January 25, 2022
According to the research report titled ‘North America Spray Polyurethane Foam For Building & Construction Market Size, Share and Industry Analysis Report by Product (Open Cell, Closed Cell), Application (Residential Walls, Residential Roofs, Commercial Walls, Commercial Roofs, Below Grade Residential, Below Grade Commercial), Container Size (12 - 24 oz. Cans, Up To 55 Gallons, Above 55 Gallons) and Usage (Cartridge Foam, 2-Part Kit), Country Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, North America spray polyurethane foam for building & construction market is anticipated to exhibit strong growth during 2021-2027.
Rising product demand in the region, flourishing construction sector, and strict regulations pertaining to energy efficiency of buildings are the major growth inducing factors for North America spray polyurethane foam for building & construction market.
Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4357574/
For the unversed, spray polyurethane foam (SPF) roofing is widely deployed in agricultural, commercial, residential, and industrial applications. Recently, industry players have employed a variety of strategies to strengthen their position, thereby boosting overall business growth.
Based on product, the closed cell sub-segment is anticipated to exhibit a CAGR of 6% during the analysis timeframe, owing to its wide deployment in roofing application due to excellent thermal resistance property.
In terms of application, the below grade residential sub-segment is projected to record 4.4% CAGR through 2027, owing to stringent energy standards that require insulating below grade walls to improve energy usage in homes across all climate zones in the U.S.
On the basis of container size terrain of North America spray polyurethane foam for building & construction market, the up to 55 gallons division accounted for 70% revenues share in 2020 and is expected to grow at a rapid pace from 2021 through 2027. Most producers provide the product in conventional container sizes of 5 gallons and 55 gallons, which is expected to improve segmental uptake in the future years.
In regards by usage, the 2-part kits sub-segment generated roughly USD 130 million in 2020 and is predicted to rise significantly over the study period. Because of their simplicity of handling and shipping, these kits are in high demand, which is expected to continue in the coming years.
Considering the regional landscape, Canada market is expected to grow at a CAGR of 5% during the forecast period. The growing number of active housing and commercial development projects, as well as the presence of numerous regional & international manufacturers are expected to boost market outlook in the future.
The key players in North America spray polyurethane foam for building & construction marketplace are SWD Urethane, Johns Manville, Elastochem Specialty Chemicals Inc., Carlisle Polyurethane Systems (Accella Polyurethane Systems LLC), Genyk, Mitex International Inc., International Cellulose Corporation, Foam Supplies Inc., Henry Company LLC, Specialty Products Inc. (SPI), DuPont de Nemours Inc., CertainTeed, Rhino Linings Corporation, Demilec Inc., Icynene Inc., NCFI Polyurethanes Inc., Bayer MaterialScience AG (Covestro AG), Lapolla Industries Inc., and BASF SE.