Rigid Spray Polyurethane Foam Market Size by Application (Wall, Roof, Floor) and 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
Rigid Spray Polyurethane Foam Market Size by Application (Wall, Roof, Floor) and End-Use (Commercial, Residential, Industrial, Agricultural, Institutional), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Rigid Spray Polyurethane Foam Market Size by Application (Wall, Roof, Floor) and End-Use (Commercial, Residential, Industrial, Agricultural, Institutional), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Rigid Spray Polyurethane Foam Market Size
Rigid Spray Polyurethane Foam Market size was estimated over USD 650 million in 2016 and the industry will grow by a CAGR more than 6.5% through 2024. The growth in the U.S. construction industry will be a chief driver for the market growth during the forecast timeframe.
The recovery from the economic slowdown coupled with a stable GDP growth rate in the U.S. will be a major reason behind the nation’s construction business growth. Rigid SPF is extensively used for insulation and sealing purposes in building roofs and walls. It helps in reducing buildings energy requirements for heating or cooling by sealing air gaps in walls and roofs and by resisting heat transfer.
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The U.S. Department of Energy estimates that more than 50% of the energy used in homes is for heating or cooling purposes. The department further stated that more than 30% of the buildings’ energy is lost due to air infiltration. The U.S. Environment Protection Agency (EPA) estimates that using insulation and sealing air gaps could save up to 20% of the monthly energy bills. These findings along with the rising demand for green buildings and energy-efficient buildings in the U.S. will propel the rigid spray polyurethane foam market demand in building construction activities.
The International Energy Conservation Code (IECC) and Leadership in Energy and Environmental Design (LEED) are some of the major standards implemented to conserve energy in the U.S. The Building Technologies Office (BTO) is tasked with the development and implementation of building energy codes. These codes are developed to ensure increased energy savings in line with the IECC and Standard 90.1. SPF is an effective economic tool to comply with these norms and the energy efficiency standards and government regulations will drive the rigid spray polyurethane foam market share in the years to come.
| Report Attribute | Details |
|---|---|
| Base Year | 2016 |
| Rigid Spray Polyurethane Foam Market Size in 2016 | 650 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 | 350 |
| Tables, Charts & Figures | 417 |
| Segments covered | Application, End-Use and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
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Rigid SPFs are primarily synthesized from petroleum-derived feedstock such as MDI and TDI. These materials are derived from benzene, a derivative of crude oil. The crude oil market is highly concentrated and oligopolistic in nature. Hence, the supply of crude oil has been a key factor restraining the market growth.
There has been an oscillation in the prices of crude oil due to the supply-demand gap. This has resulted in the price fluctuations of its derivatives. Factors include civil unrest in the Middle East region and embargo on Iran led to the crude oil supply disruption, which has affected the prices of petrochemicals. Therefore, the volatility in prices of raw materials has been a key factor hindering the rigid spray polyurethane foam market growth.
Rigid Spray Polyurethane Foam Market Analysis
Rigid spray polyurethane foam market is segmented, based on end-use, which include commercial buildings, residential buildings, industrial buildings, agricultural buildings and institutional buildings. Among these, commercial buildings segment accounted for over 30% share of the overall market in 2016 and is projected to show the sluggish growth in coming years. The product is extensively used for insulation, preventing cracks, etc. in building exterior and interiors due to their water resistant, antibacterial characteristics.
Residential buildings segment will grow with over 6% CAGR in the forecast timeframe. The product is highly used as insulating material on walls and roofs of buildings as it reduces the overall construction cost and utility bills.
The rigid spray polyurethane foam market is further bifurcated into three major application categories which include wall, roof, and floor. Minor applications such as ceilings, plumbing systems, etc. have been included in the others segment. Walls application segment generated revenue of more than USD 250 million in 2016 and will grow at a significant CAGR through 2024. The segment growth will be driven by the increasing energy conservation demand and various advantages offered by the product such as moisture & termite control, fire protection, enhance the thermal performance, etc.
Roof application segment accounted for more than 45% of the entire rigid SPF market share in 2016 and is likely to lose its market share in coming years. This can be attributed to the wide usage of open cell SPF to prevent the cracks on the roofs in place the of rigid SPF. The open cell spray polyurethane is comparatively cheaper than rigid one and this is another key factor for the rigid spray polyurethane foam market segment demand in coming year.
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The U.S. is a key contributor in rigid SPF market and accounted for over 70% of the entire share in 2016. The country is anticipated to witness a significant growth due to the supportive government protocols related to the energy efficient buildings and infrastructures. Positive demand for rigid SPF from commercial and residential end-use sector will likely enhance the rigid spray polyurethane foam market by 2024.
China was valued $81.6 million in 2016 and will likely grow at substantial annual growth rate by 2024. High population growth and technological advancement in the country is expected to propel the construction sector due to the increasing demand for houses and permanent shelters. The significant application of the product in tanks, pipes, plumbing systems and cold storage of the buildings. This in turn, will spur the Asia Pacific rigid spray polyurethane foam market in coming year.
Rigid Spray Polyurethane Foam Market Share
Major players in the rigid spray polyurethane foam market which holds the key chunk include
- BASF Corporation
- Lapolla Industries
- NCFI Polyurethanes
- Dow Chemical
- Bayer Material Science
- Icynene Inc
- Premium Spray Products
others. The companies are engaged in the product advancement, innovation, development, mergers and acquisition in the market.
For an instance, in December 2014, BASF Corporation acquired the business and assets of Taiwan Sheen Soon, which is one of the leading manufacturers of adhesive base materials and thermoplastic polyurethanes. The company operates in the field of thermoplastic polyurethanes, adhesives, performance materials, and polyurethanes. In July 2013, Lapolla Industries launched Foam-Lok AB 2000, a new product for air barrier applications. This will further strengthen the overall rigid spray polyurethane foam market portfolio of the company.
Industry Background
Rigid SPF is the chemical compound which is mostly extruded by isocyanate resins and polyol and known as closed cell spray polyurethane foam. The rigid spray polyurethane foam industry will be chiefly led by the growth in the U.S. and Asia Pacific construction industry. The product is widely used as an insulating material in building walls and roofs. Rigid SPF seals air gaps and prevents loss of heat. It also acts as a water barrier and gives structural strength to walls and roofs due to its rigid nature.
Increasing residential, commercial and industrial building construction in the North America. coupled with rising building renovation activities will boost product demand. Government regulations and standards relating to energy usage in buildings will also augment the rigid SPF market as the product can lower a buildings energy costs by a significant amount.
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
By End User
- Commercial buildings
- Wall
- Roof
- Floor
- Others
- Residential buildings
- Wall
- Roof
- Floor
- Others
- Industrial buildings
- Wall
- Roof
- Floor
- Others
- Agricultural buildings
- Wall
- Roof
- Floor
- Others
- Institutional buildings
- Wall
- Roof
- Floor
- Others
By Application
- Wall
- Roof
- Floor
- Others
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
- MEA
- 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. 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. 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. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key raw material suppliers
3.3.4.2. List of key manufacturers/suppliers
3.3.4.3. List of key/potential customers
3.3.4.4. List of key service providers
3.4. Raw material analysis
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 (Comparative analysis) – OR – Comparison of equipment
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. Rigid Spray Polyurethane Foam Market, End-Use By Application
4.1. Global 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. Rigid Spray Polyurethane Foam Market, By Application
5.1. Global 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. Rigid Spray Polyurethane Foam Market, By Region
6.1. Global 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. Bayer Material Science
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. NCFI Polyurethanes
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. Icynene Inc.
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. Demilec
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. Premium Spray Products
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. Rhino Linings Corporation
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. CertainTeed Corporation
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. The Dow Chemical Company
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. Specialty Products Inc.
7.11.1. Business overview
7.11.2. Financial data
7.11.3. Product landscape
7.11.4. Strategic outlook
7.11.5.&