Polyisocyanurate also known as polyiso is a thermosetting type of plastic. It is a closed cell foam, which contains low conductivity, free of hydrochlorofluorocarbon gas in its cells. Polyisocyanurate insulation products provide high thermal resistance thereby, contributing to the heating and climate control in commercial and residential applications. Polyisocyanurate insulations are available in liquid, spray foam, and rigid foam boards. Polyisocyanurate insulations can also be made into laminated insulation panels with a number of facings. The polyisocyanurate insulation which is foamed in place is relatively cheap compared to the foam boards. Manufacturers utilize polyisocyanurate insulations in structural insulated panels. To manufacture structural insulated panels, liquid or foam can be used. Wall panels made of polyisocyanurate have a thickness typically of 3.5 inches (85 mm), whereas ceiling panels are up to 7.5 inches (190 mm).
The growing industrialization and urbanization along with the ongoing renovation and repair activities in the economies are estimated to drive the global polyisocyanurate insulation market. The increasing demand for green buildings owing to sustainability initiatives is contributing to the building efficiency and performance. The global polyisocyanurate insulation market is also witnessing opportunities for growth owing to the national policies and regulations for energy efficiency in the buildings. Governments in the economies that are under low temperate zone most of the year are actively promoting to the zero loss of energy in the buildings that can be achieved through insulation materials, which drives the polyisocyanurate insulation market during the forecast period.
Various economies are embarking upon minimization of carbon emissions to the lowest throughout the world. The regulations and policies to focus on energy efficiency are increasing the demand for insulation materials making it necessary to use polyisocyanurate insulations in a wide area of applications, thereby creating growth opportunities for the polyisocyanurate insulation market. As end users seek energy saving solutions, the end-use industries, especially building and construction, will create growth opportunities for the polyisocyanurate insulation market. One of the challenges for the growth of polyisocyanurate insulation market is the high price of insulation materials, which might restrain their adoption.
Similar to this, owing to the renovation and repair activities in the building and construction sectors owing to increasing commercialization rates, the manufacturers might see growth in their business for insulation materials applications in the construction sector. Currently, maximum demand can be seen from end users who are into renovation and repair activities. Renewable and energy efficiency, government initiatives to support manufacturing and other factors might foster the demand and growth of the polyisocyanurate insulation market. The end users are mainly focused on energy efficiency and low carbon footprint. Increasing research and development & exponential industrialization contribute to developing energy-efficient solutions leading to the growth of the polyisocyanurate insulation market.
Polyisocyanurate Insulation Market Segmentation By type – Liquid,Sprayed foam,Rigid foam board; By application – Acoustic Insulation,Thermal Insulation,Hybrid Insulation;By end use – Building and Construction,Transportation,Consumer Appliances,Others
The renovation and repair activities in Europe and North America along with increasing construction spending in Asia Pacific and the Middle East drives the demand and growth of the polyisocyanurate insulation market. Europe has created maximum demand for energy-efficient products. Likewise, polyisocyanurate insulation is anticipated to be a key contributor to these goals by minimizing the powered temperature control methods and regulating indoor temperatures. Countries such as the U.S., China, and Russia have set environment conservation goals, aiming to reduce the carbon footprint. Several stringent regulations in regards to the increased use of renewable energy sources in Europe are projected to boost the growth of the polyisocyanurate insulation market.
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Examples of some of the market participants in the global polyisocyanurate insulation market are BASF SE, Covestro AG, Huntsman International LLC, Kingspan Group PLC, Lapolla Industries, Inc., Owens Corning, Recticel Group, Saint-Gobain, the Dow Chemical Company, Armacell International S.A. and Johns Manville (U.S.).