Spray Polyurethane Foam Market Size, Share, Analysis | Industry Outlook 2019

A recently released report by Transparency Market Research (TMR) forecasts that the global spray polyurethane foam market will expand at a CAGR of 7% from 2013 to 2019. TMR, a market intelligence firm, states that by 2020, the global spray polyurethane foam market will reach US$1823 million by the end of the forecast period from US$1135.3 million in 2012. The report, titled ‘Spray Polyurethane Foam (Open Cell, Closed Cell and Others) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019’, is available for sale on the company website.

View Complete Report @ https://www.transparencymarketresearch.com/spray-polyurethane-foam-market.html

According to this market research report, the global spray polyurethane foam market is mainly driven by rising demand from the rapidly expanding construction market, greater focus on energy efficiency, and the widespread implementation of stringent government regulations. Spray polyurethane foam is derived from the mixing of polyols and isocyanates in the presence of catalysts. This foam is generally used as an insulating material on building substrates. Unlike traditional substitutes such as glass, spray polyurethane foam possesses higher energy conservation qualities, and thus leaves a lower carbon footprint.

This TMR report segments the global spray polyurethane foam market on the basis of product, application, and geography. On the basis of product, this market is segmented into open cell, closed cell, and others. The open cell and closed cell segments taken together account for a whopping 90% of the global spray polyurethane foam market. Ongoing trends indicate that these two segments will expand rapidly in the forthcoming years as well.

Based on applications, the global spray polyurethane foam market is categorized into commercial roofing, residential walls, commercial walls, residential roofing, and others. The segment for residential roofing holds the highest share in the global spray polyurethane foam market. The rising demand for spray polyurethane foam can be attributed to the ecological benefits of the same and also government regulations emphasizing the importance of energy efficiency structures.

Much of the demand for spray polyurethane foam comes from the construction industry, which is expanding rapidly. However, the occupational health hazards caused by the inputs used in the manufacturing of spray polyurethane foams is a serious restraint in the global spray polyurethane foam market.

Geographically, the market study segments the global spray polyurethane foam market is segmented into Asia Pacific, North America, Europe, and Rest of the World. In 2012, the global spray polyurethane foam market was dominated by North America with a share that exceeded 44% of the global market. The spray polyurethane foam markets in Europe and North America are mainly driven by stringent government regulations. High industrial investments in Asia Pacific will stimulate the demand for spray polyurethane foam in this region during the forecast period.

To obtain all-inclusive information on forecast analysis of Spray Polyurethane Foam Market, request a PDF brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2174

The report identifies the following key companies in the global spray polyurethane foam market: Demilec, The Dow Chemical Company, Rhino Linings Corporation, CertainTeed Corporation, Premium Spray Products, NCFI Polyurethanes, Lapolla Industries Inc., BASF Corporation, and Icynene Inc. amongst others.

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

This release was published on openPR.