Global Foam Insulation Market to reach a valuation of US$ 60.7 Billion by 2034 | Future Market Insights, Inc. [Yahoo! Finance]
COMPAGNIE ST GBN UNSP/ADR (CODYY)
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Source: Yahoo! Finance
The country experiences continuous growth in residential construction, driven by factors such as population growth, urbanization, and economic expansion. Foam insulation is widely used in new residential construction projects to provide effective thermal insulation, soundproofing, and moisture management solutions. NEWARK, Del, April 03, 2024 (GLOBE NEWSWIRE) -- The global foam insulation market is anticipated to reach a valuation of US$ 32.6 Billion in 2024, driven by expansion of cold chain logistics. The trend is expected to create new opportunities for the market, leading to a projected CAGR of between 2024 and 2034, and reaching a total valuation of approximately US$ 60.7 Billion by 2034. There is a growing demand for foam insulation materials for soundproofing and acoustic insulation applications. There is a rising need to mitigate noise transmission in residential, commercial, and industrial buildings, as urbanization and noise pollution increase. Consumers and businesses
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