세계의 경질 폴리우레탄 폼 시장 예측(-2032년) : 원재료, 밀도, 용도, 지역별 분석

According to Stratistics MRC, the Global Rigid Polyurethane Foam Market is accounted for $24.04 billion in 2025 and is expected to reach $40.67 billion by 2032 growing at a CAGR of 7.8% during the forecast period. Rigid polyurethane foam is a strong, lightweight material known for its thermal insulation and durability. Produced through the reaction of polyols and isocyanates, it develops a closed-cell structure offering high mechanical strength and resistance to moisture, chemicals, and fire. Its adaptability allows it to be manufactured as panels, blocks, or applied as a spray, making it ideal for energy-efficient construction, refrigeration units, and industrial uses where insulation and protection are critical.

Market Dynamics:

Driver:

Increasing automotive lightweighting trends

Rigid polyurethane foam is gaining traction due to its superior insulation properties and structural strength at low weight. Automakers are integrating these foams into vehicle interiors, panels, and under-the-hood components to meet evolving regulatory standards. Advancements in composite technologies and foam molding techniques are enhancing design flexibility and thermal performance. Electric vehicle platforms are particularly driving demand for lightweight insulation to optimize battery efficiency. As sustainability goals intensify, rigid PU foam is emerging as a preferred solution for next-gen mobility applications.

Restraint:

Competition from alternative insulation materials

The rigid polyurethane foam faces competitive pressure from alternative insulation materials such as polystyrene, mineral wool, and phenolic foams. These substitutes offer comparable thermal resistance and are often favored for specific applications due to cost or fire safety profiles. Innovations in aerogel composites and vacuum insulation panels are also challenging PU foam's dominance in high-performance sectors. Regulatory shifts promoting non-toxic and recyclable materials are influencing buyer preferences. Manufacturers must continuously invest in product differentiation and compliance to retain market share. The presence of multiple insulation technologies is fragmenting demand and slowing rigid PU foam penetration in certain verticals.

Opportunity:

Rising demand for bio-based and sustainable polyols

Environmental concerns and circular economy initiatives are accelerating the shift toward bio-based polyols in rigid polyurethane foam production. These renewable feedstocks reduce carbon footprint and align with green building certifications and eco-labeling standards. Technological breakthroughs in lignin, castor oil, and soy-based polyol synthesis are expanding commercial viability. Global brands are launching sustainable insulation solutions to meet ESG targets and consumer expectations. Regulatory incentives and green procurement policies are boosting adoption across construction and refrigeration sectors. This trend is unlocking innovation in foam chemistry, lifecycle analysis, and end-of-life recyclability.

Threat:

Health and safety concerns over isocyanates and vocs

Regulatory bodies are tightening exposure limits and mandating safer handling protocols across production and installation sites. Growing awareness among consumers and builders is prompting demand for low-emission and non-toxic alternatives. Technologies such as water-blown foaming agents and reactive encapsulation are being explored to mitigate hazards. Compliance with REACH, EPA, and other frameworks is increasing operational complexity and cost. Without proactive reformulation and transparency, manufacturers risk reputational damage and market exclusion.

Covid-19 Impact:

The pandemic disrupted supply chains and construction timelines, temporarily dampening demand for rigid polyurethane foam across key sectors. Lockdowns and labor shortages affected foam production, logistics, and installation services globally. However, the crisis accelerated digitalization and automation in manufacturing, improving operational resilience. Demand rebounded in cold chain logistics and healthcare infrastructure, where insulation performance is critical. Companies adopted remote monitoring and predictive maintenance to manage foam systems in commercial buildings. Post-COVID strategies now emphasize decentralized production, inventory agility, and health-compliant material sourcing.

The methylenediphenyl diisocyanate (MDI) segment is expected to be the largest during the forecast period

The methylenediphenyl diisocyanate (MDI) segment is expected to account for the largest market share during the forecast period, due to its superior reactivity and mechanical properties. MDI-based foams offer enhanced dimensional stability, thermal insulation, and fire resistance, making them ideal for demanding applications. Continuous R&D is improving formulation efficiency and reducing emissions during processing. MDI is widely used in construction panels, refrigeration units, and automotive components. Emerging trends include hybrid MDI blends and low-VOC variants tailored for green building standards. Its versatility and performance advantages are reinforcing its leadership across global insulation markets.

The building & construction segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the building & construction segment is predicted to witness the highest growth rate, driven by rising demand for energy-efficient insulation in residential and commercial projects. Governments are enforcing stricter building codes and thermal performance benchmarks, boosting rigid PU foam adoption. Innovations in spray foam systems and prefabricated panels are streamlining installation and reducing waste. Smart buildings and HVAC optimization are creating new use cases for high-performance insulation materials. Green architecture and net-zero energy targets are accelerating foam integration into walls, roofs, and foundations.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, supported by rapid industrialization and infrastructure expansion. Countries like China, India, and Southeast Asian nations are investing heavily in cold storage, housing, and automotive sectors. Local manufacturers are scaling up foam production to meet domestic demand and reduce import dependency. Government initiatives promoting energy conservation and sustainable construction are driving insulation upgrades. Strategic collaborations between global players and regional firms are enhancing technology transfer and market access.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, fueled by technological innovation and sustainability mandates. The U.S. and Canada are pioneering advanced foam systems for smart buildings, EVs, and renewable energy infrastructure. Regulatory frameworks such as LEED and Energy Star are incentivizing high-performance insulation adoption. Key players are investing in bio-based polyols and low-emission foam technologies to meet evolving standards. Digital tools for lifecycle analysis and building energy modeling are enhancing foam selection and deployment.

Key players in the market

Some of the key players in Rigid Polyurethane Foam Market include BASF SE, Covestro AG, Dow Inc., Huntsman Corporation, Wanhua Chemical Group Co., Ltd., Recticel NV/SA, Armacell International S.A., Owens Corning, Sekisui Chemical Co., Ltd., INOAC Corporation, Compagnie de Saint-Gobain S.A., Rogers Corporation, Kingspan Group plc, Woodbridge Foam Corporation, and Tosoh Corporation.

Key Developments:

In October 2025, Dow and MEGlobal have finalized an agreement for Dow to supply an additional equivalent to 100 KTA of ethylene from its Gulf Coast operations. The ethylene will serve as a key feedstock for MEGlobal's ethylene glycol (EG) manufacturing facility co-located at Dow's and MEGlobal's Oyster Creek site.

In August 2025, Covestro has signed an agreement with Vencorex Holding SAS, to acquire two legal entities with stand-alone production sites for HDI derivates in Rayong, Thailand and Freeport, USA. The legal entities and sites were formerly part of the French aliphatics specialist Vencorex. With this acquisition, Covestro strategically expands and improves its aliphatics production portfolio in the US and in the Asia-Pacific region.

Raw Materials Covered:

• Methylenediphenyl Diisocyanate (MDI)
• Additives
• Polyols
• Blowing Agents
• Other Raw Materials

Densities Covered:

• Low-Density Rigid PU Foam
• Medium-Density Rigid PU Foam
• High-Density Rigid PU Foam

Applications Covered:

• Building & Construction
• Refrigeration
• Automotive
• Industrial Insulation
• Packaging
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Rigid Polyurethane Foam Market, By Raw Material

• 5.1 Introduction
• 5.2 Methylenediphenyl Diisocyanate (MDI)
• 5.3 Additives
• 5.4 Polyols
• 5.5 Blowing Agents
• 5.6 Other Raw Materials

6 Global Rigid Polyurethane Foam Market, By Density

• 6.1 Introduction
• 6.2 Low-Density Rigid PU Foam
• 6.3 Medium-Density Rigid PU Foam
• 6.4 High-Density Rigid PU Foam

7 Global Rigid Polyurethane Foam Market, By Application

• 7.1 Introduction
• 7.2 Building & Construction
  • 7.2.1 Roof and Wall Insulation
  • 7.2.2 Floor and Ceiling Insulation
  • 7.2.3 Pipes and Ducts
• 7.3 Refrigeration
  • 7.3.1 Commercial Refrigerators
  • 7.3.2 Cold Storage and Transport
  • 7.3.3 Household Refrigerators
• 7.4 Automotive
  • 7.4.1 Car Roofs and Panels
  • 7.4.2 Seating and Interior Components
  • 7.4.3 HVAC Systems
• 7.5 Industrial Insulation
  • 7.5.1 Storage Tanks
  • 7.5.2 Industrial Equipment
  • 7.5.3 Pipelines
• 7.6 Packaging
  • 7.6.1 Protective Packaging
  • 7.6.2 Thermal Packaging
• 7.7 Other Applications

8 Global Rigid Polyurethane Foam Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 BASF SE
• 10.2 Covestro AG
• 10.3 Dow Inc.
• 10.4 Huntsman Corporation
• 10.5 Wanhua Chemical Group Co., Ltd.
• 10.6 Recticel NV/SA
• 10.7 Armacell International S.A.
• 10.8 Owens Corning
• 10.9 Sekisui Chemical Co., Ltd.
• 10.10 INOAC Corporation
• 10.11 Compagnie de Saint-Gobain S.A.
• 10.12 Rogers Corporation
• 10.13 Kingspan Group plc
• 10.14 Woodbridge Foam Corporation
• 10.15 Tosoh Corporation