North America Spray Polyurethane Foam For Building & Construction Market Size - By Product, Application (Residential Walls, Residential Roofs, Commercial Walls, Commercial Roofs, Below Grade Residential, Below Grade Commercial), Container Size, Usage & Forecast, 2021 - 2027
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
North America Spray Polyurethane Foam For Building & Construction Market Size - By Product, Application (Residential Walls, Residential Roofs, Commercial Walls, Commercial Roofs, Below Grade Residential, Below Grade Commercial), Container Size, Usage & Forecast, 2021 - 2027
North America Spray Polyurethane Foam For Building & Construction Market Size - By Product, Application (Residential Walls, Residential Roofs, Commercial Walls, Commercial Roofs, Below Grade Residential, Below Grade Commercial), Container Size, Usage & Forecast, 2021 - 2027
North America Spray Polyurethane Foam For Building & Construction Market Size
North America Spray Polyurethane Foam (SPF) For Building & Construction Market size was valued at USD around 687 million in 2020 and is expected to showcase a growth rate of around 5.4% from 2021 to 2027 driven by increasing building construction and remodeling activities across the region.
The product is used in building roofs, walls, attics, and basements to prevent the loss of air and keep the building insulated. The building insulation market has been gaining momentum over the last two decades due to the growing awareness about the energy-saving benefits of insulating buildings, mainly in the regions witnessing cold weather.
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Spray polyurethane foam is a chemical product that is primarily used for insulation purposes. The product is a cellular plastic material and is created by mixing polyol resin & isocyanate. Both liquid components are combined in the spray nozzle or can be used as a cartridge foam for offering isolation. The low thermal conductive value of the product is making it a popular insulating choice in building insulations.
Spray polyurethane foam has many benefits over traditional board insulating materials such as Expanded Polystyrene (EPS) and Extruded Polystyrene (XPS). The product provides lower R values than the rigid board insulations and optimizes energy efficiency. Low wastage during the application, easy transportation & applications, and better adherence to substrates make SPF an enhanced building insulation material. Although the cost of SPF may be more than board packaging, the final cost of the product combined with the installation and transportation costs is lower than the traditional board insulations.
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| North America Spray Polyurethane Foam for Building & Construction Market Size in 2020 | 687.40 Million (USD) |
| Forecast Period | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR | 5.4% |
| 2027 Value Projection | 989.65 Million (USD) |
| Historical Data for | 2017 to 2020 |
| No. of Pages | 150 |
| Tables, Charts & Figures | 114 |
| Segments covered | Product, Application, Container Size, Usage |
| Growth Drivers |
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| Pitfalls & Challenges |
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Industry participants are adopting various trends including the usage of bio-based raw materials instead of crude oil-based materials along with recycling trends owing to the economic source of raw materials. Additionally, they enable industry participants to reduce the adverse environmental impacts owing to the usage of waste materials for new petroleum-based additives. This trend is expected to bring sustainable development in spray polyurethane foam for building & construction market.
The COVID-19 pandemic has disrupted the business of several industries across the globe. Lockdowns enforced in several countries to prevent the COVID-19 spread are expected to have adverse impacts on several end-user industries. The exponential rise in positive COVID-19 cases in North America, shutdown of production facilities for some weeks, and low production rates of additives have severely impacted the market in FY2020. Furthermore, the industry may require up to two years to regain its previous growth rate.
North America Spray Polyurethane Foam For Building & Construction Market Analysis
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Based on product, the North America spray polyurethane foam for building & construction market has been categorized into open cell, closed cell, and others. Open cell foams held over 50% volumetric share in 2020 owing to their extraordinary features including thermal insulation, low carbon footprint, and minimal air filtration. They are extensively used in building interiors owing to their permeability toward air & moisture.
Open cell SPF is primarily employed in residential applications, and it dominates the regional demand for SPF. Open cell foams are permeable to air & water vapor and form sponge-like structures. This makes them ideal for usage in residential & commercial interior applications, directly propelling the spray polyurethane foam market size by 2027.
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Increasing population and easy availability of home loans at low-interest rates have resulted in the rising number of residential buildings. The residential roofing applications segment is expected to grow at a CAGR of nearly 6% from 2021 to 2027. Roofing is a major consumer segment of SPF products. The higher insulation values of the products amongst several substitutes and the availability of a wide range of closed cell foam products by manufacturers are expected to drive product consumption in residential roofing applications.
The container size segment is categorized into 12 - 24 oz cans, up to 55 gallons, and above 55 gallons. The requirement for products to fill air gaps in windows & walls is mainly catered to by aerosol cans or 12 – 24 oz cans. The purpose of these products is to provide air seals and not insulation. Such product usage does not require any special training. Growing trends of DIY in the home restoration sector and the easy availability of these products are expected to drive the segment growth over the study timeframe. The 12 -24 oz cans segment generated nearly USD 55 million in revenue in the North America spray polyurethane foam market in 2020.
Cartridge foam includes aerosol cans and newly developed special refill guns. The cartridge foam segment generated a demand for around 29 kilotons in 2020. Aerosol cans are used in the DIY segment to fill & seal small gaps in walls and in between windows & wall areas. The development of a wide range of aerosol products and the easy availability of these products will drive segment growth over the study timeframe. The use of these products is limited to small applications and the main purpose of these products is to provide airtight seals in gaps.
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The U.S. spray polyurethane foam for building & construction market showcased the highest growth rate of around 5.5% CAGR by 2027 owing to the higher economic rate. The U.S. witnesses cold & warm weather throughout the year and high energy prices are major concerns in the region. Spray polyurethane foam is the best suitable solution in such issues. The easy availability of home loans in the region has boosted the residential building activities.
North America Spray Polyurethane Foam For Building & Construction Market Share
Key players engaged in the North America spray polyurethane foam for building & construction industry include
- BASF
- CertainTeed
- Demilec
- NCFI Polyurethanes
- Lapolla Industries, Inc.
- Johns Manville
Industry participants are engaged in product launches, expansion of distribution networks, mergers & acquisitions, R&D investment, and others to enhance their market shares.
For instance, In January 2021, John Manville launched a new closed cell spray polyurethane foam product, JM Corbond IV. The new product was formulated with hydrofluoro-olefin (HFO) blowing agent to minimize the adverse impacts on the environment.
North America spray polyurethane foam for building & construction market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilotons and revenue in USD million from 2021 to 2027 for the following segments
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By Product
Open cell
- Closed cell
- Others
By Application
- Residential walls
- Residential roofing
- Commercial walls
- Commercial roofing
- Below grade residential
- Below grade commercial
By Container Size
- 12 – 24 oz cans
- Up to 55 gallons
- Above 55 gallons
By Usage
- Cartridge
- 2-part kits
- Others
By Country
- U.S.
- Canada
Table of Content
Report Content
Chapter 1 Methodology And Scope
1.1 Market definitions
1.2 Base estimation & workings
1.2.1 North America
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 North America spray polyurethane foam for building & construction industry 360° synopsis, 2017 –2027
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Container size trends
2.1.5 Usage trends
2.1.6 Country trends
Chapter 3 North America Spray Polyurethane Foam For Building & Construction industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2017 –2027
3.2.1 COVID-19 impact on industry landscape
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.3 Value chain disruption analysis (COVID-19 impact)
3.4 Industry Impact Forces
3.4.1 Growth drivers
3.4.1.1 The Growing U construction industry
3.4.1.2 Stringent government regulations on energy efficiency
3.4.2 Industry pitfalls & challenges
3.4.2.1 Volatile prices of raw materials
3.4.2.2 Occupational health hazards associated with the product
3.5 Growth potential analysis, 2020
3.6 Technology trends
3.7 Porter analysis
3.7.1 Threat of new entrant
3.7.2 Supplier power
3.7.3 Buyer power
3.7.4 Threat of substitutes
3.7.5 Industry rivalry
3.8 Company market share analysis, 2020
3.8.1 Company market shares by raw materials, 2020
3.8.1.1 Methylene Diphenyl Diisocyanate (MDI)
3.8.1.2 Toluene diisocyanate (TDI)
3.8.2 SPF company market share analysis, 2020
3.8.3 Strategy dashboard
3.9 PESTEL analysis
3.10 Country price trends
3.10.1 Cost structure analysis
3.10.1.1 R&D costs
3.10.1.2 Manufacturing & equipment cost
3.10.1.3 Raw material cost
3.10.1.4 Distribution cost
3.10.1.5 Operating cost
3.10.1.6 Miscellaneous cost
3.10.2 Raw material trends
3.10.3 COVID-19 impact on pricing
3.11 COVID-19 impact on demand for spray polyurethane foam for building & construction, by application
3.11.1 Residential walls
3.11.2 Residential roofing
3.11.3 Commercial walls
3.11.4 Commercial roofing
Chapter 4 North America Spray Polyurethane Foam For Building & Construction Market, By Product
4.1 North America spray polyurethane foam for building & construction market by product insights
4.2 Open cell
4.2.1 Market estimates and forecast, 2017 –2027
4.2.2 Market estimates and forecast by country, 2017 –2027
4.3 Closed cell
4.3.1 Market estimates and forecast, 2017 –2027
4.3.2 Market estimates and forecast by country, 2017 –2027
4.4 Others
4.4.1 Market estimates and forecast, 2017 –2027
4.4.2 Market estimates and forecast by country, 2017 –2027
Chapter 5 North America Spray Polyurethane Foam For Building & Construction Market, By Application
5.1 North America spray polyurethane foam for building & construction market by application insights
5.2 Residential walls
5.2.1 Market estimates and forecast, 2017 –2027
5.2.2 Market estimates and forecast by country, 2017 –2027
5.3 Residential roofing
5.3.1 Market estimates and forecast, 2017 –2027
5.3.2 Market estimates and forecast by country, 2017 –2027
5.4 Commercial walls
5.4.1 Market estimates and forecast, 2017 –2027
5.4.2 Market estimates and forecast by country, 2017 –2027
5.5 Commercial roofing
5.5.1 Market estimates and forecast, 2017 –2027
5.5.2 Market estimates and forecast by country, 2017 –2027
5.6 Below grade residential
5.6.1 Market estimates and forecast, 2017 –2027
5.6.2 Market estimates and forecast by country, 2017 –2027
5.7 Below grade commercial
5.7.1 Market estimates and forecast, 2017 –2027
5.7.2 Market estimates and forecast by country, 2017 –2027
Chapter 6 North America Spray Polyurethane Foam For Building & Construction Market, By Container Size
6.1 North America spray polyurethane foam for building & construction market by container size insights
6.2 12-24 oz cans
6.2.1 Market estimates and forecast, 2017 –2027
6.2.2 Market estimates and forecast by country, 2017 –2027
6.3 Up to 55 gallons
6.3.1 Market estimates and forecast, 2017 –2027
6.3.2 Market estimates and forecast by country, 2017 –2027
6.4 Over 55 gallons
6.4.1 Market estimates and forecast, 2017 –2027
6.4.2 Market estimates and forecast by country, 2017 –2027
Chapter 7 North America Spray Polyurethane Foam For Building & Construction Market, By Usage
7.1 North America spray polyurethane foam for building & construction market by usage insights
7.2 Cartridge
7.2.1 Market estimates and forecast, 2017 –2027
7.2.2 Market estimates and forecast by country, 2017 –2027
7.3 2-part kits
7.3.1 Market estimates and forecast, 2017 –2027
7.3.2 Market estimates and forecast by country, 2017 –2027
7.4 Others
7.4.1 Market estimates and forecast, 2017 –2027
7.4.2 Market estimates and forecast by country, 2017 –2027
Chapter 8 North America Spray Polyurethane Foam For Building & Construction Market, By Country
8.1 North America spray polyurethane foam for building & construction market by country, insights
8.2 U.S.
8.2.1 Market estimates and forecast, 2017 –2027
8.2.2 Market estimates and forecast by product, 2017 –2027
8.2.3 Market estimates and forecast by application, 2017 –2027
8.2.4 Market estimates and forecast, by container size, 2017 –2027
8.2.5 Market estimates and forecast by usage, 2017 –2027
8.3 Canada
8.3.1 Market estimates and forecast, 2017 –2027
8.3.2 Market estimates and forecast by product, 2017 –2027
8.3.3 Market estimates and forecast by application, 2017 –2027
8.3.4 Market estimates and forecast, by container size, 2017 –2027
8.3.5 Market estimates and forecast by usage, 2017 –2027
Chapter 9 Company Profiles
9.1 BASF Corporation
9.1.1 Business Overview
9.1.2 Financial Data
9.1.3 Product Landscape
9.1.4 Strategic Outlook
9.1.5 SWOT Analysis
9.2 Lapolla Industries, Inc.
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Product Landscape
9.2.4 Strategic Outlook
9.2.5 SWOT Analysis
9.3 Bayer MaterialScience
9.3.1 Business Overview
9.3.2 Financial Data
9.3.3 Product Landscape
9.3.4 SWOT Analysis
9.4 NCFI Polyurethanes
9.4.1 Business Overview
9.4.2 Financial Data
9.4.3 Product Landscape
9.4.4 SWOT Analysis
9.5 Icynene, Inc.
9.5.1 Business Overview
9.5.2 Financial Data
9.5.3 Product Landscape
9.5.4 Strategic Outlook
9.5.5 SWOT Analysis
9.6 Demilec
9.6.1 Business Overview
9.6.2 Financial Data
9.6.3 Product Landscape
9.6.4 Strategic Outlook
9.6.5 SWOT Analysis
9.7 Accella Polyurethane Systems (Premium Spray Products)
9.7.1 Business Overview
9.7.2 Financial Data
9.7.3 Product Landscape
9.7.4 Strategic Outlook
9.7.5 SWOT Analysis
9.8 Rhino Linings Corporation
9.8.1 Business Overview
9.8.2 Financial Data
9.8.3 Product Landscape
9.8.4 SWOT Analysis
9.9 CertainTeed Corporation
9.9.1 Business Overview
9.9.2 Financial Data
9.9.3 Product Landscape
9.9.4 Strategic Outlook
9.9.5 SWOT Analysis
9.10 DuPont de Nemours, Inc.
9.10.1 Business Overview
9.10.2 Financial Data
9.10.3 Product Landscape
9.10.4 SWOT Analysis
9.11 Specialty Products, Inc.
9.11.1 Business Overview
9.11.2 Financial Data
9.11.3 Product Landscape
9.11.4 SWOT Analysis
9.12 Henry Company
9.12.1 Business Overview
9.12.2 Financial Data
9.12.3 Product Landscape
9.12.4 Strategic Outlook
9.12.5 SWOT Analysis
9.13 Foam Supplies, Inc.
9.13.1 Business Overview
9.13.2 Financial Data
9.13.3 Product Landscape
9.13.4 Strategic Outlook
9.13.5 SWOT Analysis
9.14 International Cellulose Corporation
9.14.1 Business Overview
9.14.2 Financial Data
9.14.3 Product Landscape
9.14.4 SWOT Analysis
9.15 Mitex International, Inc.
9.15.1 Business Overview
9.15.2 Financial Data
9.15.3 Product Landscape
9.15.4 SWOT Analysis
9.16 Genyk
9.16.1 Business Overview
9.16.2 Financial Data
9.16.3 Product Landscape
9.16.4 SWOT Analysis
9.17 Carlisle Polyurethane Systems
9.17.1 Business Overview
9.17.2 Financial Data
9.17.3 Product Landscape
9.17.4 Strategic Outlook
9.17.5 SWOT Analysis
9.18 Elastochem Specialty Chemicals Inc.
9.18.1 Business Overview
9.18.2 Financial Data
9.18.3 Product Landscape
9.18.4 Strategic Outlook
9.18.5 SWOT Analysis
9.19 Johns Manville
9.19.1 Business Overview
9.19.2 Financial Data
9.19.3 Product Landscape
9.19.4 Strategic Outlook
9.19.5 SWOT Analysis
9.20 SWD Urethane
9.20.1 Business Overview
9.20.2 Financial Data
9.20.3 Product Landscape
9.20.4 Strategic Outlook
9.20.5 SWOT Analysis