Rigid Spray Polyurethane Foam Market to Hit 6.5% CAGR to 2024 | Top Manufacturers BASF Corporation, Lapolla Industries, NCFI Polyurethanes, Dow Chemical, Bayer Material Science, Icynene Inc, Premium Spray Products

MarketStudyReport.com offers 2017 report on Global Rigid Spray Polyurethane Foam market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.

Expansion in Asia Pacific construction industry will positively influence the rigid SPF market growth in coming years due to economic growth, decline in prices of commodities & energy and growth in BRICS nations. The usage of the product to fill the gaps, cracks, voids, crevices of buildings and adheres to irregular surfaces to form an air sealing insulation owing to its ability to expand at the time of application process. Product demand is largely dependent on the construction industry as more than 90% of the entire rigid SPF production is employed in construction and renovation activities, including interior and exterior of buildings. Rigid Spray Polyurethane Foam market will likely surpass USD 1.1 billion by 2024; according to a new research report.

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Once applied, the product does not cause harm to the human health or eco-system. Therefore, the product has higher acceptance in this sector. Demand for these foams is also driven by increasing investments in the construction segment. Foreign direct investment (FDI) stimulates the construction industry in Asia Pacific and recorded over 5% increase in FDI inflow in 2015 due to ongoing government social & public mega infrastructure projects. This in turn will boost the rigid spray polyurethane foam market in this region.

Oscillation in the prices of raw materials and health related issues generated during production process are the key restraining factors for the rigid spray polyurethane foam market growth in forecast timeframe. The product is manufactured from petroleum derivatives such as methylene diphenyl diisocyanate and tolylene diisocyanate. Volatility in crude oil prices due to oligopolistic nature of the crude oil market has caused significant product price fluctuation. Hence, the supply of crude oil will be the key factor that is restraining the rigid spray polyurethane foam market growth throughout the forecast spell.

The end-use segment of the rigid SPF market is segregated into industrial, agricultural, residential, commercial and institutional buildings. Among these, industrial buildings will likely capture around 25% share of the total end-use segment in rigid SPF market over forecast period. In terms of value, institutional buildings segment is likely to generate around USD 270 million by 2024. This is all due to excessive usage of the foams in buildings walls, ceilings and roofs for insulation and sealing purpose.

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The roof application segment is said to grow over 5% CAGR throughout the forecast timeframe owing to excessive construction activities in emerging economies.

Based on value, Canada rigid spray polyurethane foam market is said to grow around 7.5% CAGR in the near future due to the significant residential & industrial buildings renovation and construction activities.

Few producers in the rigid spray polyurethane foam market include Henry Company, Rhino Linings, Mitex International, BASF and others. These companies are involved in development of the product, R&D, expansion and merger ventures. In June 2017, Henry Company acquired TQ3 North America which is in the fluid applied waterproofing systems technology. This move will help the company to reinforce their core business area.

Table of Content:

Chapter 1. Rigid Spray Polyurethane Foam Market Methodology and Scope

Chapter 2. Rigid Spray Polyurethane Foam Market Executive Summary

Chapter 3. Rigid Spray Polyurethane Foam Industry Insights

Chapter 4. Rigid Spray Polyurethane Foam Market, End-Use By Application

Chapter 5. Rigid Spray Polyurethane Foam Market, By Application

Chapter 6. Rigid Spray Polyurethane Foam Market, By Region

Chapter 8. Rigid Spray Polyurethane Foam Market Company Profiles

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Related Report:

2018 Global Polyurethane foam agent Industry Report - History, Present and Future

The global market size of Polyurethane foam agent is $XX million in 2017 with XX CAGR from 2013 to 2017, and it is expected to reach $XX million by the end of 2023 with a CAGR of XX% from 2018 to 2023.
https://www.marketstudyreport.com/reports/2018-global-polyurethane-foam-agent-industry-report-history-present-and-future?utm_source=RR-SP

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