Market Size of United Kingdom Foam Insulation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
UK Foam Insulation Market Analysis
During the forecast period, the foam insulation market in the United Kingdom is estimated to grow with a CAGR of over 4%.
The building and construction industry was one of the various industries affected by the outbreak of COVID-19. Continued lockdowns, various social distancing norms, and disruptions in the supply chain hindered the growth of the building and construction industries. Many projects were delayed due to a lack of labor, funding, and other causes. Also, some projects were completely shut down due to bankruptcy. The demand for foam insulation which is used extensively in the building and construction industry, was hampered during the same period.
With the industrial sector gradually returning to the pre-pandemic level of activity, the revival of the building and construction industry, along with transportation and consumer appliances, is expected to drive the demand for foam insulation in the market.
- In the short term, the growing consumer appliances market is expected to drive the demand for foam insulation. In the consumer appliances segment, household appliances have seen an increase in demand, with consumers prioritizing home improvements by splurging money saved up from holidays and socializing.
- In the United Kingdom, if we see in the long term, the growing construction industry is expected to drive the demand for foam insulation during the forecast period.
- However, growing concerns regarding potential health issues arising from the use of isocyanates, such as MDI (methylene diphenyl diisocyanate), undergo reaction with polyols to form polyurethane, on the other hand could potentially hinder the demand for the studied market.
