Semi-Rigid Spray Polyurethane Foam Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The Semi-Rigid Spray Polyurethane Foam market is projected to grow from USD 832.4 million in 2020 to USD 1,194.4 million by 2026 at a CAGR of over 6.4% during the forecast period.
Rising construction expenditure, as well as the rising need for insulation and sealing of cracks in commercial and residential buildings, are expected to bolster the market growth. Moreover, it also aids in reducing the building’s energy requirements for cooling or heating by covering air gaps in roofs & walls and by offering resistance to heat transfer, which boosts the product demand. However, volatile prices of raw materials coupled with health issues related to product manufacturing are likely to hamper the industry growth.
Market Segments' Analysis
According to Stratview Research, the Semi-Rigid Spray Polyurethane Foam Market is segmented By Application (Wall, Roof, Floor), By End-Use (Commercial, Residential, Industrial, Agricultural, Institutional), and Region.
Based on application, the semi-rigid spray polyurethane foam market has been classified into the wall, roof, and floor. Under these, the wall segment held the largest market share of more than 52% in 2020 and is likely to grow at a considered CAGR during the forecast period. Semi-rigid spray polyurethane foam expands 100 times to its original volume, as well as offers an excellent air barrier facility, and improves the water adsorption property, thereby bolstering the segment growth.
By region, the European market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This is mainly ascribed to the supportive government policies and growing demand for energy-efficient infrastructure in the region. Also, the buildings account for over 40% share of the entire energy consumption, which also produces around 35% of the greenhouse emissions, which further proliferates the product usage and boosts the regional market growth.
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Top key vendors in the market:
The report mentions a list of key players in the Semi-Rigid Spray Polyurethane Foam Market. Some of them are mentioned below –
· BASF SE (Germany)
· Covestro AG (Germany)
· Huntsman (US)
· Dow (US)
· Duna Corradini (Italy)
· Novomer (US)
· Nanjing Hongbaoli (China)
· Wanhua Chemical (China)
· Lecron Energy Saving Materials (China)
· Huafon (China)
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