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Extruded Polystyrene Insulation Material Market by Application: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5118813
  • Report
  • April 2020
  • Region: Global
  • 196 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Abrisonv
  • Austrotherm
  • BASF SE
  • Jackon Insulation GmbH
  • Kingspan Group
  • Owens Corning
The global extruded polystyrene insulation material market was valued at $5.2 billion in 2019, and is projected to reach $7.9 billion by 2027, growing at a CAGR of 5.6% from 2020 to 2027.



Extruded polystyrenes (XPS) are thermoplastic polymers manufactured through the extrusion process. These polymers are highly moisture resistant and possess superior insulation properties due to their closed cell structure. In addition, they are characterized by high compressive strength, easy installation & handling, and long-term thermal performance. They are suitable for use in both interior and exterior applications in cold storage installations, rail beds, transmission line power foundations, walkaways, under concrete floors, parking decks, underground utility lines, fountain foundations, and other load-bearing applications.

Increase in infrastructural development activities like construction of highways, rail networks and airports across the developing economies such as India and China is the major factor that drives the growth of the XPS insulation material market. In addition, due to rapid urbanization the demand for new residential buildings has been increased significantly. Government initiatives like “Housing for All” launched by Government of India is anticipated to fuel the demand for XPS insulation material market. In addition, governmental infrastructural development program like “Smart City Project” that includes construction of modern infrastructure facilities and residential projects to tackle the growing environmental pollution and to provide houses to the people with modern facilities is anticipated to surge the demand XPS insulation material market. Surge in demand for insulation against high temperature from the residential construction sector is expected to drive the growth of the extruded polystyrene insulation material market. Furthermore, a rise in popularity of energy-efficient building systems is also anticipated to increase the demand for extruded polystyrene insulation material and is likely to drive the growth of the market during the forecast period.

However, fluctuating raw material prices and concerns due to presence of toxic chemical hinder the growth of the market. Development of XPS without the use of fluorochlorohydrocarbons is anticipated to create growth opportunities for XPS insulation material market in future.

The global extruded polystyrene insulation material market is segmented on the basis of application and region. On the basis of application, the market is be bifurcated into residential construction and non-residential construction. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major players analyzed in this report are BASF SE, Kingspan Group, Owens Corning, Emirates Extruded Polystyrene LLC, Jackon Insulation GmbH, Abriso nv, Ravago, Soprema Inc., URSA Insulation SA, and Austrotherm.

KEY BENEFITS FOR STAKEHOLDERS
  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current trends and future estimations of the market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the report.

KEY MARKET SEGMENTS

By Application
  • Residential Construction
  • Non-residential Construction

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Turkey
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • Rest of LAMEA
Frequently Asked Questions about the Global Extruded Polystyrene Insulation Material Market

What is the estimated value of the Global Extruded Polystyrene Insulation Material Market?

The Global Extruded Polystyrene Insulation Material Market was estimated to be valued at $5.2 billion in 2019.

What is the growth rate of the Global Extruded Polystyrene Insulation Material Market?

The growth rate of the Global Extruded Polystyrene Insulation Material Market is 5.4%, with an estimated value of $7.9 billion by 2027.

What is the forecasted size of the Global Extruded Polystyrene Insulation Material Market?

The Global Extruded Polystyrene Insulation Material Market is estimated to be worth $7.9 billion by 2027.

Who are the key companies in the Global Extruded Polystyrene Insulation Material Market?

Key companies in the Global Extruded Polystyrene Insulation Material Market include BASF SE, Kingspan Group, Owens Corning, Emirates Extruded Polystyrene LLC, Jackon Insulation GmbH, Abrisonv, Ravago, Soprema Inc. and Austrotherm.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abrisonv
  • Austrotherm
  • BASF SE
  • Jackon Insulation GmbH
  • Kingspan Group
  • Owens Corning

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.5. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Porter’S Five Forces Analysis
3.1. Pricing Analysis
3.1.1. Pricing Analysis, by Type, 2019 – 2027
3.1.2. Pricing Analysis, by Region, 2019 – 2027
3.2. Patent Analysis
3.3. Impact of Government Regulations on Global Extruded Polystyrene Insulation Material Market
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Surge in Demand from Non-Residential Construction Sector
3.4.1.2. Rise in Popularity of Energy-Efficient Building Systems
3.4.1.3. Advantages of Using Extruded Polystyrene Insulation Materials Over Other Reinforcement Materials
3.4.2. Restraint
3.4.2.1. Environment Issues Regarding the Presence of Toxic Chemicals in Extruded Polystyrene Insulation Materials Systems
3.4.3. Opportunity
3.4.3.1. Increase in Use of Co2 as a Foaming Agent
Chapter 4: Global Extruded Polystyrene Insulation Material Market, by Application
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Residential Construction
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Share Analysis, by Country
4.3. Non-Residential Construction
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Share Analysis, by Country
Chapter 5: Global Extruded Polystyrene Insulation Material Market, by Region
5.1. Overview
5.1.1. Market Size and Forecast
5.2. North America
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Application
5.2.3. Market Share Analysis, by Country
5.2.4. U. S.
5.2.4.1. Market Size and Forecast, by Application
5.2.5. Canada
5.2.5.1. Market Size and Forecast, by Application
5.2.6. Mexico
5.2.6.1. Market Size and Forecast, by Application
5.3. Europe
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Application
5.3.3. Market Share Analysis, by Country
5.3.4. Germany
5.3.4.1. Market Size and Forecast, by Application
5.3.5. France
5.3.5.1. Market Size and Forecast, by Application
5.3.6. Turkey
5.3.6.1. Market Size and Forecast, by Application
5.3.7. Russia
5.3.7.1. Market Size and Forecast, by Application
5.3.8. UK
5.3.8.1. Market Size and Forecast, by Application
5.3.9. Rest of Europe
5.3.9.1. Market Size and Forecast, by Application
5.4. Asia-Pacific
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Application
5.4.3. Market Share Analysis, by Country
5.4.4. China
5.4.4.1. Market Size and Forecast, by Application
5.4.5. Japan
5.4.5.1. Market Size and Forecast, by Application
5.4.6. South Korea
5.4.6.1. Market Size and Forecast, by Application
5.4.7. India
5.4.7.1. Market Size and Forecast, by Application
5.4.8. Australia
5.4.8.1. Market Size and Forecast, by Application
5.4.9. Rest of Asia-Pacific
5.4.9.1. Market Size and Forecast, by Application
5.5. LAMEA
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast, by Application
5.5.3. Market Share Analysis, by Country
5.5.4. Brazil
5.5.4.1. Market Size and Forecast, by Application
5.5.5. Argentina
5.5.5.1. Market Size and Forecast, by Application
5.5.6. Uae
5.5.6.1. Market Size and Forecast, by Application
5.5.7. Saudi Arabia
5.5.7.1. Market Size and Forecast, by Application
5.5.8. Rest of LAMEA
5.5.8.1. Market Size and Forecast, by Application
Chapter 6: Competitive Landscape
6.1. Introduction
6.1.1. Market Player Positioning, 2018
6.2. Top Winning Strategies
6.2.1. Top Winning Strategies, by Year
6.2.2. Top Winning Strategies, by Development
6.2.3. Top Winning Strategies, by Company
6.3. Competitive Heatmap
6.4. Key Developments
6.4.1. New Product Launches
6.4.2. Expansions
6.4.3. Mergers and Acquisition
Chapter 7: Company Profile
7.1. Basf Se
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Product Portfolio
7.1.5. Business Performance
7.2. Knauf Insulation
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Product Portfolio
7.3. Compagnie De Saint-Gobain S. A.
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Product Portfolio
7.3.5. Business Performance
7.3.6. Key Strategic Moves and Developments
7.4. Kingspan Group plc
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Product Portfolio
7.4.5. Business Performance
7.4.6. Key Strategic Moves and Developments
7.5. Austrotherm GmbH
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Product Portfolio
7.5.4. Key Strategic Moves and Developments
7.6. Xella International GmbH
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Product Portfolio
7.6.4. Key Strategic Moves and Developments
7.7. Foamex Victoria Pty. Ltd.
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Product Portfolio
7.8. Ridgespear Ltd.
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Product Portfolio
7.9. Dupont De Nemours Inc.
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Product Portfolio
7.9.4. Business Performance
7.10. Synthos S. A.
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Product Portfolio
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abrisonv
  • Austrotherm
  • BASF SE
  • Jackon Insulation GmbH
  • Kingspan Group
  • Owens Corning
According to the report titled, 'Extruded Polystyrene Insulation (XPS) Material Market By Application: Opportunity Analysis and Industry Forecast, 2020-2027', the global extruded polystyrene insulation material market was valued at $5.2 billion in 2019, and is projected to reach $7.9 billion by 2027, growing at a CAGR of 5.6% from 2020 to 2027.

Extruded polyesters (XPS) are closed cell, rigid insulation systems, which are manufactured using an extrusion process. Plastic resin and other ingredients are liquefied and then extruded through a die, forming a closed cell structure. XPS utilize air as an insulating medium, and are preferred over expanded polyester (EPS), due to high moisture resistance, low thermal conductivity, and high compressive strength.

The growth of the extruded polystyrene insulation material market is driven by surge in in demand for XPS from the non-residential construction sector and rise in construction activities in emerging economies of Asia-Pacific, such as India and China, due to rapid industrialization. The urban population of India is estimated to reach 600 million by 2030, which is projected to fuel the adoption of XPS insulation materials, thereby supplementing the growth of the market. However, the presence of toxic chemicals in polystyrene is expected to restrain the market growth. According to the European Union’s (EU) Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) program, hexabromocyclododecane (HBDC) present in polystyrene is listed as a chemical of high concern and recommends restricting its use as much as possible. This gives rise to the debate of whether the use of extruded polystyrene in construction should be considered under green building or not. Increase in R&D activities to produce high-quality XPS, without the use of greenhouse gases as foaming agents in XPS manufacturing is anticipated to provide potential growth opportunities for extruded polystyrene insulation material market.

However, the fluctuating raw material prices and concerns due to presence of toxic chemicals are expected to hinder the market growth. Conversely, development of XPS without the use of fluorochlorohydrocarbons is expected to provide lucrative opportunities for expansion of extruded polystyrene insulation material market.

By application, the global extruded polystyrene insulation material market size is segmented into residential construction and non-residential construction. The non-residential construction segment is anticipated to garner higher market share during the forecast period, owing to increase in usage of XPS insulation material in construction of retail stores, commercial offices, factories, warehouses, power stations, cold stores, food processing plants, telecom shelters, and public institutions, such as schools and hospitals.

By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to garner the highest market share during the forecast period due to surge in infrastructural development activities that include construction of highways and rail networks and increase in construction of building and houses to accommodate growing urban population. These factors are expected to drive the growth of extruded polystyrene insulation material market across the globe.

Key Findings Of The Study

The Asia-Pacific XPS insulation material market is projected to grow at a highest CAGR of nearly 6.6%, in terms of revenue, during the forecast period.
The residential construction is anticipated to witness moderate growth rate of 6.9%, in terms of revenue, during the forecast period.
Extruded polystyrene insulation material market share of North America in 2019 are 19.36%, in terms of revenue.
The non-residential construction is anticipated to witness moderate growth rate of 4.9%, in terms of revenue, during the forecast period.

The key players operating in the global XPS insulation material industry include BASF SE, Kingspan Group, Owens Corning, Emirates Extruded Polystyrene LLC, Jackon Insulation GmbH, Abrisonv, Ravago, Soprema Inc., URSA Insulation SA, and Austrotherm.
Note: Product cover images may vary from those shown
  • BASF SE
  • Kingspan Group
  • Owens Corning
  • Emirates Extruded Polystyrene LLC
  • Jackon Insulation GmbH
  • Abrisonv
  • Ravago
  • Soprema Inc.
  • URSA Insulation SA
  • Austrotherm
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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