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Spray Polyurethane Foam Market Trends

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

Spray Polyurethane Foam Market Trends

The rising demand for energy efficiency and sustainability is driving the spray polyurethane foam (SPF) industry. As concerns about climate change and energy use grow, SPF has become a popular choice in construction due to its excellent thermal insulation. Spray foam creates a seamless, airtight layer that greatly reduces energy loss in buildings, improving heating and cooling efficiency. This is especially important with rising energy costs and stricter building codes that require higher energy performance.
 

SPF helps buildings meet these standards by preventing air leaks, reducing the need for artificial heating and cooling, and lowering utility bills, making it an attractive option for both homes and businesses. Besides saving energy, SPF is also becoming popular for its environmental benefits. Modern SPF formulations use low-GWP (Global Warming Potential) or zero-GWP blowing agents, which are less harmful to the environment compared to older versions. This change supports global efforts to reduce greenhouse gas emissions and promote sustainable building practices.
 

As people become more aware of sustainability, the demand for materials that support energy-efficient and eco-friendly construction is growing. Additionally, the long-term cost savings from energy efficiency make SPF appealing to property owners who want to reduce both their carbon footprints and energy expenses.

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.

Spray Polyurethane Foam Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 150
  • Countries covered: 18
  • Pages: 230
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