LONDON--(BUSINESS WIRE)--Spray PU foams exhibit high energy efficiency, thermal or mechanical performance, and versatility. As a result, it is widely used in the construction industry as an adhesive in window and door installations and manufactured housing. It is used for insulating walls, gap filters, and panels in doors and windows. It is also used as a weatherproof sealant as it covers irregular and hard-to-insulate shapes. The increase in infrastructure activities is driving the demand for housing and flooring materials, in turn, driving growth in the construction industry. This is leading to an increase in the demand for spray PU foam in various construction projects, which in turn, will boost the growth of the spray polyurethane foam market during the forecast period.
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As per Technavio, the innovations in polyurethane foams will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Spray Polyurethane Foam: Innovations in Polyurethane Foams
Various manufacturers and research institutes are developing new forms of PU foam such as photo-cross-linkable polyurethane. These are produced by incorporating photo-responsive groups such as coumarin into the polyurethane foam. Alkoxy phenacyl group can also be used to build PU foam backbone. This led to the development of DEMILEC APX, an innovative new spray PU foam, which is used to insulate and air seal homes, schools, and buildings. It also complies with the rigorous fire test standards established by the International Code Council Evaluation Service (ICCES). Such innovations and R&D activities in PU foam is expected to showcase a positive outlook during the forecast period.
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Spray Polyurethane Foam: Segmentation Analysis
This market research report segments the global spray polyurethane foam market by Type (Open cell spray PU foam, Closed cell spray PU foam and Others), and Geographic segmentation (APAC, Europe, MEA, North America and South America).
The APAC region led the spray polyurethane foam in 2019, followed by North America, Europe, MEA and South America. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the increasing demand for residences and commercial establishments, growth in the population of India and China, China being the hub for construction, and increase in infrastructure projects.
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Some of the key topics covered in the report include:
Type Segmentation
- Open cell spray PU foam
- Closed cell spray PU foam
- Others
Geographic segmentation
- APAC
- Europe
- MEA
- North America
- South America
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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