Rigid Spray Polyurethane Foam market: Competitive Analysis and Global Outlook 2021-2026
April 04, 2022
Stratview Research has recently added a new report titled Rigid Spray Polyurethane Foam market to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Rigid Spray Polyurethane Foam market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
- 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)
Market Highlights
The 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. Government initiatives for increasing the use of rigid polyurethane foams as well as increasing usage of polyurethane foams in packaging, construction, furniture & footwear further augments the market growth in the following years. Expanding construction industry offers ample growth opportunities to the market players. In addition, PU foam is a highly reasonable and safe mode of reducing carbon emission, thus boosting the product used during the review period.
Segment-wise 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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The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
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