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 (2019 - 2024)

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 (2019 - 2024)

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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)

Customize Spray Polyurethane Foam Market Report

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1. Introduction

               1.1 Scope of the Report

               1.2 Market Definition

               1.3 Study Assumptions

               1.4 Study Deliverables

               1.5 Research Phases

2. Spray Polyurethane Foam Market Executive Summary

3. Spray Polyurethane Foam Market Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness - Porter's Five Forces Analysis

                                3.2.1 Threat of New Entrants

                                3.2.2 Threat of Substitute Products and Services

                                3.2.3 Bargaining Power of Buyers

                                3.2.4 Bargaining Power of Suppliers

                                3.2.5 Intensity of Competitive Rivalry

                3.3 Raw Material Analysis

4. Market Dynamics

                4.1 Spray Polyurethane Foam Market Drivers

                                4.1.1 Growing Concerns Related to Greenhouse Gas Emissions

                                4.1.2 Growing Significance in Industrial Insulation Applications

                4.2 Spray Polyurethane Foam Market Restraints

                                4.2.1 Growing Competition from Fiberglass and Cellulose Insulation Solutions

                                4.2.2 Stringent Regulations EPA, and Occupational Safety and Health Administration (OSHA) Regulations

                4.3 Spray Polyurethane Foam Market Opportunities

                                4.3.1 Emerging Applications as the New Industry Standard for the Pipeline Engineering

                                4.3.2 Gaining Momentum in the Trend of Foam Lifting of the Concrete Raising Industry

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

            5.1 By Product Type

                              5.1.1 Two-component Spray Foam

                                          5.1.1.1 Open Cell Foam (Low-Density Spray Foam)

                                          5.1.1.2 Closed Cell Foam

                                                      5.1.1.2.1 Medium-Density Spray Foam

                                                      5.1.1.2.2 High-Density Spray Foam

                              5.1.2 One Component Foam (OCF)

            5.2 By Application

                              5.2.1 Insulation

                              5.2.2 Waterproofing

                              5.2.3 Roofing

                              5.2.4 Packaging

                              5.2.5 Sealants

                              5.2.6 Flotation

                              5.2.7 Air-Barriers

                              5.2.8 Others

6. Spray Polyurethane Foam Market Regional Market Analysis (Market Size, Growth, and Forecast)

                6.1 Asia-Pacific Spray Polyurethane Foam Market Size (2018-2023)

                                6.1.1 China Spray Polyurethane Foam Market Size (2018-2023)

                                6.1.2 India Spray Polyurethane Foam Market Size (2018-2023)

                                6.1.3 Japan Spray Polyurethane Foam Market Size (2018-2023)

                                6.1.4 South Korea Spray Polyurethane Foam Market Size (2018-2023)

                                6.1.5 ASEAN Countries Spray Polyurethane Foam Market Size (2018-2023)

                                6.1.6 Rest of Asia-Pacific

                6.2 North America Spray Polyurethane Foam Market Size (2018-2023)

                                6.2.1 United States Spray Polyurethane Foam Market Size (2018-2023)

                                6.2.2 Canada Spray Polyurethane Foam Market Size (2018-2023)

                                6.2.3 Mexico Spray Polyurethane Foam Market Size (2018-2023)

                                6.2.4 Rest of North America

                6.3 Europe Spray Polyurethane Foam Market Size (2018-2023)

                                6.3.1 Germany Spray Polyurethane Foam Market Size (2018-2023)

                                6.3.2 United Kingdom Spray Polyurethane Foam Market Size (2018-2023)

                                6.3.3 Italy Spray Polyurethane Foam Market Size (2018-2023)

                                6.3.4 France Spray Polyurethane Foam Market Size (2018-2023)

                                6.3.5 Spain Spray Polyurethane Foam Market Size (2018-2023)

                                6.3.6 Russia Spray Polyurethane Foam Market Size (2018-2023)

                                6.3.7 Rest of Europe

                6.4 South America Spray Polyurethane Foam Market Size (2018-2023)

                                6.4.1 Brazil Spray Polyurethane Foam Market Size (2018-2023)

                                6.4.2 Argentina Spray Polyurethane Foam Market Size (2018-2023)

                                6.4.3 Rest of South America

                6.5 Middle East & Africa Spray Polyurethane Foam Market Size (2018-2023)

                                6.5.1 Saudi Arabia Spray Polyurethane Foam Market Size (2018-2023)

                                6.5.2 South Africa Spray Polyurethane Foam Market Size (2018-2023)

                                6.5.3 Rest of Middle East & Africa

7. Future of the Market

8. Spray Polyurethane Foam Market Competitive Landscape

                8.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements

                8.2 Market Share Analysis**

                8.3 Strategies Adopted by Leading Players

9. Spray Polyurethane Foam Market Company Profiles (Overview, Financials**, Products & Services and Recent Developments)

              9.1 Accella Polyurethane Systems

              9.2 BASF SE

              9.3 CertainTeed Corporation

              9.4 DowDuPont

              9.5 Huntsman International LLC

              9.6 Icynene-Lapolla

              9.7 INVISTA

              9.8 ISOTHANE LTD

              9.9 Johns Manville

              9.10 NCFI Polyurethanes

              9.11 SOPREMA

              9.12 Specialty Products Inc.

                *List Not Exhaustive

9. Disclaimer

**Subject to availability on public domain

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