Spray Polyurethane Foam Market growth outlook with industry review and forecasts 2017-2024

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Spray Polyurethane Foam Market Analysis Report By
Products, Application Growth Drivers by 2017 to
2024
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Global Market Scenario of Contact Lenses Industry

• Spray Polyurethane Foam (SPF) Market size will
  likely surpass USD 2.5 billion by 2024 according
  to a new research report by Global Market
  Insights, Inc.
• Growing construction industry in Asia Pacific and
  the U.S region will likely fuel spray
  polyurethane foam market in forecast spell. It is
  extensively used on building walls and roofs
  owing to its heat transfer characteristics.
  Rising quality homes demand in emerging countries
  driven by shift in income level will augment the
  product demand in coming years.
• In 2016, the overall spending on construction
  activities was over USD 5 trillion and it is
  likely to reach around USD 8 trillion by 2024. In
  Asia Pacific, high GDP growth has led to an
  increase in construction activities across
  various segments including roads, residential and
  industrial. In North America, spray polyurethane
  foam market demand is primarily driven by
  government regulations for energy efficiency
  coupled with high demand from the reconstruction
  sector.

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Continue-

• Currently, the energy crisis is a key concern
  round the globe which has compelled end-use
  consumers such as commercial and residential
  builders to look for energy efficient structures.
  
• SPF is used to cover holes and cracks in ceiling
  and walls and to insulate the structures, thus
  reducing energy loss. These foams also help to
  avoid any air or soil pollutant from entering the
  structure, thereby maintaining a healthy
  environment in the buildings.
• Raw material price volatility may hamper the
  spray polyurethane foam market in future due to
  the continuous fluctuation in crude oil prices.
  Spray polyurethane foam price is primarily
  dependent on the polymer based products such as
  isocyanates etc. which are crude oil derivatives.
• Additionally, the raw materials used in making
  the product may result in several health issues
  such as asthma, skin irritation, etc. This may be
  a key restraint factor for market growth in
  forecast spell.

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360 Analysis-

• Spray polyurethane foam market has been segmented
  on the basis of product and application. Among
  product types, open cell foams held close to 50
  share of the industry in 2016 owing to its
  extraordinary features include thermal
  insulation, low carbon footprint and minimize the
  air filtration. It is extensively used for the
  building interiors owing to its permeability
  towards air and moisture.
• The application segment of spray polyurethane
  foam market includes commercial walls,
  residential walls, commercial roofing, and
  residential roofing. Increasing demand for decent
  quality materials for house and infrastructures
  will propel the spray polyurethane foam market
  demand in future.
• Among these, residential roofing applications
  held a significant share of around 30 of the
  global spray polyurethane foam market in 2016.

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• Competitive Analysis
• The top companies in the spray polyurethane foam
  industry include
• BASF, Bayer, Dow Chemical, and Lapolla
• which holds over 45 of the company market
  share.
• Other key players include
• Icynene, CertainTeed, Premium Spray
  Products,
• NCFI Polyurethanes, Rhino Linings, and
  Demilec to name some.

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