Polyurethane Foam Insulation Materials Market - Forecast(2023 - 2028)

Report Code: CMR 19499 Report Format: PDF + Excel
Polyurethane Foam Insulation Materials Market size is forecast to reach $42.11 billion by 2025, after growing at a CAGR of 6.12% during 2020-2025. Polyurethane comprises an open cellular structure called polyurethane foam, which possesses excellent sealing, cushioning, and vibration control features, due to which it widely used in home furnishings such as furniture, bedding, and carpet underlay. Also, due to high durability, low compression property, and extremely lightweight, it is ideal in industries such as residential housing, non-residential, oil & gas, and the automobile will propel the demand of Polyurethane Foam Insulation Materials Industry in the forecast period.

Report Coverage
The: “Polyurethane Foam Insulation Materials Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polyurethane Foam Insulation Materials Industry.

By Type: Flexible Foams, Rigid Foams and Spray Foams
By End Use: Building and Construction, Automotive, Electronics, Composite Wood, Furnishings, Marine, Medical, and Packaging
By Geography: North America, Asia Pacific, Europe, Middle East & Africa, and South America

Key Takeaways
  • APAC dominates the Polyurethane Foam Insulation Materials Market owing to the increasing use of polyurethane foam on the roof and the wall of buildings in the construction industry to help in maintaining the interior construction temperature.
  • Increasing the use of Polyurethane Foam in electric vehicles where metal has traditionally been used in designs is now used as a durable, lightweight alternative in exterior cladding, roofs, and hoods.
  • Due to the lockdowns to tackle the Covid-19 outbreak, the automotive industry expects a loss of about 750,000 units in production and $2 billion in revenue in 2020-2021.

By Type - Segment Analysis
Flexible Foam held the largest share in the Polyurethane Foam Insulation Materials Market in 2019. Flexible foam has various properties such as durability, resiliency energy absorption, and handling strength due to which it is used in a wide variety of consumer and commercial products including carpet cushion, furniture, bedding, transportation, packaging, textiles, and fibers. Flexible foams provide support and comfort due to which it is used in flexible polyurethane foam cushions upholstered furniture, office chairs, stadium seating, and auditorium seating. As flexible polyurethane foam extends the life cycle extension of cushions it is projected to increase in the forecast period.

End Use - Segment Analysis
Building and construction held the largest share in the Polyurethane Foam Insulation Materials Market in 2019 and is projected to grow with a CAGR of 5.62% during the forecast period. Polyurethanes are used to make high-performance products that are sturdy yet lightweight, perform well, and are durable and flexible in building and construction. Polyurethane products can also help to enhance home and building aesthetics. One exceptional use of polyurethane is rigid foam, which has special insulating properties that make it suitable in homes for walls and roofs, and then when remodeling an existing home. Since the insulating quality of rigid polyurethane foam is high; it enables builders to make walls thinner and can also save homeowners money, both in reduced construction costs and lower utility bills. Also, sprayed polyurethane foam provides sealants that are weatherproof, forms a smooth layer of insulation, fills gaps and cracks during the application, and covers irregular shapes that are hard to insulate. Closed cell polyurethane spray foam insulation effectively creates an air barrier and a barrier to moisture. Spray foam insulation can also minimize gaps while producing sturdier, quieter constructions. In addition, construction materials made of polyurethane bring versatility to new-home construction and remodeling projects and Foam-core panels provide a wide range of wall and roof colors and profiles, owing to which polyurethane foam insulation materials market is projected to rise in the forecast period. 

Geography- Segment Analysis
Asia Pacific holds the largest share with 42.54% in Polyurethane Foam Insulation Materials Market in 2019 due to the increase in the construction industry. In construction industries such as residential and non-residential buildings, Polyurethane Foam Insulation Materials is widely used. Strong and durable spray foam improves the strength of a building and it essentially increases a building's resistance to wind uplift, helping to protect a building against severe weather conditions. The rising disposable income and urbanization of the customer in Asia have seen a major increase in the construction industries. According to the U.S. Department of Energy, with heating and cooling costs equal to 56% of the energy used in the typical American home, rigid polyurethane foam can save money while maintaining a constant temperature. China is the world’s leading construction market. According to the International Trade Administration, the construction industry in China is expected to expand at an annual average of 5% in real terms between 2019 and 2023. Also, according to the Department of Industrial Policy and Promotion Foreign Direct Investment (DIPP) received in the Construction Development sector (townships, housing, built-up infrastructure, and construction development projects) from April 2000 to June 2019 stood at US$ 25.12 billion.

Drivers –Polyurethane Foam Insulation Materials Market
  • Increasing use in the automotive industry
Polyurethane Foam Insulation Materials is commonly used in the automotive industry. Polyurethane (PU) is a polymer, commonly used in automobile production in the automotive industry. Most polyurethanes are polymers that thermoset and thus do not melt when heated. Most polyurethanes are thermosetting polymers which means they do not melt when heated. Manufacturing of high-resilience foam seating, rigid foam insulation panels, B-pillars, headliners, suspension insulators, bumpers, and other interior parts of a car are some common uses of polyurethane in the automotive industry. Tires, transmission, and suspension arise in-car noise in the prime areas. Due to the ability to insulate and raising internal vibrations, Polyurethane is commonly used for absorbing noise and vibration by injecting Polyurethane foam into the body cavities.  Also, vehicles are synonymous with fuel consumption and due to the lightweight qualities of Polyurethane; it drastically reduces vehicle weight and critically improves vehicle emissions thus, leading to an increase in the market in the estimated period. 

  • Increasing use of polyurethane foam in Medicals
Polyurethane is commonly used in a number of medical applications, including catheter and general-purpose tubing, hospital bedding, surgical drapes, wound dressings, and in a number of molded injection materials. Their most common use is for short term implants. Polyurethane has been developed to ensure good biocompatibility, flexural resilience, high power, high abrasion resistance, and flexibility in manufacturing through a wide variety of applications. Such features are essential in supporting new applications that are constantly being discovered by manufacturers of medical devices including artificial heart, catheter tubing, feeding tubes, surgical drains, intra-aortic balloon pumps, dialysis devices, non-allergenic gloves, medical equipment, hospital bedding, wound dressings and more. Therefore, polyurethane is popularly used in cardiovascular and other biomedical fields due to its excellent biocompatibility and mechanical properties. Due to these merits supported by polyurethane foam in the medical industry will enhance the market in the forecast period.

Challenges –Polyurethane Foam Insulation Materials Market
  • Hazards of Polyurethane Foam
Polyurethane Foam consists of two chemicals an isocyanate and a polyol plus additives and catalysts. Both isocyanates and polyols emit heat and vapor when mixed to form polyethylene. They cause irritation and sensitization. Vapors and aerosols released during and after chemical mixing up to the time the polyurethane is cured can cause asthma, lung damage, and other breathing and respiratory issues, irritation of the skin and eyes, and cancer. It takes about 23 to 72 hours for polyurethane to cure. The Environmental Protection Agency has personal safety guidelines for those who work with or are exposed to polyurethane vapors. In 2013, the Occupational Health and Safety Administration introduced a new policy to protect employees from isocyanate exposure. According to the Environmental Protection Agency (EPA), a flexible polyurethane foam fabrication facility is listed as a major source of hazardous air pollutants (HAP) emissions. 

Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Polyurethane Foam Insulation Materials Market. In 2019, the market of Polyurethane Foam Insulation Materials Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Polyurethane Foam Insulation Materials Marketare Bayer Ag, Compagnie De Saint-Gobain S A, Ekisui Chemical Co Ltd, Huntsman Corporation, Nitto Denko Corporation, The Dow Chemical Company, Tosoh Corporation, Trelleborg Ab, Wanhua Chemical Group Co Ltd among others.

Acquisitions/Technology Launches
  • In September 2019, Demilec, Inc., a subsidiary of Huntsman Corporation has launched several spray foam insulation products for the Middle East market and the opening of its Spray Foam Technical Application and Training Center in Dubai.

1. Polyurethane Foam Insulation Materials Market - Market Overview
    1.1 Definitions and Scope
2. Polyurethane Foam Insulation Materials Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by End Use
    2.4 Key Trends by Geography
3. Polyurethane Foam Insulation Materials Market - Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Polyurethane Foam Insulation Materials Market - Startup companies Scenario Premium (Premium) 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Polyurethane Foam Insulation Materials Market – Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Polyurethane Foam Insulation Materials Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Polyurethane Foam Insulation Materials Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Polyurethane Foam Insulation Materials Market – By Type (Market Size -$Million)
    8.1 Flexible Foams
    8.2 Rigid Foams
        8.1.1 Polyisocyanurate
        8.1.2 Extruded Polystyrene
        8.1.3 Expanded Polystyrene
    8.2 Spray Foams
        8.2.1 Two component open-cell foam (ocSPF)
        8.2.2 Two component closed-cell foam (ccSPF)
9. Polyurethane Foam Insulation Materials Market – By End Use (Market Size -$Million)
    9.1 Automotive
        9.1.1 Seats
        9.1.2 Bumpers
        9.1.3 Headline Ceiling
        9.1.4 Doors & Windows
        9.1.5 Others
    9.2 Building and Construction
        9.2.1 Roofs
        9.2.2 Walls
        9.2.3 Floors
        9.2.4 Others
    9.3 Electronics
        9.3.1 Cables
        9.3.2 Circuit Boards
        9.3.3 Others
    9.4 Composite Wood
        9.4.1 Oriented strand board
        9.4.2 Medium-Density fibreboard
        9.4.3 Long-Strand lumber
        9.4.4 Laminated-veneer lumber
        9.4.5 Even Strawboard
        9.4.6 Particle board
    9.5 Furnishings
        9.5.1 Furniture
        9.5.2 Bedding
        9.5.3 Carpet 
        9.5.4 Others
    9.6 Marine
        9.6.1 Wire & Cable Coatings
        9.6.2 Engine tubing
        9.6.3 Drive Belts
        9.6.4 Hydraulic hoses & seals
        9.6.5 Ship Molding
    9.7 Medical
        9.7.1 Tubing
        9.7.2 Surgical drapes
        9.7.3 Wound dressings
        9.7.4 Injection Molded Devices
    9.8 Packaging
        9.8.1 Electronic and Medical Diagnostic Equipment
        9.8.2 Delicate Glassware
        9.8.3 Large Industrial Parts
    9.9 Others 
10. Polyurethane Foam Insulation Materials Market - By Geography (Market Size -$Million)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Spain
        10.3.6 Netherlands
        10.3.7 Russia
        10.3.8 Belgium
        10.3.9 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 ANZ
        10.4.4 Japan
        10.4.5 South Korea
        10.4.6 Rest of Asia Pacific
    10.5 ROW
        10.5.1 Middle East
   Saudi Arabia
   Rest of Middle East
        10.5.2 Africa
   South Africa
   Rest of South Africa
11. Polyurethane Foam Insulation Materials Market - Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis(Premium)
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Polyurethane Foam Insulation Materials Market - List of Key Companies by Country (Premium) 
14. Polyurethane Foam Insulation Materials Market - Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"