Albany, NY -- (SBWIRE) -- 02/15/2019 -- Global Semi-Rigid Spray Polyurethane Foam Market: Overview
Increasing use of semi-rigid spray polyurethane foam in construction industry for sealing and insulation purposes are expected to benefit the market's growth in the coming years. High demand for semi-rigid spray polyurethane foam in developed regions is the major factor expanding the growth in the global semi-rigid spray polyurethane foam market.
Having discussed about key driver, let us understand what are key categories in which the global semi-rigid spray polyurethane foam market is divided. Application and end-user are the segments in which semi-rigid SPF market is divided. Residential buildings, commercial buildings, agricultural buildings, industrial buildings, and institutional buildings are expected to be the key segments under end-user category.
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The report present crucial information on the global semi-rigid spray polyurethane foam market in a comprehensive manners and has covered significant factors affecting the market's growth. It is tailored in a manner that can be easily understood by the individuals operating in the market. It gives out the information relating to key drivers and restraints, growth opportunities, and ongoing trends in the market. Moreover, key markets offering high growth prospects and vendor landscape is also discussed in the report.
Global Semi-Rigid Spray Polyurethane Foam Market: Trends and Opportunities
According to the Environment Protection Agency in United States is estimated that using sealing and insulation air gaps can reduce up to 20% in monthly energy bills. Globally, the use of semi- rigid SPF is largely seen in sealing and insulation purposes in walls and roofs. It also helps in decreasing buildings energy requirements for cooling or heating by covering air gaps in roofs and walls and by providing resistance to heat transfer. Fluctuation in the prices of raw material and health issues related to manufacturing of the product are the key restraining factors, which will obstruct the growth of this market. Moreover, the growing trend for energy-efficient buildings and green buildings boosted the demand for semi-rigid SPF in the building and construction sector.
Global Semi-Rigid Spray Polyurethane Foam Market: Geographic Analysis
On geographical front, Europe offers lucrative growth opportunity in this market during the forecast period. Europe is projected to lead the global semi-rigid SPF market on the account of favorable government regulations in the region. Moreover, growing demand for energy efficient building and construction with an objective to reduce greenhouse emission also boosted the demand in this market.
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Asia Pacific is also estimated to fuel demand in the global semi-rigid spray polyurethane foam market due rapid growth of construction activities in the region. Japan and China are expected to be the key areas expand the demand for semi-rigid SPF due to extensive production projects. Increasing investments in regional construction and technologically advanced architectural designs will further drive the market's performance.
Global Semi-Rigid Spray Polyurethane Foam Market: Companies Mentioned
In the competitive landscape section, the report has covered prominent vendors operating in the global semi-rigid spray polyurethane foam market. In this particular market, leading vendors have strategic geographical presence with multiple production facilities across the globe. This has helped them getting stronger hold in the market and provided them a competitive edge in the market. Innovation, collaboration, partnership, mergers, and expansion are some of the most preferred business development strategies used by the vendors operating in this market. For instance, companies such as BASF and Dow Chemical Company are in lining their production to recent trends. With this, they are eliminating their toxicity and sustainability concerns like chlorinated fluorocarbon blowing agents.