- Open cell foam
- Closed cell foam
Spray Polyurethane Foam Market size was valued at USD 3.1 billion in 2022 and is expected to grow at a significant CAGR of 6.7% from 2023-2029. SPF displays greater efficiency of conservation of energy storage as compared to other traditional substitutes including glass and therefore partakes a reasonably lesser carbon footprint. Environmental reimbursements combined with stringent regulation imposed by government for energy effective constructions have positively influenced the market growth. Growing construction industry consequently raises the demand for SPF which thereby boosts the growth of market. However raw materials employed for the production of these foams predisposes the human body to certain health hazards such as asthma, besides fluctuation in the cost of raw materials acts as a major limitation for spray polyurethane foam market growth. Because of the favourable need for housing facilities in emerging nations, the spray polyurethane foam market will be driven by this industry's rapid growth. Initiatives by various governments throughout the world to improve public infrastructure, as well as an increase in consumer buying power, will boost the construction industry globally. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. in addition, global market report includes human demographics regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Spray Polyurethane Foam Market Key Developments:
- In March 2018: Huntsman International LLC acquired Demilec, a Leading North American spray polyurethane foam insulation manufacturer and distributor.
Global Spray Polyurethane Foam Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.7%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Spray Polyurethane Foam Market Dynamics
Spray polyurethane foam finds a wide range of application in residential roofing, residential walls, commercial roofing, commercial walls, medical, transportation, and other. Residential roofing remained the principal application segment and is expected to show dominance in the coming years. Stringent regulations for energy efficient structures predominant in the developed economies of North America and Europe drives the residential application of SPF.Transportation, medical equipment, telecom are the other applications sectors for SPF. Increasing investment in R&D for new product development raises its demand in other niche application segments.
North-America got significant share
Spray Polyurethane Foam Market Regional Analysis
North America appeared as the major customer of SPF and accounted for maximum share in the market. It is expected to show dominance in the coming years. Europe is anticipated to be the fastest growing region. The growth in this region can be attributed to key factor such as stringent government regulations leading to surge in reconstruction of structures. Asia Pacific is expected to grow at a moderate pace. Growing industrial reserves in the Asia Pacific region is anticipated to propel the market growth in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The spray polyurethane foam market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startups details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market.
Global Spray Polyurethane Foam Market Segmentation
By Type
By Application Type
- Wall
- Floor
- Ceilings
- Attics
- Roofs
- Others
By Geography
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Rest of Latin America
Middle East and Africa
- South Africa
- Gulf Corporation Council Counties (GCC)
- Rest of MEA
Frequently Asked Questions
The Spray polyurethane foam market size was valued at USD 3.1 billion in 2022.
The Spray polyurethane foam market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The Spray polyurethane foam market key player is BASF Corporation, Bayer MaterialScience, Lapolla Industries Demilec, NCFI Polyurethanes, Icynene Inc, Premium Spray Products Inc, CertainTeed Corporation, Rhino Linings Corporation, The Dow Chemical Company, Huntsman International LLC
| 1.Executive Summary |
| 2.Global Spray Polyurethane Foam Market Introduction |
| 2.1.Global Spray Polyurethane Foam Market - Taxonomy |
| 2.2.Global Spray Polyurethane Foam Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application Type |
| 2.2.3.Region |
| 3.Global Spray Polyurethane Foam Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Spray Polyurethane Foam Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Spray Polyurethane Foam Market By Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Open cell foam |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Closed cell foam |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Spray Polyurethane Foam Market By Application Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Wall |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Floor |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Ceilings |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Attics |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Roofs |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Spray Polyurethane Foam Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Spray Polyurethane Foam Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Open cell foam |
| 8.1.2.Closed cell foam |
| 8.2. Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Wall |
| 8.2.2.Floor |
| 8.2.3.Ceilings |
| 8.2.4.Attics |
| 8.2.5.Roofs |
| 8.2.6.Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Spray Polyurethane Foam Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Open cell foam |
| 9.1.2.Closed cell foam |
| 9.2. Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Wall |
| 9.2.2.Floor |
| 9.2.3.Ceilings |
| 9.2.4.Attics |
| 9.2.5.Roofs |
| 9.2.6.Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) Spray Polyurethane Foam Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Open cell foam |
| 10.1.2.Closed cell foam |
| 10.2. Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Wall |
| 10.2.2.Floor |
| 10.2.3.Ceilings |
| 10.2.4.Attics |
| 10.2.5.Roofs |
| 10.2.6.Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Spray Polyurethane Foam Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Open cell foam |
| 11.1.2.Closed cell foam |
| 11.2. Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Wall |
| 11.2.2.Floor |
| 11.2.3.Ceilings |
| 11.2.4.Attics |
| 11.2.5.Roofs |
| 11.2.6.Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Spray Polyurethane Foam Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Open cell foam |
| 12.1.2.Closed cell foam |
| 12.2. Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Wall |
| 12.2.2.Floor |
| 12.2.3.Ceilings |
| 12.2.4.Attics |
| 12.2.5.Roofs |
| 12.2.6.Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.BASF Corporation |
| 13.2.2.Bayer MaterialScience |
| 13.2.3.Lapolla Industries Demilec |
| 13.2.4.NCFI Polyurethanes |
| 13.2.5.Icynene Inc |
| 13.2.6.Premium Spray Products, Inc |
| 13.2.7.CertainTeed Corporation |
| 13.2.8.Rhino Linings Corporation |
| 13.2.9.The Dow Chemical Company |
| 13.2.10.Huntsman International LLC |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- BASF Corporation
- Bayer MaterialScience
- Lapolla Industries Demilec
- NCFI Polyurethanes
- Icynene Inc
- Premium Spray Products, Inc
- CertainTeed Corporation
- Rhino Linings Corporation
- The Dow Chemical Company
- Huntsman International LLC