Spray Polyurethane Foam Market is Projected to Gain a Valuation of US$ 3.3 Bn by 2031: TMR Study

News provided by

Jul 19, 2022, 11:30 ET

Rise in the product usage in residential roofing is bolstering the spray polyurethane foam market
Increase in number of construction projects in Asia Pacific is driving the regional market growth

WILMINGTON, Del., July 19, 2022 /PRNewswire/ -- The global spray polyurethane foam market is estimated to register growth at a CAGR of 7% during the forecast period from 2022 to 2031, notes a study by Transparency Market Research (TMR). Moreover, the global market is expected to be valued at US$ 3.3 Bn by 2031.

The report by TMR intends to provide in-depth analysis of spray polyurethane foam market growth factors. Moreover, readers gain a clear picture on the spray polyurethane foam market trends.

Companies in the spray polyurethane foam market are executing different strategies such as mergers, acquisitions, and new product launches. Such efforts are helping players in expanding their businesses and staying ahead of the competition.

Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2174

Spray Polyurethane Foam Market: Key Findings

Spray polyurethane foam is being increasingly utilized in the construction industry. Varied common construction applications need filling, bonding, insulation, and sealing. Owing to superior thermal as well as acoustic insulation properties of spray polyurethane, it is being increasingly used in the insulation of sealing and bonding of walls and roofs, water pipes, and installation of window and door frames. Surge in the global population is resulting into increase in the number of construction projects including commercial and residential buildings. This factor, in turn, is helping in the growth of the spray polyurethane foam market.
Spray polyurethane foams find application in residential roofing, commercial wall, residential walls, and commercial roofing. This foam is mainly used in roofs in order to offer extra layer of protection. The process is popularly known as foam roofing, which includes a polyurethane foam together with elastomeric coating. Over the period of past few years, there has been increases in the construction of residential buildings such as multi-family construction, single-family construction, and home improvements. This factor is boosting the demand for residential proofing activities. As a result, the residential proofing segment is projected to maintain its dominating position in global spray polyurethane foam market during the forecast period.

Get Covid 19 Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2174

Spray Polyurethane Foam Market: Growth Boosters

Surge in the construction activities in order to cater to the needs of rising global population is resulting into revenue-generation opportunities in the spray polyurethane foam market
Players are experiencing rise in the demand for open-cell foam polyurethane foam owing to its flexibility, cost-effective nature, and ability to provide higher moisture resistance in comparison with closed-cell polyurethane foam

Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2174

Spray Polyurethane Foam Market: Regional Analysis

Asia Pacific is estimated to play important role in the spray polyurethane foam market development and expand at a CAGR of 11.5% during the forecast period. The Asia Pacific market growth is ascribed to the presence of many emerging economies such as China and India and increase in demand for commercial establishments and residences in the region.
The North America market is prognosticated to expand at a CAGR of 6% during the forecast period. Surge in the product demand from the construction industry of the U.S. is propelling the regional spray polyurethane foam market. Moreover, the North America market is expanding owing to rise in government incentives and regulations promoting the development of energy-efficient infrastructure in the nation.

Make an Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=2174

Spray Polyurethane Foam Market: Key Players

Some of the key players profiled in the report are:

The Dow Chemical Company
Huntsman International LLC
BASF SE
Carlisle Spray Form Insulation
DuPont
CERTAINTEED
Rhino Linings Corporation
ISOTHANE LTD
Bayer AG
Lapolla Industries, Inc.,
Demilec
Covestro AG
ICYNENE
Carlisle Companies

Spray Polyurethane Foam Market Segmentation

Type

Open-cell Spray Polyurethane Foam
Closed-cell Spray Polyurethane Foam

Application

Residential Walls
Residential Roofing
Commercial Walls
Commercial Roofing
Other (Medical Equipment, Transportation, and Telecom)

Regions Covered

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Browse More Chemicals & Materials Market Reports by TMR:

Recycled PET (r-PET) Bottles Market - Recycled PET (r-PET) Bottles Market is likely to register a CAGR of 9.6% during the forecast period and is anticipated to reach a recycled PET (r-PET) bottles market share of US$ 4.3 Bn By 2031

Waste to Energy Market - Waste to Energy Market is likely to register a CAGR of 6.1% during the forecast period and is anticipated to reach a waste to energy market share of US$ 43.1 Bn By 2031

Aroma Chemicals Market - Aroma Chemicals Market is likely to register a CAGR of 6.2% during the forecast period and is anticipated to reach a aroma chemicals market share of US$ 10.8 Bn By 2031

Lyocell Fibers Market - Lyocell Fibers Market is likely to register a CAGR of 11.8% during the forecast period and is anticipated to reach a lyocell fibers market share of US$ 2.7 Trn By 2031

Waterproofing Membranes Market - Waterproofing Membranes Market is likely to register a CAGR of 7.1% during the forecast period and is anticipated to reach a waterproofing membranes market share of US$ 43.0 Bn By 2031

Medical Plastics Market - Medical Plastics Market is likely to register a CAGR of 7.2% during the forecast period and is anticipated to reach a medical plastics market share of US$ 76.7 Bn By 2031

Adjuvants Market - Adjuvants Market is likely to register a CAGR of 6.7% during the forecast period and is anticipated to reach a adjuvants market share of US$ 7.9 Bn By 2031

Carbon Fiber Market - Carbon Fiber Market is likely to register a CAGR of 6.8% during the forecast period and is anticipated to reach a carbon fiber market share of US$ 4.5 Bn By 2031

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]