Global Polyurethane Insulation Market to Reach $11 Billion by 2031 on Energy Efficiency Demand
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Global polyurethane spray foam insulation market size was $5.9 billion in 2022 and is projected to reach $11 billion by 2031, growing at a CAGR of 7.2%.
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Demand is driven by increasing construction activity and need for energy efficiency in buildings. Europe and Asia Pacific are key markets.
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Two-component high-pressure polyurethane spray foam insulation is the dominant product type due to its superior insulating properties.
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Major players like BASF, Dow, Huntsman, and Carlisle Construction Materials are expanding product ranges and capabilities.
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Key trends are shifting energy landscape, rising energy prices, tightening building codes, and need for sustainable construction practices.