BASF SEBASF is a key player in rigid foam, benefiting from projected market growth.
The global rigid foam market is projected to grow from USD 85.43 billion in 2025 to USD 200.43 billion by 2035, at a compound annual growth rate of 8.9 percent, according to a report by SNS Insider. Polyurethane rigid foam held the largest share of the market in 2025 at around 48 percent, while the building and construction insulation application accounted for an estimated 52 percent of the market. Asia Pacific dominated the global market in 2025, with China contributing around 44.8 percent of regional revenues, and Europe is expected to be the fastest-growing regional market, with its rigid foam market estimated at USD 22.21 billion in 2025 and projected to reach USD 50.82 billion by 2035. The U.S. rigid foam market was valued at approximately USD 17.92 billion in 2025 and is expected to reach approximately USD 42.10 billion by 2035, growing at a CAGR of approximately 8.93 percent. Key players include BASF SE, Dow Inc., Covestro AG, Huntsman Corporation, and Owens Corning.
BASF SEBASF is a key player in rigid foam, benefiting from projected market growth.
Huntsman CorporationHuntsman is a key player in rigid foam, benefiting from projected market growth.
Dow IncRigid foam market growth driven by energy codes and cold chain demand benefits Dow as a key player in polyurethane rigid foam.
Owens Corning IncOwens Corning is a key player in rigid foam, benefiting from projected market growth.