Spray Polyurethane Foam Market Research Report – Global Forecast till 2027

Spray Polyurethane Foam Market: Information by Type (Open Cell and Closed Cell Polyurethane Foam), Application (Walls, Floor, Roofs, and Others), and Region (Asia-Pacific, North America, Europe, Latin America, and Others) — Global Forecast till 2027

ID: MRFR/CnM/5879-HCR | February 2021 | Region: Global | 140 pages

Market Overview: Global Spray Polyurethane Foam Market was valued at around USD 1648.8 million in 2018 and is expected to register over 7% CAGR during the review period. Spray polyurethane foam is a spray-applied plastic that forms insulation and air sealing barrier on walls, roofs, around corners, and contoured surfaces. It is produced by reacting methylene diphenyl diisocyanate with a polyol blend. Spray polyurethane foam provides high energy conservation efficiency and reduces the need for installing HVAC equipment by around 40-50%. It finds use in numerous building applications such as walls, vented attics, floors, uninsulated basement walls, crawlspaces, and unvented roof deck. It provides high thermal resistance, moisture vapor retardation, noise absorption, and excellent air and water barrier properties. Based on type, it is categorized as open cell and closed cell spray polyurethane foam, among which, open cell spray polyurethane foam is widely used in residential buildings and closed cell spray polyurethane foam in commercial buildings. 


The global demand for spray polyurethane foam is driven by expanding construction industry with rise in residential construction across the globe. Increase in commercial construction in developing nations on account of increasing penetration of big retail outlets such as departmental stores, supermarkets, malls, and specialty stores is driving the demand for spray polyurethane foam. Additionally, rise in construction in developed markets on account of increased requirement for smart buildings and modern architecture is likely to add to the growth of the global spray polyurethane foam market during the review period. Growing demand for energy-efficient construction materials in buildings to conserve energy sources and thus, reduce environmental emissions is likely to offer lucrative opportunities to the players operating in the global spray polyurethane market in the coming years. Furthermore, the increasing popularity of LEED, Leadership in Energy and Environmental Design, certification, a green building rating system to promote green building concept, has resulted in increased construction activities globally.


Some of the prevailing trends noticed in the global spray polyurethane foam market includes product development and acquisitions. For instance, in March 2018, Huntsman International LLC acquired Demilec Inc., one of the leading manufacturers of spray polyurethane foam insulation systems in North America, to diversify its product portfolio and expand business presence. Also, in February 2017, Accella Corporation acquired spray polyurethane foam business of Covestro AG to gain competitive edge in the spray polyurethane foam market.


Global Spray Polyurethane Foam Market Share, by Type, 2017 (%)


Spray Polyurethane Foam Market


Source: MRFR Analysis


Regional Analysis


North America market accounted for the largest share of the global spray polyurethane foam market and is expected to register a healthy CAGR during the review period. This market growth can be attributed to the increasing construction spending in the region. Growing energy consumption by the residential buildings has resulted in surge in demand for energy efficient construction materials and thus, spray polyurethane foam in the region.


Asia-Pacific is another prominent market on account of increasing residential and commercial construction coupled with growing urbanization and changing living standard. Additionally, increased investment by the government in developing nations such as India, China, and ASEAN for the infrastructure development has resulted in increase in construction activities, which is expected to propel the market growth during the review period.


The European market is expected to drive the market growth on account of the expanding construction industry in Western and Northern Europe with increased spending on construction, renovation, and maintenance to meet the growing requirement for modern architecture and smart buildings.


The market in the Middle East & Africa and Latin America market is expected to grow at a significant rate during the review period on account of increasing investments in the construction sector.


Segmentation


The global spray polyurethane foam market has been segmented by type, application, and region.


On the basis of type, the market has been segmented into open cell spray polyurethane foam (light density spray foam), closed cell spray polyurethane foam, one component foam, and others.


Closed cell spray polyurethane foam is further sub-segmented into high and medium density spray foam.


Based on application, the market has been divided into walls, roofs, attics, floor, crawl spaces, and others.


By region, the market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.


Key Players


Some of the key players in the global spray polyurethane foam are Huntsman International LLC (US), Accella Polyurethane Systems (US), BASF SE (Germany), Certainteed (US), Icynene (Canada), DowDuPont (US), NCFI Polyurethanes (US), Invista (US), Isothane Ltd (UK), Johns Manville (US), Soprema (France), Specialty Products Inc (US), and Rhino Linings Corporation (US).


Intended Audience



  • Spray polyurethane foam manufacturers

  • Traders and distributors of spray polyurethane foam

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   Substantial Value
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Has been segmented by type, application, and region.
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Huntsman International LLC (US), Accella Polyurethane Systems (US), BASF SE (Germany), Certainteed (US), Icynene (Canada), DowDuPont (US), NCFI Polyurethanes (US), Invista (US), Isothane Ltd (UK), Johns Manville (US), Soprema (France), Specialty Products Inc (US), and Rhino Linings Corporation (US).
  Key Market Opportunities   Growing demand for energy-efficient construction materials in buildings to conserve energy sources .
  Key Market Drivers   Rise in construction in developed markets on account of increased requirement for smart buildings and modern architecture.


Frequently Asked Questions (FAQ) :


The spray polyurethane foam market would find a 7% CAGR easy to achieve during the forecast period of 2017 to 2023.

The global spray polyurethane foam market would grow with the increasing construction of green buildings.

North America would take the charge and dominate the spray polyurethane foam market in the coming years.

The spray polyurethane foam market can profit from applications like roofs, walls, floors, crawl spaces, attics, and others.

Players like Accella Polyurethane Systems (US), Huntsman International LLC (US), Icynene (Canada), BASF SE (Germany), Certainteed (US), Invista (US), Isothane Ltd (UK), DowDuPont (US), Specialty Products Inc (US), NCFI Polyurethanes (US), Soprema (France), Johns Manville (US), and Rhino Linings Corporation (US) are projected to gain profit from the spray polyurethane foam market.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Bargaining Power of Suppliers

4.1.4 Threat of Substitutes

4.1.5 Segment Rivalry

4.2 Value Chain/Supply Chain of Global Spray Polyurethane Foam Market

5 Industry Overview of Global Spray Polyurethane Foam (SPF) Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Spray Polyurethane Foam Market, by Type

7.1 Introduction

7.2 Open Cell Spray Polyurethane Foam (Light Density Polyurethane Foam)

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Closed Cell Spray Polyurethane Foam

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.3.3 High Density Spray Foam

7.3.3.1 Market Estimates & Forecast, 2020–2027

7.3.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.3.4 Medium Density Spray Foam

7.3.4.1 Market Estimates & Forecast, 2020–2027

7.3.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.4 One Component Foam

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, by Region, 2020–2027

7.5 Others

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Spray Polyurethane Foam Market, by Application

8.1 Introduction

8.2 Walls

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Roofs

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Attics

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Floor

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Crawl Spaces

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Others

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global Spray Polyurethane Foam Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020–2027

9.2.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.2.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020–2027

9.3.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.9.3 Market Estimates & Forecast, by Application, 2020–2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast, by Type, 2020–2027

9.3.10.3 Market Estimates & Forecast, by Application, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.6 Japan

9.4.5.1 Market Estimates & Forecast, 2020–2027

9.4.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.7 Australia & NewZealand

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.8 Indonesia

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.9 Thailand

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.9.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.10 Malaysia

9.4.10.1 Market Estimates & Forecast, 2020–2027

9.4.10.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.10.3 Market Estimates & Forecast, by Application, 2020–2027

9.4.11 Rest of Asia-Pacific

9.4.11.1 Market Estimates & Forecast, 2020–2027

9.4.11.2 Market Estimates & Forecast, by Type, 2020–2027

9.4.11.3 Market Estimates & Forecast, by Application, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020–2027

9.5.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020–2027

9.5.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.7.3 Market Estimates & Forecast, by Application, 2020–2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020–2027

9.5.8.2 Market Estimates & Forecast, by Type, 2020–2027

9.5.8.3 Market Estimates & Forecast, by Application, 2020–2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020–2027

9.6.4.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.4.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020–2027

9.6.5.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.5.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020–2027

9.6.6.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.6.3 Market Estimates & Forecast, by Application, 2020–2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020–2027

9.6.7.2 Market Estimates & Forecast, by Type, 2020–2027

9.6.7.3 Market Estimates & Forecast, by Application, 2020–2027

10. Company Landscape

11. Company Profiles

11.1 Huntsman International LLC

11.1.1 Company Overview

11.1.2 Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Accella Polyurethane Systems

11.2.1 Company Overview

11.2.2 Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 BASF SE

11.3.1 Company Overview

11.3.2 Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Certainteed

11.4.1 Company Overview

11.4.2 Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Icynene

11.5.1 Company Overview

11.5.2 Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 DowDuPont

11.6.1 Company Overview

11.6.2 Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 NCFI Polyurethanes

11.7.1 Company Overview

11.7.2 Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Invista

11.8.1 Company Overview

11.8.2 Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Isothane Ltd

11.9.1 Company Overview

11.9.2 Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Johns Manville

11.10.1 Company Overview

11.10.2 Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.11 Soprema

11.11.1 Company Overview

11.11.2 Type/Business Segment Overview

11.11.3 Financial Updates

11.11.4 Key Developments

11.12 Specialty Products Inc

11.12.1 Company Overview

11.12.2 Type/Business Segment Overview

11.12.3 Financial Updates

11.12.4 Key Developments

11.13 Rhino Linings Corporation

11.13.1 Company Overview

11.13.2 Type/Business Segment Overview

11.13.3 Financial Updates

11.13.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population in Major Regions (2020–2030)

Table 2 Global Spray Polyurethane Foam Market, by Region, 2020–2027

Table 3 North America: Spray Polyurethane Foam Market, by Country, 2020–2027

Table 4 Europe: Spray Polyurethane Foam Market, by Country, 2020–2027

Table 5 Asia-Pacific: Spray Polyurethane Foam Market, by Country, 2020–2027

Table 7 Middle East & Africa: Spray Polyurethane Foam Market, by Country, 2020–2027

Table 6 Latin America: Spray Polyurethane Foam Market, by Country, 2020–2027

Table 8 Global Spray Polyurethane Foam Type Market, by Region, 2020–2027

Table 9 North America: Spray Polyurethane Foam Type Market, by Country, 2020–2027

Table 10 Europe: Spray Polyurethane Foam Type Market, by Country, 2020–2027

Table11 Asia-Pacific: Spray Polyurethane Foam Type Market, by Country, 2020–2027

Table13 Middle East & Africa: Spray Polyurethane Foam Type Market, by Country, 2020–2027

Table12 Latin America: Spray Polyurethane Foam Type Market, by Country, 2020–2027

Table14 North America: Spray Polyurethane Foam Application Market, by Country, 2020–2027

Table13 Europe: Spray Polyurethane Foam Application Market, by Country, 2020–2027

Table14 Asia-Pacific: Spray Polyurethane Foam Application Market, by Country, 2020–2027

Table16 Middle East & Africa: Spray Polyurethane Foam Application Market, by Country, 2020–2027

Table15 Latin America: Spray Polyurethane Foam Application Market, by Country, 2020–2027

Table23 Global Type Market, by Region, 2020–2027

Table24 Global Application Market, by Region, 2020–2027

Table25 North America: Spray Polyurethane Foam Market, by Country, 2020–2027

Table26 North America: Spray Polyurethane Foam Market, by Type, 2020–2027

Table27 North America: Spray Polyurethane Foam Market, by Application, 2020–2027

Table28 Europe: Spray Polyurethane Foam Market, by Country, 2020–2027

Table29 Europe: Spray Polyurethane Foam Market, by Type, 2020–2027

Table30 Europe: Spray Polyurethane Foam Market, by Application, 2020–2027

Table31 Asia-Pacific: Spray Polyurethane Foam Market, by Country, 2020–2027

Table32 Asia-Pacific: Spray Polyurethane Foam Market, by Type, 2020–2027

Table33 Asia-Pacific: Spray Polyurethane Foam Market, by Application, 2020–2027

Table36 Middle East & Africa: Spray Polyurethane Foam Market, by Country, 2020–2027

Table37 Middle East & Africa Spray Polyurethane Foam Market, by Type, 2020–2027

Table33 Middle East & Africa: Spray Polyurethane Foam Market, by Application, 2020–2027

Table34 Latin America: Spray Polyurethane Foam Market, by Country, 2020–2027

Table35 Latin America Spray Polyurethane Foam Market, by Type, 2020–2027

Table33 Latin America: Spray Polyurethane Foam Market, by Application, 2020–2027

LIST OF FIGURES

FIGURE 1 Global Spray Polyurethane Foam Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Spray Polyurethane Foam Market

FIGURE 4 Value Chain of Global Spray Polyurethane Foam Market

FIGURE 5 Share of Global Spray Polyurethane Foam Market in 2020, by Country (%)

FIGURE 6 Global Spray Polyurethane Foam Market, 2020–2027,

FIGURE 7 Sub-Segments of Type, 2020

FIGURE 8 Global Spray Polyurethane Foam Market Size, by Type, 2020

FIGURE 9 Share of Global Spray Polyurethane Foam Market, by Type, 2020–2027

FIGURE 10 Sub-Segments of Application

FIGURE 11 Global Spray Polyurethane Foam Market Size, by Application, 2020

FIGURE 12 Share of Global Spray Polyurethane Foam Market, by Application, 2020–2027