Foam Insulation Market Set to Grow Over 6% Through 2034 Driven by Sustainability Trends and Urbanization
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The global foam insulation market is projected to reach a valuation of US$ 60.7 Billion by 2034, exhibiting a CAGR of 6.4% between 2024-2034.
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There is rising demand for foam insulation for applications like soundproofing and acoustic insulation in buildings due to increase in urbanization and noise pollution.
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Manufacturers are developing sustainable and eco-friendly foam insulation solutions made from recycled or renewable materials to meet consumer demand.
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Government infrastructure projects requiring high performance insulation and growing adoption of passive house construction are key growth drivers.
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Prefab and modular construction methods necessitating foam insulation in their components is creating opportunities for manufacturers.