Polyisocyanurate Insulation Market to reach $19,030.6 million by the end of 2028

With the changing global scenario in terms of energy saving initiatives, innovations and advancements in insulation technology, the global polyisocyanurate insulation market is likely to undergo major changes in the coming years. The growth of the building and construction industry is expected to have a positive impact on the growth of the polyisocyanurate insulation market.

Future Market Insights predicts that the demand for polyisocyanurate insulation is expected to grow at a robust CAGR of 6.1% in terms of value during the forecast period, 2022-2028. Additionally, the valuation of polyisocyanurate insulation is expected to reach US$19,030.6 million by the end of 2028, according to the report. Rising awareness and importance of energy saving is the major driver, positively impacting the growth of the polyisocyanurate insulation market.

The foam/rigid board type insulation is expected to dominate the polyisocyanurate insulation market in North America and the spray type to gain traction due to its ease of processing and application in wall assemblies. Growth in North America will be mainly driven by the development of innovative products and the adoption of new regulations.

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Various benefits that make polyisocyanurate insulation popular in the commercial and residential construction markets

The application of polyisocyanurate insulation includes cold stores, private offices, medical buildings, airports and other industries that require insulation materials.

Consumers are increasingly adopting energy sources for energy efficient outcomes and moving towards sustainability, further driving the adoption of polyisocyanurate insulation materials across industry verticals. Considered stable over a wide temperature range, builders are increasingly using lightweight polyisocyanurate insulation materials for conventional roof and wall assemblies.

More importantly, sales of polyisocyanurate insulation materials are increasing significantly considering key environmental friendly aspects such as being a CFC, HCFC, HFC free blowing agent as well as potential for depletion of zero ozone layer.

Polyisocyanurate insulation is used in over 70% of commercial and residential markets for wall and roof applications. The construction industry is under immense pressure to achieve increasing levels of energy performance and minimize the environmental impact associated with increased energy consumption.

Intensified Demand for Efficient Cold Chain Operations to Fuel Polyisocyanurate Insulation Sales

Nearly $750 billion in wasted or lost food puts global trade agencies in dire straits every year. Since most of these losses come from poor cold chain supply networks as well as lack of trained personnel involved in storage and transportation, a large demand for refrigerated trucks and carriers with effective insulation is expected to drive to the adoption of polyisocyanurate insulation.

Global trade associations and organizations are focusing on developing a robust global cold chain network through an improved regulatory framework, encouraging investment in the development of efficient cold chain networks, using insulation material polyisocyanurate in the refrigerated freight services market.

Sales of environmentally friendly and energy-efficient polyisocyanurate insulation products are expected to increase through 2028

Recyclable and compliant with new insulation standards, polyisocyanurate insulation has virtually no global warming potential and no ozone depletion potential, making it a widely used environmentally friendly insulation material with very interesting growth prospects in the years to come. In addition, a series of initiatives have been taken by governments with the aim of reducing CO2 emissions.

Growing public awareness about climate change has proliferated the need for renewable energy systems and energy waste reduction initiatives. This growing public awareness has also resulted in immense opportunities for manufacturers to develop high performance insulation products.

The use of polyisocyanurate insulation would directly contribute to initiatives associated with energy conservation, potentially mitigating the effects of global warming.

The development of innovative products to improve efficiency, the expansion of production capacity to meet the growing demand for polyisocyanurate insulation in niche applications, and other feasibility studies associated with strengthening the distribution network to maintain adequate supply of Polyisocyanurate Insulators are some of the key strategies adopted by major players to consolidate their positions in the market.

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Profiled Key Companies

  • BASF SE
  • DowDuPont Inc.
  • Owens Corning Insulation Systems, LLC
  • SAINT GOBAIN
  • Kingspan Group plc
  • Honeywell International Inc.
  • Johns Manville Company
  • Stepan Company
  • IKO Industries Ltd.
  • Soprema Group
  • Knauf insulation
  • Atlas Roofing Corporation
  • Rmax operating LLC
  • GAF Materials Corporation
  • Carlisle SynTec Systems
  • hunter signs

Competitive landscape

The global polyisocyanurate insulation industry is expected to be quite consolidated with major manufacturers focusing on increasing their footprint in the market. The key strategy of these players is to expand their sales and manufacturing network across multiple regions.

The major players are focusing on investing in research and development to develop innovative technologies and products and to expand product applications.

Learn about FMI’s extensive ongoing coverage in chemicals and materials

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About the IGF

Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

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