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Spray Polyurethane Foam Market Share

Report ID: GMI2096
Published Date: Nov 2024
Report Format: PDF

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Spray Polyurethane Foam Market Share

Spray Polyurethane Foam Company Market Share Analysis, (2023)

In the competitive spray polyurethane foam (SPF) industry, leading players command a significant 25%-35% share. Dominating the global scene are industry giants like Johns Manville, Sekisui Chemical Co. Ltd., BASF SE, Dow, and Huntsman Corporation. Their dominance is fueled by a steadfast commitment to innovation, sustainability, and a keen eye on emerging markets. These leaders channel substantial investments into research and development, continuously refining their SPF offerings with state-of-the-art formulations and eco-friendly blowing agents, all in line with stringent environmental standards.

Furthermore, they are amplifying their footprint in the rapidly expanding Asia-Pacific region, seizing opportunities from the region's urbanization and construction boom. Equipped with robust manufacturing and expansive distribution networks, these companies adeptly cater to global markets while ensuring cost efficiency.

Their strategic approach encompasses not only diversifying their product lineup through acquisitions and partnerships but also offering a wide spectrum of SPF products, from open-cell to closed-cell foams. This diverse range caters to various applications, spanning both residential and industrial needs, with a consistent emphasis on energy efficiency and sustainability.

By providing extensive customer support and training for contractors and applicators, they not only boost product performance but also cement customer loyalty and market leadership. Through these diverse strategies, anchored in a commitment to sustainability and technological progress, these companies fortify their standing at the helm of the market.

Spray Polyurethane Foam Market Companies

Major players operating in the spray polyurethane foam industry are:

Accella Corporation
BASF SE
CertainTeed
Dow
Huntsman
Icynene-Lapolla
Invista
Isothane Ltd.
Johns Manville
LyondellBasell Industries
NCFI Polyurethanes
Rogers Corporation
Sekisui Chemical Co. Ltd.
Soprema
Specialty Products Inc.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of spray polyurethane foam reached USD 4.7 billion in 2023 and is set to grow at a 4.6% CAGR from 2024 to 2032, driven by the growing population and rapid urbanization.

The two-component high-pressure spray foam segment is expected to reach USD 3.2 billion by 2032, owing to its excellent insulation, durability, and versatility.

The U.S. market is expected to reach USD 1 billion by 2032, driven by strong demand for energy-efficient building materials and supportive regulations.

The key players in the industry include Accella Corporation, BASF SE, CertainTeed, Dow, Huntsman, Icynene-Lapolla, Invista, Isothane Ltd., Johns Manville, LyondellBasell Industries, NCFI Polyurethanes, Rogers Corporation, Sekisui Chemical Co. Ltd., Soprema, and Specialty Products Inc.