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Semi-Rigid Spray Polyurethane Foam Market Study by Segments, Growth Analysis and Forecast over 2019 - 2024

Author : Rahul Varpe | Published Date : 2019-05-03 

Global Market Insights provides a detailed overview of Semi-Rigid Spray Polyurethane Foam market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Semi-Rigid Spray Polyurethane Foam market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Driven by the rapid transformations in building regulations landscape, semi-rigid spray polyurethane foam market has gained immense recognition as a vital vertical of the advanced materials fraternity. The material is deemed to curb the energy costs by 30% p.a., which is indeed an appreciable figure addressing the rising demand for optimum energy utilization. Driven by its high insulating properties, the end-use terrain of semi-rigid spray polyurethane foam industry has increased exponentially over the years ranging from commercial, residential to industrial sectors.

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Semi-rigid spray polyurethane foam (SPF) are basically spray-based plastic that offers insulation solutions for buildings. It comprises of unique liquid substances which expands on application to create foam that offers insulation to roof, wall, floor, etc. It also provides vapor barriers, form moisture, and seals gap. Unique properties such as resistance to heat transfer and elimination of unwanted air filtration through joints, seams and cracks makes semi-rigid SPF an ideal product for insulating commercial, residential, industrial building & infrastructure.

The government’s role in augmenting the building performance optimization has significantly boosted semi-rigid spray polyurethane foam market trends. North America, in this regard, stands as one of the major recipients of this factor. The NECB (National Energy Code of Canada for Buildings) and Energy Standard for Buildings Except Low-rise Residential Buildings have reportedly increased the minimum criteria for levels pertaining to exterior wall insulation.

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The regulatory framework again bags a major credit, with the regional government putting appreciable efforts to realize an energy efficient infrastructure. Reportedly, in Europe, buildings account for nearly 40% of the overall energy consumption and produce 35% of the greenhouse emission. In response to this critical scenario of energy conservation, the European Union is constantly taking rigorous measures mandating energy efficient certifications for the residential and industrial infrastructure. Overtly, with such a strict government framework in place, Europe semi-rigid spray polyurethane foam market is slated to garner commendable proceeds in the ensuing timeframe.

Floor application sector is steadily growing with revenue estimated to be more than USD 18 million by the end of 2024. The increase in global temperature has necessitated the use of semi-rigid spray polyurethane foam products on building floors to enhance the building thermal mass. Walls will hold sway the application sectors with more than half of the overall semi-rigid SPF market share by the end of the forecast period.

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Japan semi-rigid spray polyurethane foam market is estimated to be over USD 40 million in 2024 with Asia Pacific accounting for more than 20% of the global share. Technologically advanced architectural designs and increasing investments in the regional construction industry will boost the overall semi-rigid spray polyurethane market demand. Rising number of warehouses and cold storages in agrarian economies such as India and China will also signify the regional market growth.

Major market players of the semi-rigid spray polyurethane foam market are Lapolla Industries, Honeywell, NCFI Polyurethanes, Foam Supplies, and Dow Chemical. The industrial players of this market are expanding their production capabilities owing to growth in North America residential building construction and restoration activities.

 

Related News: https://www.marketwatch.com/press-release/flooring-market-growth-factors-and-future-scenario-over-2019-2024-2019-05-01

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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