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Spray Polyurethane Foam - Global Market Outlook (2020-2028)

June 2021 | 150 pages | ID: S7D9B5BD57C8EN
Stratistics Market Research Consulting

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According to Stratistics MRC, the Global Spray Polyurethane Foam market is accounted for $1.92 billion in 2020 and is expected to reach $3.72 billion by 2028 growing at a CAGR of 8.6% during the forecast period. Some of the key factors propelling the market growth include growing concerns related to greenhouse gas emissions, swapping green building techniques, increased demand for bio based products, strong potential as a key component of the durability management strategy for a building, and growing significance in industrial insulation for cold storage spaces, walk-in refrigerators, pipes, tanks, and others. However, stringent EPA and occupational safety and health administration (OSHA) regulations is anticipated to hinder the growth of the market.

Spray polyurethane foam (SPF) is a high performance spray applied plastic that insulates walls and make the wall heat resistant, and it also reduces unwanted air infiltration that happen due to cracks, seams and joints in the walls. It has comprehensive strengths such as high insulation with less thickness and lower heat conductivity. It can save energy throughout the life of a building, allowing the owner to use smaller capacity cooling and heating equipment. SPF is better and more durable than any type of insulation materials. The conventional insulation loses heat quickly in extreme cold conditions; however, SPF can increase the resistance power of the air sealing irrespective of the weather conditions. SPF is relatively easy to be used to ll the gaps of the walls and ceiling cavity. This saves more energy than conventional insulation methods.

By product, open cell spray polyurethane foam (OCSPF) (low density spray polyurethane foam) segment is expected to grow at the significant rate during the forecast period, as it is extensively used in building interiors. Open-cell spray polyurethane foam has properties such as high air barrier, low sound transmission, and low density. It is highly preferred in the construction industry owing to its low density. Increasing construction activities across the world are expected to drive the demand for open-cell spray polyurethane foam during the forecast period. These foams are permeable to water vapor and air and its sponge-like structures makes it ideal for commercial and residential interior applications.

On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast years, owing to rising regional population along with income levels is projected to swell the building & construction industry in order to meet the increasing demand for permanent shelters. This will drive the regional product market size owing to its further application in cold storage pipes, and tanks. Moreover, construction activities in China, India, and other emerging countries will be the main contributors to the product market in this region. China is the largest economy in the entire Asia-Pacific region, in terms of GDP. The growth in the country remains high but is gradually diminishing, as the population is aging, and the economy is rebalancing from investment to consumption, manufacturing to services, and external to internal demand.

Some of the key players in Spray Polyurethane Foam market include Nitto Denko Corp., Rogers Corp., The Dow Chemical Company, Accella Polyurethane Systems, LLC, Armacell International SA, BASF SE, Bayer, Sekisui Chemical Co. Ltd., Certainteed Corporation, Covestro AG, Future Foam Inc., John Manville, Rhino Linings Corporation, Lapolla Industries, Inc., Huntsman Corp., LANXESS AG, and Specialty Product Inc.

Products Covered:
  • One Component Foam (OCF)
  • Two-Component Spray Foam
  • High-Gloss Epoxy Polyester Powder
  • Flat-Gloss Epoxy Polyester Powder
Types Covered:
  • Flexible Foam
  • Rigid Foam
  • Spray Foam
Applications Covered:
  • Roofing
  • Walls
  • Floors
  • Attics
  • Crawl Spaces
  • Air-Barriers
  • Flotation
  • Ceilings
  • Domestic Appliances
  • Asbestos Encapsulation
  • Insulation
  • Sealants
  • Waterproofing
  • Cookers
  • Instruments
  • Fitness Equipment
End Users Covered:
  • Residential
  • Commercial
  • Industrial
  • Electrical and Electronics
  • Automotive
  • Building and Construction
  • Packaging
  • Footwear
  • Textiles & Apparels
  • Bedding & Furniture
  • Other End Users
Regions Covered:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
What our report offers:
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements
Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:
  • Company Profiling
        • Comprehensive profiling of additional market players (up to 3)
        • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL SPRAY POLYURETHANE FOAM MARKET, BY PRODUCT

5.1 Introduction
5.2 One Component Foam (OCF)
5.3 Two-Component Spray Foam
  5.3.1 Open Cell Spray Polyurethane Foam (OCSPF) (Low Density Spray Polyurethane Foam)
  5.3.2 Closed Cell Spray Polyurethane Foam (CCSPF)
    5.3.2.1 High Density Spray Polyurethane Foam
    5.3.2.2 Medium Density Spray Polyurethane Foam
5.4 High-Gloss Epoxy Polyester Powder
5.5 Flat-Gloss Epoxy Polyester Powder

6 GLOBAL SPRAY POLYURETHANE FOAM MARKET, BY TYPE

6.1 Introduction
6.2 Flexible Foam
6.3 Rigid Foam
6.4 Spray Foam

7 GLOBAL SPRAY POLYURETHANE FOAM MARKET, BY APPLICATION

7.1 Introduction
7.2 Roofing
  7.2.1 Residential Roofing
  7.2.2 Commercial Roofing
7.3 Walls
  7.3.1 Commercial Walls
  7.3.2 Residential Walls
7.4 Floors
7.5 Attics
7.6 Crawl Spaces
7.7 Air-Barriers
7.8 Flotation
7.9 Ceilings
7.10 Domestic Appliances
7.11 Asbestos Encapsulation
7.12 Insulation
7.13 Sealants
7.14 Waterproofing
7.15 Cookers
7.16 Instruments
7.17 Fitness Equipment

8 GLOBAL SPRAY POLYURETHANE FOAM MARKET, BY END USER

8.1 Introduction
8.2 Residential
  8.2.1 Multifamily
  8.2.2 Single Family
8.3 Commercial
  8.3.1 Heavy
  8.3.2 Light
8.4 Industrial
8.5 Electrical and Electronics
8.6 Automotive
8.7 Building and Construction
8.8 Packaging
8.9 Footwear
8.10 Textiles & Apparels
8.11 Bedding & Furniture
8.12 Other End Users
  8.12.1 Telecom
  8.12.2 Medical
  8.12.3 Transportation

9 GLOBAL SPRAY POLYURETHANE FOAM MARKET, BY GEOGRAPHY

9.1 Introduction
9.2 North America
  9.2.1 US
  9.2.2 Canada
  9.2.3 Mexico
9.3 Europe
  9.3.1 Germany
  9.3.2 UK
  9.3.3 Italy
  9.3.4 France
  9.3.5 Spain
  9.3.6 Rest of Europe
9.4 Asia Pacific
  9.4.1 Japan
  9.4.2 China
  9.4.3 India
  9.4.4 Australia
  9.4.5 New Zealand
  9.4.6 South Korea
  9.4.7 Rest of Asia Pacific
9.5 South America
  9.5.1 Argentina
  9.5.2 Brazil
  9.5.3 Chile
  9.5.4 Rest of South America
9.6 Middle East & Africa
  9.6.1 Saudi Arabia
  9.6.2 UAE
  9.6.3 Qatar
  9.6.4 South Africa
  9.6.5 Rest of Middle East & Africa

10 KEY DEVELOPMENTS

10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 COMPANY PROFILING

11.1 Nitto Denko Corp.
11.2 Rogers Corp.
11.3 The Dow Chemical Company
11.4 Accella Polyurethane Systems, LLC
11.5 Armacell International SA
11.6 BASF SE
11.7 Bayer
11.8 Sekisui Chemical Co. Ltd.
11.9 Certainteed Corporation
11.10 Covestro AG
11.11 Future Foam Inc.
11.12 John Manville
11.11 Rhino Linings Corporation
11.14 Lapolla Industries, Inc.
11.15 Huntsman Corp.
11.16 LANXESS AG
11.17 Specialty Product Inc

LIST OF TABLES

Table 1 Global Spray Polyurethane Foam Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Spray Polyurethane Foam Market Outlook, By Product (2019-2028) ($MN)
Table 3 Global Spray Polyurethane Foam Market Outlook, By One Component Foam (OCF) (2019-2028) ($MN)
Table 4 Global Spray Polyurethane Foam Market Outlook, By Two-Component Spray Foam (2019-2028) ($MN)
Table 5 Global Spray Polyurethane Foam Market Outlook, By Open Cell Spray Polyurethane Foam (OCSPF) (Low Density Spray Polyurethane Foam) (2019-2028) ($MN)
Table 6 Global Spray Polyurethane Foam Market Outlook, By Closed Cell Spray Polyurethane Foam (CCSPF) (2019-2028) ($MN)
Table 7 Global Spray Polyurethane Foam Market Outlook, By High-Gloss Epoxy Polyester Powder (2019-2028) ($MN)
Table 8 Global Spray Polyurethane Foam Market Outlook, By Flat-Gloss Epoxy Polyester Powder (2019-2028) ($MN)
Table 9 Global Spray Polyurethane Foam Market Outlook, By Type (2019-2028) ($MN)
Table 10 Global Spray Polyurethane Foam Market Outlook, By Flexible Foam (2019-2028) ($MN)
Table 11 Global Spray Polyurethane Foam Market Outlook, By Rigid Foam (2019-2028) ($MN)
Table 12 Global Spray Polyurethane Foam Market Outlook, By Spray Foam (2019-2028) ($MN)
Table 13 Global Spray Polyurethane Foam Market Outlook, By Application (2019-2028) ($MN)
Table 14 Global Spray Polyurethane Foam Market Outlook, By Roofing (2019-2028) ($MN)
Table 15 Global Spray Polyurethane Foam Market Outlook, By Residential Roofing (2019-2028) ($MN)
Table 16 Global Spray Polyurethane Foam Market Outlook, By Commercial Roofing (2019-2028) ($MN)
Table 17 Global Spray Polyurethane Foam Market Outlook, By Walls (2019-2028) ($MN)
Table 18 Global Spray Polyurethane Foam Market Outlook, By Commercial Walls (2019-2028) ($MN)
Table 19 Global Spray Polyurethane Foam Market Outlook, By Residential Walls (2019-2028) ($MN)
Table 20 Global Spray Polyurethane Foam Market Outlook, By Floors (2019-2028) ($MN)
Table 21 Global Spray Polyurethane Foam Market Outlook, By Attics (2019-2028) ($MN)
Table 22 Global Spray Polyurethane Foam Market Outlook, By Crawl Spaces (2019-2028) ($MN)
Table 23 Global Spray Polyurethane Foam Market Outlook, By Air-Barriers (2019-2028) ($MN)
Table 24 Global Spray Polyurethane Foam Market Outlook, By Flotation (2019-2028) ($MN)
Table 25 Global Spray Polyurethane Foam Market Outlook, By Ceilings (2019-2028) ($MN)
Table 26 Global Spray Polyurethane Foam Market Outlook, By Domestic Appliances (2019-2028) ($MN)
Table 27 Global Spray Polyurethane Foam Market Outlook, By Asbestos Encapsulation (2019-2028) ($MN)
Table 28 Global Spray Polyurethane Foam Market Outlook, By Insulation (2019-2028) ($MN)
Table 29 Global Spray Polyurethane Foam Market Outlook, By Sealants (2019-2028) ($MN)
Table 30 Global Spray Polyurethane Foam Market Outlook, By Waterproofing (2019-2028) ($MN)
Table 31 Global Spray Polyurethane Foam Market Outlook, By Cookers (2019-2028) ($MN)
Table 32 Global Spray Polyurethane Foam Market Outlook, By Instruments (2019-2028) ($MN)
Table 33 Global Spray Polyurethane Foam Market Outlook, By Fitness Equipment (2019-2028) ($MN)
Table 34 Global Spray Polyurethane Foam Market Outlook, By End User (2019-2028) ($MN)
Table 35 Global Spray Polyurethane Foam Market Outlook, By Residential (2019-2028) ($MN)
Table 36 Global Spray Polyurethane Foam Market Outlook, By Multifamily (2019-2028) ($MN)
Table 37 Global Spray Polyurethane Foam Market Outlook, By Single Family (2019-2028) ($MN)
Table 38 Global Spray Polyurethane Foam Market Outlook, By Commercial (2019-2028) ($MN)
Table 39 Global Spray Polyurethane Foam Market Outlook, By Heavy (2019-2028) ($MN)
Table 40 Global Spray Polyurethane Foam Market Outlook, By Light (2019-2028) ($MN)
Table 41 Global Spray Polyurethane Foam Market Outlook, By Industrial (2019-2028) ($MN)
Table 42 Global Spray Polyurethane Foam Market Outlook, By Electrical and Electronics (2019-2028) ($MN)
Table 43 Global Spray Polyurethane Foam Market Outlook, By Automotive (2019-2028) ($MN)
Table 44 Global Spray Polyurethane Foam Market Outlook, By Building and Construction (2019-2028) ($MN)
Table 45 Global Spray Polyurethane Foam Market Outlook, By Packaging (2019-2028) ($MN)
Table 46 Global Spray Polyurethane Foam Market Outlook, By Footwear (2019-2028) ($MN)
Table 47 Global Spray Polyurethane Foam Market Outlook, By Textiles & Apparels (2019-2028) ($MN)
Table 48 Global Spray Polyurethane Foam Market Outlook, By Bedding & Furniture (2019-2028) ($MN)
Table 49 Global Spray Polyurethane Foam Market Outlook, By Other End Users (2019-2028) ($MN)
Table 50 Global Spray Polyurethane Foam Market Outlook, By Telecom (2019-2028) ($MN)
Table 51 Global Spray Polyurethane Foam Market Outlook, By Medical (2019-2028) ($MN)
Table 52 Global Spray Polyurethane Foam Market Outlook, By Transportation (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.


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