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North America Spray Polyurethane Foam for Building & Construction Market Size

Report ID: GMI5137
Published Date: Nov 2024
Report Format: PDF

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North America Spray Polyurethane Foam for Building & Construction Market Size

North America spray polyurethane foam for building & construction market size was valued at USD 836.2 million in 2023 and is estimated to grow at a CAGR of over 6.9% from 2024 to 2032. The North American construction market is increasingly governed by stringent energy efficiency regulations. For instance, the U.S. emphasizes energy-saving materials through the International Energy Conservation Code (IECC) and LEED (Leadership in Energy and Environmental Design) certification.

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Spray Polyurethane Foam (SPF) is recognized for its superior thermal insulation properties, aligning well with these rigorous standards. SPF effectively reduces heat loss in winter and heat gain in summer, outperforming traditional insulation materials. Various federal, state, and local incentives, such as rebates and tax credits (e.g., Energy Star), promote the adoption of energy-efficient solutions like SPF, and drive demand for these materials.

North America Spray Polyurethane Foam for Building & Construction Market Report Attributes
Report Attribute	Details
Base Year:	2023
North America Spray Polyurethane Foam for Building & Construction Market Size in 2023:	USD 836.2 Million
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	6.9%
2024 – 2032 Value Projection:	USD 1.52 Billion
Historical Data for:	2021 – 2023
No. of Pages:	220
Tables, Charts & Figures:	180
Segments covered:	Product Type, Type, Density, Application, Distribution Channel and Region
Growth Drivers:	Growing construction & real estate sectors Increase in renovation and retrofit activities Growing demand for energy-efficient building solutions
Pitfalls & Challenges:	High initial cost Regulatory challenges

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Amid the global shift towards sustainability, green building initiatives are gaining momentum in North America. Both consumers and businesses are increasingly focused on reducing their carbon footprint and energy consumption. SPF is considered a sustainable solution due to its high thermal performance, long service life, and lower environmental impact compared to other insulation materials.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The North America spray polyurethane foam industry for building and construction reached USD 836.2 million in 2023 and is set to grow at a 6.9% CAGR from 2024 to 2032, driven by stringent energy efficiency regulations.

The two-component segment held approximately 66% of the total market share in 2023 and is anticipated to grow at a 7.2% CAGR up to 2032, led by the rising demand for advanced insulation solutions amid escalating energy costs and environmental concerns.

The U.S. market was valued at around USD 667.8 million in 2023 and is projected to expand at a 7.3% CAGR from 2024 to 2032, fueled by increasing energy costs and the need for superior insulation properties.

The key players in the market include BASF, CertainTeed, Huntsman Building Solutions, NCFI Polyurethanes, Icynene-Lapolla, Johns Manville, Covestro, Henry Company, Rhino Linings, DuPont, Specialty Products, and Owens Corning.