Polyurethane Foam Insulation Materials Market - By Type, By End Use and By Geography Analysis - Forecast 2021 - 2026

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

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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.

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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.

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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.

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