Spray Polyurethane Foam Industry| Share, Size, Application, Overview, By Application, By Geographic Scope And Forecast
Market Segmentation
The global spray polyurethane foam Industry has been segmented by type,
application, and region.
On the basis of type, the market has been segmented into open cell spray
polyurethane foam (light density spray foam), closed cell Spray Polyurethane Foam Industry , one component foam, and others. Open cell spray
polyurethane foam segment accounted for the largest share of the global spray
polyurethane foam market in 2017 and is expected to register a healthy CAGR
during the review period. Open cell spray polyurethane foam is being widely
used in wall cavities, attics, and crawl spaces due to its superior properties
such as air barrier, noise barrier, and flexibility. It is mainly preferred for
the mixed and warm climates.
Closed cell spray polyurethane foam is further sub-segmented into high
and medium density spray foam. Closed cell spray polyurethane segment accounted
for the second largest share of the global spray polyurethane foam market. It
finds use in numerous applications such as wall cavities, attics, basements,
crawl spaces, and exterior walls; and is suitable in all climates.
Based on application, the market has been divided into walls, roofs,
attics, floor, crawl spaces, and others. Walls segment accounted for the
largest share of the global spray polyurethane foam market in 2017 and is
expected to register a healthy CAGR during the review period. Growing
construction industry on account of increase in residential construction is
likely to drive the growth of application segment and thus, spray polyurethane
foam market.
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Regional Analysis
Based on region, the global spray polyurethane Foam industry has been
segregated into North America, Europe, Asia-Pacific, Latin America, and the
Middle East & Africa.
The market in North America accounted for largest share of the global
spray polyurethane market on account of increased spending on renovation and
maintenance of buildings to meet the growing demand for energy efficient
buildings.
Europe is another prominent market in the global spray polyurethane
market on account of increasing residential construction in the region.
The market in Asia-Pacific is growing at a significant rate on account
of presence of a large number of end-use industries in developing nations such
as India and China. The expanding construction industry as a result of rapid
urbanization and industrialization is expected to propel the demand for spray
polyurethane foam in the region.
The market in Latin America and the Middle East and Africa are likely to
grow at a healthy CAGR on account of increased spending on residential and
commercial construction.
Competitive Analysis
Some of the key players in the global spray polyurethane foam are BASF
SE (Germany), Accella Polyurethane Systems (US), Icynene (Canada), DowDuPont
(US), NCFI Polyurethanes (US), Soprema (France), Invista (US), Isothane Ltd
(UK), Johns Manville (US), Rhino Linings Corporation (US), Certainteed (US),
Huntsman International LLC (US), and Specialty Products Inc (US).
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