Spray Foam Equipment Market to Witness Remarkable Growth from 2019 - 2027

Global Spray Foam Equipment Market -

• A spray foam equipment is a sophisticated machine used for insulation, roofing, and protective coatings in industrial, commercial, and residential areas. This equipment uses two key materials: isocyanate and polyol resin. These two materials are mixed with each other so as to perform the process of spraying or coating for various applications such as packaging, wall insulation, roof insulation, and concrete rehabilitation.
• Spray foam equipment improves not only the productivity and quality of the product but also the area where spray foam insulation is carried out.

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Global Spray Foam Equipment Market - Dynamics

Key Drivers of Global Spray Foam Equipment Market

• Growing industrialization in developing as well as developed countries are expected to drive the global spray foam equipment market during the forecast period
• Continuous growth in automobile production is also one of the important factors boosting the global spray foam equipment market
• Rise in the demand for automobiles in the automotive industry due to strict safety standards of working environments in the automotive industry, is expected to boost the global spray foam equipment market during the forecast period
• The development of a fourth-generation of blowing agents and an increase in the adoption of green buildings, which are focused on sustainable building practices and energy conservation, are projected to drive the global spray foam equipment market during the forecast period. The market is expected to expand at a significant rate also due to stringent government regulations on the reduction of greenhouse gas (GHG) emissions to increase the energy efficiency of buildings and homes.
• Furthermore, the rising trend of packaging products so as to enhance the quality of products is promoting the growth of the global spray foam equipment market
• Growing production of commercial cars and passenger cars across the world, led by lower interest rates, a rise in the per capita income, and high demand from consumers, is projected to drive the global spray foam equipment market during the forecast period

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North America to Hold a Major Share of Global Spray Foam Equipment Market

• North America is expected to hold a prominent share of the global spray foam equipment market between 2019 and 2027, due to the increasing adoption of automobiles across the region. Also, growth in residential construction and stringent government regulations on energy efficiency in the region are driving the market in North America.
• the Asia Pacific is expected to hold a considerable share of the global spray foam equipment market during the forecast period, due to growing urbanization and increasing population that has led to increase in commercial and industrial activities of packaging and building coating in the region.
• Furthermore, rapid industrialization and growth of the economy in India and China have resulted in rising in the demand for vehicles. This, in turn, is expected to drive the demand for spray foam equipment in the next few years.
• The spray foam equipment market in Europe is anticipated to expand at a significant rate during the forecast period, due to the growth of the automotive sector in the region. This, in turn, is expected to propel the market in the region in the next few years.

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Global Spray Foam Equipment Market -

Key Players Operating in Global Market

The global spray foam equipment market is highly concentrated, with the top manufacturers accounting for approximately 25%-30% of the market share. A few of the key players operating in the global spray foam equipment market are:

• Graco Inc.
• Intech Equipment & Supply
• Spray Foam Systems
• Vag Polytech Private Limited
• S.P.E.C. Technologies LLC
• Demilec Inc.
• Specialty Products Inc.
• Profoam Corporation
• Lapolla Industries, Inc.
• Oak Ridge Foam & Coating Systems, Inc.
• GS Manufacturing
• Henry Company

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Global Spray Foam Equipment Market - Research Scope

The global spray foam equipment market can be segmented based on:

• Product Type
• Infrastructure Type
• Distribution Channel
• Application
• Industry
• Region

Global Spray Foam Equipment Market, by Product Type

Based on product type, the global spray foam equipment market can be divided into:

• Closed Cell
• Open Cell

Global Spray Foam Equipment Market, by Infrastructure Type

In terms of infrastructure type, the global spray foam equipment market can be divided into:

• Residential
• Commercial
• Industrial

Global Spray Foam Equipment Market, by Distribution Channel

Based on distribution channel, the global spray foam equipment market can be segregated into:

• Direct Sales (OEM)
• Indirect Sales
• Spray Foam Equipment Customers

Global Spray Foam Equipment Market, by Application

In terms of application, the global spray foam equipment market can be categorized into:

• Packaging
• Building
o Wall Insulation
o Roof Insulation
o Concrete Rehabilitation
• Others

Global Spray Foam Equipment Market, by Industry
Based on industry, the global spray foam equipment market can be segmented into:
• Automotive
• Packaging
• Chemical
• Manufacturing
• Construction

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