Construction Foam Market Trends and Forecast
The future of the global construction foam market looks promising with opportunities in the commercial and home markets. The global construction foam market is expected to grow with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are increasing demand for energy-efficient buildings, rising adoption of sustainable construction materials, and ongoing advancements in insulation and acoustic properties of foams.
• Lucintel forecasts that filled is expected to witness higher growth over the forecast period.
• Within this market, commercial is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Construction Foam Market
• United States: Several construction companies have announced initiatives to increase the use of eco-friendly foam insulation materials to meet government sustainability targets set by the EPA.
• China: Key foam manufacturers have announced plans to expand production capacities by 20% over the next two years to meet growing demand spurred by government initiatives promoting energy-efficient building materials.
• Germany: Leading companies have introduced advanced polyurethane foam technologies aimed at achieving higher thermal insulation standards outlined in the governmentÄX%$%Xs ambitious energy efficiency roadmap for buildings.
• India: The government has announced subsidies for companies investing in research and development of lightweight foams to reduce construction costs and meet the countryÄX%$%Xs affordable housing targets.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Foam Market by Segment
The study includes a forecast for the global construction foam market by type, application, and region.
Construction Foam Market by Type [Value from 2018 to 2030]:
• Filled
• Adhesive
• Others
Construction Foam Market by Application [Value from 2018 to 2030]:
• Commercial
• Home
• Others
Construction Foam Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Construction Foam Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies construction foam companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction foam companies profiled in this report include-
• Loctite
• Akfix
• DAP Global
• PENOSIL
• BISON
• Fischer
• HILTI
Recent Development in the Construction Foam Market
• BASF SE: BASF has introduced a new range of eco-friendly polyurethane foams that are designed to enhance thermal insulation in construction. These foams aim to reduce carbon footprint without compromising on performance, aligning with sustainability goals in the construction sector.
• Dow Inc.: Dow Inc. has launched a series of next-generation spray foams that offer improved insulation properties and faster curing times. These innovations are targeted at enhancing energy efficiency and reducing construction timelines, catering to the demand for high-performance building materials.
• Sika AG: Sika AG has expanded its production facilities for polyurethane foams in key regions like Asia-Pacific and Europe. This expansion aims to meet growing market demand and strengthen SikaÄX%$%Xs position as a leading supplier of construction foams globally.
• Huntsman Corporation: Huntsman Corporation has announced advancements in fire-resistant polyurethane foams, enhancing safety standards in construction. These foams are engineered to withstand high temperatures and contribute to building resilience against fire hazards.
• Recticel NV: Recticel NV has collaborated with construction firms to develop customized polyethylene foams that offer superior moisture resistance and durability. These tailored solutions address specific needs in roofing and insulation applications, driving innovation in the construction foam sector.
Features of the Global Construction Foam Market
Market Size Estimates: Construction foam market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Construction foam market size by type, application, and region in terms of value ($B).
Regional Analysis: Construction foam market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the construction foam market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction foam market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for construction foam market?
Answer: The global construction foam market is expected to grow with a CAGR of 4.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the construction foam market?
Answer: The major drivers for this market are increasing demand for energy-efficient buildings, rising adoption of sustainable construction materials, and ongoing advancements in insulation and acoustic properties of foams.
Q3. What are the major segments for construction foam market?
Answer: The future of the construction foam market looks promising with opportunities in the commercial and home markets.
Q4. Who are the key construction foam market companies?
Answer: Some of the key construction foam companies are as follows:
• Loctite
• Akfix
• DAP Global
• PENOSIL
• BISON
• Fischer
• HILTI
Q5. Which construction foam market segment will be the largest in future?
Answer: Lucintel forecasts that filled is expected to witness higher growth over the forecast period.
Q6. In construction foam market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the construction foam market by type (filled, adhesive, and others), application (commercial, home, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Construction Foam Market, Construction Foam Market Size, Construction Foam Market Growth, Construction Foam Market Analysis, Construction Foam Market Report, Construction Foam Market Share, Construction Foam Market Trends, Construction Foam Market Forecast, Construction Foam Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.