Global Rigid Polyurethane Foams Market Trends, Applications, Analysis, Growth, and Forecast 2028

Rigid Polyurethane Foams Market: Overview

The Rigid Polyurethane Foams Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.

Rigid polyurethane foams are manufactured as laminated insulation panels with different facings. These types of foams are durable, versatile, chemically stable, flexible, lightweight, and offer resistance to heat, moisture, and electricity.

Growing demand for rigid polyurethane foam in various applications such as automotive, consumer appliances, building & construction, and industrial insulation is anticipated to drive the growth of the rigid polyurethane foam market.

Increasing demand for rigid polyurethane foam for the insulating board, roof and wall panels, and other building & construction applications is projected to drive the growth of the rigid polyurethane foams market.

Properties of rigid polyurethane foam used as insulation materials are durability, stability, high mechanical performance, high thermal performance, and high energy efficiency, which is expected to support the growth of the global market.

However, fluctuating prices of raw materials of rigid polyurethane foam are projected to hinder the growth of the global market over the next few years.

Global Rigid Polyurethane Foams Market: Segment Analysis

Among the product segments, the slabstock polyether segment is projected to dominate the global market. This type of foam is used for cushioning consumer and commercial goods such as automotive interiors, furniture, packaging, bedding, carpet underlay, etc.

Increasing demand for slapstick polyether from applications such as automotive and furniture is expected to drive the growth of this segment. The molded foam segment is projected to register moderate growth in the global market over the next 10 years.

Among the application segments, the building & construction segment is projected to register a higher growth rate in the rigid polyurethane foams market during the forecast period.

The growing building & construction industry in developing countries owing to the rise in living standards of individuals is projected to drive the growth of this segment. The automotive segment is projected to register a higher growth rate in the global market over the next few years.

Rigid Polyurethane Foams Market: Regional Analysis

Asia Pacific market is projected to dominate the rigid polyurethane foams market in the next 10 years. This region's growth of the rigid polyurethane foams market is attributed to the increasing demand for rigid polyurethane foam in appliance applications.

Growing demand for these types of foam for thermal insulation systems of freezers and refrigerators is projected to drive the growth of the target market in the Asia Pacific.

The growing automotive industry in the countries in this region is expected to support the growth of the Asia Pacific rigid polyurethane foams market over the long run.

The Asia Pacific is expected to be the major market for rigid polyurethane foam followed by the North American market. The North American rigid polyurethane foams market is expected to grow significantly over the long run.

Increasing demand for rigid polyurethane foam in the automotive industry is a factor driving the growth of the rigid polyurethane foams market in North America.

The growing construction industry in the countries in this region owing to the rising number of residential buildings, commercial spaces, factories, retail stores, etc., is expected to drive the growth of the rigid polyurethane foam market in the region.

Global Rigid Polyurethane Foams Market Segmentation:

Segmentation by Product:

• Slabstock Polyether
• Slabstock Polyester
• Molded Foam Parts
• Others

Segmentation by Application:

• Building & Construction
• Appliances
• Automotive
• Others

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa