According to a new market report published by
Transparency Market Research "Spray Polyurethane Foam (Open Cell, Closed
Cell and Others) Market for Residential Walls, Residential Roofing, Commercial
Walls, Commercial Roofing and Other Applications - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast, 2013 - 2019,"the global spray
polyurethane foam market was valued at USD 1,135.3 million in 2012 and is
expected to reach USD 1,823 million by 2019, growing at a CAGR of 7.0% from
2013 to 2019. In terms of volume spray polyurethane foam consumption was 473.5
kilo tons in 2012.
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Spray Polyurethane Foam Market Report with Full TOC at
Spray polyurethane foam (SPF) is an effective
substitute for traditional insulation materials such as glass and metal. Higher
efficiency and lower carbon footprint during production have been major factors
driving the SPF market. In addition, increasing threat of energy crisis leading
to stringent government regulations for energy efficient structures is expected
to further augment the market growth. Isocyanates employed in the production of
SPF cause severe occupational health hazards including asthma which has been a major
factor restraining growth of the SPF market. Volatility of raw material prices
has also restrained the demand for SPF. Developing low cost bio-based SPF is
expected to offer huge growth opportunities in the market.
Open cell and closed cell SPF together constitute
over 90% of the global demand for SPF and the trend is expected to continue
during the forecast period. Growing demand for residential applications in
developed countries is expected to fuel demand for open cell SPF. Other
application segments include one component foam and high density SPF. Demand in
other segment is driven by innovation and higher degree of customization.
Demand for SPF can be segregated into five major
application segments: residential roofing, residential walls, commercial
roofing commercial wall and other niche applications. Residential roofing
application dominates the global demand for SPF. Other application segments
include medical equipment and transportation among others.
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North America followed by Asia Pacific dominates
the global demand for SPF. Increasing industrial investment mainly in the
developing economies of Asia Pacific is expected to drive demand for closed
cell SPF. Europe is expected to be the fastest growing region for SPF market
during the forecast period. Stringent government regulations are expected to
drive SPF market in the developed economies of North America and Europe.
Some of the major industry participants include
BASF Corporation, Lapolla Industries Inc., NCFI Polyurethanes, Bayer
MaterialScience, Icynene Inc., Premium Spray Products, CertainTeed Corporation,
Rhino Linings Corporation, The Dow Chemical Company and Demilec among others
This report segments the global spray polyurethane
foam market as follows:
Spray
Polyurethane Foam Market - Product
Segment Analysis
·
Open Cell
·
Closed Cell
·
Others
(Including high density spray polyurethane foam, one component foam, etc.)
Spray
Polyurethane Foam Market - Application Analysis
·
Residential walls
·
Residential
roofing
·
Commercial walls
·
Commercial
roofing
·
Others
(Including Medical, Telecom, Transportation, etc.)
Spray
Polyurethane Foam Market - Regional Analysis
·
North America
·
Europe
·
Asia Pacific
·
Rest of the
World
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& Materials Market Research Reports @
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