European Spray Polyurethane Foam Market to Witness Robust growth in Future
Transparency Market Research (TMR) has recently published a new market study about the global spray polyurethane foam market. The report provides a comprehensive study of the industry on the basis of comparative analysis of the past and present performance and considering the development prospects of the market. According to the report titled “Spray Polyurethane Foam Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, the global market for spray polyurethane foam was valued at US$1135.3 million in 2012. The report predicts that, by 2019, this industry is likely to register a market value of US$1823 million.
Browse the full Spray Polyurethane Foam (Open Cell, Closed Cell and Others) Market for Residential Walls, Residential Roofing, Commercial Walls, Commercial Roofing and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at https://www.transparencymarketresearch.com/spray-polyurethane-foam-market.html
Spray polyurethane foam, also known as SPF, is produced by mixing and reacting chemicals such as various isocyanates and polyols in the presence of flame retardants, catalysts, and blowing agents. The mixing and reacting chemicals rapidly reacts to create foam, which insulates, air seals, and gives a barrier to moisture. The spray polyurethane foam insulation is well-known to resist the transfer of heat extremely well, offering a highly effective solution in decreasing unnecessary air infiltration through seams, cracks, and joints.Spray polyurethane foam has a comparatively lower carbon footprint as it shows higher energy conservation efficiency than its conventional substitutes such as glass. The environmental advantages added with the government policies for energy efficient structures are the primary factors propelling the demand for spray polyurethane foam. This demand is specifically dependent on the construction industry, thus, making the expansion of construction industry one of the major factors triggering the market growth.
Many severe occupational health disorders such as asthma can be blamed on the raw material used in the production of spray polyurethane foam. This factor creates a major hindrance in the growth of this market. Further, the instability in the raw materials prices is likely to restrict the market growth in the near future. However, the research and development activities to produce bio-based spray polyurethane foam are likely to offer an enormous growth opportunity for this industry.In 2012, over 90% of the share in overall spray polyurethane foam industry was collectively occupied by the open cell and closed cell spray polyurethane foam industry. These two product segments are likely to maintain their dominating position in the global spray polyurethane foam market from 2013 to 2019 as well.
The residential roofing market was the biggest application segment in 2012 and the trend is likely to continue till 2019. The commercial walls application segment is estimated to be the fastest developing market in terms of revenue between 2013 and 2019.In terms of consumption, North America accounts for the biggest share in the global spray polyurethane foam industry. This region is likely to maintain its leadership in the coming years. However, the European spray polyurethane foam market is expected to experience robust growth during the period of 2013 to 2019.
The major participants in the spray polyurethane foam industry across the globe are Icynene Inc., The Dow Chemical Company, CertainTeed Corporation, Premium Spray Products, Inc, and NCFI Polyurethanes.
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