PUBLISHER: The Freedonia Group | PRODUCT CODE: 1687034
PUBLISHER: The Freedonia Group | PRODUCT CODE: 1687034
Global demand for foamed plastic insulation totaled 8.6 million metric tons in 2023, valued at $27.2 billion. Going forward, the market is expected to rise 4.8% per year to $34.4 billion in 2028. Demand will be driven by the focus on net-zero energy buildings, which require insulation that maximizes energy savings.
Sales by material are presented for:
expanded polystyrene (EPS), including graphite polystyrene
polyurethane (PUR) and polyisocyanurate (PIR), including rigid board and spray polyurethane foam (SPF) types
extruded polystyrene (XPS)
small volume products (including, elastomeric, phenolic, polyolefin, melamine)
Sales by market are presented for:
residential buildings
nonresidential buildings
industrial and plant equipment (e.g., machinery boilers, pipes, tanks)
appliances (e.g., refrigerators, freezers, dishwashers, clothes washers and dryers)
HVAC/air distribution equipment
transportation equipment (e.g., motor vehicles, aerospace equipment, ships and boats, railroad equipment
other insulation markets (including insulated coolers and thermoses, insulated packaging, furniture, bedding, nonbuilding/infrastructure construction, and heavy machinery)
Sales are presented for countries in the following regions:
North America
Central and South America
Western Europe
Eastern Europe
Asia/Pacific
Africa/Mideast
Scope of the report:
This report analyzes the scope, size, and growth of the global foamed plastic insulation market, including key trends in materials, markets, and regions. Historical data are provided for 2013, 2018, and 2023 for demand, production, and net exports, with forecasts for 2028 and 2033. Historical market volatility is also addressed. In addition, annual historical and forecast data are provided from 2020 to 2027. Data are provided in US dollar terms. Also included is an analysis of key industry players and their global market shares.