Rigid Spray Polyurethane Foam Market to gain impetus from construction sector

In the latest research report by Global Market Insights, Inc., rigid spray polyurethane foam market size is poised to surpass US$ 1.1 bn by 2024.

There have been concerted efforts to reduce costs, lower noise levels, and maintain uniform temperature in residential and commercial settings. According to the U.S. Department of Energy (DoE), heating and cooling cost around 50 to 70 percent of the energy consumed in the average American home.

Rigid spray polyurethane foam is gradually going mainstream and has become one of the most sought-after materials for building insulation on the heels of its structure leading to impermeability, air tightness and low thermal behavior.

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Trends: Walls and Roofs

What has caught the attention of leading companies is the incredibly high insulating R-values per inch of polyurethane foam. This has helped them boost space utilization, bolster efficiency, and reduce operating costs.

High insulating properties owing to low thermal conductivity has been redefining the trend among construction companies. The material provides tremendous resistance against the effects of the passage of time. Given that minimum thickness is warranted to insulate the same surface, rigid spray polyurethane foam has become a lucrative portfolio for end-users constructing walls and roofs.

Growth drivers: Construction industry

Construction industry has been underscoring rigid spray polyurethane foam market as these foams are believed to be cost effective by reducing noise levels and maintaining uniform temperature. As rigid SPFs fill seams and gaps during application, offer weatherproof sealants, cover hard-to-insulate shapes and form a seamless layer of insulation, they have become a desirable material in construction sector.

Strikingly, rigid SPFs are being marketable in remodeling and new home projects. Notably, foam-core panels tend to provide a wide range of profiles and colors for walls and roofs.
It is estimated that strong demand for rigid SPFs will be more pronounced in the next five years owing to their energy efficiency attributes such as low-density structure and lightweight.

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Growth opportunities: APAC and Latin America

Leading companies are vying to bolster their value proposition by infusing investments in emerging economies in BRICS. Prominently, India and China may be replete with funds as polyurethane is prevalently being used in the fabrication of steel faced building panels in commercial buildings.
High insulation value and innately light weight properties have made rigid SPFs an apt component for use in renovating projects.

A slew of environmental upsides has augured well for the rigid spray polyurethane foam market size expansion. For instance, reducing energy-efficient construction costs and boosting energy efficiency have helped prominent companies to complement governments’ guidelines and contribute to green building certifications, such as LEED and IECC certifications.

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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.

This release was published on openPR.