LONDON--(BUSINESS WIRE)--The global spray polyurethane foam market size is expected to grow by USD 780.91 million during 2020-2024, progressing at a CAGR of over 7% during the forecast period. Download Free Sample Report
Demand for spray PU foams in construction industry is one of the major factors propelling the market growth.
Spray PU foam is widely used in the construction industry for insulating walls, panels, and gap fillers in doors and windows. Spray PU foam exhibits high energy efficiency, versatility, and thermal or mechanical performance. Moreover, spray PU foam is also used as a weatherproof sealant as it forms a seamless layer of insulation, fills gap and seams, and covers irregular and hard-to-insulate shapes. Therefore, the growth of the construction industry, owing to increasing infrastructure activities, has led to high demand for spray PU foam. Additionally, the rising demand for housing and flooring materials will also increase the demand for spray PU foam. Thus, the rising number of infrastructure projects will significantly influence the growth of the global spray polyurethane foam market during the forecast period.
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Global Spray Polyurethane Foam Market: Type Landscape
The rising construction activities across the world will increase the demand for open-cell spray PU foam as it is suitable for ceilings, floors, interior walls, and the undersides of roof decks. Moreover, open-cell spray PU foam is a low-density product that uses water as a blowing agent, which makes it highly preferable in the construction industry. Market growth in this segment will be slower than the growth of the market in the closed-cell spray PU foam segment.
Global Spray Polyurethane Foam Market: Geographic Landscape
APAC had the largest spray polyurethane foam market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growth of the population is increasing the demand for residential and commercial establishments which will significantly influence spray polyurethane foam growth in this region. China, Japan, and South Korea are the key markets for spray polyurethane foam in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered
- Armacell International SA
- BASF SE
- Compagnie de Saint-Gobain SA
- Covestro AG
- FXI, Huntsman International LLC
- LANXESS AG
- Nitto Denko Corp.
- Rogers Corp.
- Sekisui Chemical Co. Ltd.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Spray Polyurethane Foam Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
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Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Open cell spray PU foam - Market size and forecast 2019-2024
- Closed cell spray PU foam - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Residential - Market size and forecast 2019-2024
- Commercial - Market size and forecast 2019-2024
- Industrial - Market size and forecast 2019-2024
- Market opportunity by application
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Increasing use of methylal and HFOs as alternatives to HFCs and HCFCs
- Innovations in polyurethane foams
- Mergers and acquisitions in the spray PU foam market
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Armacell International SA
- BASF SE
- Compagnie de Saint-Gobain SA
- Covestro AG
- FXI
- Huntsman International LLC
- LANXESS AG
- Nitto Denko Corp.
- Rogers Corp.
- Sekisui Chemical Co. Ltd.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
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