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CLEVELAND , June 16, 2022 /PRNewswire/ -- The sizable stock of substandard housing units in the Asia/Pacific and Africa /Mideast regions – which together account for over 75% of the world's population – presents a significant growth opportunity for the foamed plastic insulation industry, according to a new Freedonia Group analysis.
Governments in a number of developing countries in these areas – particularly India – are working to improve housing quality, including through the adoption of minimum insulation requirements. Additionally, foamed plastic insulation sales in these countries will be driven by:
Demand for foamed plastic insulation in India is expected to rise at the fastest rate of increase of any major country through 2025, finds the Freedonia Group analysis. Market expansion will be bolstered by:
In particular, rigid PUR and PIR are projected to post robust demand increases through 2025, bolstered by strong gains in appliance production.
Global Foamed Plastic Insulation, now available from the Freedonia Group, provides historical data (2010, 2015, and 2020) and forecasts for 2025 and 2030 for foamed plastic insulation demand by product (in dollars and metric tons) and market (metric tons and square meters R-1). Demand in value terms is shown at the manufacturers' level and excludes distributor and retailer markups.
About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
Press Contact: Corinne Gangloff +1 440.842.2400 [email protected]
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