Global Polyisocyanurate Insulation Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Liquid, Spray, and Rigid Foam/Board.By Application;
Acoustic, Thermal, and Hybrid.By End Users;
Building & Construction - Roofs and Walls, Transport - Consumer Appliances, and Others.Segmented by Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Polyisocyanurate Insulation Market (USD Million), 2021 - 2031
In the year 2024, the Global Polyisocyanurate Insulation Market was valued at USD 13,792.21 million. The size of this market is expected to increase to USD 20,466.03 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.
The global polyisocyanurate (PIR) insulation market has seen significant growth due to the increasing demand for energy-efficient building materials. PIR insulation, known for its high thermal resistance and fire retardant properties, is widely used in both residential and commercial buildings. Its excellent performance in reducing heat transfer and improving energy efficiency makes it a preferred choice for thermal insulation in walls, roofs, and floors. The rising global awareness about the importance of energy conservation, along with stricter building codes and regulations, is driving the adoption of PIR insulation products in construction projects.
Asia Pacific holds a prominent share in the PIR insulation market, driven by rapid urbanization, industrialization, and infrastructure development in countries like China, India, and Japan. The region's growing construction sector, particularly in the residential and commercial building segments, is contributing to the demand for effective insulation solutions. North America and Europe also represent significant markets, fueled by the increasing trend of green building certifications and renovation projects aimed at improving energy efficiency. The market in these regions is bolstered by government initiatives and incentives for adopting sustainable and energy-efficient materials.
The market faces challenges, including fluctuations in raw material prices and competition from alternative insulation materials such as polystyrene and mineral wool. Despite these challenges, the innovation in PIR products, such as the development of more environmentally friendly and cost-effective versions, is expected to drive future market growth. Furthermore, the increasing focus on the construction of energy-efficient buildings, particularly in regions with extreme weather conditions, will continue to fuel the demand for PIR insulation in the coming years.
Global Polyisocyanurate Insulation Market Recent Developments
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June 2023, Bitec introduced DuraPlanTM EcoSet Green adhesive, a low-solvent solution for roofing, expanding its product portfolio in sustainable insulation solutions.
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July 2022, GAF announced the construction of a new polyisocyanurate insulation manufacturing facility in Illinois, aiming to boost production of its EnergyGuard product line.
Segment Analysis
The Global Polyisocyanurate Insulation Market has been segmented by Product Type, Application, End Users and Geography. By product type, PIR insulation is primarily categorized into rigid foam boards and spray foam. Rigid foam boards dominate the market due to their versatility, ease of installation, and high thermal resistance. These boards are commonly used in roofing systems, walls, and floors. Spray foam, though a smaller segment, is gaining traction due to its ability to expand and fill irregular spaces, providing superior air and moisture barrier properties. The growth in demand for both types is driven by the need for improved energy efficiency and fire safety in building structures.
In terms of application, the PIR insulation market is segmented into residential, commercial, and industrial sectors. The residential sector holds the largest share, as homeowners increasingly seek energy-efficient solutions to reduce heating and cooling costs. In commercial applications, PIR insulation is used extensively in both new constructions and retrofitting projects, particularly for roofs, walls, and facades, due to its excellent thermal performance and fire resistance. The industrial sector, while smaller, is also a key consumer, especially in cold storage facilities and manufacturing plants where temperature control is crucial. The growing trend of sustainable construction practices across all sectors further contributes to the adoption of PIR insulation.
The market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America and Europe represent mature markets driven by stringent building codes and a strong focus on energy-efficient construction. The Asia Pacific region, particularly countries like China and India, is witnessing rapid growth due to urbanization, infrastructure development, and the increasing demand for energy-efficient buildings. Latin America and the Middle East & Africa are emerging markets, where the construction industry is growing, and awareness of the benefits of PIR insulation is gradually rising. As governments across these regions implement stricter energy regulations, the demand for PIR insulation is expected to surge, particularly in the residential and commercial construction sectors.
Global Polyisocyanurate Insulation Segment Analysis
In this report, the Global Polyisocyanurate Insulation Market has been segmented by Product Type, Application, End Users and Geography.
Global Polyisocyanurate Insulation Market, Segmentation by Product Type
The Global Polyisocyanurate Insulation Market has been segmented by Product Type into Liquid, Spray and Rigid Foam/Board.
The global polyisocyanurate (PIR) insulation market is segmented by product type into three main categories: liquid, spray, and rigid foam/board. Among these, rigid foam/board insulation holds the largest share due to its widespread use in both residential and commercial applications. Rigid PIR foam boards are favored for their high thermal resistance, ease of installation, and excellent performance in minimizing heat transfer. These boards are commonly used in roofing systems, wall cavities, and floor insulation, making them the most popular choice in construction projects focused on energy efficiency and fire safety. Their ability to resist moisture and maintain thermal performance in extreme conditions further drives their demand globally.
Spray PIR foam is a growing segment, particularly in the commercial and industrial sectors. Spray foam insulation is valued for its ability to expand upon application, filling gaps and irregular spaces, which results in better air sealing and moisture resistance. It provides superior insulation for hard-to-reach areas and is often used in existing buildings during renovations or retrofitting. This product type is becoming increasingly popular in regions with extreme weather conditions where airtightness is a priority. Despite being a smaller segment compared to rigid boards, the spray foam market is gaining momentum due to the increasing focus on energy efficiency, air quality, and reducing energy consumption in buildings.
The liquid PIR insulation market is relatively niche but has unique applications in certain industries. Liquid insulation is applied directly to surfaces and cures to form a protective layer of insulation. This type is often used in specialized industrial applications, such as pipelines, tanks, and machinery, where custom insulation is required. It offers excellent thermal and fire-resistant properties but is less commonly used in mainstream construction compared to rigid foam or spray foam. The liquid form is more labor-intensive and requires skilled application, limiting its market penetration. However, it holds potential in specific industrial and high-performance applications where other forms of PIR insulation may not be feasible or efficient.
Global Polyisocyanurate Insulation Market, Segmentation by Application
The Global Polyisocyanurate Insulation Market has been segmented by Application into Acoustic, Thermal and Hybrid.
The global polyisocyanurate (PIR) insulation market is segmented by application into three key categories: acoustic, thermal, and hybrid. The thermal application segment dominates the market, driven by the widespread use of PIR insulation for its superior thermal performance. PIR materials are highly effective in reducing heat transfer, making them essential in construction projects aimed at improving energy efficiency. In residential, commercial, and industrial buildings, PIR insulation is primarily used in walls, roofs, floors, and facades to maintain consistent indoor temperatures and reduce the need for excessive heating or cooling, resulting in lower energy consumption and utility costs. As building codes continue to evolve and prioritize energy efficiency, the demand for thermal applications of PIR insulation is expected to remain robust.
The acoustic application segment of the PIR insulation market is also growing, although it represents a smaller share compared to thermal applications. PIR materials provide soundproofing qualities due to their dense, closed-cell structure, which helps reduce noise transmission. This makes them ideal for use in spaces that require noise control, such as offices, residential buildings, schools, and hospitals. Acoustic PIR insulation is used in walls, ceilings, and floors to minimize sound leakage between rooms or from the outside environment. The growing focus on indoor environmental quality and noise reduction in urban environments is boosting the demand for acoustic PIR products, particularly in areas where noise pollution is a concern.
The hybrid application segment, which combines both thermal and acoustic properties, is an emerging area within the PIR insulation market. Hybrid insulation products offer the dual benefits of reducing heat transfer while simultaneously providing noise reduction. These products are especially useful in buildings where both energy efficiency and soundproofing are crucial, such as in multi-family housing, hotels, and commercial buildings. Hybrid PIR insulation solutions are gaining popularity due to their versatility in addressing multiple needs within a single product, making them a cost-effective and efficient option for building projects that require both thermal insulation and noise control. The increasing demand for multi-functional insulation materials is expected to drive the growth of the hybrid application segment in the coming years.
Global Polyisocyanurate Insulation Market, Segmentation by End Users
The Global Polyisocyanurate Insulation Market has been segmented by End Users into Building & Construction - Roofs and Walls, Transport - Consumer Appliances and Others.
The global polyisocyanurate (PIR) insulation market is segmented by end users into building & construction (roofs and walls), transport (consumer appliances), and others. The building and construction sector, particularly in roofs and walls, is the largest end-user segment for PIR insulation. PIR is extensively used in the construction of both residential and commercial buildings due to its high thermal resistance, fire safety, and moisture resistance. In roofing systems, PIR insulation helps reduce heat transfer, improving energy efficiency and reducing the need for heating or cooling. Similarly, in walls, it serves to maintain temperature control and reduce energy costs. The ongoing trend toward sustainable building practices, coupled with stringent building regulations and a strong focus on energy efficiency, ensures continued demand for PIR insulation in the building and construction sector.
In the transport sector, including consumer appliances, PIR insulation is gaining traction due to its ability to enhance energy efficiency and reduce thermal loss. PIR foam is commonly used in refrigerated transport systems, such as refrigerated trucks and shipping containers, due to its excellent thermal insulating properties. This helps maintain the required temperature for perishable goods during transportation. Additionally, PIR insulation is used in consumer appliances, including refrigerators and freezers, where efficient thermal management is essential for reducing energy consumption. As energy efficiency becomes a priority in both transportation and appliances, the demand for PIR insulation in this segment is expected to grow steadily.
The "others" segment of the market covers a variety of niche applications, including industrial uses and specialized insulation products. PIR insulation is utilized in industries such as manufacturing, cold storage, and food processing, where maintaining precise temperature control is essential. Additionally, it is used in infrastructure projects, including pipelines, tanks, and other specialized applications where high-performance insulation is needed. While this segment is smaller compared to building & construction and transport, it is growing as industries seek high-performance, energy-efficient solutions to meet their insulation needs. As technology advances and industries demand more efficient and environmentally friendly materials, the "others" segment is expected to see increasing adoption of PIR insulation in various industrial applications.
Global Polyisocyanurate Insulation Market, Segmentation by Geography
In this report, the Global Polyisocyanurate Insulation Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Polyisocyanurate Insulation Market Share (%), by Geographical Region, 2024
The global polyisocyanurate (PIR) insulation market is geographically diverse, with North America, Europe, and Asia Pacific dominating the overall market share. North America leads the market of the global share. The strong demand in the U.S. and Canada is primarily driven by the construction industry’s focus on energy-efficient buildings and sustainable materials. The region’s stringent building codes, such as the U.S. Green Building Council’s LEED certifications and energy-efficient standards, create a favorable environment for PIR insulation products. Additionally, the increasing adoption of retrofitting and renovation projects, coupled with government incentives for energy-saving initiatives, further propels market growth in North America.
The European market is driven by the region's commitment to sustainability and energy efficiency in construction. Strict regulations aimed at reducing carbon footprints, such as the European Union's directives on energy performance in buildings, have accelerated the demand for PIR insulation in both residential and commercial buildings. The ongoing trend of green building certifications, energy retrofitting projects, and the region’s focus on reducing heating and cooling costs are key factors influencing the market’s growth in Europe. Countries like Germany, the UK, and France are major consumers of PIR insulation materials.
The rapid industrialization and urbanization in countries like China, India, and Japan have led to increased demand for energy-efficient insulation materials in both commercial and residential construction projects. The expansion of infrastructure, coupled with rising awareness of energy conservation, positions Asia Pacific as a key player in the market. The ongoing construction boom, particularly in emerging economies in Southeast Asia, is expected to drive the demand for PIR insulation in the region. Additionally, government initiatives supporting sustainable construction and energy efficiency are further fueling the market's growth in Asia Pacific.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Polyisocyanurate Insulation Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing demand for energy-efficient buildings
- Growth in construction and infrastructure development
- Stringent environmental regulations and energy codes
- Technological advancements in insulation materials
- Rising awareness of sustainable building practices
The growing awareness of sustainable building practices is a key driver of the polyisocyanurate (PIR) insulation market. As more individuals, organizations, and governments become increasingly concerned about environmental sustainability, there is a strong push towards energy-efficient and environmentally friendly construction methods. Sustainable building practices focus on reducing energy consumption, lowering carbon footprints, and minimizing waste, all of which align with the benefits of using high-performance insulation materials like PIR. By improving thermal efficiency, PIR insulation helps reduce heating and cooling demands, thereby conserving energy and contributing to a lower overall environmental impact in the building sector.
With governments worldwide implementing stricter energy efficiency standards and building codes, there is a heightened demand for materials that can meet these requirements. PIR insulation stands out due to its excellent thermal resistance properties, which can significantly improve a building’s energy performance. This growing regulatory pressure, combined with the rising public and corporate demand for sustainability, is encouraging the adoption of PIR insulation in both new construction and renovation projects. In particular, green building certifications such as LEED (Leadership in Energy and Environmental Design) often promote the use of insulation materials that contribute to energy savings, further fueling the demand for PIR products.
The increasing awareness of sustainable building practices is linked to broader trends in environmental responsibility, including the desire for reduced environmental footprints in the construction industry. The use of sustainable insulation materials like PIR not only improves energy efficiency but also supports the reduction of greenhouse gas emissions by optimizing building performance. As the construction industry continues to evolve towards a more eco-conscious future, the demand for materials that contribute to sustainability goals will only rise. This shift is likely to create new opportunities for innovation in insulation technologies, such as enhanced PIR formulations that offer even greater environmental benefits while maintaining or improving performance.
Restraints
- High raw material costs
- Competition from alternative insulation materials
- Concerns over the environmental impact of production
- Limited product availability in some regions
Limited product availability in some regions is a significant challenge for the polyisocyanurate (PIR) insulation market. While PIR insulation is widely used in developed economies where demand for energy-efficient and sustainable building solutions is high, it faces barriers in certain emerging or less-developed regions. Factors such as inadequate distribution networks, the high cost of importing specialized materials, and the lack of local manufacturing facilities contribute to the limited availability of PIR products. In these areas, alternative insulation materials, which may be cheaper or more readily available, often dominate the market, further limiting PIR's adoption.
In addition to logistical challenges, regional differences in building codes and standards can also hinder the widespread use of PIR insulation in some countries. While developed regions have stringent energy efficiency regulations that drive demand for advanced materials like PIR, many developing markets still lack such robust building codes or may have lower awareness of the benefits of high-performance insulation. Consequently, construction practices in these regions may not prioritize energy efficiency or sustainability, reducing the incentive for using PIR insulation. As a result, even though the demand for energy-efficient solutions is growing globally, PIR may not be as accessible in regions where building practices are slower to change.
To address these challenges, there is an opportunity for manufacturers and distributors to focus on expanding their reach into underserved markets. Increased local production facilities or partnerships with regional companies could help overcome logistical constraints and lower the costs associated with transporting PIR insulation to distant regions. Moreover, raising awareness about the long-term benefits of energy-efficient materials and promoting building codes that align with global sustainability goals could foster greater demand for PIR in these markets. Over time, improving the availability and affordability of PIR insulation in emerging regions could unlock significant growth potential for the market.
Opportunities
- Expansion in emerging markets
- Increasing use in the industrial and commercial sectors
- Growing demand for retrofitting and renovation projects
- Research and development for improved performance and cost reduction
The adoption of polyisocyanurate (PIR) insulation in cold storage and refrigerated applications is growing due to its excellent thermal resistance properties, which make it an ideal choice for temperature-sensitive environments. In cold storage facilities, where maintaining specific temperature conditions is crucial for preserving perishable goods, PIR insulation helps to minimize energy loss and ensure consistent temperature regulation. This is particularly important in industries such as food storage, pharmaceuticals, and logistics, where even minor fluctuations in temperature can lead to significant product degradation or spoilage. PIR's high thermal efficiency ensures that these facilities can operate more energy-efficiently, reducing overall cooling costs while maintaining optimal conditions for stored goods.
In addition to its thermal performance, PIR insulation offers excellent moisture resistance, which is essential in cold storage applications where condensation is a common issue. Moisture can lead to mold growth, corrosion, and reduced insulation performance over time. PIR’s closed-cell structure helps prevent water vapor absorption, ensuring that the insulation retains its effectiveness in high-humidity environments typical of refrigerated spaces. This durability and moisture resistance make PIR a long-lasting solution, providing added value to cold storage facilities by reducing maintenance costs and extending the lifespan of the insulation material.
The demand for cold storage facilities is growing globally due to increased trade, changing consumer habits, and the need for efficient distribution of perishable goods. As a result, the demand for high-performance insulation materials like PIR is expected to rise in refrigerated applications. Additionally, as sustainability becomes a higher priority across industries, businesses are increasingly looking for materials that not only improve energy efficiency but also support their environmental goals. PIR insulation’s ability to reduce energy consumption and minimize environmental impact aligns well with these objectives, further driving its adoption in cold storage and refrigerated applications. As the market continues to expand, PIR is likely to play an increasingly important role in meeting the thermal performance needs of these specialized environments.
Competitive Landscape Analysis
Key players in Global Polyisocyanurate Insulation Market include,
- DowDuPont Inc
- Owens Corning Insulating Systems LLC
- Saint-Gobain
- Kingspan Group plc
- Honeywell International Inc
- Johns Manville Corporation
- Stepan Company
- Soprema Group
- Knauf Insulation
- Atlas Roofing Corporation
- GAF Materials Corporation
- Carlisle SynTec Systems
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Application
- Market Snapshot, By End Users
- Market Snapshot, By Region
- Global Polyisocyanurate Insulation Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing demand for energy-efficient buildings
- Growth in construction and infrastructure development
- Stringent environmental regulations and energy codes
- Technological advancements in insulation materials
- Rising awareness of sustainable building practices
- Restraints
- High raw material costs
- Competition from alternative insulation materials
- Concerns over the environmental impact of production
- Limited product availability in some regions
- Opportunities
- Expansion in emerging markets
- Increasing use in the industrial and commercial sectors
- Growing demand for retrofitting and renovation projects
- Research and development for improved performance and cost reduction
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Polyisocyanurate Insulation Market, By Product Type, 2021 - 2031 (USD Million)
- Liquid
- Spray
- Rigid Foam/Board
- Global Polyisocyanurate Insulation Market, By Application, 2021 - 2031 (USD Million)
- Acoustic
- Thermal
- Hybrid
- Global Polyisocyanurate Insulation Market, By End Users, 2021 - 2031 (USD Million)
- Building & Construction
- Roofs
- Walls
- Transport
- Consumer Appliances
- Others
- Global Polyisocyanurate Insulation Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Polyisocyanurate Insulation Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- DowDuPont Inc
- Owens Corning Insulating Systems LLC
- Saint-Gobain
- Kingspan Group plc
- Honeywell International Inc
- Johns Manville Corporation
- Stepan Company
- Soprema Group
- Knauf Insulation
- Atlas Roofing Corporation
- GAF Materials Corporation
- Carlisle SynTec Systems
- Company Profiles
- Analyst Views
- Future Outlook of the Market