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North America Spray Polyurethane Foam for Building & Construction Market Trends

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

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North America Spray Polyurethane Foam for Building & Construction Market Trends

SPF technology has advanced significantly over the years, with improvements in formulations enhancing durability, performance, and installation efficiency. Modern SPF products are easier to apply, exhibit better adhesion properties, and require less maintenance. Innovations have led to the development of low-odor, low-VOC (Volatile Organic Compounds) formulas, which are safer for both installers and residents. These advancements also improve indoor air quality, making SPF a more attractive option for those concerned about environmental quality.

Additionally, the rise in building renovation and retrofitting projects in North America is a significant driver for SPF. As older buildings, particularly in the U.S., undergo renovations, there is an increased demand for energy-efficient insulation solutions that can modernize existing structures with minimal disruption. SPF's ability to provide both thermal insulation and air sealing in a single application makes it ideal for these projects, boosting its adoption in the renovation market.

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.