Rigid Spray Polyurethane Foam Market to observe remarkable push over 2024

Global Market Insights, Inc present the report on global Rigid Spray Polyurethane Foam Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research.

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.

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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.

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

• BASF Corporation
• Lapolla Industries, Inc
• Bayer Material Science
• NCFI Polyurethanes
• Icynene Inc.
• Demilec
• Premium Spray Products
• Rhino Linings Corporation
• CertainTeed Corporation
• The Dow Chemical Company
• Specialty Products Inc.
• Henry Company
• Foam Supplies Inc.
• International Cellulose Corp.
• Mitex International Inc.

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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.

Moreover, various government agencies have drafted elaborate provisions to strictly enforce major energy efficiency standards such as Leadership in Energy and Environmental Design (LEED) and the International Energy Conservation Code (IECC) across the U.S. These regulations have necessitated the construction sector to readily embrace polymers like spray polyurethane foam as they provide resistance to heat transfer, reduce energy requirements of large buildings, and seal air gaps in roofs and walls to cool down the energy-guzzling residential and commercial structures.

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According to the estimates published by the U.S. Department of Energy, more than half of the energy utilized across households is for cooling or heating purposes. Moreover, a major portion of buildings’ energy, calculated to be around 30%, is lost due to air infiltration. Apparently, sealing and insulating air gaps is one of the most effective solutions in order to conserve and efficiently utilize energy. This trend would consequentially contribute toward expanding the U.S. rigid spray polyurethane foam industry share as these foams continue to find wide scale usage in the construction sector.

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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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