News Contact Us

Spray Polyurethane Foam Market By Regional Statistics & Growth Forecast 2019-2024

Author : Rahul Varpe | Published Date : 2019-10-10 

Spray Polyurethane Foam (SPF) Market size will likely exceed USD 2.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Increasing housing facility demand, especially in the developing countries such as China, Brazil, & India will add value to the construction industry, thereby propelling the spray polyurethane foam market. Developed countries with mature construction markets such as the U.S. will also propel the spray polyurethane foam demand in upcoming years due to increased spending for the repair and maintenance of old buildings and infrastructure.

North America led by the U.S. will hold a major share in the global spray polyurethane foam market and the region's revenue will surpass USD 1 billion by the end of the estimated timeframe. North America is the followed by Asia Pacific region where increasing construction activities and growing infrastructural facilities will propel the spray polyurethane foam market in coming days.

Request for a sample copy of this report @    https://www.gminsights.com/request-sample/detail/2096

The residential roofing segment will hold the maximum share by capturing close to one-third of the entire product market share. The commercial walls segment will grow with the highest CAGR of over 8% by 2024 due to increasing office space demand in cities across the world which is likely to boost commercial building construction.

Governments in emerging economies are taking special initiatives towards infrastructure development which in turn will boost their respective construction industries in upcoming years. Increasing demand for energy efficient residential & commercial buildings coupled with the insulating properties of the product will provide high growth opportunities for spray polyurethane foam industry development in the forecast timespan.

To improve the local economy and conserve energy, various governments have initiated strict regulations and mandates which also lead to several tax benefits. Energy conservation in other terms means lesser use of energy for the same task, which also leads to decrease in power plant emissions. Several regulations and standards for energy preservation in the U.S. and Europe providing tax benefits for green buildings will positively influence the spray polyurethane foam market development.

Adverse health effects such as dermal, eye and respiratory infections and irritations owing to exposures with asthma causing isocyanates may act as a hindrance for the spray polyurethane foam market in the coming days.

Partial Chapter of the Table of Content:

Spray Polyurethane Foam Market by Product

  • Open cell
  • Closed cell
  • Others

By Application

  • Residential walls
  • Residential Roofing
  • Commercial walls
  • Commercial Roofing
  • Others

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2096

Based on product, spray polyurethane foam market is segmented into closed cell, open cell and, others which include construction adhesives, high-density spray polyurethane foams, etc. As of 2016, open cell segment accounts for over 50% of the entire industry share and will surpass USD 1 billion by the end of 2024. The segment will display significant growth rate in the forecast period due to their extensive use in the building interiors.

Read More:

Eyewear Market Statistics: 2019-2025 Global Share Report


Recycled Metal Market Statistics 2019-2025: Forecasts By Class, Top Trends & End User


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

Related News

Super Absorbent Polymer Market by Applications and Growth Forecast To 2024

Published Date: 2019-12-13         Author: Rahul Varpe

The 'Super Absorbent Polymer Market' report added recently by Global Market Insights evaluates the industry in terms of market size, market share, revenue estimation, and geographical outlook. The study also delivers a precise summary that illustrates the competitive milieu, growth opportuni... Read More

Industrial Head Protection Market by Regional growth Forecast To 2024

Published Date: 2019-12-13         Author: Rahul Varpe

Global Market Insights, Inc. has recently added a new report on industrial head protection market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of Industrial Floor Coatings industry. Today, construction companies have designed a new kind of sa... Read More

Muconic Acid Market Growth Analysis By Regional Players | 2019-2024

Published Date: 2019-12-13         Author: Rahul Varpe

The global muconic acid market is projected to have a significant demand from the textiles industry by 2024. As per the trends presented by FICCI in 2014, North America and Europe held strong positions in textile production with the respective market shares of 14% and 36%. Growing spending capabi... Read More

© 2019 Fractovia. All Rights Reserved