Flame-Retardant Foams and Insulation Market Size, Share & Industry Analysis, By Type (Polyurethane, Polystyrene, Phenolic resins, Polyolefin resins, Elastomers, Ethylene propylene diene monomer rubber, Others), By Application (Construction, Transportation, Soft Furnishing, Automotive, Others) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
The flame-retardant foams and insulation are specifically formulated for fire resistant use. It is available in different types such as polyurethane, polystyrene, phenolic resins, polyolefin resins, elastomers, and ethylene propylene diene monomer rubber. When these foams are exposed to flames, the surface creates a protective barrier that aid to prevent dripping, melting, and the possibility of spreading fire. Furthermore, the flame-retardant foams and insulation is available in different sizes and shapes and can be customized easily based on consumer requirement. It is also lightweight, strong, stiff, and has the ability to withstand in any climatic conditions. These benefits surge the need for flame-retardant foams and insulation in the various applications which include construction, transportation, and soft furnishing.
The rising demand for flame-retardant foams and insulation in the construction industry will fuel the market growth. The foam insulation is widely utilized in modern buildings to improve energy efficiency. It also aids to reduce energy consumption, which further leads to make eco-friendly homes and protect from greenhouse emission. It is also suitable as a general sealant, which helps to prevent air leakage in cold storage. These benefits increase the use of flame-retardant foams and insulation in residential and commercial buildings. Hence, rising demand will further contribute to fuel the flame-retardant foams and insulation market growth during the forecast timeline.
However, the lower shelf life of flame-retardant foams and insulation reduces its demand in various applications. Hence, this is anticipated to restrain the market growth.
Key Market Driver -
Rising demand for flame retardant foam and insulation in the construction industry to drive the market growth
Key Market Restraint -
Lower shelf life of the product to restrict the market growth
Market Segmentation:
Based on type, the flame-retardant foams and insulation market is segmented into polyurethane, polystyrene, phenolic resins, polyolefin resins, elastomers, ethylene propylene diene monomer rubber, and others. By Application, the market is segmented into construction, transportation, soft furnishing, automotive, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players Covered:
The key players in the flame-retardant foams and insulation market includes 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 and Worldwide Foam.
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Regional Analysis:
Asia Pacific is anticipated to witness sustainable growth in the flame-retardant foams and insulation market. The growth is attributed to the rapidly growing construction industry, which further leads to a surge lucrative market growth. The rising product demand in the transportation will fuel the product demand in Europe, in which Germany is the leading country. In North America, growth is due to the rising demand for polyethylene and polystyrene-based foam in the residential sector. The Middle East & Africa is anticipated to witness significant growth, owing to the rising elastomers foams adoption in the soft furnishing.
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Segmentation
ATTRIBUTE | DETAILS |
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Flame-Retardant Foams and Insulation Industry Developments
- In August 2017, Furukawa Electric Co., Ltd. introduced new foam material, a new addition to the FOAM ACE. The product offers heat and flame resistance, which makes it suitable for heat insulation applications. This launch will help the company to expand its product portfolio.
- In September 2018, BASF launched first particle foam based on polyethersulfone. The new product is resistant to high-temperature and has inherent flame retardancy. These properties make it suitable for complex-shaped components in trains, airplanes, and cars. This launch will aid the company to meet the consumer requirement.
- Ongoing
- 2023
- 2019-2022
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