Freedonia Group: Insulative Properties and Customization Drive Demand for Foamed Plastic Insulation

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Jan 07, 2020, 09:47 ET

CLEVELAND, Jan. 7, 2020 /PRNewswire/ -- Demand for foamed plastic insulation is expected to rise 2.4% annually through 2023 to 2.5 billion pounds, supported by its high R-values compared to other insulation materials and the ability of some foamed plastic resins to seal cracks and gaps and be installed in hard-to-reach places.

For more information regarding the study visit:
https://www.freedoniagroup.com/industry-study/insulation-3754.htm

Among foamed plastic resins, SPF is forecast to grow at the fastest rate going forward. SPF has become more popular in recent years due to its ability to be customized for any given space. In addition, it provides greater sealing against air flow than other foamed plastic products, which can increase the energy efficiency of buildings.

Commercial buildings are expected to account for the largest share of foamed plastic insulation demand through 2023, as increasingly stringent building codes require insulation to withstand extreme temperatures, resulting in the use of high-cost, high R-value insulation. Demand will also be supported by the rising interest in green building practices, which include the increased use of insulation to improve energy efficiency.

Among other markets, foamed plastic accounts for nearly all insulation demand for appliance manufacturing, as it is:

easy to install in these products
energy efficient in the thin sheets required for appliances
thought to be safer than some other insulation materials, as there have been concerns about water leaking into freezers, condensing, and then freezing on fiberglass insulation

Contact Corinne Gangloff for an interview with the analyst.

Additional Construction & Building Products studies can be viewed here:
https://www.freedoniagroup.com/industry-category/build/construction-building-products.htm

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]

SOURCE The Freedonia Group