Global Spray Polyurethanes Foam(SPF) Market by Type (Open Cell, Closed Cell, Others), By Application (Wall Insulation, Attic Insulation, Roofing Insulation) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global spray polyurethanes foam (SPF) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the SPF market can be attributed to the increasing demand for energy-efficient and green buildings, rising awareness about the benefits of SPF insulation, and growing construction activities across the globe. The global SPF market is segmented on the basis of type, application, and region. On the basis of type, it is divided into open cell foam and closed cell foam.



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Product Definition:

Spray Polyurethanes Foam (SPF) is a two-component foam system consisting of isocyanate and polyol components. When the two are mixed, they react and expand generating heat. The expanding foam insulation fills all gaps and voids in the substrate to which it is applied, creating an airtight thermal barrier with excellent sound absorption qualities.

Open Cell:

Open cell is a type of foam that contains many small cells or bubbles. These cells are completely open at both ends, hence the name. The size of these cells varies from 1/100th to 3/100ths of an inch and their density ranges from very light to medium depending upon the amount of carbon dioxide present in them during production.

Closed Cell:

Closed cell is also known as solid or non-ventilated foam. It has a density of greater than 1.5 lb/ft³ and less than or equal to 2.7 lb/ft³, depending on the manufacturer and application specifications.

Application Insights:

The demand for spray polyurethanes foam in wall insulation application accounted for a revenue share of over 40.0% in the global market in 2017. Rising consumer awareness regarding energy efficiency and improvement in building construction practices have resulted in an increased demand for SPF products such as insulation foams, which are increasingly being used to meet stringent energy standards set by regulatory bodies across the globe.

Spray polyurethane foams find applications not only as thermal and acoustic insulation but also as moisture barriers, which is expected to drive their consumption further. The rising importance of superior moisture barrier performance along with high durability and ease of installation has been encouraging users to opt for these products over other types of conventional fiberglass or cellulose-based materials that were previously used on a large scale within buildings owing to their low cost nature coupled with superior structural strength properties.

Regional Analysis:

North America accounted for the largest share of global market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to rising demand from industries, such as construction, automotive and transportation, consumer goods and packaging among others.

The growth of end-use industries in North America is anticipated to drive product demand further on account of technological advancements coupled with high disposable income of consumers and rapid urbanization resulting in increased spending on housing activities across countries like Canada and U.S., which will result into higher consumption levels for spray polyurethane foam products over the next eight years  (2030).

Asia Pacific emerged as a promising regional market owing to increasing infrastructure development activities along with growing real estate sector especially in China, India, Indonesia among other Southeast Asian countries are projected boost industry expansion at a steady CAGR from 2018 till 2030  (2029).

Growth Factors:

Increasing demand for energy-efficient and green buildings: The global market for spray polyurethanes foam is expected to benefit from the increasing demand for energy-efficient and green buildings. SPF helps in improving the insulation properties of a building, which in turn reduces the amount of energy required to heat or cool the building, thus making it more energy efficient.
Rising construction spending in emerging economies: The global construction spending is projected to grow at a CAGR of 5% during 2016-2021, with majority of this growth coming from emerging economies such as China, India, and Brazil. This would create opportunities for spray polyurethanes foam manufacturers as well since SPF is extensively used in construction applications such as roofing, insulation, and waterproofing.
Growing popularity of SPF among homeowners: Homeowners are increasingly becoming aware about the benefits offered by SPF and its ability to improve comfort levels while reducing monthly utility bills. This has led to an increase in demand for SPF products among homeowners across different regions worldwide.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Spray Polyurethanes Foam(SPF) Market Research Report
By Type
Open Cell, Closed Cell, Others
By Application
Wall Insulation, Attic Insulation, Roofing Insulation
By Companies
BASF, Dow Chemical, Lapolla, Demilec, Certain Teed, Covestro, Huntsman, Bayer MaterialScience, NCFI Polyurethanes, Icynene Inc., BASF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.

Global Spray Polyurethanes Foam(SPF) Market Report Segments:
The global Spray Polyurethanes Foam(SPF) market is segmented on the basis of:
Types
Open Cell, Closed Cell, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wall Insulation, Attic Insulation, Roofing Insulation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
BASF
Dow Chemical
Lapolla
Demilec
Certain Teed
Covestro
Huntsman
Bayer MaterialScience
NCFI Polyurethanes
Icynene Inc.
BASF



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Highlights of The Spray Polyurethanes Foam(SPF) Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Open Cell
Closed Cell
Others
By Application:
Wall Insulation
Attic Insulation
Roofing Insulation
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Spray Polyurethanes Foam(SPF) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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