Report Code: CMI35587

Published Date: December 2023

Pages: 320+

Category: Chemicals And Materials

Report Snapshot

CAGR: 9.5%
2.9B
2022
3.2B
2023
5.1B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • DowDuPont Inc.
  • BASF SE
  • Lapolla Industries Inc.
  • CertainTeed Corporation
  • Icynene-Lapolla
  • Others

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Reports Description

Global Spray Polyurethane Foam Market is poised for substantial growth from 2023 to 2032, driven by factors such as the increasing focus on energy efficiency, growth in construction and industrial activities, and advancements in spray foam technology.

The market is anticipated to achieve a Compound Annual Growth Rate (CAGR) of approximately 9.5% during this period. In 2023, the market is estimated to be valued at USD 3.2 Billion, and it is projected to reach USD 5.1 Billion by 2032.

Spray polyurethane foam is a versatile material widely utilized for insulation, roofing, and sealing applications.

The market’s growth is influenced by several factors, including:

Energy Efficiency Requirements:

  • Description: Spray polyurethane foam is known for its excellent thermal insulation properties. As energy efficiency becomes a critical consideration in building and construction, there is a growing demand for materials that contribute to better insulation and reduced energy consumption.
  • Impact on Growth: Increasing awareness of the need for energy-efficient solutions drives the adoption of spray polyurethane foam in construction projects, leading to market growth.

Construction and Industrial Growth:

  • Description: The robust growth of the global construction and industrial sectors is a major driver for the spray polyurethane foam market. The material is extensively used for insulation, roofing, and sealing applications in residential, commercial, and industrial buildings.
  • Impact on Growth: The expansion of construction activities, including renovation and new projects, contributes significantly to the demand for spray polyurethane foam, fostering market growth.

Versatility in Applications:

  • Description: Spray polyurethane foam is a versatile material used for various applications, including insulation, roofing, sealants, and more. Its adaptability and effectiveness make it suitable for a wide range of construction and industrial purposes.
  • Impact on Growth: The versatility of spray polyurethane foam enhances its market appeal, as it can address multiple needs across different industries, driving overall market growth.

Roofing Applications:

  • Description: Spray polyurethane foam is a preferred choice for roofing applications due to its seamless and durable nature. It forms a continuous, monolithic barrier that provides excellent insulation and protection against leaks.
  • Impact on Growth: The demand for high-performance roofing solutions contributes to the growth of the spray polyurethane foam market, especially in the construction and roofing industries.

Sealant Applications:

  • Description: Spray polyurethane foam’s ability to create a seamless and airtight barrier makes it an ideal choice for sealant applications. It is used to seal gaps and cracks, reducing energy wastage and enhancing building performance.
  • Impact on Growth: The effectiveness of spray polyurethane foam as a sealant contributes to its adoption in construction and industrial settings, driving market growth.

End-User Diversity:

  • Description: Spray polyurethane foam finds applications in diverse end-user segments, including residential, commercial, and industrial sectors. Its adaptability and performance make it a valuable material in various construction and insulation scenarios.
  • Impact on Growth: The diverse range of end-users ensures a broad market base for spray polyurethane foam, as it meets the specific needs of different industries and applications.

Technological Advancements:

  • Description: Ongoing research and development efforts focus on enhancing the performance and application of spray polyurethane foam. Innovations in formulations and application techniques aim to address specific industry needs and improve overall efficiency.
  • Impact on Growth: Technological advancements contribute to the continuous improvement of spray polyurethane foam, making it more effective, sustainable, and competitive in the market.

Environmental Considerations:

  • Description: The spray polyurethane foam industry is actively working on developing eco-friendly formulations that align with environmental regulations and sustainable practices.
  • Impact on Growth: Increasing awareness of environmental sustainability and the adoption of greener building practices drive the demand for environmentally friendly insulation solutions, positively impacting the spray polyurethane foam market.

Market Expansion in Emerging Economies:

  • Description: The increasing construction and industrial activities in emerging economies contribute significantly to the growth of the spray polyurethane foam market. Rapid urbanization, infrastructure development, and a focus on energy-efficient solutions drive the demand in these regions.
  • Impact on Growth: Emerging economies represent significant growth opportunities for the spray polyurethane foam market, as increased construction and industrial activities boost demand.

Collaborations and Partnerships:

  • Description: Collaborations between spray polyurethane foam manufacturers, construction companies, and research institutions foster innovation. These partnerships lead to the development of tailored solutions that meet the evolving needs of diverse industries, supporting market growth.
  • Impact on Growth: Collaborative efforts drive research, development, and the introduction of new and improved spray polyurethane foam products, enhancing the market’s competitiveness.

Global Spray Polyurethane Market – Mergers and Acquisitions

  • DowDuPont’s Acquisition of Icynene-Lapolla (2019): DowDuPont’s strategic acquisition of Icynene-Lapolla aimed to strengthen its position in the spray polyurethane foam market. The move facilitated the expansion of DowDuPont’s product offerings and market reach.
  • Collaboration between BASF and Lapolla Industries, Inc. (2021): BASF SE collaborated with Lapolla Industries, Inc., focusing on joint research and development initiatives. This partnership aimed to drive innovation in spray polyurethane foam solutions, with an emphasis on sustainability and improved performance.
  • Strategic Partnership between Huntsman Corporation and NCFI Polyurethanes (2022): Huntsman Corporation entered into a strategic partnership with NCFI Polyurethanes, aiming to enhance its capabilities in the spray polyurethane foam market. The collaboration focused on developing advanced formulations and expanding market presence.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Spray Polyurethane Market Low Carbon Liquid Fuel Market Swimming Pool Chemicals Market
CAGR 9.5% (Approx) CAGR 10.2% (Approx) CAGR 8.5% (Approx)
USD 5.1 Billion by 2032 USD 101.7 Billion by 2032 USD 1723.5 Million by 2032

Challenges Impacting the Spray Polyurethane Foam Market:

  • Raw Material Price Volatility: Fluctuations in raw material prices used in spray polyurethane foam production can impact manufacturing costs, posing challenges for market players.
  • Regulatory Compliance: Adherence to evolving environmental and safety regulations requires continuous adjustments to formulations and manufacturing processes, contributing to compliance challenges.
  • Competition from Alternative Materials: Spray polyurethane foam faces competition from alternative insulation materials, such as fiberglass and cellulose, which may impact market share.
  • Global Economic Uncertainties: Economic uncertainties and geopolitical factors can influence construction and manufacturing activities, impacting the demand for spray polyurethane foam.
  • Technological Disruptions: Rapid advancements in alternative insulation technologies and materials pose challenges for spray polyurethane foam manufacturers, necessitating continuous innovation.
  • Recycling and End-of-Life Considerations: The recyclability and end-of-life considerations of spray polyurethane foam present challenges, prompting the industry to explore sustainable disposal and recycling solutions.
  • Supply Chain Disruptions: Disruptions in the global supply chain, whether due to geopolitical tensions, natural disasters, or other unforeseen events, can impact the availability of critical materials for spray polyurethane foam production.
  • Quality Assurance and Standards: Ensuring product quality and compliance with industry standards is an ongoing challenge, requiring rigorous testing and quality assurance measures.
  • Consumer Perception and Education: Educating consumers about the benefits of spray polyurethane foam and dispelling misconceptions is crucial for market expansion and acceptance.
  • Market Consolidation Pressures: Intense competition and market consolidation may exert pressure on smaller players, emphasizing the need for differentiation and innovation.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 3.2 Billion
Projected Market Size in 2032 USD 5.1 Billion
Market Size in 2022 USD 2.9 Billion
CAGR Growth Rate 9.5% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Application, End-User, Product and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Segmentation Analysis of the Spray Polyurethane Foam Market:

Type:

  • Open-cell: Spray polyurethane foam with open-cell structure, suitable for specific applications.
  • Closed-cell: Spray polyurethane foam with closed-cell structure, offering enhanced insulation and structural support.

Global Spray Polyurethane Foam Market 2023–2032 (By Billion)

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Application:

  • Insulation: Primary use of spray polyurethane foam for thermal and acoustic insulation.
  • Roofing: Extensive application in roofing for seamless and durable solutions.
  • Sealants: Versatile use as sealants for gaps and cracks, enhancing energy efficiency.
  • Others: Diverse applications, including industrial and consumer goods.

End-User:

  • Residential: Application of spray polyurethane foam in residential construction for insulation and roofing.
  • Commercial: Use in commercial buildings for insulation, roofing, and sealing purposes.
  • Industrial: Application in industrial settings for insulation and structural support.
  • Others: Various end-users, including infrastructure and consumer goods.

Global Spray Polyurethane Foam Market 2023–2032 (By Type)

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Spray Polyurethane Foam Market – Regional Analysis:

North America:

  • North America, particularly the United States, is a significant market for spray polyurethane foam, driven by construction and renovation activities in residential and commercial sectors.
  • Increasing awareness of energy-efficient building solutions contributes to market growth.

Key Factors:

  • Stringent building codes and regulations.
  • Growing emphasis on sustainable construction practices.
  • Collaborations between manufacturers and research institutions.

Market Outlook:

  • The North American spray polyurethane foam market is expected to witness steady growth, supported by the construction industry’s demand for energy-efficient and durable insulation solutions.

Europe:

  • Europe, with a focus on energy-efficient and sustainable construction, experiences a robust demand for spray polyurethane foam in residential and commercial applications.
  • Stringent environmental standards and regulations drive market trends.

Key Factors:

  • Implementation of sustainable building practices.
  • Regulatory support for energy-efficient materials.
  • Increasing adoption of spray polyurethane foam in construction projects.

Market Outlook:

  • The European spray polyurethane foam market is anticipated to experience growth, driven by the construction industry’s focus on eco-friendly and energy-efficient building solutions.

Asia-Pacific:

  • Asia-Pacific, including China, India, and Japan, is a key consumer of spray polyurethane foam, driven by rapid urbanization and infrastructure development.
  • Government initiatives promoting energy-efficient construction contribute to market expansion.

Key Factors:

  • Urbanization and infrastructure development initiatives.
  • Government incentives for energy-efficient construction.
  • Investments in research and development.

Market Outlook:

  • Asia-Pacific is expected to be a major growth region for the spray polyurethane foam market, fueled by construction and industrial activities.

Latin America:

  • Latin America experiences a growing demand for spray polyurethane foam in construction and consumer goods, driven by economic development and urbanization.
  • Efforts to attract investments in manufacturing contribute to market growth.

Key Factors:

  • Economic growth in construction and consumer sectors.
  • Initiatives to attract foreign investments in manufacturing.
  • Collaboration with global manufacturers.

Market Outlook:

  • Latin America is expected to witness increasing adoption of spray polyurethane foam, supported by economic growth and infrastructure development.

Middle East and Africa:

  • The Middle East and Africa are gradually incorporating spray polyurethane foam in construction and industrial applications, driven by infrastructure projects and economic diversification.
  • Government initiatives to promote sustainable practices impact market trends.

Key Factors:

  • Investments in infrastructure development.
  • Government-led initiatives for sustainability.
  • Growing demand for energy-efficient materials.

Market Outlook:

  • The Middle East and Africa are expected to experience gradual growth in the spray polyurethane foam market, supported by infrastructure investments and sustainability efforts.

Global Spray Polyurethane Foam Market 2023–2032 (By Application)

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List of the prominent players in the Spray Polyurethane Foam Market:

  • DowDuPont Inc.
  • BASF SE
  • Lapolla Industries Inc.
  • CertainTeed Corporation
  • Icynene-Lapolla
  • Johns Manville Corporation
  • Carlisle Companies Inc.
  • Demilec Inc.
  • Accella Polyurethane Systems
  • Rhino Linings Corporation
  • Huntsman Corporation
  • NCFI Polyurethanes
  • Lapolla Industries Inc.
  • Gaco Western
  • Nukote Coating Systems
  • Others

The Spray Polyurethane Foam Market is segmented as follows:

By Type

  • Open-cell
  • Closed-cell

By Application

  • Insulation
  • Roofing
  • Sealants
  • Others

By End-User

  • Residential
  • Commercial
  • Industrial
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Spray Polyurethane Foam Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Spray Polyurethane Foam Market: snapshot
  • Chapter 3. Global Spray Polyurethane Foam Market – Industry Analysis
    • 3.1 Spray Polyurethane Foam Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Energy Efficiency Requirements
      • 3.2.2 Construction and Industrial Growth
      • 3.2.3 Versatility in Applications
      • 3.2.4 Roofing Applications
      • 3.2.5 Sealant Applications
      • 3.2.6 End-User Diversity
      • 3.2.7 Technological Advancements
      • 3.2.8 Environmental Considerations
      • 3.2.9 Market Expansion in Emerging Economies
      • 3.2.10 Collaborations and Partnerships.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By End-User
      • 3.7.4 Market Attractiveness Analysis By Product
  • Chapter 4. Global Spray Polyurethane Foam Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Spray Polyurethane Foam Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Spray Polyurethane Foam Market – Type Analysis
    • 5.1 Global Spray Polyurethane Foam Market Overview: By Type
      • 5.1.1 Global Spray Polyurethane Foam Market Share, By Type, 2022 and – 2033
    • 5.2 Open-cell
      • 5.2.1 Global Spray Polyurethane Foam Market by Open-cell, 2024 – 2033 (USD Billion)
    • 5.3 Closed-cell
      • 5.3.1 Global Spray Polyurethane Foam Market by Closed-cell, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Spray Polyurethane Foam Market – Application Analysis
    • 6.1 Global Spray Polyurethane Foam Market Overview: By Application
      • 6.1.1 Global Spray Polyurethane Foam Market Share, By Application, 2022 and – 2033
    • 6.2 Insulation
      • 6.2.1 Global Spray Polyurethane Foam Market by Insulation, 2024 – 2033 (USD Billion)
    • 6.3 Roofing
      • 6.3.1 Global Spray Polyurethane Foam Market by Roofing, 2024 – 2033 (USD Billion)
    • 6.4 Sealants
      • 6.4.1 Global Spray Polyurethane Foam Market by Sealants, 2024 – 2033 (USD Billion)
    • 6.5 Others
      • 6.5.1 Global Spray Polyurethane Foam Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Spray Polyurethane Foam Market – End-User Analysis
    • 7.1 Global Spray Polyurethane Foam Market Overview: By End-User
      • 7.1.1 Global Spray Polyurethane Foam Market Share, By End-User, 2022 and – 2033
    • 7.2 Residential
      • 7.2.1 Global Spray Polyurethane Foam Market by Residential, 2024 – 2033 (USD Billion)
    • 7.3 Commercial
      • 7.3.1 Global Spray Polyurethane Foam Market by Commercial, 2024 – 2033 (USD Billion)
    • 7.4 Industrial
      • 7.4.1 Global Spray Polyurethane Foam Market by Industrial, 2024 – 2033 (USD Billion)
    • 7.5 Others
      • 7.5.1 Global Spray Polyurethane Foam Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 8. Global Spray Polyurethane Foam Market – Product Analysis
    • 8.1 Global Spray Polyurethane Foam Market Overview: By Product
      • 8.1.1 Global Spray Polyurethane Foam Market Share, By Product, 2022 and – 2033
    • 8.2 Open cell
      • 8.2.1 Global Spray Polyurethane Foam Market by Open Cell, 2024 – 2033 (USD Billion)
    • 8.3 Closed cell
      • 8.3.1 Global Spray Polyurethane Foam Market by Closed Cell, 2024 – 2033 (USD Billion)
  • Chapter 9. Spray Polyurethane Foam Market – Regional Analysis
    • 9.1 Global Spray Polyurethane Foam Market Regional Overview
    • 9.2 Global Spray Polyurethane Foam Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Spray Polyurethane Foam Market, 2024 – 2033 (USD Billion)
        • 9.3.1.1 North America Spray Polyurethane Foam Market, by Country, 2024 – 2033 (USD Billion)
    • 9.4 North America Spray Polyurethane Foam Market, by Type, 2024 – 2033
      • 9.4.1 North America Spray Polyurethane Foam Market, by Type, 2024 – 2033 (USD Billion)
    • 9.5 North America Spray Polyurethane Foam Market, by Application, 2024 – 2033
      • 9.5.1 North America Spray Polyurethane Foam Market, by Application, 2024 – 2033 (USD Billion)
    • 9.6 North America Spray Polyurethane Foam Market, by End-User, 2024 – 2033
      • 9.6.1 North America Spray Polyurethane Foam Market, by End-User, 2024 – 2033 (USD Billion)
    • 9.7 North America Spray Polyurethane Foam Market, by Product, 2024 – 2033
      • 9.7.1 North America Spray Polyurethane Foam Market, by Product, 2024 – 2033 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Spray Polyurethane Foam Market, 2024 – 2033 (USD Billion)
        • 9.8.1.1 Europe Spray Polyurethane Foam Market, by Country, 2024 – 2033 (USD Billion)
    • 9.9 Europe Spray Polyurethane Foam Market, by Type, 2024 – 2033
      • 9.9.1 Europe Spray Polyurethane Foam Market, by Type, 2024 – 2033 (USD Billion)
    • 9.10 Europe Spray Polyurethane Foam Market, by Application, 2024 – 2033
      • 9.10.1 Europe Spray Polyurethane Foam Market, by Application, 2024 – 2033 (USD Billion)
    • 9.11 Europe Spray Polyurethane Foam Market, by End-User, 2024 – 2033
      • 9.11.1 Europe Spray Polyurethane Foam Market, by End-User, 2024 – 2033 (USD Billion)
    • 9.12 Europe Spray Polyurethane Foam Market, by Product, 2024 – 2033
      • 9.12.1 Europe Spray Polyurethane Foam Market, by Product, 2024 – 2033 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Spray Polyurethane Foam Market, 2024 – 2033 (USD Billion)
        • 9.13.1.1 Asia Pacific Spray Polyurethane Foam Market, by Country, 2024 – 2033 (USD Billion)
    • 9.14 Asia Pacific Spray Polyurethane Foam Market, by Type, 2024 – 2033
      • 9.14.1 Asia Pacific Spray Polyurethane Foam Market, by Type, 2024 – 2033 (USD Billion)
    • 9.15 Asia Pacific Spray Polyurethane Foam Market, by Application, 2024 – 2033
      • 9.15.1 Asia Pacific Spray Polyurethane Foam Market, by Application, 2024 – 2033 (USD Billion)
    • 9.16 Asia Pacific Spray Polyurethane Foam Market, by End-User, 2024 – 2033
      • 9.16.1 Asia Pacific Spray Polyurethane Foam Market, by End-User, 2024 – 2033 (USD Billion)
    • 9.17 Asia Pacific Spray Polyurethane Foam Market, by Product, 2024 – 2033
      • 9.17.1 Asia Pacific Spray Polyurethane Foam Market, by Product, 2024 – 2033 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Spray Polyurethane Foam Market, 2024 – 2033 (USD Billion)
        • 9.18.1.1 Latin America Spray Polyurethane Foam Market, by Country, 2024 – 2033 (USD Billion)
    • 9.19 Latin America Spray Polyurethane Foam Market, by Type, 2024 – 2033
      • 9.19.1 Latin America Spray Polyurethane Foam Market, by Type, 2024 – 2033 (USD Billion)
    • 9.20 Latin America Spray Polyurethane Foam Market, by Application, 2024 – 2033
      • 9.20.1 Latin America Spray Polyurethane Foam Market, by Application, 2024 – 2033 (USD Billion)
    • 9.21 Latin America Spray Polyurethane Foam Market, by End-User, 2024 – 2033
      • 9.21.1 Latin America Spray Polyurethane Foam Market, by End-User, 2024 – 2033 (USD Billion)
    • 9.22 Latin America Spray Polyurethane Foam Market, by Product, 2024 – 2033
      • 9.22.1 Latin America Spray Polyurethane Foam Market, by Product, 2024 – 2033 (USD Billion)
    • 9.23. The Middle East and Africa
      • 9.23.1 The Middle-East and Africa Spray Polyurethane Foam Market, 2024 – 2033 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Spray Polyurethane Foam Market, by Country, 2024 – 2033 (USD Billion)
    • 9.24 The Middle-East and Africa Spray Polyurethane Foam Market, by Type, 2024 – 2033
      • 9.24.1 The Middle-East and Africa Spray Polyurethane Foam Market, by Type, 2024 – 2033 (USD Billion)
    • 9.25 The Middle-East and Africa Spray Polyurethane Foam Market, by Application, 2024 – 2033
      • 9.25.1 The Middle-East and Africa Spray Polyurethane Foam Market, by Application, 2024 – 2033 (USD Billion)
    • 9.26 The Middle-East and Africa Spray Polyurethane Foam Market, by End-User, 2024 – 2033
      • 9.26.1 The Middle-East and Africa Spray Polyurethane Foam Market, by End-User, 2024 – 2033 (USD Billion)
    • 9.27 The Middle-East and Africa Spray Polyurethane Foam Market, by Product, 2024 – 2033
      • 9.27.1 The Middle-East and Africa Spray Polyurethane Foam Market, by Product, 2024 – 2033 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 DowDuPont Inc.
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 BASF SE
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Lapolla Industries Inc.
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 CertainTeed Corporation
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Icynene-Lapolla
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Johns Manville Corporation
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Carlisle Companies Inc.
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Demilec Inc.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Accella Polyurethane Systems
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Rhino Linings Corporation
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Huntsman Corporation
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 NCFI Polyurethanes
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Lapolla Industries Inc.
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Gaco Western
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Nukote Coating Systems
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Others.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
List Of Figures

Figures No 1 to 30

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • DowDuPont Inc.
  • BASF SE
  • Lapolla Industries Inc.
  • CertainTeed Corporation
  • Icynene-Lapolla
  • Johns Manville Corporation
  • Carlisle Companies Inc.
  • Demilec Inc.
  • Accella Polyurethane Systems
  • Rhino Linings Corporation
  • Huntsman Corporation
  • NCFI Polyurethanes
  • Lapolla Industries Inc.
  • Gaco Western
  • Nukote Coating Systems
  • Others

FAQs

The key factors driving the Market are Energy Efficiency Requirements, Construction and Industrial Growth, Versatility in Applications, Roofing Applications, Sealant Applications, End-User Diversity, Technological Advancements, Environmental Considerations, Market Expansion in Emerging Economies And Collaborations and Partnerships.

The “Open-cell” category dominated the market in 2022.

The key players in the market are DowDuPont Inc., BASF SE, Lapolla Industries Inc., CertainTeed Corporation, Icynene-Lapolla, Johns Manville Corporation, Carlisle Companies Inc., Demilec Inc., Accella Polyurethane Systems, Rhino Linings Corporation, Huntsman Corporation, NCFI Polyurethanes, Lapolla Industries Inc., Gaco Western, Nukote Coating Systems, Others.

“Asia Pacific” had the largest share in the Spray Polyurethane Foam Market.

The global market is projected to grow at a CAGR of 9.5% during the forecast period, 2023-2032.

The Spray Polyurethane Foam Market size was valued at USD 3.2 Billion in 2023.

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