The U.S. polyisocyanurate insulation market is expected to experience steady growth in the coming years due to the increasing demand for energy-efficient building materials. The growing emphasis on sustainable construction practices and the need to reduce greenhouse gas emissions are driving the adoption of polyisocyanurate insulation in residential, commercial, and industrial buildings.
Two growth drivers of the U.S. polyisocyanurate insulation market include the rising awareness about the benefits of thermal insulation in reducing energy consumption and the increasing adoption of green building standards across the country. These factors are expected to fuel the demand for polyisocyanurate insulation products in the construction industry.
Segment Analysis:
In terms of product type, the U.S. polyisocyanurate insulation market can be segmented into rigid foam boards, spray foam, and faced boards. Rigid foam boards are expected to dominate the market due to their high thermal resistance and ease of installation. Spray foam insulation is also gaining popularity in the market, especially in retrofit applications.
Competitive Landscape:
The U.S. polyisocyanurate insulation market is highly competitive with the presence of both established players and new entrants. Some of the key players in the market include Johns Manville, Dow Inc., Kingspan Group, and BASF SE. These companies are focusing on product innovations, strategic partnerships, and mergers and acquisitions to gain a competitive edge in the market.