Spray Polyurethane Foam Market
Spray Polyurethane Foam Market Forecasts to 2028 – Global Analysis By Application (Roofing, Walls, Floors), End User (Residential, Commercial, Industrial, Electronics, Automotive, Construction, Packaging), and By Geography
According to Stratistics MRC, the Global Spray Polyurethane Foam market is accounted for $1.92 billion in 2020 and is expected to reach $3.72 billion by 2028 growing at a CAGR of 8.6% during the forecast period. Some of the key factors propelling the market growth include growing concerns related to greenhouse gas emissions, swapping green building techniques, increased demand for bio based products, strong potential as a key component of the durability management strategy for a building, and growing significance in industrial insulation for cold storage spaces, walk-in refrigerators, pipes, tanks, and others. However, stringent EPA and occupational safety and health administration (OSHA) regulations is anticipated to hinder the growth of the market.
Spray polyurethane foam (SPF) is a high performance spray applied plastic that insulates walls and make the wall heat resistant, and it also reduces unwanted air infiltration that happen due to cracks, seams and joints in the walls. It has comprehensive strengths such as high insulation with less thickness and lower heat conductivity. It can save energy throughout the life of a building, allowing the owner to use smaller capacity cooling and heating equipment. SPF is better and more durable than any type of insulation materials. The conventional insulation loses heat quickly in extreme cold conditions; however, SPF can increase the resistance power of the air sealing irrespective of the weather conditions. SPF is relatively easy to be used to ll the gaps of the walls and ceiling cavity. This saves more energy than conventional insulation methods.
By product, open cell spray polyurethane foam (OCSPF) (low density spray polyurethane foam) segment is expected to grow at the significant rate during the forecast period, as it is extensively used in building interiors. Open-cell spray polyurethane foam has properties such as high air barrier, low sound transmission, and low density. It is highly preferred in the construction industry owing to its low density. Increasing construction activities across the world are expected to drive the demand for open-cell spray polyurethane foam during the forecast period. These foams are permeable to water vapor and air and its sponge-like structures makes it ideal for commercial and residential interior applications.
On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast years, owing to rising regional population along with income levels is projected to swell the building & construction industry in order to meet the increasing demand for permanent shelters. This will drive the regional product market size owing to its further application in cold storage pipes, and tanks. Moreover, construction activities in China, India, and other emerging countries will be the main contributors to the product market in this region. China is the largest economy in the entire Asia-Pacific region, in terms of GDP. The growth in the country remains high but is gradually diminishing, as the population is aging, and the economy is rebalancing from investment to consumption, manufacturing to services, and external to internal demand.
Some of the key players in Spray Polyurethane Foam market include Nitto Denko Corp., Rogers Corp., The Dow Chemical Company, Accella Polyurethane Systems, LLC, Armacell International SA, BASF SE, Bayer, Sekisui Chemical Co. Ltd., Certainteed Corporation, Covestro AG, Future Foam Inc., John Manville, Rhino Linings Corporation, Lapolla Industries, Inc., Huntsman Corp., LANXESS AG, and Specialty Product Inc.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 1.92 billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
8.6% |
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Predicted 2028 Value: |
USD 3.72 billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs & Figures |
316 |
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Chapters Covered: |
Product, Type, Application, and End User |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Products Covered:
• One Component Foam (OCF)
• Two-Component Spray Foam
• High-Gloss Epoxy Polyester Powder
• Flat-Gloss Epoxy Polyester Powder
Types Covered:
• Flexible Foam
• Rigid Foam
• Spray Foam
Applications Covered:
• Roofing
• Walls
• Floors
• Attics
• Crawl Spaces
• Air-Barriers
• Flotation
• Ceilings
• Domestic Appliances
• Asbestos Encapsulation
• Insulation
• Sealants
• Waterproofing
• Cookers
• Instruments
• Fitness Equipment
End Users Covered:
• Residential
• Commercial
• Industrial
• Electrical and Electronics
• Automotive
• Building and Construction
• Packaging
• Footwear
• Textiles & Apparels
• Bedding & Furniture
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Spray Polyurethane Foam Market is majorly driven by strong potential as a key component of the durability management strategy for a building, growing significance in industrial insulation for cold storage spaces, walk-in refrigerators, pipes, tanks, and others, and rapidly growing construction industry in emerging economies.
The packaging segment is growing at a highest CAGR owing to increasing application of polyurethane foams in packaging of fragile and shock-sensitive objects including electronics, medical diagnostic device, glassware, and large industrial parts.
North America dominated with a significant market share due to regional government incentives and regulations that promotes infrastructure with efficient energy, the product demand for commercial and residential applications, and increase in reconstruction of structures.
Asia Pacific market is growing at a highest CAGR owing to rising regional population along with income levels is projected to swell the building & construction industry in order to meet the increasing demand for permanent shelters and increasing industrial investments in the Asia Pacific region.
Key players in Spray Polyurethane Foam market include Nitto Denko Corp., Rogers Corp., The Dow Chemical Company, Accella Polyurethane Systems, LLC, Armacell International SA, BASF SE, Bayer, Sekisui Chemical Co. Ltd., Certainteed Corporation, Covestro AG, Future Foam Inc., John Manville, Rhino Linings Corporation, Lapolla Industries, Inc., Huntsman Corp., LANXESS AG, and Specialty Product Inc.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Spray Polyurethane Foam Market, By Product
5.1 Introduction
5.2 One Component Foam (OCF)
5.3 Two-Component Spray Foam
5.3.1 Open Cell Spray Polyurethane Foam (OCSPF) (Low Density Spray Polyurethane Foam)
5.3.2 Closed Cell Spray Polyurethane Foam (CCSPF)
5.3.2.1 High Density Spray Polyurethane Foam
5.3.2.2 Medium Density Spray Polyurethane Foam
5.4 High-Gloss Epoxy Polyester Powder
5.5 Flat-Gloss Epoxy Polyester Powder
6 Global Spray Polyurethane Foam Market, By Type
6.1 Introduction
6.2 Flexible Foam
6.3 Rigid Foam
6.4 Spray Foam
7 Global Spray Polyurethane Foam Market, By Application
7.1 Introduction
7.2 Roofing
7.2.1 Residential Roofing
7.2.2 Commercial Roofing
7.3 Walls
7.3.1 Commercial Walls
7.3.2 Residential Walls
7.4 Floors
7.5 Attics
7.6 Crawl Spaces
7.7 Air-Barriers
7.8 Flotation
7.9 Ceilings
7.10 Domestic Appliances
7.11 Asbestos Encapsulation
7.12 Insulation
7.13 Sealants
7.14 Waterproofing
7.15 Cookers
7.16 Instruments
7.17 Fitness Equipment
8 Global Spray Polyurethane Foam Market, By End User
8.1 Introduction
8.2 Residential
8.2.1 Multifamily
8.2.2 Single Family
8.3 Commercial
8.3.1 Heavy
8.3.2 Light
8.4 Industrial
8.5 Electrical and Electronics
8.6 Automotive
8.7 Building and Construction
8.8 Packaging
8.9 Footwear
8.10 Textiles & Apparels
8.11 Bedding & Furniture
8.12 Other End Users
8.12.1 Telecom
8.12.2 Medical
8.12.3 Transportation
9 Global Spray Polyurethane Foam Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Nitto Denko Corp.
11.2 Rogers Corp.
11.3 The Dow Chemical Company
11.4 Accella Polyurethane Systems, LLC
11.5 Armacell International SA
11.6 BASF SE
11.7 Bayer
11.8 Sekisui Chemical Co. Ltd.
11.9 Certainteed Corporation
11.10 Covestro AG
11.11 Future Foam Inc.
11.12 John Manville
11.11 Rhino Linings Corporation
11.14 Lapolla Industries, Inc.
11.15 Huntsman Corp.
11.16 LANXESS AG
11.17 Specialty Product Inc
List of Tables
1 Global Spray Polyurethane Foam Market Outlook, By Region (2019-2028) ($MN)
2 Global Spray Polyurethane Foam Market Outlook, By Product (2019-2028) ($MN)
3 Global Spray Polyurethane Foam Market Outlook, By One Component Foam (OCF) (2019-2028) ($MN)
4 Global Spray Polyurethane Foam Market Outlook, By Two-Component Spray Foam (2019-2028) ($MN)
5 Global Spray Polyurethane Foam Market Outlook, By Open Cell Spray Polyurethane Foam (OCSPF) (Low Density Spray Polyurethane Foam) (2019-2028) ($MN)
6 Global Spray Polyurethane Foam Market Outlook, By Closed Cell Spray Polyurethane Foam (CCSPF) (2019-2028) ($MN)
7 Global Spray Polyurethane Foam Market Outlook, By High-Gloss Epoxy Polyester Powder (2019-2028) ($MN)
8 Global Spray Polyurethane Foam Market Outlook, By Flat-Gloss Epoxy Polyester Powder (2019-2028) ($MN)
9 Global Spray Polyurethane Foam Market Outlook, By Type (2019-2028) ($MN)
10 Global Spray Polyurethane Foam Market Outlook, By Flexible Foam (2019-2028) ($MN)
11 Global Spray Polyurethane Foam Market Outlook, By Rigid Foam (2019-2028) ($MN)
12 Global Spray Polyurethane Foam Market Outlook, By Spray Foam (2019-2028) ($MN)
13 Global Spray Polyurethane Foam Market Outlook, By Application (2019-2028) ($MN)
14 Global Spray Polyurethane Foam Market Outlook, By Roofing (2019-2028) ($MN)
15 Global Spray Polyurethane Foam Market Outlook, By Residential Roofing (2019-2028) ($MN)
16 Global Spray Polyurethane Foam Market Outlook, By Commercial Roofing (2019-2028) ($MN)
17 Global Spray Polyurethane Foam Market Outlook, By Walls (2019-2028) ($MN)
18 Global Spray Polyurethane Foam Market Outlook, By Commercial Walls (2019-2028) ($MN)
19 Global Spray Polyurethane Foam Market Outlook, By Residential Walls (2019-2028) ($MN)
20 Global Spray Polyurethane Foam Market Outlook, By Floors (2019-2028) ($MN)
21 Global Spray Polyurethane Foam Market Outlook, By Attics (2019-2028) ($MN)
22 Global Spray Polyurethane Foam Market Outlook, By Crawl Spaces (2019-2028) ($MN)
23 Global Spray Polyurethane Foam Market Outlook, By Air-Barriers (2019-2028) ($MN)
24 Global Spray Polyurethane Foam Market Outlook, By Flotation (2019-2028) ($MN)
25 Global Spray Polyurethane Foam Market Outlook, By Ceilings (2019-2028) ($MN)
26 Global Spray Polyurethane Foam Market Outlook, By Domestic Appliances (2019-2028) ($MN)
27 Global Spray Polyurethane Foam Market Outlook, By Asbestos Encapsulation (2019-2028) ($MN)
28 Global Spray Polyurethane Foam Market Outlook, By Insulation (2019-2028) ($MN)
29 Global Spray Polyurethane Foam Market Outlook, By Sealants (2019-2028) ($MN)
30 Global Spray Polyurethane Foam Market Outlook, By Waterproofing (2019-2028) ($MN)
31 Global Spray Polyurethane Foam Market Outlook, By Cookers (2019-2028) ($MN)
32 Global Spray Polyurethane Foam Market Outlook, By Instruments (2019-2028) ($MN)
33 Global Spray Polyurethane Foam Market Outlook, By Fitness Equipment (2019-2028) ($MN)
34 Global Spray Polyurethane Foam Market Outlook, By End User (2019-2028) ($MN)
35 Global Spray Polyurethane Foam Market Outlook, By Residential (2019-2028) ($MN)
36 Global Spray Polyurethane Foam Market Outlook, By Multifamily (2019-2028) ($MN)
37 Global Spray Polyurethane Foam Market Outlook, By Single Family (2019-2028) ($MN)
38 Global Spray Polyurethane Foam Market Outlook, By Commercial (2019-2028) ($MN)
39 Global Spray Polyurethane Foam Market Outlook, By Heavy (2019-2028) ($MN)
40 Global Spray Polyurethane Foam Market Outlook, By Light (2019-2028) ($MN)
41 Global Spray Polyurethane Foam Market Outlook, By Industrial (2019-2028) ($MN)
42 Global Spray Polyurethane Foam Market Outlook, By Electrical and Electronics (2019-2028) ($MN)
43 Global Spray Polyurethane Foam Market Outlook, By Automotive (2019-2028) ($MN)
44 Global Spray Polyurethane Foam Market Outlook, By Building and Construction (2019-2028) ($MN)
45 Global Spray Polyurethane Foam Market Outlook, By Packaging (2019-2028) ($MN)
46 Global Spray Polyurethane Foam Market Outlook, By Footwear (2019-2028) ($MN)
47 Global Spray Polyurethane Foam Market Outlook, By Textiles & Apparels (2019-2028) ($MN)
48 Global Spray Polyurethane Foam Market Outlook, By Bedding & Furniture (2019-2028) ($MN)
49 Global Spray Polyurethane Foam Market Outlook, By Other End Users (2019-2028) ($MN)
50 Global Spray Polyurethane Foam Market Outlook, By Telecom (2019-2028) ($MN)
51 Global Spray Polyurethane Foam Market Outlook, By Medical (2019-2028) ($MN)
52 Global Spray Polyurethane Foam Market Outlook, By Transportation (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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