Spray polyurethane market: Driving factors, industry challenges, segmentation, key vendor analysis, leading countries, and market size and forecast 2023-2027 - Technavio

NEW YORK, Feb. 6, 2023 /PRNewswire/ --

In-depth analysis provided in the report includes:

• Current and future market trends to highlight market conditions
• Comparative analysis of the market and its segments for the historic period of 2017 - 2021
• Market drivers and market impediments and their impact on market growth
• Positioning of market players and their business strategy analysis
• Download a sample now!

 Spray polyurethane market size & segmentation analysis

The spray polyurethane market is estimated to grow at a CAGR of 9.04% between 2022 and 2027. The size of the market is forecasted to increase by USD 1,312.48 million. The spray polyurethane market is segmented based on type, application, and geography.

• Based on type, the spray polyurethane market is segmented into open cell and closed cell.
• Based on application, the market is segmented into residential, commercial, and industrial.
• Based on geography, the spray polyurethane market is segmented into APAC, Europe, North America, Middle East and Africa, and South America.
• For insights on the market contribution of each segment, Buy the report!

Spray polyurethane market: Country-level analysis

The countries covered in the spray polyurethane market report are the US and Canada (North America); the UK, Germany, France, and Rest of Europe (Europe); China and India (APAC); Saudi Arabia, South Africa, and Rest of the Middle East & Africa (Middle East & Africa); and Chile, Brazil, and Argentina (South America).

• APAC is estimated to account for 49% of the growth of the global market during the forecast period.
• Population growth in the region is increasing the demand for residences and commercial establishments, which will drive the market's growth during the forecast period.
• China, South Korea, India, and Japan are the key revenue contributors to the spray polyurethane foam market in the region.
• China is a major hub for construction in APAC. In 2019, the Beijing Municipal Commission of Development and Reform announced plans for 300 construction projects. Such projects will fuel the growth of the spray polyurethane foam market in the region during the forecast period.

The geographic landscape of the report also provides market-impacting factors and changes that impact current and future trends. For detailed information, request a sample!

Spray polyurethane market: Dynamics & insights

Technavio's research report on the spray polyurethane market provides analysis and insights about the various drivers, along with key challenges, that impact the market throughout the forecast period.

The increasing demand for spray polyurethane foams in the construction industry is notably driving the market growth. Spray polyurethane foam has high energy efficiency, versatility, and thermal or mechanical performance. It is used in the construction industry for insulating walls, panels, and gap fillers in doors and windows. Spray polyurethane foam is also used as an adhesive in window and door installations. The increasing number of infrastructure projects globally is expected to increase the demand for spray polyurethane foam during the forecast period.

However, increasing demand for alternatives of spray polyurethane foams is a major challenge impeding the market. The use of spray polyurethane foam can cause environmental issues such as ozone layer depletion. Hence, substitutes such as natural latex, cotton fiber foam, organic wool, plain cotton, short-staple polyester fiber, and polystyrene are used in various applications. Natural latex is biodegradable and is resistant to dust mites, mold, and mildew. Short staple polyester fiber and polystyrene are synthetic polymers and are used as substitutes for spray polyurethane foam in applications such as packaging, automotive, and construction. Thus, the increasing demand for alternatives to spray polyurethane foam will hinder the market growth during the forecast period.

Spray polyurethane market: Competitive landscape and vendor analysis

Technavio's report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Some of the major players operating in the spray polyurethane market are Akkim Construction Chemicals Inc., Anagha ASF LLP, Barnhardt Manufacturing Co., Compagnie de Saint Gobain SA, Covestro AG, Dow Inc., Honeywell International Inc., Huntsman Corp., Indospark Inc., Innovative Chemical Products, Isothane Ltd., Johns Manville, Sekisui Chemical Co. Ltd., Shanghai Junbond Building Materials Co. Ltd., SOPREMA SAS, Specialty Products Inc., Tosoh Corp., Woodbridge Foam Corp., Sika AG, and BASF SE, among others. For insights on the vendor offerings, download a PDF sample!

Related Reports:

The polyurethane (PU) coatings market is estimated to grow at a CAGR of 6.2% between 2022 and 2027. The size of the market is forecasted to increase by USD 9,719.29 million. This report extensively covers market segmentation by end-user (wood and furniture, automotive and transportation, electrical and electronics, and others), type (solvent-borne, water-borne, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

The polyurethane catalysts market size is expected to increase by 1,708.89 thousand tons from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.65%. This report extensively covers market segmentation by application (foam, elastomers, coatings, and others) and geography (APAC, North America, Europe, South America, and MEA).

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Table of Content:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global spray polyurethane foam market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global spray polyurethane foam market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Residential - Market size and forecast 2022-2027
• Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 6.4 Commercial - Market size and forecast 2022-2027
• Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.5 Industrial - Market size and forecast 2022-2027
• Exhibit 42: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Industrial - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Industrial - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 47: Chart on Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 49: Chart on Comparison by Type
• Exhibit 50: Data Table on Comparison by Type

• 7.3 Open cell - Market size and forecast 2022-2027
• Exhibit 51: Chart on Open cell - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Open cell - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Open cell - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Open cell - Year-over-year growth 2022-2027 (%)

• 7.4 Closed cell - Market size and forecast 2022-2027
• Exhibit 55: Chart on Closed cell - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Closed cell - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Closed cell - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Closed cell - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 59: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 South Korea - Market size and forecast 2022-2027
• Exhibit 101: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Akkim Construction Chemicals Inc. 
• Exhibit 112: Akkim Construction Chemicals Inc. - Overview
• Exhibit 113: Akkim Construction Chemicals Inc. - Product / Service
• Exhibit 114: Akkim Construction Chemicals Inc. - Key offerings

• 12.4 Anagha ASF LLP 
• Exhibit 115: Anagha ASF LLP - Overview
• Exhibit 116: Anagha ASF LLP - Product / Service
• Exhibit 117: Anagha ASF LLP - Key offerings

• 12.5 BASF SE 
• Exhibit 118: BASF SE - Overview
• Exhibit 119: BASF SE - Business segments
• Exhibit 120: BASF SE - Key news
• Exhibit 121: BASF SE - Key offerings
• Exhibit 122: BASF SE - Segment focus

• 12.6 Compagnie de Saint Gobain SA 
• Exhibit 123: Compagnie de Saint Gobain SA - Overview
• Exhibit 124: Compagnie de Saint Gobain SA - Business segments
• Exhibit 125: Compagnie de Saint Gobain SA - Key offerings
• Exhibit 126: Compagnie de Saint Gobain SA - Segment focus

• 12.7 Covestro AG 
• Exhibit 127: Covestro AG - Overview
• Exhibit 128: Covestro AG - Business segments
• Exhibit 129: Covestro AG - Key news
• Exhibit 130: Covestro AG - Key offerings
• Exhibit 131: Covestro AG - Segment focus

• 12.8 Dow Inc. 
• Exhibit 132: Dow Inc. - Overview
• Exhibit 133: Dow Inc. - Business segments
• Exhibit 134: Dow Inc. - Key news
• Exhibit 135: Dow Inc. - Key offerings
• Exhibit 136: Dow Inc. - Segment focus

• 12.9 Huntsman Corp. 
• Exhibit 137: Huntsman Corp. - Overview
• Exhibit 138: Huntsman Corp. - Business segments
• Exhibit 139: Huntsman Corp. - Key news
• Exhibit 140: Huntsman Corp. - Key offerings
• Exhibit 141: Huntsman Corp. - Segment focus

• 12.10 Indospark Inc. 
• Exhibit 142: Indospark Inc. - Overview
• Exhibit 143: Indospark Inc. - Product / Service
• Exhibit 144: Indospark Inc. - Key offerings

• 12.11 Innovative Chemical Products 
• Exhibit 145: Innovative Chemical Products - Overview
• Exhibit 146: Innovative Chemical Products - Product / Service
• Exhibit 147: Innovative Chemical Products - Key offerings

• 12.12 Sekisui Chemical Co. Ltd. 
• Exhibit 148: Sekisui Chemical Co. Ltd. - Overview
• Exhibit 149: Sekisui Chemical Co. Ltd. - Business segments
• Exhibit 150: Sekisui Chemical Co. Ltd. - Key offerings
• Exhibit 151: Sekisui Chemical Co. Ltd. - Segment focus

• 12.13 Shanghai Junbond Building Materials Co. Ltd.
• Exhibit 152: Shanghai Junbond Building Materials Co. Ltd. - Overview
• Exhibit 153: Shanghai Junbond Building Materials Co. Ltd. - Product / Service
• Exhibit 154: Shanghai Junbond Building Materials Co. Ltd. - Key offerings

• 12.14 Sika AG 
• Exhibit 155: Sika AG - Overview
• Exhibit 156: Sika AG - Business segments
• Exhibit 157: Sika AG - Key news
• Exhibit 158: Sika AG - Key offerings
• Exhibit 159: Sika AG - Segment focus

• 12.15 SOPREMA SAS 
• Exhibit 160: SOPREMA SAS - Overview
• Exhibit 161: SOPREMA SAS - Product / Service
• Exhibit 162: SOPREMA SAS - Key offerings

• 12.16 Specialty Products Inc. 
• Exhibit 163: Specialty Products Inc. - Overview
• Exhibit 164: Specialty Products Inc. - Product / Service
• Exhibit 165: Specialty Products Inc. - Key offerings

• 12.17 Tosoh Corp. 
• Exhibit 166: Tosoh Corp. - Overview
• Exhibit 167: Tosoh Corp. - Business segments
• Exhibit 168: Tosoh Corp. - Key offerings
• Exhibit 169: Tosoh Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 172: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations 
• Exhibit 176: List of abbreviations

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