Global Polyisocyanurate Insulation Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Polyisocyanurate Insulation Market was worth US$ 12,085.6 Mn and is expected to grow at a CAGR of 5.8% over the forecast period. While the historical CAGR is 5.2%, the market is expected to hit US$ 21,238.6 Mn by 2032 end.
Closed-cell foam insulation called polyisocyanurate may be used more frequently for wall and roof assemblies in residential and commercial sectors. Isocyanurate and polyol, two fundamental liquid chemicals, are mixed with a catalyst, a blowing agent, flame retardants, and perhaps other agents to form it. The results could have the best thermal insulating properties compared to commercially available materials. The use of polyisocyanurate insulation for acoustic, thermal, and hybrid purposes is growing in popularity across various end uses.
EXPANDING EFFORTS TO USE ENVIRONMENTALLY FRIENDLY INSULATION MATERIALS INCREASING DEMAND FOR POLYISOCYANURATE INSULATION
polyisocyanurate insulation has no ozone depletion potential and low global warming potential. Since polyisocyanurate insulation may be reused and complies with current continuous insulation criteria, it can be considered a recyclable product. As a result, polyisocyanurate insulation is regarded as a modern choice for insulation, especially in applications related to architecture and construction.
Environmentally friendly insulating materials are already being produced and commercialized in large quantities because of improved manufacturing processes. As a result, it is projected that the market for natural and eco-friendly insulation will be quite lucrative throughout the projection period.
Market Segments Covered in Report
By Region and Country:
Which type of polyisocyanurate insulation is expected to witness a considerable growth?
The highest R-value per inch, ranging from R 5.5 to R 8, is often achieved by polyisocyanurate foam among all commercial insulation products. Because of its low density and lightweight, it can be used to build thinner walls without sacrificing strength.
More than 75.1% of flat roof building today favors polyisocyanurate foam insulation. The material behaves consistently over a large temperature range (-100°F to +250°F). The market is projected to be around US$ 15,335.2 Mn.
Which End Use Industry will be a significant consumer of polyisocyanurate insulation over the forecast period?
Polyisocyanurate insulation is widely used in building & construction assembly for all business and residential structures. Builders, architects, contractors, and owners favor polyisocyanurate insulation because of its many advantages and distinctive qualities.
Building & construction, which accounts for 72.2% of end users, is anticipated to dominate the market during the projected period and rise at a CAGR of 6.5% to reach US$ 14,047.5 Mn in value.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
The leading manufacturers are concentrating on expanding their market presence, and it is projected that the worldwide polyisocyanurate insulation market will be moderately consolidated. These players’ primary approach is diversifying their manufacturing and sales networks throughout numerous regions. The main businesses are concentrating on research and development to create cutting-edge products and technology and increase the product’s uses.
The key developments in the Global Polyisocyanurate Insulation Market are:
A list of some of the key suppliers present in the market are:
Global Polyisocyanurate Insulation Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Application, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.8%.
Polyisocyanurate insulation has no ozone depletion potential and low global warming potential. Since Polyisocyanurate insulation may be reused and complies with current continuous insulation criteria, it can be considered a recyclable product.
Key Global Polyisocyanurate Insulation Market players are BASF SE, DowDuPont Inc., Owens Corning Insulating Systems, LLC, SAINT-GOBAIN, Kingspan Group plc, Honeywell International Inc., Johns Manville Corporation, Stepan Company, IKO Industries Ltd., Soprema Group, Knauf Insulation, Atlas Roofing Corporation, Rmax Operating LLC, GAF Materials Corporation, Carlisle SynTec System, Hunter Panels
North America is expected to account for the largest market revenue share in the Global Polyisocyanurate Insulation Market.
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