Semi-Rigid Spray Polyurethane Foam Market for Construction Sector Is Expected To Witness Fastest Growth Over Forecast Timeframe
Category: #tech  By Partha Ray  Date: 2019-09-11
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Semi-Rigid Spray Polyurethane Foam Market for Construction Sector Is Expected To Witness Fastest Growth Over Forecast Timeframe

Global Market Insights, Inc.has recently added a report on Semi-Rigid Spray Polyurethane Foam Market Share 2019-2024 which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

The recent announcement of NCFI Polyurethanes, one of the foremost companies partaking in semi-rigid spray polyurethane foam market, to offer a new range of spray polyurethane foam underscores the efforts being put in by industry giants to manufacture eco-friendly products. Formulated with Honeywell's Solstice® Liquid Blowing Agent (LBA), the new low-global-warming-potential (low-GWP) material has been specifically produced for roofing applications and is part of NCFI’s commitment to lower its carbon footprint.

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Growth drivers are

  1. Growth construction industry in Asia Pacific and the U.S.
  2. Stringent government regulations regarding energy efficiency

According to a new research report by Global Market Insights, Inc. Semi-Rigid Spray Polyurethane Foam Market size will surpass USD 1.1 billion by 2024. Over the past decade, the phaseout of HFCs has been the primary concern of environmental regulatory authorities across the globe. In this regard, the latest offering of NCFI is being cited as revolutionary given that the firm has embarked upon transitioning its entire engineered building products range from HFC blowing agents to low-GWP products with the integration of Honeywell’s Solstice LBA.

Based on ultra-low GWP hydrofluoro-olefin (HFO) technology, Solstice LBA has emerged as a crucial component in manufacturing polyurethane foam. Evidently, the increasing instances of semi-rigid spray polyurethane foam market players adopting environment-friendly ingredients to produce these materials would go a long way in augmenting the growth prospects of this business sphere.

To add to it, prominent firms operating in semi-rigid spray polyurethane foam market have directed their resources in developing enhanced spray polyurethane foam insulation which can be predominantly utilized in wall construction. Lapolla Industries, Inc. for instance, recently unveiled an all-new and improved open-cell spray polyurethane foam insulation, Foam-LOK 500. The latest material reportedly can be utilized to seal 2” x 6” stud wall construction in a single application and works by forming a completely sealed air barrier in wall cavities.

Ideal for deploying in commercial and residential complexes of almost all kinds, the launch of products like Foam-LOK 500 is touted to significantly transform the growth fortunes of wall as an application segment of semi-rigid spray polyurethane foam market in the times to come.

In order to address the aforementioned challenges, prominent semi-rigid spray polyurethane foam market players, of late, have focused on revamping their production units to swiftly adopt advanced technologies. For instance, the United States headquartered Rhino Lining Corporation has reportedly manufactured bio-based SPF products in the recent past.

 Partial Chapter of the Table of Content:

Semi-Rigid Spray Polyurethane Foam Market, End-Use by Application

  • Commercial buildings
  • Residential buildings
  • Industrial buildings
  • Agricultural buildings
  • Institutional buildings

Semi-Rigid Spray Polyurethane Foam Market by Application

  • Wall
  • Roof
  • Floor
  • Others

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Industry experts claim that the process of manufacturing environment-friendly and bio-based SPF products has been undergoing a drastic change with the integration of these high-grade technologies. This would eventually prove to be advantageous for the remuneration portfolio of semi-rigid spray polyurethane foam industry which is slated to surpass the billion-dollar frontier by 2024.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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