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Polyisocyanurate Insulation Market Trends

Report ID: GMI7728
Published Date: Dec 2023
Report Format: PDF

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Polyisocyanurate Insulation Market Trends

The polyisocyanurate insulation industry is witnessing several prominent trends. The increasing demand for sustainable and energy-efficient construction materials continues to drive the market, with polyisocyanurate insulation gaining traction due to its superior thermal performance and compatibility with green building standards. Advancements in manufacturing technologies have led to the development of innovative formulations, enhancing the material's durability, fire resistance, and overall efficiency. Furthermore, a shift towards stringent building codes and regulations globally, aimed at reducing carbon footprints and improving energy efficiency, further propels the adoption of polyisocyanurate insulation in residential, commercial, and industrial construction.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market valuation of polyisocyanurate insulation was worth USD 14.13 billion in 2023 and is projected to expand at over 6.10% CAGR from 2024 and 2032, owing to growing application in residential, commercial, and industrial sectors due to its high thermal resistance and excellent fire performance.

The rigid boards segment held 59.3% revenue share of the polyisocyanurate insulation market in 2023 owing to their versatility, durability, and ease of installation.

North America polyisocyanurate insulation market held around 34.6% revenue share in 2023 and is set to expand at a robust growth rate through 2032, driven by the presence of well-established industries and a strong focus on innovation and technology.

Some of the major polyisocyanurate insulation companies are Johns Manville, Owens Corning, Kingspan Group, Dow Chemical Company, Hunter Panels, and Atlas Roofing Corporation.