Rigid Insulation Market Global and Regional Analysis by Top Players, Product Segments, Key Regions and Applications 2024
Global Rigid foam Market, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), others) 

Market Definition: Global Rigid Foam Market

Rigid foam is formed by either polyisocyanurate, extruded polystyrene; or expanded polystyrene used for sheathing continuous insulation on the wall exteriors. It is also used as thermal barrier and provides soundproofing to the interior walls. Rigid foam is used in several industries such as building and construction, appliances, packaging, and automobile.

Market Analysis: Global Rigid Foam Market

The Global Rigid Foam Market accounted for USD 61.18 billion in 2016 and is projected to grow at a CAGR of 8.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Competitive Landscape: Global Rigid Foam Market

The global rigid foam market is consolidated due to the presence of a limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Major Market Competitors: Global Rigid Foam Market

Some of the major players in the rigid foam market include BASF SE, The Dow Chemical Company, Huntsman Corporation, Covestro AG, JSP Corporation (Japan), Borealis AG (Austria), Sealed Air Corporation (U.S.), Armacell International S.A (Luxembourg), Nitto Denko Corporation (Japan), Woodbridge Foam Corporation (Canada), Kaneka Corporation (Japan), and ZotefoamsPlc (U.K.).
Major Market Drivers:
  • Government regulations against greenhouse gas emissions
  • Growing automobile and packaging industry
  • Technological advancements in the insulation industry
Market Restraint:
  • Lack of awareness about the importance of rigid foam
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