ø  CertainTeed Corporation

Ø  Johns Manville

Ø  Bayer AG

Ø  Atlas Roofing Corporation

Ø  Dow Building Solutions

Ø  Nova Chemicals Corporation,

Ø  GAF Materials

Global Insulation Market   - Regional Analysis

North America is the second largest region for the building insulation material market. The North America building insulation material market is driven by various factors such as consumer preference for green buildings and sustained investments in commercial real estate. In North America, U.S. is the largest market for the modular construction. It accounted for the largest market share in 2016. In the past few years, the annual value of construction in U.S. had been increasing continuously. Strong development in commercial and residential structures in the U.S., is projected to fuel the demand for insulation in the construction market in the region.

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Decorative Laminates Market Global Industry Trends, Future Development, Top Players, Investment Factors and forecast 2022

Market Insights:

Laminates are available either for decorative purpose or for industrial use. Standard laminates are used in normal applications. Whereas, post formable laminates are used in kitchens and offices where a neater look is required, and in places like hospitals and restaurants anti-bacterial laminates are used, where hygiene is extremely important. Moreover, the increased durability, cost efficiency and fewer requirements of skilled labors for installation are some of the factors which are driving the market for decorative laminates. Growth in rebounding construction activity, increased interest in home improvements, and pent-up demand for non-residential upgrades will provide opportunities for decorative laminates market.

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The report has analyzed the market based on the three segments: material, product, and application in the regions of North America, Europe, APAC and rest of the world. On the basis of product it includes high pressure laminates, low pressure laminates, edge banding. High-pressure laminates are high-priced and more durable and expected to increase the growth of the decorative laminates market. On the basis of material it is segmented as plastic, paper and vinyl. Additionally on the basis of application it is segmented as residential construction and non-residential construction.

Furniture is referred as largest and fastest growing market due to changing preferences towards furniture and aesthetic values. The scope of the market has widened over many years owing to the flourishing markets of Asia pacific.

Asia pacific will be the largest market Asia pacific is dominating the market for decorative laminates. Increase in purchasing power coupled with growth in residential and non-residential construction are some of the factors which will boost the market demand. Emerging economies such as China and India acts as the most promising market as well as manufacturing capacity for laminated boards continues to expand and acts as a major factor for the growth of the market. Rapid industrialization and increasing trend for customized and attractive interior in homes and offices is anticipated to fuel the decorative laminates market.

Ask for your specific company profile and country level customization on reports. FunderMax (Austria), Kingboard Laminates Holdings Limited(Hong Kong), ronotex GmbH & Co.(U.S.), Kronospan Holdings Limited(Austria), Advanced Technology Inc.(U.S.), Armstrong World Industries Inc.(U.S.), Roseburg Forest Products Company(U.S.), Woodcraft Industries Incorporated(U.S.)

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global decorative laminates, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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Functional Composites Market Research, Supplier, Manufacture, Boost Growth, Key Developments and Report 2019

Market Overview:

Market Research Future (MRFR) speculates that the global functional composites market is likely to experience robust growth, garnering further prominence during the forecast period (2017-2023). The augmenting demand for functional composites in eco-friendly construction is highly favoring the market growth. Functional composites are referred to as compounds which possess special optical, electrical, and magnetic properties. They are extensively used in end-user industries due to their excellent properties such as enhanced stiffness, high durability, and high tensile strength. Functional composites are stronger, lighter, stiffer, tougher, and more durable than other original materials.

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Industry Updates

February 18, 2019: Stratasys will be showcasing their 3D printing solutions for composite production at the JEC World. The 3D printed composite tooling will provide weight-savings and dramatic cost as compared to other traditional tooling methods. The company’s development of high-temperature materials and increased throughput of its FDM Production 3D Printers has enabled the manufactures of complex composite lay-up in a few hours or days despite weeks or months.

Market Potential and Pitfalls

Functional composites are extensively used in several end-user industries such as automobile, aerospace & defense, consumer goods & electronics, and building & construction due to its excellent properties is fueling the growth of functional composites market across the globe. With increasing utilization of functional composites in the medical industry and healthcare sector, the global market for functional composites is likely to flourish. Composites are highly used in wound care. Composed of three or more layers, composite wound dressing offers multiple needs in one single dressing. Films, foam dressing, hydrogels, hydrocolloids, and electrospun nanofibers are some of the composite dressings extensively used in wound care.

Functional composites are also extensively used in the development of eco-friendly constructions which is responsible for the growth of the market. Moreover, accelerating opportunities in the developing economies coupled with the high availability of untapped markets are some of the major factors contributing to the market growth throughout the appraisal period. Moreover, the accelerating growth of the automotive and construction industry is influencing the market growth globally.

On the contrary, fluctuating rates of raw materials and lack of standardization are some of the major concerns estimated to vitiate the market growth in the coming years. Moreover, the complex fabrication process of composites which includes high cost and intensive labor is likely to dampen the market growth to a certain extent.

Competitive Dashboard

·         Materion Corporation

·         DuPont

·         3A Composites

·         Momentive Inc

·         Bayer AG

·         Applied Materials Inc.

·         Air Products and Chemicals Inc.

·         AMETEK Inc.

·         Kyocera Corporation

·         3M Company

Global Functional Composites Market: Segmental Analysis

The global functional composites market has been segmented on the basis of type, function, and end-user.

By mode of type, the global functional composites market has been segmented into polymer matrix composites, metal matrix composites, hybrid matrix composites, and ceramic matrix composites. Among these, the polymer matrix composites are likely to occupy the largest share in the market. The growth is credited to the increasing demand from the aerospace & defense, consumer electronics, and transportation, with a high impetus on less complex and weight reduction manufacturing methods, like injection molding.

By mode of function, the global functional composites market has been segmented into electrical conducive, thermal conducive, barrier, magnetic, and optic. Among these, the thermal conducive segment is anticipated to occupy the largest market share owing to the rising use of composites in eco-friendly constructions in order to improve energy efficiency during ventilation, heating, and air conditioning (HVAC) and lighting applications.

By mode of end-user, the global functional composites market has been segmented into wind energy, aerospace and defense, building & construction, transportation, consumer goods, and electrical & electronics.

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Caprolactam Market 2019 Global Industry Sales, Supply, Consumption, Demand, Analysis and Forecasts to 2022

Market Synopsis:

Market Research Future (MRFR) postulates that the global caprolactam market is presumed to garner USD 14.9 billion by 2019. The market is anticipated to expand at a CAGR of 8.1% during the forecast period (2016-2022) owing to the increasing commercial importance of nylon. Caprolactam is referred to as an organic compound which is a colorless solid and is also a lactam of caproic acid. It is primarily used in the production of resins and nylon 6 fibers. A major portion of caprolactam is consumed in the production of nylon fibers for carpet, textile, and industrial yarns. The rest of the caprolactam is used in engineering films and resins.

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Market Potential and Pitfalls

With the augmenting demand for industrial yarn coupled with the expansion in the automobile industry, the caprolactam market is estimated to flourish throughout the assessment period. Caprolactam market is also driven by the rising demand generated from the production of nylon-6 as a large portion of the compounds produced is used in the manufacturing of nylon-6. In water, caprolactam hydrolyzes and forms aminocaproic acid, which is especially used medicinally. It is also considered an important polymer which has a wide range of application across industries. Nylon fibers and resins possess superior properties such as elasticity, high strength, chemical & oil resistance, abrasion resistance, and low moisture absorbency, thereby triggering the demand for caprolactam across the globe. Raw materials like ammonia, cyclohexane, and phenol are used in the manufacturing of caprolactam. Due to the presence of several oil refineries in China and the U.S., the production of raw materials is concentrated.

The compound is used in several end-user industries like industrial yarn, textile yarn, carpet fibers, engineering plastics, and staple fibers, which is further estimated to augment the market growth globally. Additionally, technological innovations made towards improving the manufacturing process of caprolactam to reduce the production of ammonium sulfate is predicted to bolster the market growth in the coming years. Moreover, with the rising demand for engineering films and plastics in manufacturing automotive parts like gears, engine covers, and bearings, due to their resistance to greases and oils is estimated to propel the growth of caprolactam market.

On the contrary, product prices are presumed to increase throughout the appraisal period due to the highly volatile raw material prices. Such concerns are likely to vitiate the market growth in the coming years. Moreover, the plummeting cost of caprolactam due to oversupply and increasing production capacity is presumed to pose a threat to the growth of the market globally.

Global Caprolactam Market: Segmental Analysis

The global caprolactam market has been segmented on the basis of source and end-user.

By mode of source, the global caprolactam market has been segmented into toluene, phenol, and cyclohexane.

By mode of end-users, the global caprolactam market has been segmented into textile stiffeners, textile yarns, synthetic leather, film coatings, plasticizers, plastics, and others. Among these, the segment for textile yarns is presumed to dominate the global market as it is extensively used in several applications including house furnishing and apparel. The augmenting demand for textile yarn and the use of nylon 6 fibers in upholstery, bedspread, carpets, and curtains are anticipated to positively impact the segment in the coming years.

Competitive Dashboard

·         BASF SE

·         China Petrochemical Development Corporation (CPDC)

·         Royal DSM N.V.

·         Kuibyshevazot Ojsc

·         China Petroleum & Chemical Corporation (Sinopec Limited)

·         Lanxess Ag

·         UBE Industries

·         Honeywell International Inc

·         Shandong Haili Chemical Industry Co. Ltd.

·         Sumitomo Chemical Company Limited

Regional Insights

Geographically, the Caprolactam Market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).

Among all the regions, the Asia Pacific region is presumed to experience the maximum growth rate owing to the increasing use of caprolactam in several applications coupled with the macroeconomic growth of the automotive and the textile industry. Moreover, rapid industrialization is leading to the establishment of several automotive and appliance manufacturing plants in China and India which is likely to positively impact the market growth. Also, burgeoning demand for passenger cars in China and India due to increasing disposable income is anticipated to trigger the market growth in the coming years.

Regions like North America and Europe are anticipated to witness significant growth throughout the appraisal period owing to the augmenting demand for lightweight materials in these regions. The metals are replaced with engineered plastics in lightweight vehicles due to properties such as high mechanical strength and low moisture absorption.

Industry Updates

May 22, 2018: Genomatica and Aquafil have recently announced the formation of Project EFFECTIVE, which is a collaboration of multiple companies in order to produce more sustainable plastics and fibers for commercial use by using bio-based technologies and renewable feedstocks. One of the primary objectives of Project EFFECTIVE is to develop more sustainable nylon made from bio-based caprolactam using renewable feedstocks.

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Sorbitol Market Size, Future Demand, Global Research, Top Leading Player, Emerging Trends, Region by Forecast to 2023

Market Overview:

The sorbitol are widely used in food and beverage, pharmaceuticals, cosmetic and personal care products and other applications.  The growing use of sorbitol in the personal care and homecare products is the major factor driving the growth of the market during the forecast years.

The global sorbitol market is spanned across five regions of the world namely, Latin America Asia Pacific, North America, Europe and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to be the fastest growing market, owing to the increasing consumption of sorbitol in the food and beverage, and personal care industry among others. Moreover, the growing GDP and purchasing power in the developing region has augmented the demand for homecare and personal care products which is another factor contributing to the growth of the market. In addition to this, the increasing investment by the government in the developing of retail sector has resulted in faster supply of consumer goods in turn adding to the market of sorbitol in the region. The major countries attributing to this growth are China and India. The North American market is expected to show considerable growth during the assessed years. This growth is mainly attributed by the growing adoption of sorbitol in the food and beverage owing to the low calorie content of the product. Moreover, the growing demand of sorbitol from the developed personal care & cosmetics and pharmaceutical industry is also adding to the market growth.

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Industry Segmentation:

The global Sorbitol market is segmented into function, type and end-use. On the basis of the form, the market is segregated into liquid form and crystal form. The market by the function is categorized into sweetener, bulking agent, flavoring agent, humectant, and others. The market by end-user is further bifurcated into food and beverage, pharmaceuticals, cosmetic and personal care, chemicals, and others (paper industry, packaging, plastic industry).

Key Players

Ø  Roquette Freres

Ø  Cargill Inc.

Ø  Tereos Starch & Sweeteners

Ø  Archer Daniel Midland

Ø  Ingredion Inc.

Ø  Ecogreen Oleochemicals Pte. Ltd

Ø  Merck Group

Ø  Daisco

Ø  Qinhuangdao Lihua Starch Company Ltd

Ø  Sigma-Aldrich Company

Ø  Tereos

Ø  Gulshan Polyols Ltd

Regional Analysis 

The Sorbitol market is segmented across five regions: Europe, Latin America, Asia Pacific, North America and the Middle East & Africa. Among these, Asia Pacific is the largest market and is expected to grow at an expanding CAGR during the assessed period. The growing development of end-use industries in the region are the major factors driving the growth of the Sorbitol market. Moreover, adoption rate in the food and beverage industry along with the growing demand for cosmetic & personal care products is expected to have a positive impact on the growth of the market. Furthermore, the growing consciousness amongst the population about the health benefits of sorbitol along with the demand for sugar-free food and beverages is further surging the market demand.

North America followed by Europe is expected to show steady growth during the assessment period. The developed personal care and food & beverage industry are the major factors driving the market of this region. Moreover, the fast-paced lifestyle and the growing working population have augmented the demand for convenience food in the region, in turn, adding to the growth of the market. The major growth in the Sorbitol market is attributed to the U.S. and Canada in the North American region. The developed personal home care industries in the European region is anticipated to drive the European market positively.  The major countries attributing to this growth are Germany, Italy, and the U.K among others.

Intended Audience

• Sorbitol market manufacturers
• Traders and Distributors of Sorbitol   market
• Production process industries
• Potential investors

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Refinery Catalyst Market Product Price, Size, Profit Share Capacity, Production, Supply, Demand and Market Growth Rate Forecast To 2023

Market Insights

Market Research Future has added a new report on the global refinery catalyst market which reveals that the market is set to grow at a CAGR of more than 4% during the forecast period of 2017 to 2023. Moderate yet consistent growth is expected by the market due to growing oil and gas activities across the globe.

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Refinery catalysts are extensively utilized in refinery processes such as FCC, hydrocracking, and other. refinery catalysts are vital in the conversion of crude oil to more valuable forms of fuel. The growing demand for gasoline particularly in emerging economies is expected to impact the global market positively. Government bodies in developed economies are increasingly implementing stringent regulations with regards to environment conservation and fuel. The extraction of heavier crudes and ever-increasing energy demands have resulted in increased refinery activities thus driving the demand for refinery catalysts.

Refiners are building new refinery units or renovating existing facilities to meet the growing demand for fuel. Moreover, refinery catalyst manufacturers are actively engaged in offering customers with cutting-edge refining components. Ongoing R&D toward the production of optimized refinery catalysts are vital in the creation of future market opportunities.

Scope of the Report:

This study provides an overview of the global refinery catalyst market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global refinery catalyst market by its type, by application, by regions.

By Type

• FCC Catalysts
• Hydrotreating Catalysts
• Hydrocracking Catalysts
• Catalytic Reforming Catalysts

By Ingredient

• Zeolites
• Metals
• Chemical compounds

By Regions

• North America 
• Asia Pacific 
• Europe
• Rest of the World  

Regional Analysis

The Asia Pacific leads the market with the highest growth due to the presence of various emerging economies in the region with rapidly rising demand for fuel. Countries such as India and China among others have massive consumer populations and a swiftly expanding automotive industry among others. The demand for energy and fuel in the region to power homes, vehicles and the industrial hub that the region has become has catapulted the region into leading position. Growing construction of refinery infrastructure is another key factor driving the regional market.

The North American market closely follows the Asia Pacific. The U.S leads the region's growth and has a significant demand for fuel and crude oil by-products. The presence of several key players in the region add to the regions growth drivers and cement its position as a leading regional market.

Key Players

Prominent players participating in the global refinery catalyst market include BASF SE, Honeywell UOP LLC., Criterion Catalysts & Technologies L.P., Exxon Mobil Corporation, Clariant International Ltd, W. R. Grace & Co., China Petroleum & Chemical Corporation (Sinopec Corp.), Axens SA, Albemarle Corporation, and Haldor Topsoe A/S. These players have been extensively analyzed, and their market strategies have been recorded in MRFRs report.

Latest Industry News

·         BASF has launched its new FCC catalysts, Luminate. The Luminate FCC catalyst delivers higher liquid yields and is based on BASF's new and improved Zeolite Y (IZY) technology.

·         Fuji Oil has commenced use of Honeywell UOPs new R364 Platforming catalyst for the increased production of aromatics for chemical production at its plant in Japan.

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Industrial Lubricants Market 2019, Trend, CAGR Status, Growth, Analysis and Forecast to 2022

Market Overview:

Automotive lubricants account for the majority demand of industrial lubricants market. Expanding automotive industry and an increase in total vehicle population has fostered market growth. Additionally, the burgeoning manufacturing industry driven by heightened demand for manufactured goods has generated high demand for industrial lubricants.

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Acceleration in mining and infrastructural activities across the globe are also likely to push the sales of industrial lubricants further. Consolidation of online sales channels has aided lubricant producers to find a viable retail platform which boosts the growth of the market. Furthermore, product development such as bio-based lubricants which offer superior environmental benefits is likely to augment the growth of the market. There is a growing emphasis on the reduction of carbon footprint on a global scale which has prompted the adoption of sustainable products and, in turn, induced greater demand for bio-based industrial lubricants.

Other possible bottlenecks include frequent changes in tax policies, and the introduction of new generation, smaller, and more efficient, durable vehicles which are less likely to consume much lubricants. Adulteration of lubricants and the high cost of bio-based and synthetic industrial lubricants might undermine the growth of the market. Furthermore, the industrial lubricants market is subject to scrutiny by various regulatory bodies pertaining to their handling, storage, and disposal. Meanwhile, much R&D activities are underway to develop better and improved lubricants and considerably reduce their environmental footprint.

Competitive landscape

ü  BP p.l.c.

ü  PetroChina Company Limited

ü  LUKOIL

ü  Fuchs Petrolub AG

ü  Royal Dutch Shell Plc

ü  Idemitsu Kosan Co. Ltd

ü  Total S.A.

ü  Chevron Corporation

ü  ExxonMobil Corporation

ü  Sinopec Limited

Industry Updates

February 2019- researchers at the University of Delaware have created a strategy to make renewable lubricant base oils from non-food biomass such as wood, switch grass and other sustainable, organic waste. This would help to considerably reduce the environmental footprint of industrial lubricants.

Industry Segmentation:

The global industrial lubricants market has been segmented based on type and end user.

By type, the global industrial lubricants market has been segmented into hydraulic lubricants, gear lubricants, compressor lubricants, metalworking fluids, and others. The hydraulic lubricants segment is dominating the market. Continuous demand from the mining and construction industry due to the cost advantage it provides over other lubricants is driving the growth of the segment. However, due to rising metal consumption in the automotive industry, the metalworking fluids segment is expected to showcase the highest CAGR over the forecast period.

By end user, the global industrial lubricants market has been segmented into automotive, manufacturing, power generation, heavy industries, and others. The automotive segment is leading the market while the power generation segment is expected to showcase the highest CAGR over the forecast period. The growth of the power generation segment can be credited to towering energy demands across the globe.

Regional Analysis

By region, the global industrial lubricants market has been segmented into Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).

APAC is the largest market for industrial lubricants and is likely to showcase maximum growth over the forecast period. Rapid level of industrialization in the region is the foremost driver of the industrial lubricants market in APAC. In addition, the prolific growth of the automotive industry and the shift of the global manufacturing base in APAC has created a huge market for industrial lubricants. Besides, the rising sale of cars due to growing disposable income is likely to spur demand for automotive lubricants in the region. China, Japan, India, Australia, and Indonesia are the key country-specific markets within the APAC market.

North America is a significant market for industrial lubricants driven by the shale gas exploration activities in the region. Industrial activities are also expanding at a moderate pace which is generating continuous demand for industrial lubricants.

The expanding automotive industry spurs Europe industrial lubricants market .Germany, the UK, and France are the key contributors to the Europe market.

In RoW, the Middle East is generating substantial demand for industrial lubricants on account of oil exploration and refining activities in the region.

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Cement Market Analysis, Supply Chain, Global Qualitative Insight, Opportunities, Challenges, Size, Share, Forecast to 2025

Global Cement Market – Overview

The burgeoning construction sector globally is fuelling the market growth for cement. Market reports connected with the construction industry have been made accessible by Market Research Future who publishes reports on other sectors that have been currently published along with a report on this industry. The market is projected to expand at an 8 percent CAGR in the duration of the forecast period.

The industry which is an indicator of economic health is showing ascendant levels of growth in the recent years. The rising levels of construction projects being launched worldwide are spurring the market’s expansion. Due to these market developments manufacturers are boosting their production capacities and engaging in research and development to back this growth phase of the cement market. The rising level of investment by individual in multiple properties is another factor powering the growth of the market.

Segmental Analysis The segmentation of the global cement market is carried out on the basis of type region and application. On the basis of Type, the cement market globally has been segmented into rapid low heat cement, high alumina cement, hardening cement, colored cement, white cement, hydrographic cement and other. On the basis of application, the cement market globally is divided into construction and infrastructure. The regions that are a part of the market are North America, Asia Pacific, Europe and rest of the world.

Detailed Regional Analysis ; The regional analysis of the market consists of regions such as North America, Asia Pacific, Europe and rest of the world. The Cement market for the most part depends on the global construction and building activities. The cement market is highly driven by applications and systems are getting popularity from various end user. The Asia Pacific region is likely to be responsible for the largest portion, in terms of value, of the cement market globally. This can be largely attributed to the construction and expansion of infrastructure. The government initiatives such as growth of smart cities are giving a huge boost to the sector. The North American and European region are followed by the Asia Pacific region. An escalating number of limestone detections in the east and the simplicity of the transport system have led to the speedy growth of cement industry.

Competitive Analysis: The variety witnessed in terms of strategy creation and execution is changing the development pace of the market. The gaps in the market are filled owing to the carrying out of appropriate supply chain strategies. Additionally, the expansion of new products and services will add further momentum to the market development. The framework for growth plans has equipped the market for possible new entrants. The development in the products and services is the principal factor increasing the market's efficiency and controlling the trends that are gaining distinction in the market. The influential success factors and players’ preferences are slowly but surely mounting by the strategies being used by market contenders. The key competitors working in the market for cement globally are   Holcim Ltd, Lafarge, Anhui Heidelberg Cement AG, Conch Cement Company Ltd, China National Building Material Company Ltd., CEMEX S.A.B. de C.V., Jidong Development Group Co. Ltd., Mitsubishi Materials Corporation, UltraTech Cement Limited, and Shanshui Cement Group Ltd.

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Foam Insulation Market Analysis, Global Size, Share, Emerging Trends, Demand by Region with the Forecast to 2023

Foam Insulation – Market Overview:

Foam insulation is used to reduce the rate of heat transfer and air infiltration. It is categorized based on the polymer or base material used such as polystyrene foam, polyurethane, polyisocyanurate foam, polyolefin foam, phenolic foam, elastomeric foam. Foam insulation is used in vast applications in various end-user industries such as building & construction, transportation, packaging, consumer electronics, and others.

According to the U.S. Department of Energy, building accounts for approximately 40% of the total energy consumed in the U.S. The majority of building energy use is spent on space heating and cooling, and a large fraction of heat is lost through the building envelope due to air leakages. Foam insulation can minimize the energy consumption by reducing air leakage present on external walls, window frames, door frames, roof underlays, attics, crawlspaces, and floorings among other, which can result in lower utility bills and thus reduce greenhouse gas emissions. Additionally, indoor air quality can be improved by blocking the infiltration of dust and allergens through small cavities & crevices. It also improves building’s strength by preventing the accumulation of moisture in the walls and thus reduces condensation and mold growth. Furthermore, foam insulation is also widely consumed in the transportation industry for both OEM, structural strengthening, and repair of vehicles such as reefer trailers, passenger vehicles, emergency response vehicles, buses, and aircraft. However, the consumer appliances segment is also expected to witness a significant growth due to the growing demand for appliances, such as freezers, refrigerators, and air conditioners among others.

Growing consumption from building & construction industry to meet building codes and green building certification such as the U.S. Green Building Council for Homes (LEED-H), LEED for commercial buildings, and the U.S. Environmental Protection Agency’s ENERGY STAR rating is expected to majorly drive the global foam insulation market in OCED countries over the forecast period. Furthermore, government initiatives such as Weatherization Assistance Program (WAP) to promote thermal insulation in low-income households are likely to boost the market growth in North America region during the forecast period.

However, the high cost of foam insulations compared to loose-fill insulations is likely to restrict the market growth over the forecast period. Furthermore, lack of awareness about the benefits it offers is likely to restrain the growth of the global foam insulation market to some extent over the forecast period.

The global foam insulation market is segmented by product type, end-use industry, and region. On the basis of the product type, the global foam insulation market is segmented into the polyurethane (PU) foam, polystyrene foam, polyolefin foam, phenolic foam, elastomeric foam, and others. The polyurethane foam insulation is further segmented into spray polyurethane foam (SPF), flexible PU foam, and rigid PU foam. Polystyrene foam insulation is further segmented into expanded polystyrene foam and extruded polystyrene foam. The polyurethane foam insulation accounted for the largest share of the global foam insulation market in 2017 due to their several advantages over other types of foam insulations such as its good thermal insulating properties, low moisture-vapor permeability, high resistance to water absorption, relatively high mechanical strength, low density, easy installation, and low cost. SPF insulations held the major market share in 2017 under polyurethane foam insulation category due to their easy application and performance efficiency and are expected to exhibit a significant demand over the forecast period. However, extruded polystyrene foam insulation is expected to showcase rising growth over the forecast period owing to its high R-value retention over the long period of time.

On the basis of end-user industry, the global foam insulation market is segmented into building & construction, transportation, consumer electronics, and others. Building & construction industry accounted for the largest share of the global foam insulation market in 2017 due to the strong demand for thermal insulations in OCED countries to meet the building codes as well as in emerging economies.

Competitive AnalysisSome of the prominent players in the global foam insulation market are BASF SE (Germany), Covestro AG (Germany), Lapolla Industries, Inc. (U.S.), Huntsman International LLC (U.S.), DowDuPont Inc. (U.S.), SAFCO Foam Insulation (U.S.), CAJUN FOAM INSULATION. (U.S.), SAINT-GOBAIN (France), EnergyGuard Foam Insulators, LP (U.S.), Insulation Northwest (U.S.), PUFF INC (U.S.), Pittsburgh Foam Insulation (U.S.), Owens Corning Commercial Insulation. (U.S.), Recticel NV/SA (Belgium), Armacell International S.A. (Luxembourg), and Johns Manville. (U.S.).

Intended Audience                                          

• Foam insulation manufacturers
• Traders and distributors of foam insulation
• Research and development institutes
• Potential investors
• Raw material suppliers
• Nationalized laboratory

Regional Analysis The global foam insulation market is spanned across five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.  North America is expected to be the largest market for foam insulations, followed by Europe. Asia Pacific is expected to be the fastest growing market for foam insulations and is expected to show an exponential growth over the forecast period. The Middle East & Africa and Latin America are also expected to exhibit rising demand for foam insulation from the growing construction industry over the forecast period.

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