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.
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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.
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
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