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A74448 | Pages: 125 | Charts: 35 | Tables: 58 |
The U.S. extruded polystyrene (XPS) insulation material market size was valued at $596.6 million in 2021, and is projected to reach $987.8 million by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
Report Key Highlighters:
Extruded polystyrene (XPS) insulation materials are a type of rigid foam insulation used in construction to provide thermal insulation for walls, roofs, and floors. Extruded polystyrene insulation is made by combining polystyrene polymer with other additives, such as blowing agents and flame retardants, and then extruding the mixture through a die to form rigid foam panels. Extruded polystyrene insulation is known for its high thermal resistance, durability, and moisture resistance. It is commonly used in both residential and commercial construction projects, as well as in industrial applications.
Governments all over the world are enforcing strict building codes and regulations to encourage the use of energy-efficient insulation systems. The increasing demand for energy-efficient buildings is driving the demand for U.S. extruded polystyrene (XPS) insulation materials, as they provide effective insulation which helps to reduce energy consumption. The rise in construction activity, particularly in the non-residential sector, is increasing the demand for extruded polystyrene insulation materials.
The U.S. extruded polystyrene (XPS) insulation material market is driven owing to growth in demand for XPS insulation material in residential construction.
Extruded polystyrene (XPS) is a type of foam plastic that is commonly used as thermal insulation in residential buildings as well as in other applications such as packaging, crafts, and model-making. XPS is created by combining polystyrene resin with a blowing agent and extruding the mixture through a die to create a rigid, closed-cell foam.
Extruded polystyrene has several desirable properties, including high thermal resistance, low moisture absorption, and excellent compressive strength, thus making it an ideal insulation material across residential buildings. In addition, lightweight and easy to work, make extruded polystyrene a good choice for insulating roofs, walls, and foundations in residential construction. The growing demand for energy-efficient and sustainable homes has attracted residential building homeowners to focus on finding ways to reduce their energy costs and carbon footprint. XPS insulation is gaining popularity as a means of achieving high levels of thermal insulation in homes.
XPS insulation is a highly effective thermal insulator, with a high R-value per inch of thickness. This means that it can help to reduce the amount of energy required for the HVAC system, resulting in lower energy costs. As building codes and standards are becoming more stringent, there is a greater demand for extruded polystyrene insulation materials that meet these requirements. As a result, a wider range of insulation materials is being used in homes, which may have an impact on the market share of XPS insulation. In addition to that XPS insulation can also help to improve comfort by maintaining a consistent indoor temperature across residential buildings. This can result in a more comfortable living environment. All these factors have escalated the demand for extruded polystyrene insulation material in residential construction.
The West region has dominated the U.S. extruded polystyrene (XPS) insulation material market, and it is anticipated to grow at a CAGR of 5.7% from 2022 to 2031. This growth is attributed to factors such as the growth in the residential and non-residential construction activities. many building owners and developers are looking for environmentally friendly building materials such as extruded polystyrene insulation. This trend is expected to continue as building codes and regulations become more stringent and energy-efficient. With rising energy costs and a growing awareness of the need to reduce carbon emissions, many building owners are looking for ways to improve energy efficiency of non-residential buildings.
The U.S. extruded polystyrene (XPS) insulation material market is segmented on the basis of application and region. By application, market is divided into residential construction and non-residential construction.
Region-wise, U.S. extruded polystyrene (XPS) insulation material market share is analyzed across Southeast, West, Northeast, Midwest, and Southwest. In addition, the region have been further segmented on the basis of states. Southeast region includes states such as Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia. West region states include Alaska
California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, South Dakota, Utah, Washington, and Wyoming. Northeast region includes states such as Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. Midwest states include Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, and Wisconsin.
Key players engaged in development and production of extruded polystyrene (XPS) insulation material across U.S. include DuPont, Williams Foam, Owens Corning, Morgan Advanced Materials, Sika Sarnafil, Pactive LLC, Soprema, Inc., Kingspan Group plc, Knauf Insulation, and TeMa North America LLC.
[APPLICATIONGRAPH]
U.S. extruded polystyrene (XPS) insulation material market, by application
Non-residential application is the most lucrative segment and is anticipated to grow at a CAGR of 5.5% in the forecast period. Governments across the world are enforcing strict building codes and regulations to encourage the use of energy-efficient insulation systems to reduce environmental concerns. Thus, many building owners and developers are looking for environmentally friendly building materials such as extruded polystyrene insulation. This trend is expected to continue as building codes and regulations become more stringent and energy-efficient. With rising energy costs and a growing awareness of the need to reduce carbon emissions, many building owners are looking for ways to improve energy efficiency of non-residential buildings.
The non-residential construction market is expanding as businesses, governments and other organizations invest in new infrastructure and facilities. According to the U.S. Census Bureau, the value of construction spending in 2022 was $1,792.9 billion, which is 10.2% more than the $1,626.4 billion spent in 2021. XPS insulation is well-suited for use in non-residential buildings, particularly those with high energy demands, such as hospitals, schools, and office buildings. In addition to that, XPS insulation is moisture resistant, fire resistant and has high compressive strength with a longer lifespan. All these factors have escalated the demand for extruded polystyrene insulation material in non-residential construction.
[REGIONGRAPH]
U.S. extruded polystyrene (XPS) insulation material market, by region
West region was the highest revenue contributor to the market in 2021. Extruded polystyrene insulation is a versatile material that can be used in a wide range of non-residential applications including roofs, walls, and floors. It is also simple to work with and can be cut to size and shape, making it an appealing option for builders looking for an easy-to-install material. Several factors are driving this trend across West region, including the need to reduce greenhouse gas emissions, comply with energy efficiency regulations, and lower operating costs.
Many building codes and energy efficiency standards now mandate the use of R-value or U-factor rated insulation materials. XPS insulation can assist non-residential building owners in meeting these requirements, making it an appealing option for those seeking to comply with building codes and regulations. In addition, extruded polystyrene insulation material has durability, sustainability, versatility, and fire resistance property. All these factors have escalated the demand for extruded polystyrene insulation material in West region.
KEY BENEFITS FOR STAKEHOLDERS
Key Market Segments
Key Market Players
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Secondary research
1.4.2.Primary research
1.5.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.1.1.Pricing Analysis
3.2.Porter’s five forces analysis
3.3.Market dynamics
3.3.1.Drivers
3.3.1.1.Growth in demand for extruded polystyrene insulation material in residential construction
3.3.1.2.The growing popularity of extruded polystyrene insulation material in non-residential construction
3.3.2.Restraint
3.3.2.1.Disadvantages associated with the use of extruded polystyrene insulation material
3.3.3.Opportunities
3.3.3.1.High demand for extruded polystyrene insulating material in non-residential buildings
3.4.Value chain analysis
3.5.Impact of key regulations on the U.S. extruded polystyrene (XPS) insulation material market
3.6.Impact of COVID-19 on U.S. extruded polystyrene (XPS) insulation material market
CHAPTER 4:U.S. EXTRUDED POLYSTYRENE INSULATION MATERIAL MARKET, BY APPLICATION
4.1.Overview
4.1.1.Market size and forecast, by application
4.2.Residential construction
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by region
4.3.Non-residential construction
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by region
CHAPTER 5:U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY REGION
5.1.Overview
5.1.1.Market size and forecast, by region
5.2.U.S.
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by application
5.3.Northeast
5.3.1.Market size and forecast, by states
5.4.Southwest
5.4.1.Market size and forecast, by states
5.5.West
5.5.1.Market size and forecast, by states
5.6.Southeast
5.6.1.Market size and forecast, by states
5.7.Midwest
5.7.1.Market size and forecast, by states
CHAPTER 6:COMPETITIVE LANDSCAPE
6.1.Introduction
6.2.Top winning strategies
6.2.1.Top winning strategies, by year, 2020-2022*
6.2.2.Top winning strategies, by development, 2020-2022*(%)
6.2.3.Top winning strategies, by company, 2020-2022*
6.3.Product mapping of top 10 player
6.4.Competitive heatmap
6.5.Top player positioning
CHAPTER 7:COMPANY PROFILES
7.1.DUPONT
7.1.1.Company overview
7.1.2.Key executives
7.1.3.Company snapshot
7.1.4.Operating business segments
7.1.5.Product portfolio
7.1.6.Business Performance
7.2.Williams Foam
7.2.1.Company overview
7.2.2.Product portfolio
7.3.OWENS CORNING
7.3.1.Company overview
7.3.2.Key executives
7.3.3.Company snapshot
7.3.4.Operating business segments
7.3.5.Product portfolio
7.3.6.Business Performance
7.3.7.Key strategic moves and developments
7.4.MORGAN ADVANCED MATERIALS PLC
7.4.1.Company overview
7.4.2.Key executives
7.4.3.Company snapshot
7.4.4.Operating business segments
7.4.5.Product portfolio
7.4.6.Business Performance
7.5.SIKA SARNAFIL
7.5.1.Company overview
7.5.2.Key executives
7.5.3.Company snapshot
7.5.4.Operating business segments
7.5.5.Product portfolio
7.6.PACTIV LLC
7.6.1.Company overview
7.6.2.Key executives
7.6.3.Company snapshot
7.6.4.Operating business segments
7.6.5.Product portfolio
7.6.6.Business Performance
7.7.SOPREMA INC.
7.7.1.Company overview
7.7.2.Key executives
7.7.3.Company snapshot
7.7.4.Operating business segments
7.7.5.Product portfolio
7.8.KINGSPAN GROUP PLC
7.8.1.Company overview
7.8.2.Key executives
7.8.3.Company snapshot
7.8.4.Operating business segments
7.8.5.Product portfolio
7.8.6.Business Performance
7.8.7.Key strategic moves and developments
7.9.KNAUF INSULATION
7.9.1.Company overview
7.9.2.Key executives
7.9.3.Company snapshot
7.9.4.Operating business segments
7.9.5.Product portfolio
7.10.TEMA NORTH AMERICA L.L.C.
7.10.1.Company overview
7.10.2.Key executives
7.10.3.Company snapshot
7.10.4.Product portfolio
LIST OF TABLES
TABLE 01.U.S. EXTRUDED POLYSTYRENE INSULATION MATERIAL MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 02.U.S. EXTRUDED POLYSTYRENE INSULATION MATERIAL MARKET, BY APPLICATION, 2021-2031 (THOUSAND CUBIC METERS)
TABLE 03.U.S. EXTRUDED POLYSTYRENE INSULATION MATERIAL MARKET FOR RESIDENTIAL CONSTRUCTION, BY REGION, 2021-2031 ($MILLION)
TABLE 04.U.S. EXTRUDED POLYSTYRENE INSULATION MATERIAL MARKET FOR RESIDENTIAL CONSTRUCTION, BY REGION, 2021-2031 (THOUSAND CUBIC METERS)
TABLE 05.U.S. EXTRUDED POLYSTYRENE INSULATION MATERIAL MARKET FOR NON-RESIDENTIAL CONSTRUCTION, BY REGION, 2021-2031 ($MILLION)
TABLE 06.U.S. EXTRUDED POLYSTYRENE INSULATION MATERIAL MARKET FOR NON-RESIDENTIAL CONSTRUCTION, BY REGION, 2021-2031 (THOUSAND CUBIC METERS)
TABLE 07.U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY REGION, 2021-2031 ($MILLION)
TABLE 08.U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY REGION, 2021-2031 (THOUSAND CUBIC METERS)
TABLE 09.U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY APPLICATION, 2021-2031 ($MILLION)
TABLE 10.U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY APPLICATION, 2021-2031 (THOUSAND CUBIC METERS)
TABLE 11.NORTHEAST U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY STATE, 2021-2031 ($MILLION)
TABLE 12.NORTHEAST U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY STATE, 2021-2031 (THOUSAND CUBIC METERS)
TABLE 13.SOUTHWEST U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY STATE, 2021-2031 ($MILLION)
TABLE 14.SOUTHWEST U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY STATE, 2021-2031 (THOUSAND CUBIC METERS)
TABLE 15.WEST U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY STATE, 2021-2031 ($MILLION)
TABLE 16.WEST U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY STATE, 2021-2031 (THOUSAND CUBIC METERS)
TABLE 17.SOUTHEAST U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY STATE, 2021-2031 ($MILLION)
TABLE 18.SOUTHEAST U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY STATE, 2021-2031 (THOUSAND CUBIC METERS)
TABLE 19.MIDWEST U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY STATE, 2021-2031 ($MILLION)
TABLE 20.MIDWEST U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY STATE, 2021-2031 (THOUSAND CUBIC METERS)
TABLE 21.DUPONT: KEY EXECUTIVES
TABLE 22.DUPONT: COMPANY SNAPSHOT
TABLE 23.DUPONT PRODUCT SEGMENTS
TABLE 24.DUPONT: PRODUCT PORTFOLIO
TABLE 25.WILLIAMS FOAM: PRODUCT PORTFOLIO
TABLE 26.OWENS CORNING: KEY EXECUTIVES
TABLE 27.OWENS CORNING: COMPANY SNAPSHOT
TABLE 28.OWENS CORNING PRODUCT SEGMENTS
TABLE 29.OWENS CORNING: PRODUCT PORTFOLIO
TABLE 30.OWENS CORNING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 31.MORGAN ADVANCED MATERIALS PLC: KEY EXECUTIVES
TABLE 32.MORGAN ADVANCED MATERIALS PLC: COMPANY SNAPSHOT
TABLE 33.MORGAN ADVANCED MATERIALS PLC. PRODUCT SEGMENTS
TABLE 34.MORGAN ADVANCED MATERIALS PLC.: PRODUCT PORTFOLIO
TABLE 35.SIKA SARNAFIL: KEY EXECUTIVES
TABLE 36.SIKA SARNAFIL: COMPANY SNAPSHOT
TABLE 37.SIKA SARNAFIL PRODUCT SEGMENTS
TABLE 38.SIKA SARNAFIL: PRODUCT PORTFOLIO
TABLE 39.PACTIV LLC: KEY EXECUTIVES
TABLE 40.PACTIV LLC: COMPANY SNAPSHOT
TABLE 41.PACTIV LLC PRODUCT SEGMENTS
TABLE 42.PACTIV LLC: PRODUCT PORTFOLIO
TABLE 43.SOPREMA INC.: KEY EXECUTIVES
TABLE 44.SOPREMA INC.: COMPANY SNAPSHOT
TABLE 45.SOPREMA INC. PRODUCT SEGMENTS
TABLE 46.SOPREMA INC.: PRODUCT PORTFOLIO
TABLE 47.KINGSPAN GROUP PLC.: KEY EXECUTIVES
TABLE 48.KINGSPAN GROUP PLC.: COMPANY SNAPSHOT
TABLE 49.KINGSPAN GROUP PLC. PRODUCT SEGMENTS
TABLE 50.KINGSPAN GROUP PLC.: PRODUCT PORTFOLIO
TABLE 51.KINGSPAN GROUP PLC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 52.KNAUF INSULATION: KEY EXECUTIVES
TABLE 53.KNAUF INSULATION: COMPANY SNAPSHOT
TABLE 54.KNAUF INSULATION SERVICE SEGMENTS
TABLE 55.KNAUF INSULATION: PRODUCT PORTFOLIO
TABLE 56.TEMA: KEY EXECUTIVE
TABLE 57.TEMA: COMPANY SNAPSHOT
TABLE 58.TEMA: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01.U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET SNAPSHOT
FIGURE 02.U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET SEGMENTATION
FIGURE 03.PRICING ANALYSIS, BY APPLICATION, 2022-2031
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.MODERATE BARGAINING POWER OF BUYERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.HIGH COMPETITIVE RIVALRY
FIGURE 09.U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET DYNAMICS
FIGURE 10.VALUE CHAIN ANALYSIS
FIGURE 11.U.S. EXTRUDED POLYSTYRENE INSULATION MATERIAL MARKET, BY APPLICATION, 2021 & 2031 ($MILILION)
FIGURE 12.COMPARATIVE ANALYSIS OF U.S. EXTRUDED POLYSTYRENE INSULATION MATERIAL MARKET FOR RESIDENTIAL CONSTRUCTION, BY REGION, 2021 & 2031 ($MILLION)
FIGURE 13.COMPARATIVE ANALYSIS OF U.S. EXTRUDED POLYSTYRENE INSULATION MATERIAL MARKET FOR NON-RESIDENTIAL CONSTRUCTION, BY REGION, 2021 & 2031 ($MILLION)
FIGURE 14.U.S. EXTRUDED POLYSTYRENE (XPS) INSULATION MATERIAL MARKET, BY REGION, 2021 & 2031 ($MILILION)
FIGURE 15.TOP WINNING STRATEGIES, BY YEAR, 2020-2022*
FIGURE 16.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2020-2022*
FIGURE 17.TOP WINNING STRATEGIES, BY COMPANY, 2020-2022*
FIGURE 18.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 19.COMPETITIVE HEATMAP: U.S. EXTRUDED POLYSTYRENE INSULATION MATERIALS MARKET
FIGURE 20.TOP PLAYER POSITIONING, 2021
FIGURE 21.DUPONT: NET SALE, 2020-2022 ($MILLION)
FIGURE 22.DUPONT: SALES SHARE BY REGION, 2022 (%)
FIGURE 23.DUPONT: SALES SHARE BY SEGMENT, 2022 (%)
FIGURE 24.OWENS CORNING: NET SALES, 2020-2022 ($MILLION)
FIGURE 25.OWENS CORNING: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 26.MORGAN ADVANCED MATERIALS PLC.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 27.MORGAN ADVANCED MATERIALS PLC.: RESEARCH AND DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 28.MORGAN ADVANCED MATERIALS PLC.: SALES SHARE BY REGION, 2021 (%)
FIGURE 29.MORGAN ADVANCED MATERIALS PLC.: SALES SHARE BY SEGMENT, 2021 (%)
FIGURE 30.PACTIV LLC: NET SALES, 2019-2021 ($MILLION)
FIGURE 31.PACTIV LLC: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 32.KINGSPAN GROUP PLC.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 33.KINGSPAN GROUP PLC.: RESEARCH AND DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 34.KINGSPAN GROUP PLC.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 35.KINGSPAN GROUP PLC.: REVENUE SHARE BY REGION, 2021 (%)