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Spray Polyurethane Foam Market Size 2019 – Huge Growth Opportunities & Expansion till 2023

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Spray Polyurethane Foam Market is driven by expanding construction industry with rise in residential construction across the globe. The global spray polyurethane foam market has been segmented by type, application, and region

— The increasing use of spray polyurethane foam in residential construction is likely to augment market growth during the forecast period.

Competitive Analysis:

Some of the key players in the global spray polyurethane foam are BASF SE (Germany), Accella Polyurethane Systems (US), Icynene (Canada), DowDuPont (US), NCFI Polyurethanes (US), Soprema (France), Invista (US), Isothane Ltd (UK), Johns Manville (US), Rhino Linings Corporation (US), Certainteed (US), Huntsman International LLC (US), and Specialty Products Inc (US).

Spray Polyurethane Foam Market Overview:

The global spray polyurethane foam (SPF) market was valued at around USD 1648.8 million in 2018 and is expected to register over 7% CAGR during the review period. Spray polyurethane foam is a spray-applied plastic that forms insulation and air sealing barrier on walls, roofs, around corners, and contoured surfaces. It is produced by reacting methylene diphenyl diisocyanate with a polyol blend. Spray polyurethane foam provides high energy conservation efficiency and reduces the need for installing HVAC equipment by around 40-50%. It finds use in numerous building applications such as walls, vented attics, floors, uninsulated basement walls, crawlspaces, and unvented roof deck.

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Market Segmentation:

The global spray polyurethane foam market has been segmented by type, application, and region.

On the basis of type, the market has been segmented into open cell spray polyurethane foam (light density spray foam), closed cell spray polyurethane foam, one component foam, and others. Open cell spray polyurethane foam segment accounted for the largest share of the global spray polyurethane foam market in 2017 and is expected to register a healthy CAGR during the review period. Open cell spray polyurethane foam is being widely used in wall cavities, attics, and crawl spaces due to its superior properties such as air barrier, noise barrier, and flexibility. It is mainly preferred for the mixed and warm climates.

Closed cell spray polyurethane foam is further sub-segmented into high and medium density spray foam. Closed cell spray polyurethane segment accounted for the second largest share of the global spray polyurethane foam market. It finds use in numerous applications such as wall cavities, attics, basements, crawl spaces, and exterior walls; and is suitable in all climates.
Based on application, the market has been divided into walls, roofs, attics, floor, crawl spaces, and others. Walls segment accounted for the largest share of the global spray polyurethane foam market in 2017 and is expected to register a healthy CAGR during the review period. Growing construction industry on account of increase in residential construction is likely to drive the growth of application segment and thus, spray polyurethane foam market.

Regional Analysis:

Based on region, the global spray polyurethane Foam market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in North America accounted for largest share of the global spray polyurethane market on account of increased spending on renovation and maintenance of buildings to meet the growing demand for energy efficient buildings.
Europe is another prominent market in the global spray polyurethane market on account of increasing residential construction in the region.

The market in Asia-Pacific is growing at a significant rate on account of presence of a large number of end-use industries in developing nations such as India and China. The expanding construction industry as a result of rapid urbanization and industrialization is expected to propel the demand for spray polyurethane foam in the region.

The market in Latin America and the Middle East and Africa are likely to grow at a healthy CAGR on account of increased spending on residential and commercial construction.

TABLE OF CONTENTS:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
4.1.4 Threat Of Substitutes
4.1.5 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Spray Polyurethane Foam Market
5 Industry Overview Of Global Spray Polyurethane Foam (SPF) Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis

LIST OF TABLES:

Table 1 World Population In Major Regions (2016–2030)
Table 2 Global Spray Polyurethane Foam Market, By Region, 2016–2023
Table 3 North America: Spray Polyurethane Foam Market, By Country, 2016–2023
Table 4 Europe: Spray Polyurethane Foam Market, By Country, 2016–2023
Table 5 Asia-Pacific: Spray Polyurethane Foam Market, By Country, 2016–2023
Table 7 Middle East & Africa: Spray Polyurethane Foam Market, By Country, 2016–2023
Table 6 Latin America: Spray Polyurethane Foam Market, By Country, 2016–2023
Table 8 Global Spray Polyurethane Foam Type Market, By Region, 2016–2023
Table 9 North America: Spray Polyurethane Foam Type Market, By Country, 2016–2023
Table 10 Europe: Spray Polyurethane Foam Type Market, By Country, 2016–2023

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LIST OF FIGURES:

FIGURE 1 Global Spray Polyurethane Foam Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Spray Polyurethane Foam Market
FIGURE 4 Value Chain Of Global Spray Polyurethane Foam Market
FIGURE 5 Share Of Global Spray Polyurethane Foam Market In 2018, By Country (%)
FIGURE 6 Global Spray Polyurethane Foam Market, 2016–2023,
FIGURE 7 Sub-Segments Of Type, 2018

About Market Research Future:

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Contact Info:
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Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/spray-polyurethane-foam-market-7348

Source URL: https://marketersmedia.com/spray-polyurethane-foam-market-size-2019-huge-growth-opportunities-expansion-till-2023/88912063

Source: MarketersMedia

Release ID: 88912063

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