New York, December 2021: Axiom Market Research & Consulting™ added a report on spray foam insulation market which includes study on product type, foam type, application, infrastructure type, and geography. Spray foam insulation market was projected to grow at a CAGR of 4.50% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (Mlbs) generated by the spray foam insulation market.
The factors such as increasing demand for the polystyrene foams, increasing building and construction activities, along with the increasing demand for the green building insulation and increasing research and development has been expected for boosting the growth of the spray foam insulation market during the forecast period.
The report analyses the spray foam insulation market based on the product type, foam type, application, infrastructure type and geography. By product type the spray foam insulation market is segmented into polyurethane foam, polyolefin foam, polystyrene foam, phenolic foam, and elastomeric foam. By foam type, the spray foam insulation market is segmented into closed cell and open cell. By application, the spray foam insulation market is segmented into insulation, roofing, concrete rehabilitation. By infrastructure type, the spray foam insulation market is segmented into residential and commercial. Geographically, the spray foam insulation market is studied for the regions including North America, Europe, Asia Pacific, and Rest of the World.
Because of the potential uses of the polyurethane for the heat and acoustic purposes, it widely been used in the spray foam insulation market. The properties and features of the polyurethane are expected to driving the growth of the segment in the spray foam insulation market during the forecast period.
The open cell spray foam insulation has been widely used for the different types of applications in the interiors like the wall cavities, underside of the roof decks, and basement walls. The open cell spray foam insulation also provides the sound dampening the qualities that makes the type more ideal choice for the media rooms and theatres.
The roofing insulation application segment is majorly used in the spray foam insulation market, and the roofing insulation is also majorly used for the purpose of decreasing the heat transfer with the low thermal conductivity.
The growth of the residential infrastructure type segment in the spray foam insulation market is attributed because of the potential of controlling the moisture and temperature of the building and additionally, these infrastructure segment also helps in decreasing the noise in the residential areas.
Because of the growing construction and renovation activities along with the demand for the technologically advanced products has been responsible for further boosting the growth of the spray foam insulation market in the region of North America during the forecast period.
The key players in the spray foam insulation market are The Dow Chemical Company, BASF Corporation, Bayer Material Science, Icynene Inc, RPM International Inc, CertainTeed Corporation, Lapolla Industries Inc, Demilec, Huntsman Corporation, American Excelsior Company, Wisconsin Foam Products, Gaco Western, Carlisle Spray Foam Insulation (CSFI), NCFI Polyurethanes, Covestro, Greer Spray Foam Ltd, Henry, John Manville, Oakridgepoly, Premium Spray Products, Rhino Linings Corporation and ThermoSeal among others.
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