Spray Polyurethane Foam Market is Forecasted to Reach US$ 4.4 billion in 2026, Says Stratview Research

The global Spray Polyurethane Foam Market is projected to witness a growth rate of 8.1% annually from 2021 to 2026, with an anticipated size of US$ 4.4 billion in 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Spray Polyurethane Foam Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1852/spray-polyurethane-foam-market.html#form

Report Highlights:
Market Size in 2026: US$ 4.4 billion
Growth (CAGR): 8.1% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Spray Polyurethane Foam Market:
The global Spray Polyurethane Foam Market is segmented based on cell structure type, application type, end-use type and region.

Based on cell structure type - The market is segmented as open-cell structure and closed-cell structure. The closed-cell structure is expected to remain the larger and faster-growing segment of the market and occupied a major market share of more than 75% in 2020. There is a high significance of closed-cell structure SPF in exterior applications such as roofs and walls. On the contrary, the open-cell structure is mainly preferred in interior applications such as ceilings and floors.

Based on application type - The market is segmented as roofs, walls, floors, and others. Walls are estimated to remain the most dominant users of the market and it held a revenue share of more than 35% in 2020. Increased energy conservation needs, superior wall thermal performance, fire protection, termite control, and moisture control are key requirements fueling the segment's market. Roofs also account for a sizeable opportunity in the market.

Based on end-use type - The market is segmented as residential, commercial, and industrial. Residential is estimated to be the dominant segment and it held a revenue share of more than 70% in 2020.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1852/spray-polyurethane-foam-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is expected to remain the largest market and it holds a revenue share of more than 45% in 2021. This growth outlook is majorly attributed to the following-
• The region has a high focus on building insulation with a strong reliance on spray polyurethane foam due to regional government incentives and laws that promote energy-efficient infrastructure.
• North America and Europe have a higher penetration of spray polyurethane foam compared to the Asian and African markets. However, there exists a strong growth potential in the emerging Asian and African economies in the coming years.

Spray Polyurethane Foam Market Drivers:
Some of the key drivers listed in the report are given below.
• Over the eons, building insulation products have evolved enormously with constant developments in technologies.
• Growing concerns over greenhouse gas emissions and stricter building energy codes are the fundamental growth drivers, necessitating the usage of insulation products.
• Growth in the construction sector.
• Stringent government regulations regarding energy efficiency
• Strong Potential as a key component of the Durability Management Strategy for a building.

Top 10 Companies in the Spray Polyurethane Foam Market:
Stratview Research has identified the following companies as the top market players:
• Huntsman International LLC
• Carlisle Companies Inc.
• BASF SE
• Dow Chemical Company
• Covestro AG
• Johns Manville
• CertainTeed
• Nippon Aqua Foam
• Henry Company
• NCFI Polyurethanes
• Changsha Firm Bond New Material Co. Ltd.
• INOAC Corporation
• Soprema

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Spray Polyurethane Foam Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Polyurethane Adhesives Market: https://www.stratviewresearch.com/1418/polyurethane-adhesives-market.html
• Polyurethane Microspheres Market : https://www.stratviewresearch.com/1417/polyurethane-(PU)-microspheres-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.