Semi-Rigid Spray Polyurethane Foam Market Size By Application (Wall, Roof, Floor), By End-Use (Commercial, Residential, Industrial, Agricultural, Institutional), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Semi-Rigid Spray Polyurethane Foam Market Size By Application (Wall, Roof, Floor), By End-Use (Commercial, Residential, Industrial, Agricultural, Institutional), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Semi-Rigid Spray Polyurethane Foam Market Size By Application (Wall, Roof, Floor), By End-Use (Commercial, Residential, Industrial, Agricultural, Institutional), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Semi-Rigid Spray Polyurethane Foam Market Size
Semi-Rigid Spray Polyurethane Foam Market size was estimated over USD 700 million in 2017 and the industry will grow by a CAGR more than 6.5% through 2024. Steady recovery from economic slowdown coupled with the stable GDP growth will be the chief reason behind the North America’s construction industry growth thus spur the market growth over the forecast time frame.
The product is widely used for resistance, sealing and insulation purpose in roofs and walls of various infrastructures and buildings. Semi-rigid SPF helps to reduce the overall energy requirements for cooling and heating by filling the gaps and cracks in the building. In North America, the U.S. construction industry has been witnessing a steady growth in the last few years. Construction spending has been increasing at a healthy rate owing to a rise in private construction projects across the country.
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The U.S. construction spending increased from USD 787.9 billion in 2010 to USD 1,181.5 billion in 2016 and is likely to witness further gains in coming years. This trend of increasing construction spending will spur construction activities in the country, which will further boost the semi-rigid spray polyurethane foam market demand for use in insulation and sealing.
Oscillation in the raw material prices and health issues related to manufacturing of the product are the key restraining factors which will hamper the semi-rigid spray polyurethane foam market over the forecast period. Basically, the product is manufactured from crude oil derivative products and the continuous changes in the crude oil prices will have significant impact on the prices of the product. Crude oil cost was USD 128.94 per barrel in July 2008. By July 2009, the price fell to USD 63.42 per barrel, a decline of over 50%, followed by a steady rise till the latter half of 2013, post which there was a fall again in 2014.
The unpredictable pricing trend has been prevalent in the market and is expected to continue in future. Prices of MDI and TDI have been adversely affected due to high volatility in prices of crude oil. The volatility in these essential raw material prices has led to obscure profitability forecast for investors, thus restraining the semi-rigid spray polyurethane foam market growth.
| Report Attribute | Details |
|---|---|
| Base Year | 2016 |
| Semi-Rigid Spray Polyurethane Foam Market Size in 2016 | 700 Million (USD) |
| Forecast Period | 2017 to 2024 |
| Forecast Period 2017 to 2024 CAGR | 6.5% |
| 2024 Value Projection | 1.1 Billion (USD) |
| Historical Data for | 2013 to 2016 |
| No. of Pages | 250 |
| Tables, Charts & Figures | 421 |
| Segments covered | Application, End-Use and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Semi-Rigid Spray Polyurethane Foam Market Analysis
On the basis of end-use, the semi-rigid spray polyurethane foam market is divided into residential, industrial, commercial, institutional and agricultural buildings. From these, the institutional buildings accounted for close to a quarter of the market in 2017 and is expected to grow at a slower pace by 2024. Semi-rigid spray polyurethane foam is basically used to fill the gaps on the walls, attics, etc. in new as well as old structures which find applications in schools, colleges, and government buildings such as museums, libraries as a sealant and insulator.
Commercial buildings segment will grow by 6.5% year on year during the forecast period. Substantial usage of this product for insulation and sealing of shopping malls, hotels, and corporate structures due to its extreme heat and water-resistant characteristics, will drive the demand of spray PU foam. Also, this material reduces the overall utility bills and construction cost.
The semi-rigid SPF market is divided based on application, which includes floors, walls and roofs and others. The other applications include attics, plumbing systems, ceilings. Among these, walls accounted for over 50% share of the market in 2017 and is set to grow at substantial annual growth rate by 2024. This is due to the extensive product usage to cover and fill the gaps and cracks on the walls. The product also offers several benefits; for instance, it expands 100 times to its original volume, provides superior air barrier facility, and enhances the water adsorption property up to 40%.
In 2017, roof application segment generated revenue over USD 190 million and is projected to grow at a steady rate over 2018 to 2024. Significant demand for energy efficient and eco-friendly buildings with superior resistance to the regularly changing climatic conditions are the key driving factors for the semi-rigid spray polyurethane foam market segment growth in forecast period.
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Germany and UK are major markets in the semi-rigid spray polyurethane foam market share and collectively accounted for more than 35% share of the Europe in 2017. This can be attributed to the supportive government regulation and increasing demand for energy efficient infrastructure in the region. In Europe, buildings accounted for more than 40% share of the entire energy consumption and also produces close to 35% of the greenhouse emissions. This will be the key factor for the industry growth in coming years as the product is majorly used to reduce the energy consumption.
Asia Pacific accounted for around a fifth of the entire semi-rigid SPF market in 2017 and this share is expected to rise in the forecast timeframe. China and Japan will lead the Asia Pacific industry owing to the significant construction activities in these countries. Although the eastern Asian countries will have comparatively lower share, the annual growth rates will be higher due to greater potential for market penetration.
Semi-Rigid Spray Polyurethane Foam Market Share
Global semi-rigid spray polyurethane foam industry is characterized by the presence of various large scale and small-scale producers. Some of them include
- BASF Corporation
- Gaco Western
- Lapolla Industries, Inc
- NCFI Polyurethanes
- Honeywell
- Icynene
- Rhino Linings Corporation
- JJD Urethane
- Demilec
- Premium Spray Products
- The Dow Chemical Company
- International Cellulose Corporation
- Mitex International
- Foam Supplies
- Henry Company
- CertainTeed Corporation
- Specialty Products Inc.
Most of the companies are engaged in mergers, acquisitions and joint venture activities in order to expand their presence worldwide. For an instance, in July 2014, BASF announced the acquisition of Polioles’ PU business activities. Polioles operates in the field of performance materials, isocyanate, PU-systeme, polyurethanes, and polyol. This in turn will enhance the entire product range of BASF& increase its presence globally.
Industry Background
Semi-rigid spray polyurethane foam is a chemical product, mainly produced by polyols, isocyanate, etc. and commonly known as open cell spray polyurethane foam. The market will be primarily led by the construction sector growth, specifically in North America and Asia Pacific. It is basically used for insulation and sealing on the exterior and interiors of building due to their superior structure and inherent properties.
Growth in commercial and residential building construction in North America and Asia Pacific, coupled with increasing infrastructure restoration activities, will spur the Semi-rigid spray polyurethane foam market demand. Supportive protocols and energy conservation norms will also create a huge opportunity for market penetration in coming years.
Semi-Rigid spray polyurethane foam market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments
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By Application
- Wall
- Roof
- Floor
By End Use
- Commercial
- Residential
- Industrial
- Agricultural
- Institutional
The above information is provided on a regional and country basis for the following
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
Table of Content
Report Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Semi-rigid spray polyurethane foam industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. End-use by application trends
2.1.3. Application trends
2.1.4. Regional trends
Chapter 3. Semi-Rigid Spray Polyurethane Foam Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Profit margin
3.3.3. Value addition
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.3.5.1. List of key raw material suppliers
3.3.5.2. List of key manufacturers/suppliers
3.3.5.3. List of key/potential customers
3.3.5.4. List of key service providers
3.4. Raw material trends
3.5. Innovation & sustainability
3.5.1. Patent analysis
3.5.2. Technology landscape
3.5.3. Production process
3.5.4. Comparison of manufacturing techniques
3.5.5. Future trends
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Growth construction industry in Asia Pacific and the U.S.
3.6.1.2. Stringent government regulations regarding energy efficiency
3.6.2. Industry pitfalls & challenges
3.6.2.1. Volatile prices of raw materials
3.6.2.2. Occupational health hazards associated with the product
3.7. Regulatory trends
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Growth potential analysis
3.9. Competitive landscape
3.9.1. Company market share, 2016
3.9.1.1. Global
3.9.1.2. Regional
3.9.2. Brand analysis
3.9.3. Key stakeholders
3.9.4. Strategy dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. Regional price trends
3.11.1. Cost structure analysis
3.11.1.1. R&D cost
3.11.1.2. Manufacturing & equipment cost
3.11.1.3. Raw material cost
3.11.1.4. Distribution cost
3.11.1.5. Operating cost
3.11.1.6. Miscellaneous cost
3.11.2. Price by application
3.11.3. Price by end-use
3.12. PESTEL analysis
Chapter 4. Semi-Rigid Spray Polyurethane Foam Market, End-Use By Application
4.1. Global semi-rigid spray polyurethane foam market share by end-use, 2016 & 2024
4.2. Commercial buildings
4.2.1. Market estimates and forecasts, by application, 2013 - 2024
· Wall
· Roof
· Floor
· Others
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Residential buildings
4.3.1. Market estimates and forecasts, by application, 2013 - 2024
· Wall
· Roof
· Floor
· Others
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Industrial buildings
4.4.1. Market estimates and forecasts, by application, 2013 - 2024
· Wall
· Roof
· Floor
· Others
4.4.2. Market estimates and forecasts by region, 2013 – 2024
4.5. Agricultural buildings
4.5.1. Market estimates and forecasts, by application, 2013 - 2024
· Wall
· Roof
· Floor
· Others
4.5.2. Market estimates and forecasts by region, 2013 – 2024
4.6. Institutional buildings
4.6.1. Market estimates and forecasts, by application, 2013 - 2024
· Wall
· Roof
· Floor
· Others
4.6.2. Market estimates and forecasts by region, 2013 – 2024
Chapter 5. Semi-Rigid Spray Polyurethane Foam Market, By Application
5.1. Global semi-rigid spray polyurethane foam market share by application, 2016 & 2024
5.2. Wall
5.2.1. Market estimates and forecasts, 2013 - 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3. Roof
5.3.1. Market estimates and forecasts, 2013 - 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Floor
5.4.1. Market estimates and forecasts, 2013 - 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Others (ceilings, plumbing systems, etc.)
5.5.1. Market estimates and forecasts, 2013 - 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
Chapter 6. Semi-Rigid Spray Polyurethane Foam Market, By Region
6.1. Global semi-rigid spray polyurethane foam market share by region, 2016 & 2024
6.2. North America
6.2.1. North America market estimates and forecast, 2013 - 2024
6.2.2. North America market estimates and forecasts end-use by application, 2013 – 2024
6.2.3. North America market estimates and forecasts by application, 2013 – 2024
6.2.4. U.S.
6.2.4.1. U.S. market estimates and forecast, 2013 - 2024
6.2.4.2. U.S. market estimates and forecasts end-use by application, 2013 – 2024
6.2.4.3. U.S. market estimates and forecasts by application, 2013 – 2024
6.2.5. Canada
6.2.5.1. Canada market estimates and forecast, 2013 - 2024
6.2.5.2. Canada market estimates and forecasts end-use by application, 2013 – 2024
6.2.5.3. Canada market estimates and forecasts by application, 2013 – 2024
6.3. Europe
6.3.1. Europe market estimates and forecast, 2013 - 2024
6.3.2. Europe market estimates and forecasts end-use by application, 2013 – 2024
6.3.3. Europe market estimates and forecasts by application, 2013 – 2024
6.3.4. Germany
6.3.4.1. Germany market estimates and forecast, 2013 – 2024
6.3.4.2. Germany market estimates and forecasts end-use by application, 2013 – 2024
6.3.4.3. Germany market estimates and forecasts by application, 2013 – 2024
6.3.5. UK
6.3.5.1. UK market estimates and forecast, 2013 - 2024
6.3.5.2. UK market estimates and forecasts end-use by application, 2013 – 2024
6.3.5.3. UK market estimates and forecasts by application, 2013 – 2024
6.3.6. France
6.3.6.1. France market estimates and forecast, 2013 - 2024
6.3.6.2. France market estimates and forecasts end-use by application, 2013 – 2024
6.3.6.3. France market estimates and forecasts by application, 2013 – 2024
6.3.7. Spain
6.3.7.1. Spain market estimates and forecast, 2013 - 2024
6.3.7.2. Spain market estimates and forecasts end-use by application, 2013 – 2024
6.3.7.3. Spain market estimates and forecasts by application, 2013 – 2024
6.3.8. Italy
6.3.8.1. Italy market estimates and forecast, 2013 - 2024
6.3.8.2. Italy market estimates and forecasts end-use by application, 2013 – 2024
6.3.8.3. Italy market estimates and forecasts by application, 2013 – 2024
6.3.9. Russia
6.3.9.1. Russia market estimates and forecast, 2013 - 2024
6.3.9.2. Russia market estimates and forecasts end-use by application, 2013 – 2024
6.3.9.3. Russia market estimates and forecasts by application, 2013 – 2024
6.4. Asia Pacific
6.4.1. Asia Pacific market estimates and forecast, 2013 - 2024
6.4.2. Asia Pacific market estimates and forecasts end-use by application, 2013 – 2024
6.4.3. Asia Pacific market estimates and forecasts by application, 2013 – 2024
6.4.4. China
6.4.4.1. China market estimates and forecast, 2013 - 2024
6.4.4.2. China market estimates and forecasts end-use by application, 2013 – 2024
6.4.4.3. China market estimates and forecasts by application, 2013 – 2024
6.4.5. India
6.4.5.1. India market estimates and forecast, 2013 - 2024
6.4.5.2. India market estimates and forecasts end-use by application, 2013 – 2024
6.4.5.3. India market estimates and forecasts by application, 2013 – 2024
6.4.6. Japan
6.4.6.1. Japan market estimates and forecast, 2013 - 2024
6.4.6.2. Japan market estimates and forecasts end-use by application, 2013 – 2024
6.4.6.3. Japan market estimates and forecasts by application, 2013 – 2024
6.4.7. Australia
6.4.7.1. Australia market estimates and forecast, 2013 - 2024
6.4.7.2. Australia market estimates and forecasts end-use by application, 2013 – 2024
6.4.7.3. Australia market estimates and forecasts by application, 2013 – 2024
6.4.8. Indonesia
6.4.8.1. Indonesia market estimates and forecast, 2013 - 2024
6.4.8.2. Indonesia market estimates and forecasts end-use by application, 2013 – 2024
6.4.8.3. Indonesia market estimates and forecasts by application, 2013 – 2024
6.4.9. Malaysia
6.4.9.1. Malaysia market estimates and forecast, 2013 - 2024
6.4.9.2. Malaysia market estimates and forecasts end-use by application, 2013 – 2024
6.4.9.3. Malaysia market estimates and forecasts by application, 2013 – 2024
6.4.10. South Korea
6.4.10.1. South Korea market estimates and forecast, 2013 - 2024
6.4.10.2. South Korea market estimates and forecasts end-use by application, 2013 – 2024
6.4.10.3. South Korea market estimates and forecasts by application, 2013 – 2024
6.5. Latin America (LATAM)
6.5.1. LATAM market estimates and forecast, 2013 - 2024
6.5.2. LATAM market estimates and forecasts end-use by application, 2013 – 2024
6.5.3. LATAM Market estimates and forecasts by application, 2013 – 2024
6.5.4. Brazil
6.5.4.1. Brazil market estimates and forecast, 2013 - 2024
6.5.4.2. Brazil market estimates and forecasts end-use by application, 2013 – 2024
6.5.4.3. Brazil market estimates and forecasts by application, 2013 – 2024
6.5.5. Mexico
6.5.5.1. Mexico market estimates and forecast, 2013 - 2024
6.5.5.2. Mexico market estimates and forecasts end-use by application, 2013 – 2024
6.5.5.3. Mexico market estimates and forecasts by application, 2013 – 2024
6.6. Middle East & Africa (MEA)
6.6.1. MEA market estimates and forecast, 2013 - 2024
6.6.2. MEA market estimates and forecasts end-use by application, 2013 – 2024
6.6.3. MEA market estimates and forecasts by application, 2013 – 2024
6.6.4. South Africa
6.6.4.1. South Africa market estimates and forecast, 2013 - 2024
6.6.4.2. South Africa market estimates and forecasts end-use by application, 2013 – 2024
6.6.4.3. South Africa market estimates and forecasts by application, 2013 – 2024
6.6.5. Saudi Arabia
6.6.5.1. Saudi Arabia market estimates and forecast, 2013 - 2024
6.6.5.2. Saudi Arabia market estimates and forecasts end-use by application, 2013 – 2024
6.6.5.3. Saudi Arabia market estimates and forecasts by application, 2013 – 2024
6.6.6. UAE
6.6.6.1. UAE market estimates and forecast, 2013 - 2024
6.6.6.2. UAE market estimates and forecasts end-use by application, 2013 – 2024
6.6.6.3. UAE market estimates and forecasts by application, 2013 – 2024
6.6.7. Kuwait
6.6.7.1. Kuwait market estimates and forecast, 2013 - 2024
6.6.7.2. Kuwait market estimates and forecasts end-use by application, 2013 – 2024
6.6.7.3. Kuwait market estimates and forecasts by application, 2013 – 2024
Chapter 7. Company Profiles
7.1. BASF Corporation
7.1.1. Business overview
7.1.2. Financial data
7.1.3. Product landscape
7.1.4. Strategic outlook
7.1.5. SWOT analysis
7.2. Lapolla Industries, Inc
7.2.1. Business overview
7.2.2. Financial data
7.2.3. Product landscape
7.2.4. Strategic outlook
7.2.5. SWOT analysis
7.3. Gaco Western
7.3.1. Business overview
7.3.2. Financial data
7.3.3. Product landscape
7.3.4. Strategic outlook
7.3.5. SWOT analysis
7.4. JJD Urethane Co. Inc.
7.4.1. Business overview
7.4.2. Financial data
7.4.3. Product landscape
7.4.4. Strategic outlook
7.4.5. SWOT analysis
7.5. Honeywell
7.5.1. Business overview
7.5.2. Financial data
7.5.3. Product landscape
7.5.4. Strategic outlook
7.5.5. SWOT analysis
7.6. NCFI Polyurethanes
7.6.1. Business overview
7.6.2. Financial data
7.6.3. Product landscape
7.6.4. Strategic outlook
7.6.5. SWOT analysis
7.7. Icynene Inc.
7.7.1. Business overview
7.7.2. Financial data
7.7.3. Product landscape
7.7.4. Strategic outlook
7.7.5. SWOT analysis
7.8. Demilec
7.8.1. Business overview
7.8.2. Financial data
7.8.3. Product landscape
7.8.4. Strategic outlook
7.8.5. SWOT analysis
7.9. Premium Spray Products
7.9.1. Business overview
7.9.2. Financial data
7.9.3. Product landscape
7.9.4. Strategic outlook
7.9.5. SWOT analysis
7.10. Rhino Linings Corporation
7.10.1. Business overview
7.10.2. Financial data
7.10.3. Product landscape
7.10.4. Strategic outlook
7.10.5. SWOT analysis
7.11. CertainTeed Corporation
7.11.1. Business overview
7.11.2. Financial data
7.11.3. Product landscape
7.11.4. Strategic outlook
7.11.5. SWOT analysis
7.12. The Dow Chemical Company
7.12.1. Business overview
7.12.2. Financial data
7.12.3. Product landscape
7.12.4. Strategic outlook
7.12.5. SWOT analysis
7.13. Specialty Products Inc.
7.13.1. Business overview
7.13.2. Financial data
7.13.3. Product landscape
7.13.4. Strategic outlook
7.13.5. SWOT analysis
7.14. Henry Company
7.14.1. Business overview
7.14.2. Financial data
7.14.3. Product landscape
7.14.4. Strategic outlook
7.14.5. SWOT analysis
7.15. Foam Supplies Inc.
7.15.1. Business overview
7.15.2. Financial data
7.15.3. Product landscape
7.15.4. Strategic outlook
7.15.5. SWOT analysis
7.16. International Cellulose Corp.
7.16.1. Business overview
7.16.2. Financial data
7.16.3. Product landscape
7.16.4. Strategic outlook
7.16.5. SWOT analysis
7.17. Mitex International Inc.
7.17.1. Business overview
7.17.2. Financial data
7.17.3. Product landscape
7.17.4. Strategic outlook
7.17.5. SWOT analysis