North America Rigid Foam Panels Market Size & Share by 2030
The North America rigid foam panels market size is expected to reach US$ 9,136.60 million by 2030 from US$ 6,361.22 million in 2022; it is estimated to register a CAGR of 4.6% from 2022 to 2030.
MARKET ANALYSIS
Rigid foam panels are made from foam plastics such as polyurethane (PUR), polyisocyanurate (PIR), and polystyrene, or from fibrous materials such as fiberglass and slag wool. Rigid foam panels are often used to provide thermal insulation in the building envelope in order to reduce thermal bridging. The North America rigid foam panels market size is expected to surge in the coming years owing to the expanding construction industry.
Moreover, the automotive industry is increasingly incorporating rigid foam panels for interior components, acoustic insulation, and structural enhancements, propelled by the imperative of reducing weight to enhance fuel efficiency and curb emissions. Simultaneously, the packaging segment is witnessing an uptick in demand for rigid foam panels, primarily for safeguarding fragile goods during transit, underpinning its role in ensuring product integrity. Furthermore, environmental considerations are reshaping the market landscape, fostering the development of eco-friendly rigid foam panels crafted from recycled materials or with minimized environmental footprints
GROWTH DRIVERS AND CHALLENGES
Rigid foam panels made from materials such as polyisocyanurate, extruded polystyrene, and expanded polystyrene are valued for their insulating properties, as they offer durability, energy savings, and moisture control. Rigid foam panels are commonly used as insulation materials in walls, roofs, and floors. Rigid foam panels help reduce energy consumption and minimize the carbon footprint of buildings due to their high insulation properties. According to the US Department of Energy, heating and cooling accounts for approximately half of the energy used in a typical home in the US. Thus, rigid foam insulation products are highly used in the building and construction industry because they help consumers lower their energy bills by reducing air leaks and decreasing the transfer of heat between indoor and outdoor environments. As moisture can increase mold and mildew in the building envelope when it passes through the walls, rigid foam panels, when installed properly, provide a layer of protection against moisture.
Furthermore, cold storage facilities are compelled to maintain low operating temperatures of up to −30°C, owing to which effective insulation that limits heat gain is needed; otherwise, a lot of stress is placed on the refrigeration equipment. Also, running costs can quickly get out of control due to excessive consumption of energy. All insulation materials are designed to block the flow of heat from warm areas to cooler areas. Rigid foam panels are the best options for cold storage applications due to their high R-values, ability to provide continuous insulation, and durability. In North America, the growth of e-commerce and the importance of maintaining food safety and quality for meat, seafood, and other food products are driving the growth of the cold storage infrastructure sector. Therefore, increasing deployment of rigid foam panels drives the North America rigid foam panels market growth. Contrastingly, as all plastics used in making rigid foam panel products are made out of petrochemicals found in oil and are arduous to dispose of, the increasing use of plastics has led to extensive plastic landfills. The waste results in deteriorating soil and underground water bodies and causes global warming. All these raw materials adversely impact human health, wildlife, marine life, and the environment. Therefore, the harmful impact of raw materials of rigid foam panel products on the environment hampers the North America market growth.
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North America Rigid Foam Panels Market: Strategic Insights
Market Size Value in US$ 6,361.22 million in 2022 Market Size Value by US$ 9,136.60 million by 2030 Growth rate CAGR of 4.6% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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North America Rigid Foam Panels Market: Strategic Insights
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Market Size Value in | US$ 6,361.22 million in 2022 |
Market Size Value by | US$ 9,136.60 million by 2030 |
Growth rate | CAGR of 4.6% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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REPORT SEGMENTATION AND SCOPE
The "North America Rigid Foam Panels Market Analysis and Forecast to 2030" is a specialized and in-depth study focusing significantly on North American market trends and growth opportunities. The report aims to provide an overview of the market with detailed segmentation on the basis of material, application, end-use, and geography. It also includes a comprehensive analysis of the leading players in the market and their key strategic developments. Analysis of the market dynamics is also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
The ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the North America rigid foam panels market trends, which helps understand the entire supply chain and various factors influencing the market growth.
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SEGMENTAL ANALYSIS
The North America rigid foam panels market is segmented on the basis of material, application, and end use. Based on material, the market is subsegmented into polyurethane, polystyrene, polyisocyanurate, and others. The polyisocyanurate segment accounts for the largest North America rigid foam panels market share. Polyisocyanurate is also known as polyiso. Polyisocyanurate rigid foam panels, also known as PIR foam panels, are a type of insulation material that offers excellent thermal performance and fire resistance. These panels are composed of a closed-cell foam core made from polyisocyanurate, a type of thermosetting plastic, which is sandwiched between two facings. The facings can be made from materials such as aluminum foil, fiberglass, or other laminates. Polyisocyanurate foam panels have the highest R-value per inch (R-6.5 to R-6.8) of any rigid foam panels. This type of rigid foam panel usually comes with a reflective foil facing on both sides, so it can also serve as a radiant barrier. Another important characteristic of polyisocyanurate rigid foam panels is their fire resistance. PIR foam panels have excellent fire-retardant properties, as they are manufactured with flame retardants that inhibit the spread of flames and limit smoke generation. Although polyisocyanurate foam panels are more expensive than other types of rigid foam panels, they offer the most benefits. On the flip side, these types of panels tend to absorb water, making them unsuitable for below-grade waterproofing applications.
Based on application, the North America rigid foam panels market is segmented into insulation, structural, decorative, and others. The insulation segment accounts for the largest North America rigid foam panels market share. Rigid foam panels have a high insulation value, which makes them ideal for use in buildings and other applications where thermal insulation is needed. Rigid foam panels are commonly used as insulation materials in roofs, walls, and floors in the building and construction industry. The benefits of rigid foam panel insulation are enhanced moisture control, continuous insulation, and its ability to address thermal bridging. Based on end use, the market is segmented into construction, cold storage, food and beverage, pharmaceutical, automotive, and others. The construction segment accounts for the largest share. The rising cost of energy in North America has swayed home builders toward the use of thermally efficient insulators such as rigid foam panels. The most common rigid foam panels used as thermal insulators for building and construction uses are made from expanded polystyrene (EPS), extruded polystyrene (XPS), and polyisocyanurate. Rigid foam panels can significantly reduce a building's energy use and lead to controlling indoor temperature. Rigid foam panels are used to reduce the heat transfer between the house interior and the external environment. Their use in the construction of houses and buildings reduces the energy needed for heating and cooling the interior spaces.
North America Rigid Foam Panels Market – by Application, 2022 and 2030
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REGIONAL ANALYSIS
The North America rigid foam panels market report provides a detailed overview of the market concerning three major countries—the US, Canada, and Mexico. The US accounted for the largest market share and was valued at over US$ 5,400 million in 2022. The US marks a large number of modern construction activities in the region. The market in Canada is expected to reach over US$ 800 million by 2030. The market in Mexico is expected to record a CAGR of ~4% from 2022 to 2030. In North America, the rigid foam panels market growth is driven by factors such as the growing use of rigid foam panels from various application sectors, strong growth of the construction industry, and various advantages of rigid foam panels. The construction sector in North America is witnessing growth due to a robust economy and increased federal and state financing for commercial and institutional structures.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
A few initiatives taken by the key players operating in the North America rigid foam panels market are listed below:
- In January 2023, INDEVCO North America acquired Perma R Products to expand its product portfolio and distribution of rigid foam insulation and building envelope products across North America.
- In October 2022, BASF SE developed PU rigid foam systems, Elastopor & Elastopir, containing recycled PET. The product aimed to reduce the carbon footprint of buildings.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Owens Corning, Perma R Products Inc, Carlisle Companies Inc, Kingspan Group Plc, DuPont de Nemours Inc, General Plastics Manufacturing Co, Insulation Depot Inc, Metro Home Insulation LLC, Gold Star Insulation LP, and Johns Manville Corp. are among the prominent players operating in the North America rigid foam panels market. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. The North America rigid foam panels market report also includes company positioning and concentration to evaluate the performance of competitors/players in the market.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Material, Application, and End Use
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Rigid foam panels made from materials such as polyisocyanurate, extruded polystyrene, and expanded polystyrene are valued for their insulating properties, as they offer durability, energy savings, and moisture control. Rigid foam panels are commonly used as insulation materials in walls, roofs, and floors. Rigid foam panels help reduce energy consumption and minimize the carbon footprint of buildings due to their high insulation properties.
The major players operating in the North America rigid foam panels market are Owens Corning, Perma R Products Inc, Carlisle Companies Inc, Kingspan Group Plc, DuPont de Nemours Inc, General Plastics Manufacturing Co, Insulation Depot Inc, Metro Home Insulation LLC, Gold Star Insulation LP, and Johns Manville Corp.
Based on application, the North America rigid foam panels market is segmented into insulation, structural, decorative, and others. Rigid foam panels have a high insulation value, which makes them ideal for use in buildings and other applications where thermal insulation is needed. Rigid foam panels are commonly used as insulation materials in roofs, walls, and floors in the building and construction industry. The benefits of rigid foam panel insulation are enhanced moisture control, continuous insulation, and its ability to address thermal bridging.
Based on material, the market is subsegmented into polyurethane, polystyrene, polyisocyanurate, and others. The polyisocyanurate segment accounts for the largest North America rigid foam panels market share. Polyisocyanurate is also known as polyiso. Polyisocyanurate rigid foam panels, also known as PIR foam panels, are a type of insulation material that offers excellent thermal performance and fire resistance.
Players operating in the North America rigid foam panels market are focusing on adopting strategies such as investment in research and development activities, product launches, and expansions to fulfill the growing demand for high-quality and innovative products. In 2020, Zotefoams expanded its High-Performance Product (HPP) line with the introduction of its latest polyvinylidene fluoride (PVDF) foam, ZOTEK F X.R. This OSU grade foam is extra-rigid closed cell crosslinked foam and is available in densities of 120 kg/m3 and 150 kg/m3.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.3 Limitations and Assumptions
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Rigid Foam Panels Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. North America Rigid Foam Panels Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Rigid Foam Panels in Building and Construction Industry
5.1.2 Growing Cold Storage Applications of Rigid Foam Panels
5.2 Market Restraints
5.2.1 Harmful Impact of Raw Materials on Environment
5.3 Market Opportunities
5.3.1 Strategic Initiatives by Market Players
5.4 Future Trends
5.4.1 Development of Sustainable Rigid Foam Products
5.5 Impact Analysis
6. Rigid Foam Panels Market – North America Market Analysis
6.1 North America Rigid Foam Panels Market Revenue (US$ Million)
6.2 North America Rigid Foam Panels Market Volume (Million Sq. Feet)
6.3 North America Rigid Foam Panels Market Forecast and Analysis
7. North America Rigid Foam Panels Market Analysis – Material
7.1 Polyurethane
7.1.1 Overview
7.1.2 Polyurethane Market Revenue and Forecast to 2030 (US$ Million)
7.1.3 Polyurethane Market Volume and Forecast to 2030 (Million Sq. Feet)
7.2 Polystyrene
7.2.1 Polystyrene Market Revenue and Forecast to 2030 (US$ Million)
7.2.2 Polystyrene Market Volume and Forecast to 2030 (Million Sq. Feet)
7.2.3 Expanded Polystyrene
7.2.3.1 Overview
7.2.3.2 Expanded Polystyrene Market Revenue and Forecast to 2030 (US$ Million)
7.2.3.3 Expanded Polystyrene Market Volume and Forecast to 2030 (Million Sq. Feet)
7.2.4 Extruded Polystyrene
7.2.4.1 Overview
7.2.4.2 Extruded Polystyrene Market Revenue and Forecast to 2030 (US$ Million)
7.2.4.3 Extruded Polystyrene Market Volume and Forecast to 2030 (Million Sq. Feet)
7.3 Polyisocyanurate
7.3.1 Overview
7.3.2 Polyisocyanurate Market Revenue and Forecast to 2030 (US$ Million)
7.3.3 Polyisocyanurate Market Volume and Forecast to 2030 (Million Sq. Feet)
7.4 Others
7.4.1 Overview
7.4.2 Others Market Revenue and Forecast to 2030 (US$ Million)
7.4.3 Others Market Volume and Forecast to 2030 (Million Sq. Feet)
8. North America Rigid Foam Panels Market Analysis – Application
8.1 Insulation
8.1.1 Overview
8.1.2 Insulation Market Revenue and Forecast to 2030 (US$ Million)
8.2 Structural
8.2.1 Overview
8.2.2 Structural Market Revenue and Forecast to 2030 (US$ Million)
8.3 Decorative
8.3.1 Overview
8.3.2 Decorative Market Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue and Forecast to 2030 (US$ Million)
9. North America Rigid Foam Panels Market Analysis – End-Use
9.1 Construction
9.1.1 Overview
9.1.2 Construction Market Revenue and Forecast to 2030 (US$ Million)
9.2 Cold Storage
9.2.1 Overview
9.2.2 Cold Storage Market Revenue and Forecast to 2030 (US$ Million)
9.3 Food and Beverage
9.3.1 Overview
9.3.2 Food and Beverage Market Revenue and Forecast to 2030 (US$ Million)
9.4 Pharmaceutical
9.4.1 Overview
9.4.2 Pharmaceutical Market Revenue and Forecast to 2030 (US$ Million)
9.5 Automotive
9.5.1 Overview
9.5.2 Automotive Market Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue and Forecast to 2030 (US$ Million)
10. North America Rigid Foam Panels Market - Geographical Analysis
10.1 North America
10.1.1 Overview
10.1.2 North America Rigid Foam Panels Market Revenue and Forecasts and Analysis - By Countries
10.1.2.1 North America Rigid Foam Panels Market Breakdown by Country
10.1.2.2 US Rigid Foam Panels Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.3 US Rigid Foam Panels Market Volume and Forecasts to 2030 (Million Sq. Feet)
10.1.2.3.1 US Rigid Foam Panels Market Breakdown by Material
10.1.2.3.2 US Rigid Foam Panels Market Breakdown by Application
10.1.2.3.3 US Rigid Foam Panels Market Breakdown by End-Use
10.1.2.4 Canada Rigid Foam Panels Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.5 Canada Rigid Foam Panels Market Volume and Forecasts to 2030 (Million Sq. Feet)
10.1.2.5.1 Canada Rigid Foam Panels Market Breakdown by Material
10.1.2.5.2 Canada Rigid Foam Panels Market Breakdown by Application
10.1.2.5.3 Canada Rigid Foam Panels Market Breakdown by End-Use
10.1.2.6 Mexico Rigid Foam Panels Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.7 Mexico Rigid Foam Panels Market Volume and Forecasts to 2030 (Million Sq. Feet)
10.1.2.7.1 Mexico Rigid Foam Panels Market Breakdown by Material
10.1.2.7.2 Mexico Rigid Foam Panels Market Breakdown by Application
10.1.2.7.3 Mexico Rigid Foam Panels Market Breakdown by End-Use
11. Impact of COVID-19 Pandemic on North America Rigid Foam Panels Market
11.1 Pre & Post Covid-19 Impact
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 New Product Development
13.3 Merger and Acquisition
14. Company Profiles
14.1 Owens Corning
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Perma R Products Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Carlisle Companies Inc
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Kingspan Group Plc
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 DuPont de Nemours Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 General Plastics Manufacturing Co
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Insulation Depot Inc
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Metro Home Insulation LLC
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Gold Star Insulation LP
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Johns Manville Corp
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
List of Tables
Table 1. North America Rigid Foam Panels Market Segmentation
Table 2. List of Vendors in the Value Chain
Table 3. North America Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. North America Rigid Foam Panels Market Volume and Forecasts To 2030 (Million Sq. Feet)
Table 5. North America Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million) – Material
Table 6. North America Rigid Foam Panels Market Volume and Forecasts To 2030 (Million Sq. Feet) – Material
Table 7. North America Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 8. North America Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million) – End-Use
Table 9. US Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million) – By Material
Table 10. US Rigid Foam Panels Market Volume and Forecasts To 2030 (Million Sq. Feet) – By Material
Table 11. US Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 12. US Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million) – By End-Use
Table 13. Canada Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million) – By Material
Table 14. Canada Rigid Foam Panels Market Volume and Forecasts To 2030 (Million Sq. Feet) – By Material
Table 15. Canada Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 16. Canada Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million) – By End-Use
Table 17. Mexico Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million) – By Material
Table 18. Mexico Rigid Foam Panels Market Volume and Forecasts To 2030 (Million Sq. Feet) – By Material
Table 19. Mexico Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million) – By Application
Table 20. Mexico Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million) – By End-Use
List of Figures
Figure 1. North America Rigid Foam Panels Market Segmentation, By Country
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Rigid Foam Panels Market
Figure 4. Market Dynamics: North America Rigid Foam Panels Market
Figure 5. North America Rigid Foam Panels Market Impact Analysis of Drivers and Restraints
Figure 6. North America Rigid Foam Panels Market Revenue (US$ Million), 2020 – 2030
Figure 7. North America Rigid Foam Panels Market Volume (Million Sq. Feet), 2020 – 2030
Figure 8. North America Rigid Foam Panels Market Share (%) – Material, 2022 and 2030
Figure 9. Polyurethane Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Polyurethane Market Volume and Forecasts To 2030 (Million Sq. Feet)
Figure 11. Polystyrene Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Polystyrene Market Volume and Forecasts To 2030 (Million Sq. Feet)
Figure 13. Expanded Polystyrene Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Expanded Polystyrene Market Volume and Forecasts To 2030 (Million Sq. Feet)
Figure 15. Extruded Polystyrene Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Extruded Polystyrene Market Volume and Forecasts To 2030 (Million Sq. Feet)
Figure 17. Polyisocyanurate Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Polyisocyanurate Market Volume and Forecasts To 2030 (Million Sq. Feet)
Figure 19. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Others Market Volume and Forecasts To 2030 (Million Sq. Feet)
Figure 21. North America Rigid Foam Panels Market Share (%) – Application, 2022 and 2030
Figure 22. Insulation Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Structural Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Decorative Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. North America Rigid Foam Panels Market Share (%) – End-Use, 2022 and 2030
Figure 27. Construction Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. Cold Storage Market Revenue and Forecasts To 2030 (US$ Million)
Figure 29. Food and Beverage Market Revenue and Forecasts To 2030 (US$ Million)
Figure 30. Pharmaceutical Market Revenue and Forecasts To 2030 (US$ Million)
Figure 31. Automotive Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 33. North America Rigid Foam Panels Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 34. US Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million)
Figure 35. US Rigid Foam Panels Market Volume and Forecasts To 2030 (Million Sq. Feet)
Figure 36. Canada Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million)
Figure 37. Canada Rigid Foam Panels Market Volume and Forecasts To 2030 (Million Sq. Feet)
Figure 38. Mexico Rigid Foam Panels Market Revenue and Forecasts To 2030 (US$ Million)
Figure 39. Mexico Rigid Foam Panels Market Volume and Forecasts To 2030 (Million Sq. Feet)
Figure 40. Heat Map Analysis by Key Players
Figure 41. Company Positioning & Concentration
The List of Companies - North America Rigid Foam Panels Market
- Owens Corning
- Perma R Products Inc
- Carlisle Companies Inc
- Kingspan Group Plc
- DuPont de Nemours Inc
- General Plastics Manufacturing Co
- Insulation Depot Inc
- Metro Home Insulation LLC
- Gold Star Insulation LP
- Johns Manville Corp.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.