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Global Spray Polyurethane Foam Market to be Worth USD 1.90 Billion in 2020 Business Articles | July 11, 2016
Global spray polyurethane foam market was valued at USD 1.30 billion in 2014 and is anticipated to reach USD 1.90 billion by 2020, growing at a CAGR of 7% between 2014 and 2020.
Zion Research has published a new report titled?“Spray Polyurethane Foam (Open Cell Thomas Delaney Dortmund Jersey , Closed Cell and Others) Market for Residential Walls, Residential Roofing, Commercial Walls, Commercial Roofing and Other Applications – Global Industry Perspective, Comprehensive Analysis and Forecast Achraf Hakimi Dortmund Jersey , 2014–2020.”?According to the report, the global?spray polyurethane foam marketwas valued at USD 1.30 billion in 2014 and is anticipated to reach USD 1.90 billion by 2020, growing at a CAGR of 7% between 2014 and 2020. In terms of volume, the global spray polyurethane foam market stood at 530 kilo tons in 2014.
Spray polyurethane foam commonly denoted to as SPF. SPF is a?spray-applied plastic that can form a constant insulation and air sticking on around corners, walls Dan-Axel Zagadou Dortmund Jersey , roofs, and on all contoured surfaces. Polyurethane foam is commonly used in wall insulation, roofing, manufactured homes, seal cracks and gaps containers and Warehouses. Spray polyurethane foam is made by reacting isocyanates such as MDI (Methylene diphenyl diisocyanate) and polyols in the presence of catalysts and blowing agents. MDI (Methylene diphenyl diisocyanate) Roman Burki Dortmund Jersey , TDI (Toluene diisocyanate), polyols and amines are the key raw materials of SPF.
Browse the full report at?
Spray polyurethane foam market is mainly driven by strong demand from construction industry. Spray polyurethane foam is widely used in construction industry in various applications such as insulation, sealing, etc. With the revival of global economy, global construction industry is expected to witness surge in the years to come. Moreover Raphael Guerreiro Dortmund Jersey , rising demand for green buildings in North America and Europe is expected to further fuel growth of spray polyurethane foam market. However, volatile raw materials prices are expected to be major concern for SPF manufacturers. Moreover, raw materials such as MDI and TDI that are used in the production of SPF cause severe health hazards including asthma and skin irritation. This may affect growth of SPF market.
Open cell are closed cell are the key product segment of spray polyurethane foam market. The open cell SPF dominated the market and accounted for over 45% of the total volume consumed in 2014. Spray polyurethane foam market is mainly driven by open cell SPF and closed cell SPF. Open cell SPF are expected to grow faster as compared to other product segments.
Key application markets for spray polyurethane foam include residential walls, residential roofing, commercial walls Marco Reus Dortmund Jersey , commercial roofing and others. Commercial walls application is expected to be the fastest growing segment in terms of revenue during the forecast period. The rapid growth is expected in this application segment due to the growth of construction industry.? In addition, the increasing demand for spray polyurethane foam can be attributed to the government regulations emphasizing America dominated spray polyurethane foam market in 2014 and accounted for over 44% of the global SPF consumption in 2014. Europe and North America are mainly dr. Cheap Jerseys From China Cheap Jerseys China Cheap Jerseys Cheap NBA Jerseys China Cheap MLB Jerseys Cheap Soccer Jerseys Online Cheap MLB Jerseys China Cheap Custom NHL Jerseys Cheap Authentic NFL Jerseys Cheap Custom NCAA Jerseys
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