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Polyisocyanurate Insulation Market Size

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

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Polyisocyanurate Insulation Market Size

Polyisocyanurate Insulation Market was valued at USD 14.13 billion in 2023 and is projected to expand at over 6.10% CAGR from 2024 to 2032. This insulation material, known for its high thermal resistance and excellent fire performance, has gained significant traction in residential, commercial, and industrial applications. Factors such as stringent building regulations aimed at reducing energy consumption, coupled with an increased emphasis on sustainable construction practices, have propelled the adoption of polyisocyanurate insulation. Additionally, advancements in manufacturing technologies have led to the development of improved formulations, enhancing the material's durability, and reducing environmental impact.

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As the construction sector continues to expand globally and the awareness of energy conservation rises, the polyisocyanurate insulation market is poised for sustained growth, driven by its superior insulation properties and compatibility with green building standards. Nevertheless, challenges related to raw material costs and fluctuating prices may impact market dynamics, necessitating innovative strategies by industry players to maintain competitiveness and meet evolving consumer demands.

Polyisocyanurate Insulation Market Report Attributes
Report Attribute	Details
Base Year:	2023
Polyisocyanurate Insulation Market Size in 2023:	USD 14.133 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.10%
2032 Value Projection:	USD 23.32 Billion
Historical Data for:	2018 – 2023
No. of Pages:	120
Tables, Charts & Figures:	252
Segments covered:	Product form, Application, End use, Distribution Channel & Region
Growth Drivers:	Energy Efficiency Demands Stringent Building Regulations Sustainable Construction Trends
Pitfalls & Challenges:	Raw Material Costs Installation Challenges

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Authors: Kiran Pulidindi, Kunal Ahuja

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.