Rigid Spray Polyurethane Foam Market future trends to 2024 key players BASF, Lapolla Industries, NCFI Polyurethanes, Dow Chemical, Bayer Material Science, Icynene Inc, Premium Spray Products

With SPF garnering immense popularity as an effective economic tool to comply with energy efficiency standards and regulatory norms, the global rigid spray polyurethane foam market would irrefutably accrue substantial gains in the immediate future. In addition to this, the rising inclination toward constructing green and energy-efficient buildings would act as a boon for the overall business space. In fact, as per a research report compiled by Global Market Insights, Inc., the rigid spray polyurethane foam industry share is forecast to exceed USD 1.1 billion by 2024.

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As energy conservation continues to acquire an imminent place across major business verticals, rigid spray polyurethane foam market share has gained laudable traction over the recent years. In order to conform to the stringent regulatory guidelines pertaining to constructing energy-efficient buildings, manufacturers of construction material appear to have focused on developing innovative products. As a consequence of which, rigid spray polyurethane foam industry has found widespread popularity, given that these polymers can be utilized to improve envelop insulation of buildings.

Elaborating further, it has been observed that numerous rigid spray polyurethane foam market participants have been innovating consistently to unveil high-grade reflective roof coatings, insulation equipment, and other roofing applications. To cite an instance of the same, one of the leading rigid spray polyurethane foam industry giants Lapolla Industries, Inc., has recently released a fourth-generation polyurethane foam, named as FOAM-LOK™ 2800-4G.

The latest product is being increasingly recognized as the first SPF insulation material that can assist in reducing two environmentally detrimental characteristics of the previous foam systems viz. ozone depletion potential and global warming potential. Apparently, the launch of new foam represents the persistent efforts being deployed by rigid spray polyurethane foam industry players to ramp up innovation to ensure the development of environment friendly products in the forthcoming years.

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After gradually recovering from the 2008 economic slowdown, the U.S. construction sector has progressed at an exceptional pace over the past decade. It would be prudent to mention that the stable GDP growth rate has been the prominent factor to propel the construction industry in the nation. Owing to the swift rise of construction sector coupled with a steady GDP augmentation, the rigid spray polyurethane foam market has apparently benefited considerably over the past few years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. BASF Corporation
2. Lapolla Industries, Inc
3. Bayer Material Science
4. NCFI Polyurethanes
5. Icynene Inc.
6. Demilec
7. Premium Spray Products
8. Rhino Linings Corporation
9. CertainTeed Corporation
10. The Dow Chemical Company
11. Specialty Products Inc.
12. Henry Company
13. Foam Supplies Inc.
14. International Cellulose Corp.
15. Mitex International Inc.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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