Plastic Foam Insulation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 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.
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Trending Reports:
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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