Description
Spray Polyurethane Foam Market to surge at xx% CAGR, growing end-use industries in the developing regions and increasing demand for polyurethane foam in building insulation for energy saving expected to propel growth
This report is anticipated to reach USD XXXX million by 2030. The market is estimated to portray a CAGR of xx% during the forecast period i.e. 2020-2030. As per the report, growing end-use industries in the developing regions and increasing demand for polyurethane foam in building insulation for energy saving are likely to drive the market for spray polyurethane foam in the coming years.
The rise in the market is driven by many aspects like substituting green building methods, an ageing health determined population, government protocols, raised demand for bio-based products, and higher cognizance among end-users about the energy consumption in the building. The restraining factors of the spray polyurethane foam market are the risks it professes to the human health. The remaining ones stay in the natural surrounding for a course of time from the time it is smeared on the walls, and the disclosures of the leftovers of the chemicals present in vapors, aerosols, dust or on the surfaces impact health and initiates long-lasting diseases like asthma. This factor is hindering the market.
The market report on global spray polyurethane foam market comprises of the following in-depth analysis:
• The estimated value of the market in 2019 was USD XXXX million.
• Based on product type, the open cell segment emerged out as a key segment in the spray polyurethane foam market across the globe.
• On the basis of application, the commercial walls segment came out to be the leading segment of the market.
• Based on end-use industries, the building & construction segment emerged to be the key segment in the market for spray polyurethane foam.
• Region-wise, the market in Asia Pacific is witnessed to be the key market segment in the growth of the market.
• Key players are likely to focus on product innovations and expansion through union to retain their positions in developed markets.
Spray polyurethane foam is a padding that is spurted on the interior components of a building (e.g., walls, roofs, and floors). It acts as an air obstacle that averts thermal leakages. Spray polyurethane foam is generated by two liquid elements, polyol blend and MDI, which are assorted under pressure and spurted onto a wall opening or roof. Utilization of spray polyurethane foam diminishes the overall conservation cost, prolongs the life period of a building and enables suppleness of building design. The spray polyurethane foam appears in two forms: open cell foam and closed cell foam. Out of these, open cell foam, also referred to as half-pound or low mass foam is estimated to acquire footing in the approaching years, due to its broad purpose in building interiors.
Global spray polyurethane foam market is segmented by product type into open cell, closed cell, two-component high-pressure spray foam, two-component low-pressure spray foam, one component foam and others. Among these, the open cell segment emerged as the key segment, holding a market share of xx% in 2019. The market is segmented by application into residential walls, residential roofing, commercial walls, commercial roofing, insulation, waterproofing, asbestos encapsulation, sealant and other application. Among these, the commercial walls segment came out to be the key segment of the market, capturing xx% of the total market share in 2019. On the basis of end-use industries, the market for spray polyurethane foam is segmented into bedding & furniture, building & construction, electronic, automotive industries, footwear, packaging, textiles & apparels, electric appliances and transportation. The building & construction segment emerged as the leading segment in the market, holding xx% of the total market share in the year 2019. Region-wise, the worldwide spray polyurethane foam market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, the market in Asia Pacific is witnessed to be the key segment, acquiring xx% of the total market share in 2019.
Key Players in the Market
Some of the key players in global spray polyurethane foam market are Rhino Linings Corporation, BASF, Specialty Products Inc., Bayer Material Science, Premium Spray Products, CUFCA, Huntsman International LLC, NCFI Polyurethanes, Certain Teed Corporation, Icynene Inc. and Lapolla Industries.
Get Valuable Insights into Spray Polyurethane Foam Market
In the new report, Fatpos Global thrives to present an unbiased analysis the global spray polyurethane foam market that covers the historical demand data as well as forecast figures for the period i.e. 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The global spray polyurethane foam market is segmented by product type into open cell, closed cell, two-component high-pressure spray foam, two-component low-pressure spray foam, one component foam and others. The market is divided by application into residential walls, residential roofing, commercial walls, commercial roofing, insulation, waterproofing, asbestos encapsulation, sealant and other applications. On the basis of end-use industries, the market for spray polyurethane foam is divided into bedding & furniture, building & construction, electronic, automotive industries, footwear, packaging, textiles & apparels, electrical appliances and transportation. Region-wise, the market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific.
