Global Spray Polyurethane Foam Market to Develop at 7% CAGR owing to Surging Demand from the Construction Market
A recently released report by Transparency Market Research (TMR) forecasts that the global spray polyurethane foam market will expand at a CAGR of 7% from 2013 to 2019. TMR, a market intelligence firm, states that by 2020, the global spray polyurethane foam market will reach US$1823 million by the end of the forecast period from US$1135.3 million in 2012. The report, titled ‘Spray Polyurethane Foam (Open Cell, Closed Cell and Others) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019’, is available for sale on the company website.
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
According to this market research report, the global spray polyurethane foam market is mainly driven by rising demand from the rapidly expanding construction market, greater focus on energy efficiency, and the widespread implementation of stringent government regulations. Spray polyurethane foam is derived from the mixing of polyols and isocyanates in the presence of catalysts. This foam is generally used as an insulating material on building substrates. Unlike traditional substitutes such as glass, spray polyurethane foam possesses higher energy conservation qualities, and thus leaves a lower carbon footprint.
This TMR report segments the global spray polyurethane foam market on the basis of product, application, and geography. On the basis of product, this market is segmented into open cell, closed cell, and others. The open cell and closed cell segments taken together account for a whopping 90% of the global spray polyurethane foam market. Ongoing trends indicate that these two segments will expand rapidly in the forthcoming years as well.
Based on applications, the global spray polyurethane foam market is categorized into commercial roofing, residential walls, commercial walls, residential roofing, and others. The segment for residential roofing holds the highest share in the global spray polyurethane foam market. The rising demand for spray polyurethane foam can be attributed to the ecological benefits of the same and also government regulations emphasizing the importance of energy efficiency structures.
Much of the demand for spray polyurethane foam comes from the construction industry, which is expanding rapidly. However, the occupational health hazards caused by the inputs used in the manufacturing of spray polyurethane foams is a serious restraint in the global spray polyurethane foam market.
Geographically, the market study segments the global spray polyurethane foam market is segmented into Asia Pacific, North America, Europe, and Rest of the World. In 2012, the global spray polyurethane foam market was dominated by North America with a share that exceeded 44% of the global market. The spray polyurethane foam markets in Europe and North America are mainly driven by stringent government regulations. High industrial investments in Asia Pacific will stimulate the demand for spray polyurethane foam in this region during the forecast period.
The report identifies the following key companies in the global spray polyurethane foam market: Demilec, The Dow Chemical Company, Rhino Linings Corporation, CertainTeed Corporation, Premium Spray Products, NCFI Polyurethanes, Lapolla Industries Inc., BASF Corporation, and Icynene Inc. amongst others.
This report segments the global spray polyurethane foam market as follows:
- Spray Polyurethane Foam Market: Product Segment Analysis
- Open Cell
- Closed Cell
- Others (Including high density spray polyurethane foam, one component foam, etc.)
- Spray Polyurethane Foam Market: Application Analysis
- Residential walls
- Residential roofing
- Commercial walls
- Commercial roofing
- Others (Including Medical, Telecom, Transportation, etc.)
- Spray Polyurethane Foam Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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