Global Rigid Foam Market Expected To Reach $ 99.7 Billion By 2021

Date: 2017-05-26

Increasing concerns across the globe for insulation and energy savings, insulation for walls, roofs, and windows have led to the development of rigid foam in the building and construction industry. Rigid foam not only helps in energy saving in buildings but also increases their efficiency. Hence, advancements in the building & construction industry have led to the increasing use of rigid foam across the globe, which is expected to fuel the growth of the rigid foam market during the forecast period.

The global Rigid Foam market was estimated at USD$ 67.2 Billion in 2016, and is anticipated to reach USD$ 99.7 Billion by 2021, expanding at a CAGR of 8.2% between 2017 and 2021. The growth of the market is driven by the increasing use of rigid foam in the building & construction, appliances for insulation and energy saving, and in the automobile industry for weight reduction. These foams are also being increasingly used in the packaging end-use industry, owing to their light weight and durability.

Among end-use industries, the building & construction segment is projected to lead the rigid foam market during the forecast period

Increasing concerns across the globe for insulation and energy savings, insulation for walls, roofs, and windows have led to the development of rigid foam in the building and construction industry. Rigid foam not only helps in energy saving in buildings but also increases their efficiency. Hence, advancements in the building & construction industry have led to the increasing use of rigid foam across the globe, which is expected to fuel the growth of the rigid foam market during the forecast period.

The Asia-Pacific rigid foam market is projected to grow at the highest CAGR during the forecast period, 2017 to 2021

According to survey, the region of Rigid Foam market share as following:
 
Companies such as BASF SE (Germany), The Dow Chemical Company (U.S), Huntsman Corporation (U.S.), Covestro AG (Germany), JSP Corporation (Japan), Borealis AG (Austria), Sealed Air Corporation (U.S.), Armacell International S.A. (Luxembourg), Woodbridge Foam Corporation (U.S.), and Zotefoams Plc (U.K.).

Read Full Report:
http://www.gosreports.com/global-rigid-foam-market-research-report-2017/ 

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 1-510-400-8520
Web: www.gosreports.com

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