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    North American Spray Polyurethane Foam Market Growth Analysis

    North American Spray Polyurethane Foam Market Growth Analysis
    Report code - SR1055 Published On : Aug,2021 No. of Pages: 70
    North American Spray Polyurethane Foam Market Size, Share, Trend, Forecast, Competitive An See more...

    Market Highlights

    The North American Spray Polyurethane Foam Market is likely to grow at a promising CAGR of 8% over the next five years to reach US$ 2.1 Billion in 2026.

    North America is a pioneer in raising the bar for energy efficiency and building sustainability. Heating and cooling account for around 56% of annual energy use in American households, according to the US Department of Energy (DoE). Constructors prefer spray polyurethane foams that are used for insulation and air barrier sealants in roofs, walls, windows, and others (foundations, ceilings, etc.) to keep a consistent temperature and reduce noise levels. North America dominates the global spray polyurethane foam market, having the highest penetration among alternate technologies.

    There has been a constant increase in the penetration of spray foam insulations in North America propelled by the stringent building energy codes and excellent performance of spray polyurethane foams. However, with the sudden outbreak of the COVID-19 pandemic, the market witnessed an unpredictable collapse in its growth, leading to significant losses for the industry stakeholders. Strong industry fundamentals, an expected recovery in the economy, and an increase in construction spending are likely to rejuvenate the market demand in the near future. 

    Segment Analysis

    The North American spray polyurethane foam market is segmented into the following categories-

    By Cell Structure Type

    • Open Cell Structure
    • Closed Cell Structure

    By Application Type

    • Roofs
    • Walls
    • Floors
    • Others

    By End-Use Type

    • Residential
    • Commercial
    • Industrial

    By Country

    • The USA
    • Canada
    • Mexico 

    By Cell Structure Type

    The spray polyurethane foam market is segmented as open-cell structure and closed-cell structure. Closed-cell structure is expected to remain the larger segment of the market during the forecast period. Widespread usage of closed-cell structure-based spray polyurethane foams in building exteriors has led to a high significance of the segment. It is preferably used in various countries/regions across different climate conditions.

    By Application Type

    The market is segmented as roofs, walls, floors, and others. Walls are estimated to remain the most preferred application type for spray polyurethane foams during the forecast period. There exists a strong penetration of spray foam insulation in walls and roof applications. Furthermore, stringent building energy codes across various nations are likely to boost the market demand in both applications in the foreseen future.

    By Country

    In terms of the country, The USA is expected to remain the largest spray polyurethane foam market in North America. A strong outlook of new housing starts, stricter building energy codes, and an increase in the penetration of spray foam insulations are key factors that are likely to fuel the country’s market in the foreseen future.

    Key Players

    The following are the key players in the North American Spray Polyurethane Foam Market.

    • Huntsman International LLC
    • Carlisle Companies Inc.
    • BASF SE
    • Dow Chemical Company
    • Covestro AG
    • Johns Manville
    • CertainTeed
    • Henry Company
    • NCFI Polyurethanes
    • GACO
    • Rhino Linings Corporation

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the North American Spray Polyurethane Foam Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s North American Spray Polyurethane Foam Market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The North American spray polyurethane foam market is estimated to grow at a CAGR of 8% by 2026.

    Huntsman International LLC, Carlisle Companies Inc., BASF SE, Dow Chemical Company, Covestro AG, Johns Manville, CertainTeed, Henry Company, and NCFI Polyurethanes are the major players in the market.

    The USA is estimated to remain dominant in the North American spray polyurethane foam market in the foreseen future.

    The north american spray polyurethane foam market size is expected to reach US$ 2 Billion in the foreseeable future

    Closed-cell structure is expected to remain the larger segment in the north American spray polyurethane foam market during the next five years.

    Walls are expected to remain dominant application in the north American spray polyurethane foam market in the coming years.