About Insulating Foam Sealant
Insulating foam sealants are commonly called one-component foam, primarily utilized for small requirements such as sealing cracks and gaps. Owing to less energy utilization and conservation of resources, it is most popular with various users. Insulating foam sealants are available for both homeowners as well as professional foam applicators across the globe. As insulating foam sealant cures and sets quickly, it can be bonded easily to masonry, wood, glass, metal, and plastics.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Commercial Thermal Solutions, Inc. (United States), DAP Products Inc. (United States), The Dow Chemical Company (United States), E.I. du Pont de Nemours and Company (United States), Huntsman International LLC (United States), Hilti (Liechtenstein), BASF SE (Germany), Covestro AG (Germany), Huntsman International LLC (United States) and Kingspan Group PLC (Republic of Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Lapolla Industries, Inc. (United States), Owens Corning (United States), Recticel Group (Belgium), Demilec, Inc. (United States), Saint-Gobain (France) and Qingdao Jinguyou Construction Materials Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Insulating Foam Sealant market by , Application (Residential, Commercial & Institutional and Industrial) and Region.
On the basis of geography, the market of Insulating Foam Sealant has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Platform, the sub-segment i.e. Interior will boost the Insulating Foam Sealant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Insulating Foam Sealant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. High-Density Sealant will boost the Insulating Foam Sealant market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
New Product Launch and Product Innovation like More Efficient Sealant with Properties like Heat Resistance and Water Proofing
Market Growth Drivers:
Rising Demand for the Insulating Foam Sealant in Power and Energy Conservation in Construction Field and Growth in Usage of Foams Sealants in Transporting Various Chemicals
Challenges:
Restrained Requirement of Proper Mixing of Chemical Components for Insulating Foam Sealant
Restraints:
High Installation Cost involved with the Insulating Foam Sealant
Opportunities:
Rising Government Investments in R&D for the Sealants for Different Military and Industrial Applications
Market Leaders and their expansionary development strategies
In 2020, Huntsman Corporation acquired Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications. This acquisition will complement the product portfolio with leading energy-saving insulation applications and technologies, providing customers better service with expertise and experience.
In 2019, Demilec, Inc., a subsidiary of Huntsman Corporation and manufacturers of open- and closed-cell spray polyurethane foam (SPF) insulation and coatings, launched several spray foam insulation products. The collaboration of Huntsman’s new systems house with Demilec’s new technology and training center will enable Demilec to bring the same premium support and service from the launch.
Key Target Audience
Insulating Foam Sealant Manufacturer, Distributor/Supplier, Raw Material Supplier, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.