Spray Polyurethane Foam Market Analysis | Review, Demand, Resize Report, Size By Product, By Application, By Geographic Scope And Forecast
Market Segmentation
The global spray polyurethane foam
market analysis 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 Market Analysis , 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.
Regional Analysis
Based on region, the global Spray
Polyurethane Foam market 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 Analysis 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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