Global Rigid Polyurethane Foams Market 2021 (Includes Business Impact of COVID-19)

  • TBI634946
  • September 16, 2021
  • Global
  • 149 pages
  • Market.US

Report updated on 11th September, 2021: Global Rigid Polyurethane Foams Market 2021 (Includes Business Impact of COVID-19)

Global Rigid Polyurethane Foams Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global rigid polyurethane foams market report has been segmented on the basis of product, application, and region. The global Rigid Polyurethane Foams market size was valued at USD$45.74 billion in 2020 and is projected to reach USD $117.52 billion by 2030, and is anticipated to expand at a CAGR of 9.64% over the forecast period from 2020 to 2030.

Global Rigid Polyurethane Foams Market: Introduction

Rigid polyurethane foams are manufactured as laminated insulation panels with different facings. These type of foams are durable, versatile, chemically stable, flexible, lightweight, offer resistance from heat, moisture, and electricity.

Global Rigid Polyurethane Foams Market: Dynamics

Growing demand for rigid polyurethane foam in various applications such as automotive, consumer appliances, building & construction, and industrial insulation is anticipated to drive the growth of the rigid polyurethane foam market. Increasing demand for rigid polyurethane foam for insulating board, roof and wall panels, and other building & construction applications is projected to drive the growth of the rigid polyurethane foams market. Properties of rigid polyurethane foam used as insulation materials are durability, stability, high mechanical performance, high thermal performance, and high energy efficiency, which is expected to support the growth of the global market. However, fluctuating prices of raw materials of rigid polyurethane foam is projected to hinder the growth of the global market over the next few years.

Global Rigid Polyurethane Foams Market: Segment Analysis

Among the product segments, the slabstock polyether segment is projected to dominate the global market. This type of foam is used for cushioning of consumer and commercial goods such as automotive interior, furniture, packaging, bedding, carpet underlay, etc. Increasing demand for slabstock polyether from applications such as automotive and furniture is expected to drive the growth of this segment. The molded foam segment is projected to register moderate growth in the global market over the next 10 years. Among the application segments, the building & construction segment is projected to register higher growth rate in the rigid polyurethane foams market during the forecast period. Growing building & construction industry in developing countries owing to rise in living standards of individuals is projected to drive the growth of this segment. The automotive segment is projected to register higher growth rate in the global market over the next few years.

Global Rigid Polyurethane Foams Market: Regional Analysis

Asia Pacific market is projected to dominate the rigid polyurethane foams market in the next 10 years. The growth of the rigid polyurethane foams market in this region is attributed to increasing demand for rigid polyurethane foam in appliance applications. Growing demand for these type of foam for thermal insulation systems of freezers and refrigerators is projected to drive the growth of the target market in the Asia Pacific. Growing automotive industry in the countries in this region is expected to support the growth of Asia Pacific rigid polyurethane foams market over the long run. Asia Pacific is expected to be the major market for rigid polyurethane foam followed by North America market. North America rigid polyurethane foams market is expected to grow significantly over the long run. Increasing demand for rigid polyurethane foam in the automotive industry is a factor driving the growth of the rigid polyurethane foams market in North America. Growing construction industry in the countries in this region owing to the rising number of residential buildings, commercial spaces, factories, retail stores, etc., is expected to drive the growth of the rigid polyurethane foam market in the region.

Below are the active patents related to Rigid Polyurethane Foams Market.

Patent Number: EP2649120A2 Method of molding rigid polyurethane foams Abstract A method of making a molded rigid polyurethane foam comprising injecting into a closed mold cavity a reaction mixture at a packing factor of 1.03 to 1.9, wherein the mold cavity is under a pressure of from 300 to 950 mbar, wherein the reaction mixture comprises an organic polyisocyanate,a polyol composition, a catalyst, optionally auxiliary substances and/or additives, and a chemical blowing agent component in an amount of from 1 to 5 weight percent based on the total weight of the components excluding polyisocyanate, the chemical blowing agent component comprising at least one chemical blowing agent, wherein the chemical blowing agent component is the sole blowing agent. Application File Date: 2011-11-30 Application Granted Date: 2017-07-19 Current Assignee: Dow Global Technologies LLC Patent Number: EP1458781A2 Rigid foam compositions and methods employing alkyl alkanoates as a blowing agent Abstract A method for producing a rigid, closed-cell polyurethane foam having a free-rise density of from about 1.3 lbs./ft.3 to about 4 lbs./ft.3 and exhibiting a shrinkage of less than 10%, comprises mixing together an isocyanate, at least one alkyl alkanoate blowing agent and at least one polyol having a hydroxyl number of from about 150 to about 800 and being selected from the group consisting of polyalkoxylated amines, polyalkoxylated ethers, and polyester polyols, to form a reaction mixture that is curable to produce such foam. Application File Date: 2002-12-18 Application Granted Date: 2011-03-30 Current Assignee: Foam Supplies Inc Patent Number: US8604094B2 ible polyurethane foam and method of producing same Abstract A flexible polyurethane foam comprises the reaction product of an isocyanate component and an isocyanate-reactive component in the presence of a blowing agent. The isocyanate component comprises a polymeric diphenylmethane diisocyanate component and a monomeric diphenylmethane diisocyanate component. The monomeric diphenylmethane diisocyanate component comprises 2,4-diphenylmethane diisocyanate and 4,4-diphenylmethane diisocyanate. The isocyanate-reactive component comprises a polyether polyol having a molecular weight of from about 700 to about 20,000 and a plurality of terminal caps which are substantially free of ethylene oxide groups. The flexible polyurethane foam is substantially free of supplemental flame retardant additives and exhibits flame retardance under flammability tests according to California Technical Bulletin 117 regulations. Application File Date: 2010-02-24 Application Granted Date: 2013-12-10 Current Assignee: BASF SE

Global Rigid Polyurethane Foams Market Segmentation:

Segmentation by Product:
  • Slabstock Polyether
  • Slabstock Polyester
  • Molded Foam Parts
  • Others
Segmentation by Application:
  • Building & Construction
  • Appliances
  • Automotive
  • Others
Based on End-use Industry
  • Bedding & Furniture
  • Building & Construction
  • Automotive
  • Electronics
  • Footwear
  • Packaging
  • Others (Appliances, Textiles & Apparel, and Transportation)

Key Market Players included in the report:

  • BASF SE (Germany)
  • Bayer AG (Germany)
  • Chemtura Corporation (Lanxess) (US)
  • Compagnie de Saint-Gobain SA (France)
  • Covestro AG (Germany)
  • Dow Inc. (US)
  • DuPont (US)
  • Ekisui Chemical Co. Ltd.
  • Huntsman Corporation (US)
  • Nitto Denko Corporation
  • Recticel NV/SA (Belgium)
  • Rogers Corporation (US).
  • Sekisui Chemical Co.Ltd. (Japan)
  • The DOW Chemical Company
  • Tosoh Corporation
  • Trelleborg AB
  • Wanhua Chemical Group Co. Ltd.
  • Wanhua Chemical Group Co.Ltd. (China)

Below are the key development related to Rigid Polyurethane Foams Market in 2020 and 2021.

June 2021: Philips Issues a Recall Notification* to Mitigate Potential Health Risks Related to the Sound Abatement Foam Component in Certain Sleep and Respiratory Care Devices. Source January 2021: Manufacturer expands into Italy with £6.1m acquisition. The Vita Group, a provider of polyurethane foam, has acquired Italian foam manufacturer IMPE SpA – a wholly owned subsidiary of Naples-based Natuzzi – in a £6.1m deal. Vita, which employs 2,700 people across Europe and is headquarters in Middleton, Manchester, expects the deal to complete in the first quarter of 2021. It will enable the business to gain an important foothold in Italy, which is the second largest furniture producing country in Europe and one of its largest furniture exporters. The Naples site, which will be known as Vita Italy, will manufacture value-added and differentiated polyurethane foam for the Italian furniture and bedding industry, as well as expanding the group’s trade links with the Americas and North Africa. The site, which has production capabilities of 20,000 tonnes per annum, will enable Vita to release current production in Hungary and Romania to concentrate on further expansion in Eastern Europe and the Balkans region. The acquisition will also further strengthen its long-standing partnership with world-leading furniture manufacturer Natuzzi. In addition to purchasing the foam plant in Naples, The Vita Group will continue to supply Natuzzi with high quality materials, including new innovative foams for use across its global furniture portfolio. Source February 2020: Huntsman Completes the Acquisition of Icynene-Lapolla, Expanding its Downstream Footprint in Spray Polyurethane Foam Insulation. Huntsman Corporation (NYSE: HUN) announced that it has completed the acquisition of Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications. Huntsman acquired the business from an affiliate of FFL Partners, LLC, for $350 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity. The acquisition of Icynene-Lapolla is aligned with Huntsmans strategy of growing its downstream polyurethanes business. The combination of Icynene-Lapolla with Demilec, the SPF business Huntsman acquired in 2018, will create the worlds leading supplier of spray foam products used to insulate commercial and residential structures. The acquisition will further strengthen our portfolio of leading energy-saving insulation applications and technologies, providing customers with an unmatched product offering. Further, it will accelerate the globalization of the combined SPF business by leveraging Huntsmans extensive international network of systems houses. The acquisition will generate substantial synergies as a result of Huntsmans ability to pull through significant volumes of polyols and lower margin upstream polymeric MDI into the higher margin and growing specialized SPF systems. Source February 2020: Mattress foam giants in Radnor and NJ close $850M merger after reaching deal with FTC. An $850 million merger between the country’s largest mattress foam suppliers closed Tuesday, four days after the companies reached an agreement with federal regulators to resolve concerns that the deal would harm competition and drive up prices in the market. The companies, Radnor-based FXI and Red Bank, New Jersey-based Innocor, said they will sell off three regional manufacturing plants to settle a complaint filed by the Federal Trade Commission over the deal. Both firms are private-equity owned and manufacture low-density polyurethane foam used in mattresses, furniture and vehicles. Source

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Rigid Polyurethane Foams Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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