Plastic Foam Insulation Market to Expand with Significant CAGR During 2025
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.
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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.
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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.
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