Global Spray Polyurethane Foam Market 2019-2025
|出版商||Orion Market Research Pvt Ltd||商品編碼||920399|
|聚氨酯泡沫塗料(SPF)的全球市場(2019年∼2025年) Global Spray Polyurethane Foam Market 2019-2025|
|出版日期: 2019年05月12日||內容資訊: 英文||
Global Spray Polyurethane Foam Market Size, Share & Trends Analysis Report, By Product (Open Cell, and Closed Cell), By Application (Residential, Commercial, and Industrial) and Forecast 2019-2025
The global spray polyurethane foam (SPF) market is expected to grow at a CAGR of 7% during the forecast period. Major factors that motivate the growth of the market include the emerging demand for innovative insulation products for buildings coupled with the growing construction activities. For instance, according to the Associated General Contractors (AGC) of America, the construction industry is a major contributor to the US economy. The industry creates nearly $1.3 trillion worth of structures each year in the US.
Moreover, rapid urbanization across emerging countries is further giving a boost to the growth of the construction industry. SPF is one of the fastest-growing building insulation products as it can reduce energy consumption in existing and new buildings. Furthermore, buildings enveloped with increased insulation levels are becoming standard practice in the era of rapid urbanization across the globe. Consumers are rapidly involved in the selection of green building products that are natural and non-toxic owing to the rising energy costs as SPF insulation is more economical than electric insulation. This is further augmenting the demand for SPF across various applications.
The report analyzes the global SPF market on the basis of product, application, and region. On the basis of the product, the market is classified into open cell and closed cell. The open cell SPF segment is expected to contribute significantly towards market growth. The open-cell spray foam insulation is a non-structural, thermal insulation material used in wall cavities, floor assemblies, ceiling assemblies, and attic applications. The open-cell spray foam offers a cost-effective solution to improve the energy efficiency of a high-performance building. The material involved in open-cell spray foam expands 120 times its initial volume and fills the cavities of any shape and provides a continuous, protective air barrier to minimize air leakage and air intrusion in the buildings. Based on the application, the market is segmented into residential, commercial, and industrial.
Geographically, the report analyzes the four major regions that include North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to contribute significantly towards market growth over the forecast period. Moreover, Asia-Pacific is expected to register the fastest growth rate during the forecast period due to rapid urbanization coupled with the growing plastic industry across the region. Furthermore, the market consists of several market players including BASF SE, The Dow Chemical Co., Bayer AG, Icynene, Inc., and Huntsman International LLC. These players adopt various strategies to enhance their market presence and stay competitive in the market. The players operating in the market adopt various strategies such as technology development, product launch, merger and acquisitions for gaining a sustainable position in the market that further propels the growth of the market.
The market study of the global SPF market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
The report is intended for SPF manufacturers, suppliers and distributors, new start-ups, and government organization, for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
The Report covers: