Rigid Polyurethane Foam Market: Unique Combination of Properties Stoke Demand in Various Industrial Applications

global rigid polyurethane foam market

The global rigid polyurethane foam market features a fragmented landscape with a marked presence of regional, local, and established players. Some of the leading players operating in the market are Rockwoll International A/S., Owens Corning, Kingspan Group plc, ISOTHANE Ltd., Huntsman Corporation, DuPont, DUNA CORRADINI S.p.A, BASF SE, and Covestro, finds Transparency Market Research (TMR).

The is projected to rise at a CAGR of 6.0% from 2017 to 2025. The market stood at US$15.2 bn in 2016 and is anticipated to reach a worth of US$25.5 bn, vis-à-vis revenue, by the end of the forecast period.

The various end use areas are automotive, building and construction, and appliances. Of these, the building and construction led the overall market in terms of revenue and volume in 2016. The growth of the market can be attributed to the vast demand for rigid polyurethane foam in various forms in commercial spaces, factories, power stations, retail stores, warehouses, public institutions, cold stores, and telecom shelters. The various regional markets for rigid polyurethane foam in the North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Of these, Asia Pacific accounted for the leading share of the global market in 2016 and is expected to retain its dominance throughout the forecast period.

Demand for Cost-effective Insulation Materials Leads to Widespread Adoption

The rising demand for rigid polyurethane foams as insulation materials for roofs and walls in a variety of forms is a key factor driving the market. This is attributed to a combination of unique properties, such as durability, stability, energy-efficiency,    and high thermal and mechanical performance. The pressing need for reducing heating and cooling costs has bolstered the demand for rigid polyurethane foams as construction materials in homes and commercial buildings. In addition, it reduces the cost of installation, with a positive rate of return. The unique combination of properties enables engineers to utilize rigid polyurethane foams to build thinner walls with higher space utilization, thereby maximizing the commercial value of these construction materials.

Get PDF Research Report Sample for more Industry Insights: 

In addition, the presence of oil-based waterproofing doesn’t affect the performance of these polyurethane foams. On account of a number of unique properties, polyurethane foams are widely used in making insulation boards and blocks. In addition, their easy fitting ability and versatility of applications make them preferable to other insulation materials used in building and construction industry.

The large number of diverse applications drives the demand for rigid polyurethane foams. The availability of materials in diverse forms is a key factor boosting the demand in the building and the construction industry. Furthermore, the rising application of rigid polyurethane foams as thermal insulation material to act as refrigerated containers for rail and road transport boost their demand in the automotive industry in various developing and developed nations.

Numerous Environmental Benefits Boost Demand

The use of rigid polyurethane foams to maintain uniform temperatures at homes is a key factor boosting the market. This leads to vast energy savings and better energy efficiency of the roofing and walls. These functional properties bolster their demand in cold countries, characterized by marked difference in inside and outside temperatures. In addition, the use of rigid polyurethane foams reduces the need for additional mechanical heating and cooling equipment required at homes in these countries. Furthermore, their use as construction materials reduces the overall cost of building and construction, stoking their demand in emerging economies.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Rigid Polyurethane Foam Market (End User – Automotive, Building and Construction, and Appliances) – Global Industry Analysis, Size, Share, Growth Trends & Forecasts 2017–2025.”

Posted in

Ganesh Rajput

As one of the lead news writers on CMFE News, Ganesh’s specialization lies in the science and technology domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Ganesh’s take on the impact of digital technologies across the science, technology, and business domains gives his writing a fresh and modern outlook.

Leave a Reply