Rigid Polyurethane Foam Market Size, Trends and Insights By Type (Flexible-faced, Rigid-faced, Others), By Application (Insulation, Construction, Appliances, Automotive, Others), By End-User (Building & Construction, Appliances, Automotive, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI35596

Published Date: December 2023

Pages: 320+

Category: Chemicals And Materials

Report Snapshot

CAGR: 7.9%
45.09B
2022
47.82B
2023
79.15B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • BASF SE
  • DowDuPont Inc.
  • Covestro AG
  • Huntsman Corporation
  • Recticel NV/SA
  • Others

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Reports Description

The Global Rigid Polyurethane Foam Market is anticipated to witness significant growth from 2023 to 2032, fueled by factors such as the increasing demand for energy-efficient insulation materials, growth in the construction industry, and advancements in manufacturing processes.

The market is expected to achieve a Compound Annual Growth Rate (CAGR) of approximately 7.9% during this period. In 2023, the market is estimated to be valued at USD 47.82 Billion, and it is projected to reach USD 79.15 Billion by 2032.

Rigid polyurethane foam serves as a versatile material with applications in insulation, construction, and various industries.

The market’s growth is influenced by several factors, including:

  • Energy Efficiency Imperatives: Rigid polyurethane foam is widely recognized for its excellent thermal insulation properties. As energy efficiency becomes a critical consideration in building and construction, the demand for materials that contribute to better insulation and reduced energy consumption rises, driving the adoption of rigid polyurethane foam.
  • Construction Industry Expansion: The growth of the global construction industry is a major driver for the rigid polyurethane foam market. The material is extensively used in construction for applications such as insulation and structural support. With increasing construction activities, especially in residential and commercial sectors, the demand for rigid polyurethane foam is expected to rise significantly.
  • Appliances Sector Growth: Rigid polyurethane foam is a preferred choice for insulation in appliances such as refrigerators and freezers. As the appliances sector experiences growth and consumers prioritize energy-efficient products, the demand for rigid polyurethane foam in this sector is expected to increase.
  • Automotive Applications: In the automotive industry, where lightweight materials are essential for fuel efficiency, rigid polyurethane foam finds applications in various components. Its favorable strength-to-weight ratio makes it suitable for automotive insulation and lightweight, contributing to the growth in demand.
  • Global Environmental Regulations: Stringent environmental regulations and a growing emphasis on sustainable practices are driving the demand for eco-friendly insulation materials. Rigid polyurethane foam manufacturers are focusing on developing formulations that align with regulatory requirements, meeting the market’s demand for environmentally friendly solutions.
  • Technological Innovations: Ongoing research and development efforts aim to enhance the performance and properties of rigid polyurethane foam. Innovations in formulation and manufacturing processes are geared toward addressing specific application requirements, improving overall product efficiency, and staying ahead in a competitive market.
  • Market Expansion in Emerging Economies: The expansion of construction and manufacturing activities in emerging economies contributes significantly to the growth of the rigid polyurethane foam market. Increased urbanization, infrastructure development, and a rising focus on energy-efficient solutions drive the demand in these regions.
  • Collaborations and Partnerships: Collaborations between rigid polyurethane foam manufacturers, construction companies, and research institutions drive innovation. These partnerships lead to the development of tailored solutions that meet the evolving needs of diverse industries, fostering market growth.
  • Consumer Awareness and Preferences: Growing awareness among consumers regarding the benefits of energy-efficient and sustainable materials influences purchasing decisions. Rigid polyurethane foam, with its insulation and environmental advantages, aligns well with consumer preferences for green and energy-efficient products.
  • Market Consolidation: Intense competition among key players in the rigid polyurethane foam market, coupled with market consolidation through mergers and acquisitions, fosters innovation. This trend enhances product portfolios, strengthens market presence, and encourages technological advancements.

Global Rigid Polyurethane Foam Market – Mergers and Acquisitions

  • DowDuPont’s Acquisition of Icynene-Lapolla (2019): DowDuPont, a global materials science company, acquired Icynene-Lapolla, a leading manufacturer and distributor of spray polyurethane foam insulation systems. The acquisition aimed to strengthen DowDuPont’s position in the insulation market and expand its product offerings.
  • BASF’s Collaboration with Foam Supplies, Inc. (2021): BASF SE, a prominent chemical company, collaborated with Foam Supplies, Inc., a leading polyurethane systems supplier. The partnership focused on developing innovative polyurethane foam solutions with a particular emphasis on sustainable and eco-friendly formulations.
  • Covestro’s Strategic Partnership with Eurofoam Group (2022): Covestro AG, a major player in the polymer industry, entered into a strategic partnership with Eurofoam Group, a leading manufacturer of polyurethane foam products. The collaboration aimed to drive innovation in the field of rigid polyurethane foam, focusing on sustainability and performance.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Rigid PolyurethaneMarket Polysaccharides Products Market Pinatex Fiber Market
CAGR 7.9% (Approx) CAGR 7% (Approx) CAGR 6.2% (Approx)
USD 79.15 Billion by 2032 USD 265.1 Billion by 2032 USD 147.4 Million by 2032

Challenges Impacting the Rigid Polyurethane Foam Market:

  • Raw Material Price Volatility: Fluctuations in the prices of raw materials used in rigid polyurethane foam production can impact manufacturing costs, posing challenges for market players.
  • Regulatory Compliance: Adherence to evolving environmental and safety regulations requires continuous adjustments to formulations and manufacturing processes, contributing to compliance challenges.
  • Competition from Alternative Materials: Rigid polyurethane foam faces competition from alternative insulation materials, such as fiberglass and mineral wool, which may impact market share.
  • Global Economic Uncertainties: Economic uncertainties and geopolitical factors can influence construction and manufacturing activities, impacting the demand for rigid polyurethane foam.
  • Technological Disruptions: Rapid advancements in alternative insulation technologies and materials pose challenges for rigid polyurethane foam manufacturers, necessitating continuous innovation.
  • Recycling and End-of-Life Considerations: The recyclability and end-of-life considerations of rigid polyurethane foam present challenges, prompting the industry to explore sustainable disposal and recycling solutions.
  • Supply Chain Disruptions: Disruptions in the global supply chain, whether due to geopolitical tensions, natural disasters, or other unforeseen events, can impact the availability of critical materials for rigid polyurethane foam production.
  • Quality Assurance and Standards: Ensuring product quality and compliance with industry standards is an ongoing challenge, requiring rigorous testing and quality assurance measures.
  • Consumer Perception and Education: Educating consumers about the benefits of rigid polyurethane foam and dispelling misconceptions is crucial for market expansion and acceptance.
  • Market Consolidation Pressures: Intense competition and market consolidation may exert pressure on smaller players, emphasizing the need for differentiation and innovation.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 47.82 Billion
Projected Market Size in 2032 USD 79.15 Billion
Market Size in 2022 USD 45.09 Billion
CAGR Growth Rate 7.9% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Application, End-User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Segmentation Analysis of the Rigid Polyurethane Foam Market:

Type:

  • Flexible-faced: Rigid polyurethane foam with flexible-facing materials for specific applications.
  • Rigid-faced: Rigid polyurethane foam with rigid-facing materials for structural and insulation purposes.
  • Others: Diverse types of rigid polyurethane foam formulations, including specialty applications.

Global Rigid Polyurethane Foam Market 2023–2032 (By Billion)

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Application:

  • Insulation: Rigid polyurethane foam serves as a primary material for thermal and acoustic insulation.
  • Construction: Widely used in construction for insulation, structural support, and energy efficiency.
  • Appliances: Applied in appliances for thermal insulation, contributing to energy efficiency.
  • Automotive: Used in automotive applications for lightweight and insulation purposes.
  • Others: Various applications, including industrial and consumer goods, utilizing rigid polyurethane foam.

End-User:

  • Building & Construction: Rigid polyurethane foam finds extensive use in building and construction for insulation and structural applications.
  • Appliances: Utilized in appliances for thermal insulation, contributing to energy efficiency.
  • Automotive: Applied in the automotive industry for lightweight and insulation purposes.
  • Others: Diverse end-users, including industrial applications and consumer goods.

Global Rigid Polyurethane Foam Market 2023–2032 (By Type)

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Rigid Polyurethane Foam Market – Regional Analysis:

North America:

  • North America, particularly the United States, is a significant market for rigid polyurethane foam, driven by the construction industry’s growth and demand for energy-efficient insulation.
  • Innovation and research initiatives in the region contribute to advancements in rigid polyurethane foam technologies.

Key Factors:

  • Stringent building codes emphasize energy efficiency.
  • Collaborations between manufacturers and research institutions.
  • Demand for eco-friendly insulation materials.

Market Outlook:

  • The North American rigid polyurethane foam market is poised for steady growth, fueled by construction activities and the adoption of energy-efficient building solutions.

Europe:

  • Europe, with a focus on sustainable construction practices, witnesses a robust demand for rigid polyurethane foam in the building and automotive sectors.
  • Regulatory support for energy-efficient materials influences market trends.

Key Factors:

  • Implementation of sustainable building practices.
  • Collaborations between manufacturers and academic institutions.
  • Adoption of stringent environmental standards.

Market Outlook:

  • The European rigid polyurethane foam market is expected to experience growth, supported by sustainable construction initiatives and increased automotive applications.

Asia-Pacific:

  • Asia-Pacific, including China, India, and Japan, is a major consumer of rigid polyurethane foam, driven by rapid urbanization and infrastructure development.
  • Growth in the construction sector and increased awareness of energy efficiency contribute to market expansion.

Key Factors:

  • Urbanization and infrastructure development initiatives.
  • Government incentives for energy-efficient construction.
  • Investments in research and development.

Market Outlook:

Latin America:

  • Latin America experiences a growing demand for rigid polyurethane foam in construction and consumer goods, driven by economic development and urbanization.
  • Efforts to attract investments in manufacturing contribute to market growth.

Key Factors:

  • Economic growth in construction and consumer sectors.
  • Initiatives to attract foreign investments in manufacturing.
  • Collaboration with global manufacturers.

Market Outlook:

  • Latin America is expected to witness increasing adoption of rigid polyurethane foam, supported by economic growth and infrastructure development.

Middle East and Africa:

  • The Middle East and Africa are gradually incorporating rigid polyurethane foam in construction and industrial applications, driven by infrastructure projects and economic diversification.
  • Government initiatives to promote sustainable practices impact market trends.

Key Factors:

  • Investments in infrastructure development.
  • Government-led initiatives for sustainability.
  • Growing demand for energy-efficient materials.

Market Outlook:

  • The Middle East and Africa are expected to experience gradual growth in the rigid polyurethane foam market, supported by infrastructure investments and sustainability efforts.

Global Rigid Polyurethane Foam Market 2023–2032 (By End-User)

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List of the prominent players in the Rigid Polyurethane Foam Market:

  • BASF SE
  • DowDuPont Inc.
  • Covestro AG
  • Huntsman Corporation
  • Recticel NV/SA
  • Sekisui Chemical Co. Ltd.
  • Rogers Corporation
  • Kingspan Group PLC
  • Armacell International S.A.
  • Evonik Industries AG
  • Foam Supplies Inc.
  • Icynene-Lapolla
  • Saint-Gobain Performance Plastics Corporation
  • Eurofoam Group
  • Johns Manville Corporation
  • Others

The Rigid Polyurethane Foam Market is segmented as follows:

By Type

  • Flexible-faced
  • Rigid-faced
  • Others

By Application

  • Insulation
  • Construction
  • Appliances
  • Automotive
  • Others

By End-User

  • Building & Construction
  • Appliances
  • Automotive
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Rigid Polyurethane Foam Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Rigid Polyurethane Foam Market: snapshot
  • Chapter 3. Global Rigid Polyurethane Foam Market – Industry Analysis
    • 3.1 Rigid Polyurethane Foam Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Energy Efficiency Imperatives
      • 3.2.2 Construction Industry Expansion
      • 3.2.3 Appliances Sector Growth
      • 3.2.4 Automotive Applications
      • 3.2.5 Global Environmental Regulations
      • 3.2.6 Technological Innovations
      • 3.2.7 Market Expansion in Emerging Economies
      • 3.2.8 Collaborations and Partnerships
      • 3.2.9 Consumer Awareness and Preferences
      • 3.2.10 Market Consolidation.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By End-User
  • Chapter 4. Global Rigid Polyurethane Foam Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Rigid Polyurethane Foam Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Rigid Polyurethane Foam Market – Type Analysis
    • 5.1 Global Rigid Polyurethane Foam Market Overview: By Type
      • 5.1.1 Global Rigid Polyurethane Foam Market Share, By Type, 2022 and 2032
    • 5.2 Flexible-faced
      • 5.2.1 Global Rigid Polyurethane Foam Market by Flexible-faced, 2023 – 2032 (USD Billion)
    • 5.3 Rigid-faced
      • 5.3.1 Global Rigid Polyurethane Foam Market by Rigid-faced, 2023 – 2032 (USD Billion)
    • 5.4 Others
      • 5.4.1 Global Rigid Polyurethane Foam Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Rigid Polyurethane Foam Market – Application Analysis
    • 6.1 Global Rigid Polyurethane Foam Market Overview: By Application
      • 6.1.1 Global Rigid Polyurethane Foam Market Share, By Application, 2022 and 2032
    • 6.2 Insulation
      • 6.2.1 Global Rigid Polyurethane Foam Market by Insulation, 2023 – 2032 (USD Billion)
    • 6.3 Construction
      • 6.3.1 Global Rigid Polyurethane Foam Market by Construction, 2023 – 2032 (USD Billion)
    • 6.4 Appliances
      • 6.4.1 Global Rigid Polyurethane Foam Market by Appliances, 2023 – 2032 (USD Billion)
    • 6.5 Automotive
      • 6.5.1 Global Rigid Polyurethane Foam Market by Automotive, 2023 – 2032 (USD Billion)
    • 6.6 Others
      • 6.6.1 Global Rigid Polyurethane Foam Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Rigid Polyurethane Foam Market – End-User Analysis
    • 7.1 Global Rigid Polyurethane Foam Market Overview: By End-User
      • 7.1.1 Global Rigid Polyurethane Foam Market Share, By End-User, 2022 and 2032
    • 7.2 Building & Construction
      • 7.2.1 Global Rigid Polyurethane Foam Market by Building & Construction, 2023 – 2032 (USD Billion)
    • 7.3 Appliances
      • 7.3.1 Global Rigid Polyurethane Foam Market by Appliances, 2023 – 2032 (USD Billion)
    • 7.4 Automotive
      • 7.4.1 Global Rigid Polyurethane Foam Market by Automotive, 2023 – 2032 (USD Billion)
    • 7.5 Others
      • 7.5.1 Global Rigid Polyurethane Foam Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 8. Rigid Polyurethane Foam Market – Regional Analysis
    • 8.1 Global Rigid Polyurethane Foam Market Regional Overview
    • 8.2 Global Rigid Polyurethane Foam Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Rigid Polyurethane Foam Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Rigid Polyurethane Foam Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Rigid Polyurethane Foam Market, by Type, 2023 – 2032
      • 8.4.1 North America Rigid Polyurethane Foam Market, by Type, 2023 – 2032 (USD Billion)
    • 8.5 North America Rigid Polyurethane Foam Market, by Application, 2023 – 2032
      • 8.5.1 North America Rigid Polyurethane Foam Market, by Application, 2023 – 2032 (USD Billion)
    • 8.6 North America Rigid Polyurethane Foam Market, by End-User, 2023 – 2032
      • 8.6.1 North America Rigid Polyurethane Foam Market, by End-User, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Rigid Polyurethane Foam Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Rigid Polyurethane Foam Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Rigid Polyurethane Foam Market, by Type, 2023 – 2032
      • 8.8.1 Europe Rigid Polyurethane Foam Market, by Type, 2023 – 2032 (USD Billion)
    • 8.9 Europe Rigid Polyurethane Foam Market, by Application, 2023 – 2032
      • 8.9.1 Europe Rigid Polyurethane Foam Market, by Application, 2023 – 2032 (USD Billion)
    • 8.10 Europe Rigid Polyurethane Foam Market, by End-User, 2023 – 2032
      • 8.10.1 Europe Rigid Polyurethane Foam Market, by End-User, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Rigid Polyurethane Foam Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Rigid Polyurethane Foam Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Rigid Polyurethane Foam Market, by Type, 2023 – 2032
      • 8.12.1 Asia Pacific Rigid Polyurethane Foam Market, by Type, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Rigid Polyurethane Foam Market, by Application, 2023 – 2032
      • 8.13.1 Asia Pacific Rigid Polyurethane Foam Market, by Application, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Rigid Polyurethane Foam Market, by End-User, 2023 – 2032
      • 8.14.1 Asia Pacific Rigid Polyurethane Foam Market, by End-User, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Rigid Polyurethane Foam Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Rigid Polyurethane Foam Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Rigid Polyurethane Foam Market, by Type, 2023 – 2032
      • 8.16.1 Latin America Rigid Polyurethane Foam Market, by Type, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Rigid Polyurethane Foam Market, by Application, 2023 – 2032
      • 8.17.1 Latin America Rigid Polyurethane Foam Market, by Application, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Rigid Polyurethane Foam Market, by End-User, 2023 – 2032
      • 8.18.1 Latin America Rigid Polyurethane Foam Market, by End-User, 2023 – 2032 (USD Billion)
    • 8.19. The Middle East and Africa
      • 8.19.1 The Middle-East and Africa Rigid Polyurethane Foam Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Rigid Polyurethane Foam Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Rigid Polyurethane Foam Market, by Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Rigid Polyurethane Foam Market, by Type, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Rigid Polyurethane Foam Market, by Application, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Rigid Polyurethane Foam Market, by Application, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Rigid Polyurethane Foam Market, by End-User, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Rigid Polyurethane Foam Market, by End-User, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 BASF SE
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 DowDuPont Inc.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Covestro AG
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Huntsman Corporation
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Recticel NV/SA
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Sekisui Chemical Co. Ltd.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Rogers Corporation
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Kingspan Group PLC
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Armacell International S.A.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Evonik Industries AG
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Foam Supplies Inc.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Icynene-Lapolla
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Saint-Gobain Performance Plastics Corporation
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Eurofoam Group
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Johns Manville Corporation
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 28

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • BASF SE
  • DowDuPont Inc.
  • Covestro AG
  • Huntsman Corporation
  • Recticel NV/SA
  • Sekisui Chemical Co. Ltd.
  • Rogers Corporation
  • Kingspan Group PLC
  • Armacell International S.A.
  • Evonik Industries AG
  • Foam Supplies Inc.
  • Icynene-Lapolla
  • Saint-Gobain Performance Plastics Corporation
  • Eurofoam Group
  • Johns Manville Corporation
  • Others

FAQs

The key factors driving the Market are Energy Efficiency Imperatives, Construction Industry Expansion, Appliances Sector Growth, Automotive Applications, Global Environmental Regulations, Technological Innovations, Market Expansion in Emerging Economies, Collaborations and Partnerships, Consumer Awareness and Preferences And Market Consolidation.

The “Flexible-faced” category dominated the market in 2022.

The key players in the market are BASF SE, DowDuPont Inc., Covestro AG, Huntsman Corporation, Recticel NV/SA, Sekisui Chemical Co. Ltd., Rogers Corporation, Kingspan Group PLC, Armacell International S.A., Evonik Industries AG, Foam Supplies Inc., Icynene-Lapolla, Saint-Gobain Performance Plastics Corporation, Eurofoam Group, Johns Manville Corporation, Others.

“North America” had the largest share in the Rigid Polyurethane Foam Market.

The global market is projected to grow at a CAGR of 7.9% during the forecast period, 2023-2032.

The Rigid Polyurethane Foam Market size was valued at USD 47.82 Billion in 2023.

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