Stratview Research delivers key insights on the global Rigid Spray Polyurethane Foam Market. According to Stratview Research, the market is segmented By Application (Wall, Roof, Floor), By End-Use (Commercial, Residential, Industrial, Agricultural, Institutional), and Region.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
Market Insights
The report suggests that the overall Rigid Spray Polyurethane Foam market is projected to grow from USD 451.2 million in 2020 to USD 542.9 million by 2026 at a CAGR of over 3.2% during the forecast period.
Market Segments' Analysis
Based on end-use, the global rigid spray polyurethane foam market has been classified into commercial, residential, industrial, agricultural, and institutional. Under these, the commercial segment held the largest market share of more than 32% in 2020 and is likely to grow at a considered CAGR during the forecast period. Rigid spray polyurethane foam is widely used for insulation and preventing cracks in building interiors and exterior owing to their antibacterial and water-resistant characteristics, thereby bolstering the segment growth.
By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Supportive government protocols related to energy-efficient buildings and infrastructures in the US are likely to promulgate the product demand. Significant demand for rigid SPF from rising commercial and residential construction projects further proliferates the regional market growth.
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