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Spray Polyurethane Foam Market - Segmented by Type (Open-cell foam, Closed-cell foam), Application (Wall, Floors, Ceilings, Attics, Roofs), and Region - Growth, Trends, and Forecast (2020 - 2025)

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Spray Polyurethane Foam Market

The spray polyurethane foam market is expected to grow at a moderate rate during the forecast period, 2018 to 2023. North America is estimated to lead, owing to the presence of stringent building codes in the region. Roof insulation is estimated to be the largest application for spray polyurethane foam.

Growing Concerns Related to Greenhouse Gas Emission

Increase in human activities, such as burning of fossil fuels for energy generation have increased the emission of greenhouse gases, which global warming, thereby affecting Earth’s climate. According to EPA, around 11% of the total greenhouse gas emission is caused due burning of fossil fuel for energy generation, which is consumed in residential and commercial sectors. Use of spray polyurethane foam for insulation helps in reducing the energy consumption for heating and cooling purposes by 40%, thereby, reducing the amount of greenhouse gases released in the atmosphere, which, in turn, is driving the market.

Wall Insulation is expected to be the fastest growing market

Wall insulation is estimated to be the fastest growing market during the forecast period. Use of spray polyurethane foam in wall insulation helps in reducing energy cost by providing thermal insulation spaces between interior and exterior walls. In addition, spray polyurethane foam helps in sealing gaps and spaces, which blocks moisture infiltration and condensation inside wall cavities, thereby reducing outside noise. Due to aforementioned reasons demand for spray polyurethane foam is expected to increase during the forecast period from wall insulation application.

North America to lead the Spray Polyurethane Foam Market

North America is projected to dominate the spray polyurethane foam market, during the forecast period, due the presence of stringent building codes in the region. Rising awareness related to benefits of insulation to achieve energy efficient buildings among the population has increased the consumption of spray polyurethane foam in the recent years. Growing retrofit construction activities, and increase in construction of high-rise apartment blocks and commercial buildings, such as modern hotels or offices in countries, such as Mexico, Canada, and United States are expected to increase the market for spray polyurethane during the forecast period.

                                              Spray Polyurethane Foam Market Revenue Share

Key Developments in the Spray Polyurethane Foam Market

March 2018: Huntsman International LLC acquired Demilec, a Leading North American spray polyurethane foam insulation manufacturer and distributor

Spray Polyurethane Foam Market Major Players:

  • BASF SE.
  • Huntsman International LLC.
  • Johns Manville.
  • DowDuPont.
  • CERTAINTEED.
  • and Icynene-Lapolla.

Reasons to Purchase Spray Polyurethane Foam Market Report

  • To understand the impact of type on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating application in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

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