Rigid Polyurethane Foams Market
Rigid Polyurethane Foams Market

Report ID: SQMIG15A2635

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Rigid Polyurethane Foams Market Size, Share, and Growth Analysis

Rigid Polyurethane Foams Market

Rigid Polyurethane Foams Market By Product Type (Slabstock, Molded), By Raw Material (Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI)), By Application (Building & Construction, Appliances), By Sales Channel (Direct Sales (B2B), Distributors & Wholesalers), By Region - Industry Forecast 2026-2033


Report ID: SQMIG15A2635 | Region: Global | Published Date: January, 2026
Pages: 196 |Tables: 117 |Figures: 69

Format - word format excel data power point presentation

Rigid Polyurethane Foams Market Insights

Global Rigid Polyurethane Foams Market size was valued at USD 2.7 Billion in 2024 and is poised to grow from USD 2.91 Billion in 2025 to USD 5.3 Billion by 2033, growing at a CAGR of 7.8% during the forecast period (2026–2033). 

Rigid polyurethane foams are best known for their thermal insulation at high temperatures, dimensional stability, and strength-to-weight ratio, which have made them popular with building insulation, refrigeration, automotive, and industrial uses. Construction led in the end-use market in 2024 due to increased energy-efficient building demand that spurred widespread use in wall insulation, roofing, and prefabricated panels. Equipment manufacturers were significant contributors, filling refrigerators, freezers, and HVAC products with rigid foams to meet energy-labeling standards and environmental regulations. Regulatory policies supporting market growth include limitations on greenhouse gases and energy efficiency programs, especially in Europe and North America. The Asia-Pacific region, driven by China and India, continued to post strong consumer demand due to high urbanization, industrialization, and government promotion of green building. But extremely volatile isocyanate and polyol feedstock prices create cost pressures, as do environmental issues surrounding petrochemical reliance. There is a reaction among manufacturers through investments in bio-based polyols, low-global-warming-potential blowing agents, and recycling technology. These technologies, along with global policies on sustainable energy efficiency and insulation, are to provide strong growth momentum for rigid polyurethane foams until 2032.

How Is Artificial Intelligence Enhancing Rigid Polyurethane Foam Production Efficiency?

Artificial Intelligence is transforming the global rigid polyurethane foams market strategies through ease of complex chemical recipes and more control over production. In research and development, machine learning techniques are being applied to forecast end-use performance properties, such as thermal conductivity and fire resistance, of newly produced foam formulations based on their raw material makeup. It enhances the achievement of greener products such as the use of bio-based polyols. In 2024, one of the world's leading chemical producers revealed it was employing an AI platform to scan for new bio-based raw materials, and development time was greatly decreased. In production, especially for spray foam applications, robotic systems controlled by AI are utilized to achieve a precise and consistent thickness of application, which provides the highest thermal efficiency of the insulation and lowest material waste. Predictive maintenance is also done with AI on manufacturing machinery such as mixing heads and pumps to minimize expensive unplanned downtime and enhance overall plant efficiency for manufacturers.

Market snapshot - 2026-2033

Global Market Size

USD 1.76 Billion

Largest Segment

Boardstock/Panels

Fastest Growth

Spray Polyurethane Foam (SPF)

Growth Rate

7.20% CAGR

Global Rigid Polyurethane Foams Market (Bn) 2026-2033
Country Share for North America Region 2025 (%)

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Rigid Polyurethane Foams Market Segments Analysis

Global Rigid Polyurethane Foams Market is segmented by Product Type, Raw Material, Application, Sales Channel and region. Based on Product Type, the market is segmented into Slabstock, Molded, Spray Polyurethane Foam (SPF) and Boardstock/Panels. Based on Raw Material, the market is segmented into Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Polyols. Based on Application, the market is segmented into Building & Construction, Appliances, Automotive and Industrial Insulation and Packaging. Based on Sales Channel, the market is segmented into Direct Sales (B2B) and Distributors & Wholesalers. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.  

Which Product Type Dominates the Rigid Polyurethane Foams Market and Which is the Fastest-Growing?

The largest market share is contributed by the boardstock/panels product line. Rigid polyurethane foam boards and structural insulated panels are primarily used for thermal insulation in the floors, walls, and roofs of residential and commercial buildings. Their superior thermal efficiency (R-value), strength of building, and ease of installation in mass construction work make them an ideal and cornerstone product for building insulation with the highest volume consumption.

The fastest-growing product category is the spray polyurethane foam (SPF) category. The versatility of SPF in providing a smooth, air-leak-free vapor barrier and insulation by directly applying the material to surfaces makes it ideally suited for new building construction and retrofits of existing buildings. Global trend towards energy-saving construction and acquiring the "green building" certifications is driving mass consumption of spray foam due to its high air-sealing effectiveness.

Which App is Leading the Largest Market Segment and Which Does Display the Rapido Crescita?

Construction & building is the largest market segment by a wide margin. The major use of rigid polyurethane foam is as an excellent thermal insulation material. Its extensive application in roof and wall insulation, insulated panels, and as a gap filler-sealant in world building construction accounts for the overwhelming majority of consumption. The ongoing requirement for energy-efficient buildings makes this the largest application.

The appliance segment is evolving most quickly. This growth is driven by increasingly stringent global energy efficiency standards for appliances such as refrigerators and freezers. Companies are using progressively more sophisticated, thinner, and more energy-efficient rigid polyurethane foam insulation to enhance the energy ratings of products without losing valuable interior storage space.

Global Rigid Polyurethane Foams Market By Product Type 2026-2033 (%)

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Rigid Polyurethane Foams Market Regional Insights

How is North America Leading the Rigid Polyurethane Foams Market in 2024?

According to the global rigid polyurethane foams regional forecast, in 2024 North America led the market owing to stringent building energy codes and robust demand from the construction industry. The United States led the consumption while Canada was also a significant contributor. The region's emphasis on building energy efficiency as well as in residential homes and commercial buildings and an enormous cold chain business reaffirmed its leadership role among high-performance insulation products.

Rigid Polyurethane Foams Market in United States

According to the rigid polyurethane foams regional outlook, regional consumption in 2024 was led by the United States, which applied it widely in spray foam insulation for new construction and retrofits. Its strict state-level energy-efficient standards, especially in California and the Northeastern United States, propelled extensive use. Its huge domestic appliance manufacturing sector also utilized rigid foams widely in refrigerators and freezers to qualify for ENERGY STAR standards.

Rigid Polyurethane Foams Market in Canada

As per the rigid polyurethane foams regional analysis, Canada’s market in 2024 was driven by its cold climate, which necessitates high-performance building insulation. Federal and provincial green building initiatives supported the adoption of rigid polyurethane foams in both residential and commercial construction. The country's strong food processing and distribution sector also contributed to demand for cold storage and transportation insulation solutions.

How Is Asia-Pacific Emerging as the Fastest-Growing Hub in 2024?

According to the global rigid polyurethane foams market forecast, Asia-Pacific was the fastest-growing region in 2024, supported by rapid urbanization, a booming construction industry, and the expansion of its appliance manufacturing sector. Japan and South Korea were key markets for high-tech applications. Government incentives for energy-efficient buildings and the expansion of the cold chain infrastructure positioned Asia-Pacific as the most dynamic growth region.

Rigid Polyurethane Foams Market in Japan

According to the rigid polyurethane foams market outlook, Japan’s market in 2024 saw strong demand for high-performance insulation in its advanced construction and electronics industries. Japanese firms were highly interested in buying foams with fine thermal resistance and fire safety characteristics. High emphasis on energy efficiency and manufacturing quality standards facilitated steady demand for high-quality rigid polyurethane foam products across different industries.

Rigid Polyurethane Foams Market in South Korea

As per the rigid polyurethane foams market analysis, demand in South Korea in 2024 came from its appliance production sector, the global leader, which uses rigid foams heavily for freezers and refrigerators. Demand for insulation in new residential and commercial property also came from the country's building sector. Demand came also from a high-efficiency product focus that enabled the application of new rigid foam technology.

How Is Europe Innovating for Sustainability in 2024?

According to the global rigid polyurethane foams industry analysis, Europe held a significant market share in 2024, due to energy efficiency and sustainability under the European Green Deal initiative. Germany, the UK, and France were the market leaders in demand and were taking a growing interest in low-GWP blowing agents and circular economy solutions for recycling foam. High-performance rigid polyurethane foams commanded steady demand on the basis of stringent building insulation requirements throughout the EU.

Rigid Polyurethane Foams Market in Germany

According to the rigid polyurethane foams market trends, Germany’s demand in 2024 was led by its high-quality construction sector and its strong focus on building renovation for energy efficiency. The country's chemical industry is also in the vanguard in developing ever more sustainable polyurethane systems, including those with bio-based polyols, to support its market leadership role as a center of EU innovation.

Rigid Polyurethane Foams Market in United Kingdom

As per the rigid polyurethane foams industry trends, the United Kingdom market in 2024 experienced a consistent demand due to the government program focused on increasing the energy efficiency of the existing residential building stock. The most prevalent application was utilization of rigid foam insulation boards and spray foam retrofitting of older homes that helped the country restrict carbon emissions from buildings.

Rigid Polyurethane Foams Market in France

As per the rigid polyurethane foams industry, the French market in 2024 was driven by strict regulation to encourage new and refurbished building thermal insulation. The reduction of energy usage in the building industry motivated continuous demand for energy-efficient building insulation products such as rigid polyurethane foams for extensive residential and commercial constructions.

Global Rigid Polyurethane Foams Market By Geography, 2026-2033
  • Largest
  • Fastest

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Rigid Polyurethane Foams Market Dynamics

Rigid Polyurethane Foams Market Drivers

Increasing Strict Building Energy Efficiency Laws

  • National governments worldwide are enacting more stringent building codes and energy efficiency measures to restrict carbon emissions from heating and cooling. Such a high thermal insulation rigid polyurethane foam is an enabling material that makes it possible to achieve such requirements. In 2024, new energy codes in several regions boosted demand for high-performance insulation. These energy efficiency mandates are a primary factor driving the global rigid polyurethane foams market revenue.

Expansion of the Global Cold Chain and Refrigeration Sector

  • The growing global demand for refrigerated storage and transportation for food and pharmaceuticals is a major driver. Rigid polyurethane foam is the primary insulation used in refrigerators, freezers, and refrigerated trucks and containers due to its thermal efficiency. The cold storage warehouses in the Asia-Pacific region had gigantic investments in 2024. These development initiatives in the cold chain directly contribute to influencing the overall global rigid polyurethane foams market growth.

Rigid Polyurethane Foams Market Restraints

Price Volatility in MDI and Polyols

  • Cost of rigid polyurethane foam production is strongly correlated with the cost of its two key chemical raw materials, petrochemical-based MDI and polyols. Raw material price volatility can materially affect foam manufacturers' profit margins. Supply chain disruptions in 2024 led to massive MDI and polyol price fluctuations. This raw material price volatility continues to limit the growth of the global rigid polyurethane foams market share.

Environmental and Health Issues for Raw Materials

  • Raw materials utilized during the production of polyurethane foams, specifically isocyanates such as MDI, constitute workplace hazards if not treated with caution. There are also environmental legislations that exist for blowing agents used in foam production. Legislation in 2024 further phased out high-GWP hydrofluorocarbon (HFC) blowing agents. The health and environmental regulation represent a substantial entry barrier in certain applications.

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Rigid Polyurethane Foams Market Competitive Landscape

The global rigid polyurethane foams market statistics in 2024's competitive landscape are dominated by some large, vertically integrated chemical giants who dominate the manufacture of the large raw materials. Major players such as BASF, Covestro, Dow, and Huntsman dominate the market through their large-scale production and integrated operations, in the manufacture of MDI and polyol. Their business model depends on offering a wide portfolio of foam systems to a wide portfolio of applications and winning long-term agreements with leading end-users of the construction and appliance sectors. Competition is highly R&D-driven by new foam chemistry, such as higher insulation performance, higher fire performance, and environmental footprint reduction with next-generation blowing agents. As these world leaders shape the raw materials business, many smaller-scale regional system houses and foam companies resist with tailored products and tailor-made technical support to local clients. This dual structure defines the competitive landscape of the industry.

  • CircuPoli (Founded in 2021, Germany): CircuPoli is a chemical recycling company with a patented chemolysis process for recycling end-of-life rigid polyurethane foam waste into the building block polyols. The company's ambition is to establish a circular economy of polyurethane insulation with a sustainable, recycled raw material for the manufacturing of new foam products. In 2024, the company completed commissioning its first pilot plant and commenced supplying sample recycled polyols.
  • Bio-Olatech (USA, Established in 2019): Bio-Olatech is a bio-based biotech firm focused on the production of high-performance polyols from renewable bio-based raw materials such as algae and waste vegetable oils. Its solutions are formulated as direct, environmentally friendly replacements for petroleum polyols used in the production of rigid polyurethane foam with a focus on making the final product utilized in insulation more environmentally friendly. In 2024, the company was granted enormous funding to enhance its process of manufacture.

Top Player’s Company Profiles

  • BASF SE (Germany) 
  • Covestro AG (Germany) 
  • Huntsman Corporation (United States) 
  • Dow, Inc. (United States) 
  • Recticel NV/SA (Belgium) 
  • Kingspan Group plc (Ireland) 
  • Soprema Group (France) 
  • Wanhua Chemical Group Co., Ltd. (China) 
  • Bayer AG (Germany) 
  • The Sherwin-Williams Company (United States) 
  • Saint-Gobain S.A. (France) 
  • Knauf Insulation (Germany) 
  • Carlisle Companies Inc. (United States) 
  • Arkema S.A. (France) 
  • Sika AG (Switzerland) 
  • Foam Supplies, Inc. (United States) 
  • SEKISUI CHEMICAL CO., LTD. (Japan) 
  • Trelleborg AB (Sweden) 
  • Swastik Polyurethanes Pvt. Ltd. (India) 
  • Tsingtao Chemical Group (TCG) (China) 

Recent Developments in Rigid Polyurethane Foams Market

  • In April 2024, Covestro introduced a new MDI portfolio with a considerably higher proportion of bio-based raw materials. The action is among the company's sustainability measures towards reducing the carbon footprint of its polyurethane product as a more environmentally friendly replacement in the production of green buildings' rigid foams for use by insulation producers.
  • In July 2024, Wanhua Chemical Group released a statement confirming the satisfactory completion of a new MDI manufacturing facility in China. This strategic capacity addition is to satisfy the robust and increasing demand for rigid polyurethane foam insulation from China's expanding rapidly constructing and appliance making industries, cementing the company's leadership position in Asia further.
  • In September 2024, Kingspan Group launched the latest generation of its QuadCore™ insulated panels with a patented rigid polyurethane foam core for enhanced fire resistance. This innovation in product answers greater commercial and industrial building fire safety needs with a product that is more thermally efficient and has other safety benefits.

Rigid Polyurethane Foams Key Market Trends

Rigid Polyurethane Foams Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, key drivers of market growth include increasingly stringent global energy efficiency regulations for buildings and the continued expansion of the cold chain sector. Vertically integrated chemical majors have a strong grip on the market and manage the supply of primary raw material. Feedstock price fluctuation and environmental regulations are still an issue, but overall market conditions are favorable. The sector is being driven by the main trends of the shift to low-GWP blowing agents and the emergence of more sustainable, recycled and bio-based raw materials. The intrinsic position of rigid polyurethane foam as a low-energy insulation product means that it will continue to be in demand in the construction of the low-energy world.

Report Metric Details
Market size value in 2024 USD 2.7 Billion
Market size value in 2033 USD 5.3 Billion
Growth Rate 7.8%
Base year 2024
Forecast period 2026-2033
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Slabstock ,Molded ,Spray Polyurethane Foam (SPF) ,Boardstock/Panels
  • Raw Material
    • Methylene Diphenyl Diisocyanate (MDI) ,Toluene Diisocyanate (TDI) ,Polyols
  • Application
    • Building & Construction ,Appliances ,Automotive and Industrial Insulation ,Packaging
  • Sales Channel
    • Direct Sales (B2B) ,Distributors & Wholesalers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BASF SE (Germany) 
  • Covestro AG (Germany) 
  • Huntsman Corporation (United States) 
  • Dow, Inc. (United States) 
  • Recticel NV/SA (Belgium) 
  • Kingspan Group plc (Ireland) 
  • Soprema Group (France) 
  • Wanhua Chemical Group Co., Ltd. (China) 
  • Bayer AG (Germany) 
  • The Sherwin-Williams Company (United States) 
  • Saint-Gobain S.A. (France) 
  • Knauf Insulation (Germany) 
  • Carlisle Companies Inc. (United States) 
  • Arkema S.A. (France) 
  • Sika AG (Switzerland) 
  • Foam Supplies, Inc. (United States) 
  • SEKISUI CHEMICAL CO., LTD. (Japan) 
  • Trelleborg AB (Sweden) 
  • Swastik Polyurethanes Pvt. Ltd. (India) 
  • Tsingtao Chemical Group (TCG) (China) 
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Rigid Polyurethane Foams Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Rigid Polyurethane Foams Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Rigid Polyurethane Foams Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Rigid Polyurethane Foams Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Rigid Polyurethane Foams Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Rigid Polyurethane Foams Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

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FAQs

Global Rigid Polyurethane Foams Market size was valued at USD 2.7 Billion in 2024 and is poised to grow from USD 2.91 Billion in 2025 to USD 5.3 Billion by 2033, growing at a CAGR of 7.8% during the forecast period (2026–2033). 

The global rigid polyurethane foams market statistics in 2024's competitive landscape are dominated by some large, vertically integrated chemical giants who dominate the manufacture of the large raw materials. Major players such as BASF, Covestro, Dow, and Huntsman dominate the market through their large-scale production and integrated operations, in the manufacture of MDI and polyol. Their business model depends on offering a wide portfolio of foam systems to a wide portfolio of applications and winning long-term agreements with leading end-users of the construction and appliance sectors. Competition is highly R&D-driven by new foam chemistry, such as higher insulation performance, higher fire performance, and environmental footprint reduction with next-generation blowing agents. As these world leaders shape the raw materials business, many smaller-scale regional system houses and foam companies resist with tailored products and tailor-made technical support to local clients. This dual structure defines the competitive landscape of the industry. 'BASF SE (Germany) ', 'Covestro AG (Germany) ', 'Huntsman Corporation (United States) ', 'Dow, Inc. (United States) ', 'Recticel NV/SA (Belgium) ', 'Kingspan Group plc (Ireland) ', 'Soprema Group (France) ', 'Wanhua Chemical Group Co., Ltd. (China) ', 'Bayer AG (Germany) ', 'The Sherwin-Williams Company (United States) ', 'Saint-Gobain S.A. (France) ', 'Knauf Insulation (Germany) ', 'Carlisle Companies Inc. (United States) ', 'Arkema S.A. (France) ', 'Sika AG (Switzerland) ', 'Foam Supplies, Inc. (United States) ', 'SEKISUI CHEMICAL CO., LTD. (Japan) ', 'Trelleborg AB (Sweden) ', 'Swastik Polyurethanes Pvt. Ltd. (India) ', 'Tsingtao Chemical Group (TCG) (China) '

National governments worldwide are enacting more stringent building codes and energy efficiency measures to restrict carbon emissions from heating and cooling. Such a high thermal insulation rigid polyurethane foam is an enabling material that makes it possible to achieve such requirements. In 2024, new energy codes in several regions boosted demand for high-performance insulation. These energy efficiency mandates are a primary factor driving the global rigid polyurethane foams market revenue.

Sustainable and Circular Raw Materials: One of the primary market trends emerging is greater industry interest in sustainability. This includes the development of polyols derived from renewable, bio-based sources and the creation of chemical recycling processes to recover raw materials from end-of-life foam. In 2024, a group of chemical and appliance firms launched a new program to enhance the recycling of polyurethane. This trend is one of the key drivers driving the global rigid polyurethane foams market.

According to the global rigid polyurethane foams regional forecast, in 2024 North America led the market owing to stringent building energy codes and robust demand from the construction industry. The United States led the consumption while Canada was also a significant contributor. The region's emphasis on building energy efficiency as well as in residential homes and commercial buildings and an enormous cold chain business reaffirmed its leadership role among high-performance insulation products.
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DAIKIN3x.webp
DEPARTMENT OF SCIENCE & TECHNOLOGY3x.webp
ETRI3x.webp
Fiti Testing3x.webp
GERRESHEIMER3x.webp
HENKEL3x.webp
HITACHI3x.webp
HOLISTIC MEDICAL CENTRE3x.webp
Institute for information industry3x.webp
JAXA3x.webp
JTI3x.webp
Khidi3x.webp
METHOD.3x.webp
Missul E&S3x.webp
MITSUBISHI3x.webp
MIZUHO3x.webp
NEC3x.webp
Nippon steel3x.webp
NOVARTIS3x.webp
Nttdata3x.webp
OSSTEM3x.webp
PALL3x.webp
Panasonic3x.webp
RECKITT3x.webp
Rohm3x.webp
RR KABEL3x.webp
SAMSUNG ELECTRONICS3x.webp
SEKISUI3x.webp
Sensata3x.webp
SENSEAIR3x.webp
Soft Bank Group3x.webp
SYSMEX3x.webp
TERUMO3x.webp
TOYOTA3x.webp
UNDP3x.webp
Unilever3x.webp
YAMAHA3x.webp
Yokogawa3x.webp

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