Global Rigid Foam Market Scenario:

The Rigid Foam industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Rigid Foam market size to maintain the average annual growth rate of 0.0440858465388 from 54000.0 million $ in 2014 to 67000.0 million $ in 2019, Market analysts believe that in the next few years, Rigid Foam market size will be further expanded, we expect that by 2024, The market size of the Rigid Foam will reach 99780.0 million $.

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Rigid foams produced using extended polystyrene (EPS), extruded polystyrene (XPS), and polyisocyanurate are valued for their thermal insulation features and offer durability and moisture control. Rigid foams are utilized in the outside and inside walls, under floor, and roof assemblies to decrease the impact of thermal bridges. They also decrease or remove the quantity of air leaks. Rigid foams are utilized in walls to upgrade the overall R-value or thermal resistance of the wall. The use of thermally resistant rigid foams in the construction of houses significantly contributes to energy saving while decreasing greenhouse gas (GHG) emissions. The diversification of the application base of these foams in the building and construction industry is wants to boost the growth of the rigid foam market.

The boost of the rigid foam market is driven by the rising usage of rigid foams in the building & construction, appliances for insulation and energy saving, and in the automobile market for weight reduction. These foams are also being increasingly utilized in the packaging end-use industry, owing to their light weight and durability. Volatility in the cost of raw materials used for the manufacture of rigid foams directly impacts their prices, which acts as a driver for the growth of the rigid foam market.

The detailed segments and sub-segment of the Rigid Foam Market are given below:

1) Product Type Segmentation:

Polyurethane (PU):
polyurethane segment of the rigid foam market is expected to grow at the highest CAGR during the forecast period

Polyurethane rigid foams are closed cell structure; possess high crosslinking density with high temperature stability, high compressive strength and excellent insulation properties. It is used in the building & construction, appliances, automotive, packaging, and various other end-use industries. Polyurethane rigid foam is used in the building & construction end-use industry for thermal insulation and energy consuming. In the automobile industry, as it affects energy absorption, structural strength, weight reduction and recyclability. Increased demand for automobiles and infrastructure developments across the globe are expected to lead to an increase in their production and is thus expected to fuel the the polyurethane foam market during the forecast period.

Polystyrene (PS)
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
2) Industry Segmentation:

Construction & Building:
The building & construction segment register for the largest share in the global rigid foam market. Rigid foams are utilized to reduce the heat transfer between house interior and the external environment. Their utilization in the construction of houses and buildings decrease the energy needed for heating and cooling the interior spaces of buildings, shops, and offices. The most common rigid foams used as thermal insulators for building and construction uses are made from expanded polystyrene (EPS), extruded polystyrene (XPS), and polyisocyanurate.

Packaging
3) Region Segmentation:

Regionally, North America and Europe holds major share in Global Rigid Foam Market. Moreover, Asia-Pacific is expected to record higher growth rate in Rigid Foam market during the forecast year.

North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Top Leading player in Global Rigid Foam Market:

BASF, Synthos, Covestro, Dow Chemical, Sunpor, Sunde, Saint-Gobain, Owens Corning, Styrochem, Kingspan, Loyal Group, Xingda, Nanjing Hongbaoli, WanhuaChemical, Huafon, Feininger

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Industry news:

BASF (12 February, 2020)

BASF further invests in Europe to strengthen global leadership position for battery materials for electric vehicles

BASF announces Schwarzheide, Germany, as location for cathode active material production in Europe
Battery materials plants in Germany and Finland will utilize an industry leading energy mix lowering CO2 emissions across the value chain
BASF is announcing a new battery materials production site in Schwarzheide, Germany, as part of its multi-step investment plan to support the European electric vehicle (EV) value chain. This state-of-the art plant will produce cathode active materials (CAM) with an initial capacity enabling the supply of around 400,000 full electric vehicles per year with BASF battery materials. Innovative cathode materials by BASF increase the performance of batteries, promoting the success of climate-friendly mobility.

The Schwarzheide plant’s modular design and infrastructure allows for the rapid scale-up of manufacturing capacities enabling BASF to meet increasing customer demand for the European EV market. The plant in Schwarzheide will use precursors (PCAM) from BASF’s previously announced plant in Harjavalta, Finland. Startup of the two plants is planned for 2022.

“The plants in Finland and Germany will offer our customers reliable access to tailored high-nickel cathode active materials in proximity to their European manufacturing facilities,” said Dr. Peter Schuhmacher, President, Catalysts division at BASF. With these investments in Finland and Germany, BASF will be the first CAM supplier with local production capacities in today’s three major markets – Asia, the U.S. and Europe. BASF will become the leading supplier with a reliable, sustainable and European-based supply chain which will comprise base metal supply, particularly nickel and cobalt, precursor production, and cathode material production within one region.

Significant points in table of contents of Global Rigid Foam Market Report 2020:

1 Rigid Foam Product Definition

2 Global Rigid Foam Market Manufacturer Share and Market Overview

3 Manufacturers Rigid Foam Business Introduction

4 Global Rigid Foam Market Segmentation (Region Level)

5 Global Rigid Foam Market Segmentation (Product Type Level)

6 Global Rigid Foam Market Segmentation (Industry Level)

7 Global Rigid Foam Market Segmentation (Channel Level)

8 Rigid Foam Market Forecasts 2020-2024

9 Rigid Foam Segmentation Product Type

10 Rigid Foam Segmentation Industry

11 Rigid Foam Cost of Production Analysis

12 Conclusions

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