Spray Polyurethane Foam Industry | Share, Trends, Analysis, Overview, Size, Outlook And Forecast
Market Segmentation
The global spray
polyurethane foam indutry 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 industry 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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