The Global Polycyanurate Foam Market was valued at USD 712.4 Million in 2024 and is projected to reach USD 1,124.6 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2032). This robust growth is being fueled by stringent global energy efficiency regulations, an expanding construction sector, and the accelerating adoption of high-performance insulation materials across residential, commercial, and industrial applications.

As the world intensifies its focus on sustainable building practices and carbon reduction, the spotlight is on the key material innovators who are driving advancements in thermal efficiency, fire safety, and environmental performance. In this blog, we profile the Top 10 Companies in the Polycyanurate Foam Industry—a diverse group of multinational chemical giants, specialized manufacturers, and regional leaders shaping the future of global insulation.

---

🔟 1. Kingspan Group

Headquarters: Kingscourt, Ireland
Key Offering: PIR Insulation Boards, Composite Panels, Specialty Foams

Kingspan Group is the undisputed global leader in the polycyanurate foam market, commanding approximately 18.3% revenue share. The company’s vertically integrated operations span Europe, North America, and Asia, producing a comprehensive range of high-performance insulation products for the construction industry. Kingspan is renowned for its innovative “Kooltherm” and “Insulated Panel” systems that deliver exceptional thermal performance with minimal thickness, making them ideal for space-constrained applications.

Sustainability Initiatives:

• Planet Passionate sustainability program targeting net-zero carbon manufacturing by 2030

• Investment in bio-based raw materials and closed-loop production processes

• Development of foam formulations with ultra-low Global Warming Potential (GWP) blowing agents

Download FREE Sample Report: Global Polycyanurate Foam Market – View in Detailed Research Report

---

9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Styrodur® PIR Foam, Elastopor® Rigid Foam Systems

BASF, one of the world’s largest chemical producers, is a major force in polycyanurate foam through its Performance Materials division. The company’s Styrodur® brand represents a premium PIR foam line known for excellent compressive strength and long-term thermal resistance, particularly suited for roofing, flooring, and perimeter insulation applications. BASF leverages its extensive R&D capabilities to develop advanced foam chemistries that meet evolving regulatory requirements.

Sustainability Initiatives:

• Carbon-neutral foam production roadmap with renewable energy integration

• Development of halogen-free flame retardant systems for enhanced environmental profile

---

8️⃣ 3. Johns Manville

Headquarters: Denver, Colorado, USA
Key Offering: JM Tuff-R® PIR Insulation, Roofing Boards, Metal Panel Insulation

A Berkshire Hathaway company, Johns Manville is a leading North American manufacturer of insulation and building products. Their JM Tuff-R® polyisocyanurate insulation is widely specified for commercial roofing and wall applications due to its high R-value per inch and excellent fire performance characteristics. The company operates multiple manufacturing facilities across the United States, serving both contractors and building owners with comprehensive insulation solutions.

Sustainability Initiatives:

• Zero-landfill manufacturing operations at multiple facilities

• Product environmental product declarations (EPDs) for transparency

---

7️⃣ 4. SOPREMA

Headquarters: Strasbourg, France
Key Offering: XPS and PIR Insulation Boards, Roofing Systems

SOPREMA is a European leader in waterproofing and insulation systems, with a growing portfolio of polycyanurate foam products. The company’s PIR offerings are particularly strong in flat roofing applications, where their integrated systems combine insulation with waterproofing membranes for superior performance. SOPREMA’s recent acquisition of Italpannelli has strengthened its position in the Mediterranean market and expanded its product range.

Sustainability Initiatives:

• Alveosystem® technology for enhanced thermal efficiency in building envelopes

• Commitment to Cradle to Cradle Certified™ product development

Download FREE Sample Report: Global Polycyanurate Foam Market – View in Detailed Research Report

---

6️⃣ 5. Armacell International S.A.

Headquarters: Luxembourg City, Luxembourg
Key Offering: ArmaGel® PIR, Industrial Insulation, HVAC Solutions

Armacell specializes in engineered foams with a strong focus on industrial and equipment insulation applications. While historically known for elastomeric foams, the company has significantly expanded its PIR portfolio, particularly for technical applications requiring high temperature resistance and dimensional stability. Their recent €40 million R&D center inauguration in Germany underscores their commitment to innovation in sustainable foam technologies.

Sustainability Initiatives:

• Development of PIR foams with reduced embodied carbon

• Recycling initiatives for foam manufacturing waste

---

5️⃣ 6. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Polyurethane and Polyisocyanurate Systems, MDI-based Formulations

Huntsman is a key upstream player in the polycyanurate foam value chain as a major producer of methylene diphenyl diisocyanate (MDI), the primary raw material for PIR foam. Through its Polyurethanes division, the company supplies formulated systems to foam manufacturers worldwide. Huntsman’s expertise in isocyanate chemistry enables the development of specialized foam systems with enhanced fire performance and processing characteristics.

Sustainability Initiatives:

• Investment in bio-based MDI production technologies

• Partnerships with foam manufacturers to improve environmental footprint

---

4️⃣ 7. Zhejiang Zhenshen Insulation Technology Corp.

Headquarters: Hangzhou, China
Key Offering: PIR Insulation Panels, Cold Storage Foam, Building Boards

As China’s largest polycyanurate foam producer, Zhejiang Zhenshen commands nearly 15% of the regional market share. The company’s massive manufacturing capacity, expanded through recent investments in Jiangsu province, enables production of over 50 million square meters of low-density foam products annually. Their products are widely used in China’s booming construction sector and growing cold chain logistics industry.

Sustainability Initiatives:

• Adoption of energy-efficient manufacturing technologies

• Development of formaldehyde-free foam formulations

---

3️⃣ 8. Unilin Insulation

Headquarters: Wielsbeke, Belgium
Key Offering: PIR Roofing Boards, Floor Insulation, Façade Panels

Unilin Insulation, part of the Unilin Group, is a prominent European manufacturer of insulation materials with a strong focus on polycyanurate solutions. The company’s product range includes high-performance PIR boards for various construction applications, particularly emphasizing solutions for renovation and energy retrofit projects. Unilin’s technical expertise in moisture resistance makes their products suitable for challenging building environments.

Sustainability Initiatives:

• Product innovations focused on circular economy principles

• Energy-efficient manufacturing processes with reduced carbon footprint

---

2️⃣ 9. DuPont de Nemours, Inc.

Headquarters: Wilmington, Delaware, USA
Key Offering: Styrofoam™ Brand PIR, Building Solutions

DuPont maintains a significant presence in the polycyanurate foam market through its diverse portfolio of insulation products. While historically focused on extruded polystyrene, the company has expanded its PIR offerings to meet demand for higher-performance insulation materials. DuPont’s strong brand recognition and technical support services make them a preferred supplier for specifiers and contractors in commercial construction.

Sustainability Initiatives:

• Commitment to sustainable product innovation through corporate sustainability goals

• Development of next-generation foam blowing agents with lower environmental impact

---

1️⃣ 10. Recticel NV/SA

Headquarters: Brussels, Belgium
Key Offering: PIR Insulation Boards, Engineered Foams, Custom Solutions

Recticel is a European specialty polyurethane foam producer with growing capabilities in polycyanurate formulations. The company’s insulation division produces PIR boards for building applications, with particular strength in customized solutions for specific project requirements. Recticel’s technical expertise allows them to develop foams with tailored properties for unique architectural and industrial applications.

Sustainability Initiatives:

• Focus on recyclable and reusable foam products

• Investment in production technologies that reduce energy consumption

Read Full Report: Global Polycyanurate Foam Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Polycyanurate Foam Is Smarter and More Sustainable

The polycyanurate foam market is undergoing a significant transformation. While traditional insulation applications continue to dominate volume, the industry is investing heavily in sustainable formulations, advanced manufacturing technologies, and circular economy principles.

📈 Key Trends Shaping the Market:

• Rapid expansion of bio-based and recycled content formulations in Europe and North America

• Regulatory push for higher building energy efficiency standards driving premium insulation adoption

• Digitalization of manufacturing and supply chains for enhanced efficiency and quality control

• Industry collaborations to address end-of-life recycling challenges and improve sustainability credentials

Read Full Report: Global Polycyanurate Foam Market – View in Detailed Research Report

The companies listed above are not only supplying essential insulation materials—they’re spearheading the energy-efficient transformation of the global built environment.