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Spray Polyurethane Foam Market by Type, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40415
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The spray polyurethane (PU) foam market has the potential to grow by USD 727.50 million during 2020-2025, and the market’s growth momentum will accelerate at a CAGR of 8.96%.

This spray polyurethane foam market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand for spray PU foams in the construction industry is notably driving the spray polyurethane foam market growth, although factors such as increasing demand for alternatives of spray PU foams may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the spray polyurethane foam industry get your FREE report sample now.

This report provides extensive insights on segmentation by type (open cell spray PU foam, closed cell spray PU foam, and others), application (residential, commercial, and industrial), and geography (APAC, North America, Europe, MEA, and South America). The spray polyurethane foam market report also offers information on several market vendors, including Armacell International SA, BASF SE, Covestro AG, Future Foam Inc., FXI, Huntsman Corp., LANXESS AG, Nitto Denko Corp., Rogers Corp., and Sekisui Chemical Co. Ltd. among others.

What will the Spray Polyurethane Foam Market Size be in 2021?

Spray-Polyurethane-Foam-Market-Market-Size-2020-2025

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Spray Polyurethane Foam Market: Key Drivers and Trends

  • The rising number of infrastructure projects is significantly influencing the spray polyurethane foam market growth.
  • Spray PU foam is widely used in the construction industry for insulating walls, panels, and gap fillers in doors and windows.
  • Spray PU foam exhibits high energy efficiency, versatility, and thermal or mechanical performance.
  • Spray PU foam is also used as a weatherproof sealant as it forms a seamless layer of insulation, fills gap and seams, and covers irregular and hard-to-insulate shapes.
  • The growth of the construction industry, owing to increasing infrastructure activities, has led to high demand for spray PU foam.
  • The rising demand for housing and flooring materials will also increase the demand for spray PU foam.
  • Polyurethanes are formed by reacting a polyol with a diisocyanate or a polymeric isocyanate in the presence of catalyst or additives.
  • Various manufacturers and researchers and focusing on developing new forms of polyurethane foams, such as photo-cross-linkable polyurethane.
  • Huntsman International acquired Demilec, which offers DEMILEC APX., and innovative spray polyurethane foam insulation used to insulate and air seal homes, schools, and buildings and also meets the rigorous fire tests for use in attics without a fire coating.
  • Innovations in polyurethane foams is one of the key spray polyurethane foam market trends as it prevents damage to products and maintains proper thermal insulation.

This spray polyurethane foam market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Spray Polyurethane Foam Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Armacell International SA
  • BASF SE
  • Covestro AG
  • Future Foam Inc.
  • FXI
  • Huntsman Corp.
  • LANXESS AG
  • Nitto Denko Corp.
  • Rogers Corp.
  • Sekisui Chemical Co. Ltd.

 

The spray PU foam market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the spray polyurethane foam market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Spray Polyurethane Foam Market?

Spray-Polyurethane-Foam-Market-Market-Share-by-Region-2020-2025

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41% of the market’s growth will originate from APAC during the forecast period. China and South Korea (Republic of Korea) are the key markets for spray polyurethane foam in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increasing demand for residences and commercial establishments will facilitate the spray PU foam market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Spray Polyurethane Foam Market?

Spray-Polyurethane-Foam-Market-Market-Share-by-Type-2020-2025

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The spray polyurethane foam market share growth by the open-cell spray PU foam segment will be significant during the forecast period. Open-cell spray polyurethane foam has properties such as high air barrier, low sound transmission, and low density. It is highly preferred in the construction industry owing to its low density. Increasing construction activities across the world are expected to drive the demand for open-cell spray polyurethane foam during the forecast period. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the spray polyurethane foam market size.

 

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What are the Key Factors Covered in this Spray Polyurethane Foam Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive spray polyurethane foam market growth during the next five years
  • Precise estimation of the spray PU foam market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the spray polyurethane foam industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of spray polyurethane foam market vendors

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Spray Polyurethane Foam Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2021-2025

$ 727.50 million

Market structure

Fragmented

YoY growth (%)

8.23

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 41%

Key consumer countries

China, US, Germany, South Korea (Republic of Korea), and Italy

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Armacell International SA, BASF SE, Covestro AG, Future Foam Inc., FXI, Huntsman Corp., LANXESS AG, Nitto Denko Corp., Rogers Corp., and Sekisui Chemical Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Residential - Market size and forecast 2020-2025
    • Commercial - Market size and forecast 2020-2025
    • Industrial - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Open cell spray PU foam - Market size and forecast 2020-2025
    • Closed cell spray PU foam - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Impact of COVID-19 pandemic and recovery by type segment
    • Market opportunity by Type

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Armacell International SA
    • BASF SE
    • Covestro AG
    • Future Foam Inc.
    • FXI
    • Huntsman Corp.
    • LANXESS AG
    • Nitto Denko Corp.
    • Rogers Corp.
    • Sekisui Chemical Co. Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    Spray Polyurethane Foam market growth will increase by $727.50 million during 2020-2025.
    The spray polyurethane foam market is expected to grow at a CAGR of 8.96% during 2020-2025.
    Technavio has segmented the spray polyurethane foam market by type (Open cell spray PU foam, Closed cell spray PU foam, and Others) ,application (Residential, Commercial, and Industrial) , and geographic (APAC, North America, Europe, MEA, and South America).
    Armacell International SA, BASF SE, Covestro AG, Future Foam Inc., FXI, Huntsman Corp., LANXESS AG, Nitto Denko Corp., Rogers Corp., Sekisui Chemical Co. Ltd. are a few of the key vendors in the spray polyurethane foam market.
    APAC will register the highest growth rate of 41.37% among the other regions. Therefore, the spray polyurethane foam market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • China
    • US
    • Germany
    • South Korea (Republic of Korea)
    • Italy
    The key factors driving the spray polyurethane foam market growth are:
    • Increasing demand for spray PU foams in construction industry
    The spray polyurethane foam market vendors should focus on grabbing business opportunities from the open cell spray pu foam segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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    • Data on revenue-generating market segments
    • Details on the market shares of various regions
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