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The spray polyurethane foam market size is forecasted to increase by USD 1.31 billion, at a CAGR of 9.04% between 2022 and 2027. Market growth relies on various factors, notably the escalating demand for spray polyurethane foams within the construction sector, driven by their insulation properties and versatility. Additionally, the market benefits from the emergence of bio-based PU foams, aligning with eco-friendly trends. The superior properties of spray polyurethane foams, such as insulation efficiency and moisture resistance, further bolster market growth. These factors collectively contribute to the expansion of the spray polyurethane foam market across diverse applications. Furthermore, the report includes historic market data from 2017 to 2021.
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This report extensively covers market segmentation by application (residential, commercial, and industrial), type (open cell and closed cell), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
The market share growth by the residential segment will be significant during the forecast period. The segment includes the construction of houses and other residential properties.
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The residential segment showed a gradual increase in the market share of USD 909.29 million in 2018. The growth of the urban population is likely to increase investments in the construction of new residences. The migration of people from rural to urban areas will be high in APAC and MEA. Hence, the focus on the construction of new residences will increase in these regions. Therefore, the demand for spray polyurethane foam will increase during the forecast period.
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APAC is estimated to account for 49% of the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. China, South Korea, India, and Japan are the key countries for the market in APAC. The growth of the population is increasing the demand for residences and commercial establishments in the region, which will drive the growth of the market in APAC during the forecast period. China is a hub for construction in APAC. In 2019, the Beijing Municipal Commission of Development and Reform announced plans for 300 construction projects. Such projects will drive the growth of the market in the region during the forecast period.
The market is influenced by various factors such as adverse weather conditions, corrosion, and stringent regulations. Derived from petroleum-based feedstock like toluene diisocyanate (TDI) and methylene diphenyl diisocyanate (MDI), spray polyurethane foam offers air sealing insulation for buildings, combating voids and crevices. Despite middle Eastern upheaval affecting crude oil supply, its waterproofing properties remain crucial for both interior and exterior roofing systems in construction activities. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing demand for spray polyurethane foams in the construction industry is notably driving market growth. In the construction industry, spray polyurethane foam is used for insulating walls, panels, and gap fillers in doors and windows. It is also used as an adhesive in window and door installations and manufactured housing. Spray polyurethane foam has high energy efficiency, versatility, and thermal or mechanical performance. Further, despite its effectiveness as an insulation material, faces challenges such as corrosions, high maintenance requirements, and overspray potential, compounded by Iran's prohibition on its use due to safety concerns.
Moreover, the rising number of infrastructure projects across the world is expected to increase the demand for spray polyurethane foam during the forecast period. Additionally, they utilized in production for insulating roofs, face constraints due to fluctuations in the supply of crude oil, a key component in its manufacturing process. Thus, such factors are expected to fuel the growth of the market during the forecast period.
The increasing use of methylal and HFOs as alternatives to HFCs and HCFCs is a key trend influencing the growth. Methylal and HFOs are replacing HCFCs and HFCs as blowing agents in the manufacturing of PU foam. Methylal is a clear, colorless, and flammable liquid with a sweet odor and a relatively low boiling point. These alternatives are effective and have lower GWP content than HFCs and HCFCs.
Moreover, HFOs are considered next-generation blowing agents and are widely used in manufacturing PU foams. HFO-based PU foam-blowing agents contain highly fluorinated or chlorinated short-chain, propene, or butene-based olefins. Various companies are offering HFO-based PU foam-blowing agents, which can be used as replacements for HFCs and HCFCs. For instance, Honeywell International Inc offers SOLSTICE, a liquid-blowing agent. These factors are expected to fuel the growth of the market during the forecast period.
The increasing demand for alternatives is the major challenge impeding market growth. The use of spray polyurethane foam can lead to environmental issues such as ozone layer depletion. Hence, natural latex, cotton fiber foam, organic wool, plain cotton, short-staple polyester fiber, and polystyrene are used as substitutes in various applications such as furniture and bedding as well as building and construction.
Furthermore, natural latex is biodegradable and is resistant to dust mites, mold, and mildew. Coconut fiber foam is biodegradable, and no dye, bleach, or chemical cleaning agent is used during the manufacturing process. Organic wool is a natural alternative to spray polyurethane foam. Plain cotton is used as a plant-based alternative to spray polyurethane foam fillers. Short staple polyester fiber and polystyrene are synthetic polymers used as alternatives to spray polyurethane foam in packaging, automotive, and construction applications. Thus, the increasing demand for alternatives to spray polyurethane foam will negatively impact the market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
The market is witnessing robust growth driven by its effectiveness in asbestos encapsulation and sealing of gaps and cracks in buildings. Acting as a thermal insulator and sound insulation, it enhances energy efficiency and reduces heating and cooling costs. Used in residential and commercial structures, this closed-cell foam is cost-effective, flexible, and ensures comfortable interiors. Its applications span from ceilings to crawl spaces, addressing code-mandated energy efficiency improvements and promoting sustainability in urban environments.
Further, in the realm of construction, spray polyurethane foam (SPF) serves as a versatile solution, acting as both a sealant and an insulator in insulated and ventilated buildings. It optimizes heating & cooling systems by providing energy-efficient thermal regulation. Unlike traditional methods, SPF offers quieter interiors, but its application can be dusty. Available as closed-cell or one-component foam, it excels in cavity and mold filling, enhancing the integrity of building envelope assemblies in spaces like floors and attics.
Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2022 |
Historic period |
2017-2021 |
Market forecasting period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.04% |
Market growth 2023-2027 |
USD 1.31 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
8.51 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 49% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Companies, market forecast, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Akkim Construction Chemicals Inc., Anagha ASF LLP, Barnhardt Manufacturing Co., Compagnie de Saint Gobain SA, Covestro AG, Dow Inc., Honeywell International Inc., Huntsman Corp., Indospark Inc., Innovative Chemical Products, Isothane Ltd., Johns Manville, Sekisui Chemical Co. Ltd., Shanghai Junbond Building Materials Co. Ltd., SOPREMA SAS, Specialty Products Inc., Tosoh Corp., Woodbridge Foam Corp., Sika AG, and BASF SE |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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