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United Kingdom Foam Insulation Market Size (2024 - 2029)

The United Kingdom foam insulation market is projected to experience growth over the forecast period, driven by the recovery of the building and construction industry and the increasing demand in the consumer appliances sector. The market size is expected to expand as industrial activities return to pre-pandemic levels, boosting the need for insulation in construction and transportation. However, concerns about health risks associated with isocyanates used in foam insulation could pose challenges to market growth.

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Market Size of United Kingdom Foam Insulation Industry

UK Foam Insulation Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 4.00 %
Market Concentration High

Major Players

United Kingdom Foam Insulation Market Major Players

*Disclaimer: Major Players sorted in no particular order

UK Foam Insulation Market Analysis

During the forecast period, the foam insulation market in the United Kingdom is estimated to grow with a CAGR of over 4%.

The building and construction industry was one of the various industries affected by the outbreak of COVID-19. Continued lockdowns, various social distancing norms, and disruptions in the supply chain hindered the growth of the building and construction industries. Many projects were delayed due to a lack of labor, funding, and other causes. Also, some projects were completely shut down due to bankruptcy. The demand for foam insulation which is used extensively in the building and construction industry, was hampered during the same period.

With the industrial sector gradually returning to the pre-pandemic level of activity, the revival of the building and construction industry, along with transportation and consumer appliances, is expected to drive the demand for foam insulation in the market.

  • In the short term, the growing consumer appliances market is expected to drive the demand for foam insulation. In the consumer appliances segment, household appliances have seen an increase in demand, with consumers prioritizing home improvements by splurging money saved up from holidays and socializing.
  • In the United Kingdom, if we see in the long term, the growing construction industry is expected to drive the demand for foam insulation during the forecast period.
  • However, growing concerns regarding potential health issues arising from the use of isocyanates, such as MDI (methylene diphenyl diisocyanate), undergo reaction with polyols to form polyurethane, on the other hand could potentially hinder the demand for the studied market.

UK Foam Insulation Industry Segmentation

Foam insulation uses chemicals such as isocyanate and polyol resin, which react when mixed together and expand after being sprayed in place. This expansion, possessing high thermal insulating value with minimal air infiltration, makes it purposeful as a specialty packing material that is extensively used in various packing and building applications. The foam insulation market in the United Kingdom is segmented by type and end-user industry. By type, the market is segmented into polystyrene, polyurethane and polyisocyanurate, polyolefin, elastomeric, phenolic, and other types. By end-user industry, the market is segmented into building and construction, transportation, consumer appliances, and other end-user industries. For each segment, the market sizing and forecasts have been done based on value (USD million).

Types
Polystyrene
Polyurethane and Polyisocyanurate
Polyolefin
Elastomeric
Phenolic
Other Types
End-user Industry
Building and Construction
Transportation
Consumer Appliances
Other End-user Industries
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United Kingdom Foam Insulation Market Size Summary

The United Kingdom foam insulation market is poised for growth, driven by the recovery of the building and construction industry post-COVID-19. The pandemic had initially disrupted the sector, causing project delays and shutdowns, which in turn affected the demand for foam insulation. However, as the industrial sector regains its pre-pandemic activity levels, the demand for foam insulation is expected to rise, particularly in the construction, transportation, and consumer appliances sectors. The consumer appliances market, in particular, is witnessing increased demand as consumers invest in home improvements. Despite potential health concerns related to the use of isocyanates in foam insulation, government initiatives aimed at reducing carbon footprints and energy consumption are likely to bolster market growth.

The market is characterized by the use of Polyurethane Rigid Foam (PUR) and Polyisocyanurate Rigid Foam (PIR), both of which offer distinct advantages in terms of thermal performance and resistance properties. PUR is favored for its water resistance and energy-efficient barriers, while PIR is preferred for its superior thermal stability and flame resistance. These properties make them ideal for various applications, driving their demand. The market is consolidated, with major players like BASF SE, Covestro AG, and Owens Corning leading the industry. Strategic acquisitions, such as Owens Corning's purchase of Natural Polymers LLC, are aimed at enhancing product offerings and expanding market reach, further supporting the anticipated growth of the foam insulation market in the United Kingdom.

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United Kingdom Foam Insulation Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Usage in the Building and Construction

      2. 1.1.2 Higher Demand for Polyurethane and Polyisocyanate Foam

    2. 1.2 Restraints

      1. 1.2.1 Growing Health Concerns

      2. 1.2.2 Challenges in Mortgaging or Reselling Houses with Foam Insulation

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Types

      1. 2.1.1 Polystyrene

      2. 2.1.2 Polyurethane and Polyisocyanurate

      3. 2.1.3 Polyolefin

      4. 2.1.4 Elastomeric

      5. 2.1.5 Phenolic

      6. 2.1.6 Other Types

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

      2. 2.2.2 Transportation

      3. 2.2.3 Consumer Appliances

      4. 2.2.4 Other End-user Industries

United Kingdom Foam Insulation Market Size FAQs

The United Kingdom Foam Insulation Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

BASF SE, Covestro AG, Owens Corning, Saint-Gobain S.A. and Dow are the major companies operating in the United Kingdom Foam Insulation Market.

United Kingdom Foam Insulation Report Snapshots

United Kingdom Foam Insulation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)