NEW YORK , Feb. 6, 2023 /PRNewswire/ --
In-depth analysis provided in the report includes:
Current and future market trends to highlight market conditions
Comparative analysis of the market and its segments for the historic period of 2017 - 2021
Market drivers and market impediments and their impact on market growth
Positioning of market players and their business strategy analysis
Spray polyurethane market size & segmentation analysis
The spray polyurethane market is estimated to grow at a CAGR of 9.04% between 2022 and 2027. The size of the market is forecasted to increase by USD 1,312.48 million . The spray polyurethane market is segmented based on type, application, and geography.
Based on type, the spray polyurethane market is segmented into open cell and closed cell.
Based on application, the market is segmented into residential, commercial, and industrial.
Based on geography, the spray polyurethane market is segmented into APAC, Europe , North America , Middle East and Africa , and South America .
For insights on the market contribution of each segment, Buy the report!
Spray polyurethane market: Country-level analysis
The countries covered in the spray polyurethane market report are the US and Canada (North America ); the UK, Germany , France , and Rest of Europe (Europe ); China and India (APAC); Saudi Arabia , South Africa , and Rest of the Middle East & Africa (Middle East & Africa ); and Chile , Brazil , and Argentina (South America ).
APAC is estimated to account for 49% of the growth of the global market during the forecast period.
Population growth in the region is increasing the demand for residences and commercial establishments, which will drive the market's growth during the forecast period.
China , South Korea , India , and Japan are the key revenue contributors to the spray polyurethane foam market in the region.
China is a major hub for construction in APAC. In 2019, the Beijing Municipal Commission of Development and Reform announced plans for 300 construction projects. Such projects will fuel the growth of the spray polyurethane foam market in the region during the forecast period.
The geographic landscape of the report also provides market-impacting factors and changes that impact current and future trends. For detailed information, request a sample!
Spray polyurethane market: Dynamics & insights
Technavio's research report on the spray polyurethane market provides analysis and insights about the various drivers, along with key challenges, that impact the market throughout the forecast period.
The increasing demand for spray polyurethane foams in the construction industry is notably driving the market growth. Spray polyurethane foam has high energy efficiency, versatility, and thermal or mechanical performance. It is used in the construction industry for insulating walls, panels, and gap fillers in doors and windows. Spray polyurethane foam is also used as an adhesive in window and door installations. The increasing number of infrastructure projects globally is expected to increase the demand for spray polyurethane foam during the forecast period.
However, increasing demand for alternatives of spray polyurethane foams is a major challenge impeding the market. The use of spray polyurethane foam can cause environmental issues such as ozone layer depletion. Hence, substitutes such as natural latex, cotton fiber foam, organic wool, plain cotton, short-staple polyester fiber, and polystyrene are used in various applications. Natural latex is biodegradable and is resistant to dust mites, mold, and mildew. Short staple polyester fiber and polystyrene are synthetic polymers and are used as substitutes for spray polyurethane foam in applications such as packaging, automotive, and construction. Thus, the increasing demand for alternatives to spray polyurethane foam will hinder the market growth during the forecast period.
Spray polyurethane market: Competitive landscape and vendor analysis
Technavio's report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Some of the major players operating in the spray polyurethane market are Akkim Construction Chemicals Inc., Anagha ASF LLP, Barnhardt Manufacturing Co., Compagnie de Saint Gobain SA, Covestro AG, Dow Inc., Honeywell International Inc., Huntsman Corp., Indospark Inc., Innovative Chemical Products, Isothane Ltd., Johns Manville, Sekisui Chemical Co. Ltd., Shanghai Junbond Building Materials Co. Ltd., SOPREMA SAS, Specialty Products Inc., Tosoh Corp., Woodbridge Foam Corp., Sika AG, and BASF SE, among others. For insights on the vendor offerings, download a PDF sample!
The polyurethane (PU) coatings market is estimated to grow at a CAGR of 6.2% between 2022 and 2027. The size of the market is forecasted to increase by USD 9,719.29 million . This report extensively covers market segmentation by end-user (wood and furniture, automotive and transportation, electrical and electronics, and others), type (solvent-borne, water-borne, and others), and geography (APAC, Europe , North America , South America , and Middle East and Africa ).
The polyurethane catalysts market size is expected to increase by 1,708.89 thousand tons from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.65%. This report extensively covers market segmentation by application (foam, elastomers, coatings, and others) and geography (APAC, North America , Europe , South America , and MEA).
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Spray Polyurethane Foam Market Scope
Accelerate at a CAGR of 9.04%
APAC, North America, Europe, South America, and Middle East and Africa
US, China, Japan, South Korea, and Germany
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Akkim Construction Chemicals Inc., Anagha ASF LLP, Barnhardt Manufacturing Co., Compagnie de Saint Gobain SA, Covestro AG, Dow Inc., Honeywell International Inc., Huntsman Corp., Indospark Inc., Innovative Chemical Products, Isothane Ltd., Johns Manville, Sekisui Chemical Co. Ltd., Shanghai Junbond Building Materials Co. Ltd., SOPREMA SAS, Specialty Products Inc., Tosoh Corp., Woodbridge Foam Corp., Sika AG, and BASF SE
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse for Technavio's materials market reports
3.4 Market outlook: Forecast for 2022-2027
4.1 Global spray polyurethane foam market 2017 - 2021
6.3 Residential - Market size and forecast 2022-2027
6.4 Commercial - Market size and forecast 2022-2027
6.5 Industrial - Market size and forecast 2022-2027
7.3 Open cell - Market size and forecast 2022-2027
7.4 Closed cell - Market size and forecast 2022-2027
9.3 APAC - Market size and forecast 2022-2027
9.4 North America - Market size and forecast 2022-2027
9.5 Europe - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 China - Market size and forecast 2022-2027
9.9 US - Market size and forecast 2022-2027
9.10 Japan - Market size and forecast 2022-2027
9.11 Germany - Market size and forecast 2022-2027
9.12 South Korea - Market size and forecast 2022-2027
10.3 Impact of drivers and challenges
12.6 Compagnie de Saint Gobain SA
12.13 Shanghai Junbond Building Materials Co. Ltd.
13.3 Currency conversion rates for US$
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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