Spray Polyurethane Foam Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2028

Spray polyurethane foam is an insulator that is sprayed on the interior parts of a building (e.g., walls, roofs, and floors); it acts as an air barrier that prevents thermal leaks. Spray polyurethane foam is produced by two liquid components, polyol blend and MDI, which are mixed under pressure and sprayed onto a wall cavity or roof. Usage of spray polyurethane foam reduces the overall maintenance cost, extends the life span of a building and allows flexibility of building design. The spray polyurethane foam comes in two forms: open cell foam and closed cell foam. Among these, open cell foam also known as half-pound or low density foam is expected to gain traction in the coming years, owing to its wide application in building interiors.

Spray Polyurethane Foam Market: Dynamics

Drivers:

The growth in the construction industry both in developed and developing economies is projected to be the prime factor driving the growth of the spray polyurethane foam market over the forecast period. Moreover, increasing anxieties pertaining to greenhouse emission with also give traction to the growth of the spray polyurethane foam market in the coming decade. According to the Environmental Protection Agency (EPA), around 10–12% of the overall greenhouse gas emission is caused owing to burning of fossil fuel for generation of energy. That apart, increasing government initiatives to develop public infrastructure is expected to drive the growth of the construction industry and ultimately surge the demand for spray polyurethane foam in the future.

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Restraints:

The prices of raw materials of spray polyurethane foam are highly volatile. This is projected to act as a major factor expected to hamper the growth of the spray polyurethane foam market over the forecast period. Moreover, occupational health hazards is also expected to restrain the growth of the spray polyurethane foam market in the coming years.

Trends:

A major trend predicted five years down the line includes market leaders (Tier – I players) of spray polyurethane foam are focused on acquiring Tier – III players to expand presence across the globe. Additionally, this will benefit them to increase market share in the global spray polyurethane foam market.

Spray Polyurethane Foam Market: Key Participants

Example of some of the key players identified across the value chain of global spray polyurethane foam market include:

• BASF SE
• Bayer Material Science
• CertainTeed Corporation
• CUFCA
• DowDuPont Inc.
• Huntsman International LLC
• Icynene Inc.
• Lapolla Industries
• NCFI Polyurethanes
• Premium Spray Products
• Rhino Linings Corporation
• Specialty Products Inc.

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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, application, sales channel, and end user.

Spray Polyurethane Foam Market: Segmentation

The global spray polyurethane foam market can be segmented on the basis of type, application and end user.