The global flame-retardant foams and insulation market size anticipates a rapid and substantial CAGR as a result of increasing demand in the construction industry. The strong, rigid, lightweight flame-retardant foams and insulation can withstand any climatic conditions. These benefits, amongst several others, have caused a surge in the market’s growth. Fortune Business Insights™ has presented this information in an upcoming report titled, “Flame-Retardant Foams and Insulation Market Size, 2022-2029”.
Request a Sample PDF Brochure:
Segmentation-
Energy Efficient Eco-Friendly Homes to Spur Opportunities
The flame-retardant foams and insulation is segmented on the basis of Type and Application. Based on type, the market is further segmented into polyurethane, polystyrene, phenolic resins, polyolefin resins, elastomers, etc. Based on Application, the market is segmented into construction, transportation, soft furnishing, automotive, and others. Out of which, the construction industry is expected to gain the largest share in the overall market’s growth in order to create a sustainable future using eco-friendly and energy-efficient buildings and homes.
Report Coverage-
The report demonstrates a thorough study of several regions and countries. Our analysts have developed the report using Porter’s Five Forces Analysis after evaluating copious factors that regulate regional growth, such as the political, technological, social, economic, and environmental status of that particular region. The competitive landscape section helps our clients to understand better the acquisitions and formulate strategies that key players are focusing on to strengthen their positions worldwide.
Drivers & Restraints-
Versatility in Application in Construction Industry Will Favor Growth
To curb with the rising temperatures in residential and commercial buildings, there has been an exponential rise in the demand of flame-retardant foam and insulation. The wide utilization of foam insulation in construction of modern buildings is expected to bring a boost in the market growth.
However, the low shelf life of flame-retardant foams and insulation reduces its demand in various applications. This factor exhibits the traits to restrain the flame retardant and insulations market growth.
Get Your Customized Research Report
Regional Insights-
Increasing Population & Rapid Urbanization to Incite Sustainable Growth
The monumental development in the infrastructure industry in Asia Pacific region is expected to bring an upsurge in the construction industry. Countries like India, Japan, China, Taiwan, and the rest of Asia Pacific have witnessed a dramatic investment in the construction of buildings across residential and non-residential sectors, adding a surge in market growth. This is expected to help Asia Pacific hold a layoff in global flame-retardant foams and insulations market share.
On the other hand, the rising product demand in transportation will fuel the product demand in Europe, with Germany as the leading country. The Middle East & Africa anticipates significant growth, owing to rising elastomers foam adoption in soft furnishing.
Competitive Landscape-
New Product Launches by Eminent Companies to Foster Market
Renowned players in the flame-retardant foams and insulation industry are persistently striving to fulfill consumer requirements. Simultaneously, they are trying to keep up with the manufacturing standards provided by regulatory bodies.
Below are the two latest industry developments:
- August 2017: Furukawa Electric Co. Ltd. introduced a new foam material in its latest addition to the FOAM ACE. The product offers heat and flame resistance, making it suitable for heat insulation applications.
- September 2018: BASF launched its first particle foam based on polyethersulfone, which is resistant to high-temperature and has inherent flame retardancy. The product s designed for complex-shaped components in trains, airplanes, and cars.
The key players in the flame-retardant foams and insulation in the global market include:
- Flexipol
- Worldwide Foam
- BuildingGreen Inc.
- IEEE GlobalSpec
- Foam Works LLC
- General Insulation Company
- BSEF
- Huber Engineered Materials
- Energy Efficient Solutions
- Diana Foams Pvt. Ltd.
- ICYNENE
- LANXESS
- BASF SE
Inquire Before Buying This Report:
No comments:
Post a Comment