The Latest Spray Polyurethane Foam Industry Statistics Explained
The global spray polyurethane foam market was valued at around USD 1.90 billion in 2017.
The statistic indicates that the global spray polyurethane foam market had a total worth of approximately USD 1.90 billion in the year 2017. This value represents the total revenue generated by the sale of spray polyurethane foam products worldwide during that particular year. The market value serves as a metric for measuring the size and economic significance of the industry, reflecting the demand for and utilization of spray polyurethane foam in various applications such as insulation, roofing, and packaging. Tracking the market value over time can provide insights into the growth trajectory of the industry and can help businesses, policymakers, and investors make informed decisions regarding investments, strategies, and policies related to the spray polyurethane foam market.
The market is projected to be valued at over USD 2.90 billion by 2026.
The statistic “The market is projected to be valued at over USD 2.90 billion by 2026” indicates that experts forecast the total value of the market to exceed $2.90 billion by the year 2026. This projection likely takes into account various factors such as current market trends, historical data, consumer behavior, and other relevant information to estimate the future growth and size of the market. This statistic provides stakeholders, investors, and decision-makers with valuable insights for planning, investment decisions, and strategic direction in relation to this specific market.
The market is expected to grow at a compound annual growth rate (CAGR) of about 6.8% between 2019 and 2025.
The statistic “The market is expected to grow at a compound annual growth rate (CAGR) of about 6.8% between 2019 and 2025” indicates the anticipated rate of expansion of a market over a six-year period. The compound annual growth rate, or CAGR, is a measure used to express the average annual growth rate of an investment or market over a specified period of time, considering the effects of compounding. In this case, the projected 6.8% CAGR suggests that the market’s value is anticipated to increase by an average of 6.8% per year between 2019 and 2025, reflecting a positive growth trend. This information can be valuable for investors and businesses looking to understand and assess the potential opportunities and risks within the market during this timeframe.
The closed-cell product segment dominates the market with over 50% share in 2017.
This statistic indicates that in 2017, the closed-cell product segment held a prominent position in the market by capturing more than half of the total market share. This suggests that consumers favored closed-cell products over other types of products within that market. The dominance of the closed-cell product segment could be attributed to various factors such as superior quality, performance, or pricing, making it the preferred choice for a significant portion of consumers. This data highlights the strong presence and competitiveness of the closed-cell product segment in the market landscape during the specified time period.
The residential wall segment is expected to account for a revenue share of over 25% by 2025.
This statistic implies that the residential wall segment is anticipated to contribute significantly to overall revenue, making up more than 25% of the total revenue by the year 2025. This projection suggests that the residential wall segment is expected to be a key driver of revenue growth within the industry over the specified time frame. This information can be valuable for businesses and stakeholders in the construction or building materials sector to anticipate and strategize for the growing importance and potential profitability of the residential wall segment in the coming years.
The U.S. represented over 80% of North America’s spray polyurethane foam market share in 2019.
The statistic indicates that the United States held a dominant position in the North American spray polyurethane foam market in 2019, capturing over 80% of the market share. This suggests that the U.S. market for spray polyurethane foam products significantly outweighed that of other North American countries during that period. The high market share percentage highlights the strong presence and competitiveness of U.S. companies in this industry, potentially driven by factors such as production capacity, technological advancements, distribution networks, and demand from various sectors like construction and insulation. The statistic reflects the U.S.’s leadership role within the market and its importance in the overall dynamics of the North American spray polyurethane foam industry.
The residential sector led the spray polyurethane foam market in terms of volume with a share of more than 60% in 2018.
This statistic indicates that in 2018, the residential sector dominated the spray polyurethane foam market in terms of volume, accounting for more than 60% of the total market share. This suggests that the use of spray polyurethane foam was significantly higher in residential buildings compared to other sectors such as commercial or industrial properties. The strong presence of spray polyurethane foam in the residential sector could be attributed to its various benefits, such as energy efficiency, air sealing properties, and insulation performance, which are particularly advantageous for homes. This statistic highlights the importance and popularity of spray polyurethane foam insulation within the residential construction industry in 2018.
The Asia Pacific market is projected to register a CAGR of over 7% between 2021 and 2026.
This statistic indicates that the Asia Pacific market is expected to experience significant growth over the five-year period from 2021 to 2026 with a Compound Annual Growth Rate (CAGR) of over 7%. A CAGR of over 7% implies a strong and steady growth trajectory for the market, reflecting the region’s economic dynamism and expanding opportunities. This projection suggests that businesses operating in the Asia Pacific market can anticipate a favorable environment for investment and expansion, potentially leading to increased competition and innovation within the region.
China’s construction sector accounted for 16% of GDP in 2017, driving the demand for spray polyurethane foam.
The statistic highlights the significant contribution of China’s construction sector to its overall economy, with construction activities accounting for 16% of the country’s Gross Domestic Product (GDP) in 2017. This notable share indicates that the construction industry plays a substantial role in driving economic growth and creating employment opportunities in China. Additionally, the increased demand for spray polyurethane foam can be largely attributed to the growth of the construction sector, as this material is commonly used for insulation and other construction purposes. The statistic underscores the interconnectedness between the construction industry and related sectors, emphasizing the importance of monitoring trends in construction activity for assessing economic performance and market dynamics in China.
Europe is expected to exhibit a CAGR of 4.5% over the forecast period.
This statistic indicates the Compound Annual Growth Rate (CAGR) projected for Europe over a specific period of time in the future. A CAGR of 4.5% suggests that the economy or industry in Europe is expected to grow at an average annual rate of 4.5% over the forecast period. This growth rate represents a consistent year-over-year increase in economic or industry performance. It is a key metric used to assess and forecast the potential growth trajectory of a region or sector, providing insights into the expected pace of expansion and opportunities for investment or market development.
The roof segment was valued at more than USD 360 million in 2019.
The statistic ‘The roof segment was valued at more than USD 360 million in 2019’ indicates the total estimated worth of the roof industry sector within a specified time frame. This value signifies the monetary value attributed to various activities and products associated with roofs, such as manufacturing, installation, repair, and maintenance, among others. The fact that the value exceeds USD 360 million highlights the significant economic importance and scale of the roof segment in 2019, suggesting a thriving market with substantial investment, demand, and potential growth opportunities within the industry.
The spray polyurethane foam industry in India is likely to achieve a revenue of USD 56 million by 2022.
This statistic suggests that the spray polyurethane foam industry in India is projected to experience significant growth, aiming to generate a revenue of USD 56 million by the year 2022. The forecasted revenue indicates a positive trend towards increased demand for spray polyurethane foam products in various sectors such as construction, automotive, and insulation. This growth could be driven by factors such as rising infrastructure development projects, increasing awareness of energy-efficient building materials, and the need for sustainable solutions. Achieving this revenue target would signify the industry’s expansion and potential contribution to the Indian economy.
The market in Latin America led by Mexico, Brazil, and Argentina is growing at a significant rate, and it may surpass USD 55 million by 2024.
The statistic highlights the robust growth of the market in Latin America, particularly driven by Mexico, Brazil, and Argentina. The projected increase in market size exceeding USD 55 million by 2024 indicates a substantial uptrend in economic activity within the region. This growth can be attributed to various factors such as favorable government policies, increasing consumer demand, and expanding investment opportunities. The market’s expansion suggests a promising environment for businesses operating in these countries, as well as potential opportunities for international investors looking to capitalize on the region’s economic development.
The Middle East and Africa region, led by Saudi Arabia, had a significant share of the spray polyurethane foam market in 2019.
The statistic stating that the Middle East and Africa region, particularly led by Saudi Arabia, had a significant share of the spray polyurethane foam market in 2019 suggests that this geographical area played a prominent role in the consumption and production of spray polyurethane foam during that year. Saudi Arabia, in particular, appears to have been a major driving force behind this market dominance, possibly due to factors such as a growing construction industry, increasing demand for energy-efficient insulation materials, or advancements in spray polyurethane foam technology within the region. This statistic indicates that the Middle East and Africa region, with Saudi Arabia at the forefront, was a key player in shaping the spray polyurethane foam market landscape in 2019.
In 2017, the building and construction application accounted for the largest volume share at more than 30% in the global spray polyurethane foam market.
In 2017, the building and construction application held the largest volume share in the global spray polyurethane foam market, contributing over 30% of the market share. This statistic indicates that a significant portion of spray polyurethane foam was used in the building and construction industry for various applications such as insulation, roofing, and sealants. The high volume share suggests that spray polyurethane foam is a popular choice within the construction sector, likely due to its versatility, energy efficiency, and cost-effectiveness compared to traditional insulation materials. This data highlights the importance of the building and construction sector as a key driver in the demand for spray polyurethane foam products on a global scale in 2017.
The open-cell product segment is anticipated to attain a CAGR of 4.5% from 2021 to 2026.
This statistic indicates that the open-cell product segment is expected to exhibit a Compound Annual Growth Rate (CAGR) of 4.5% over the period from 2021 to 2026. A CAGR of 4.5% suggests that this particular product segment is projected to experience steady growth over the next five years. This growth rate may reflect increasing demand for open-cell products, improving market conditions, technological advancements, or other factors conducive to expansion in this market segment. The CAGR figure provides a useful metric for understanding the potential growth trajectory and performance of the open-cell product segment within the specified timeframe.
The demand for spray polyurethane foam in Australia was estimated at USD 15 Million in 2019.
The statistic that the demand for spray polyurethane foam in Australia was estimated at USD 15 million in 2019 indicates the total market value of this specific product within the country for that year. This number represents the amount of money spent by consumers and businesses in Australia on spray polyurethane foam, a material commonly used for insulation and other construction purposes. Understanding the demand for this product is crucial for businesses operating in the construction industry as it provides insight into market trends, potential growth opportunities, and the overall economic activity related to spray polyurethane foam in Australia.
In 2017, the residential segment held the largest revenue share, accounting for over 60% of the global market.
The statistic indicates that in 2017, the revenue generated from the residential segment of the global market was the highest among all segments, totaling more than 60% of the total market revenue. This suggests that the residential sector played a significant role in driving the overall financial performance of the market during that year. The high revenue share from the residential segment implies a strong consumer demand for residential goods or services, potentially reflecting factors such as population growth, urbanization trends, or consumer preferences. Understanding this statistic can help businesses and policymakers make informed decisions regarding resource allocation, market strategies, and investments within the residential sector to capitalize on its dominant position in the market.
In terms of revenue, the insulation application segment is expected to register a CAGR of more than 6% from 2021 to 2028.
This statistic indicates that the insulation application segment within a particular market is projected to experience a Compound Annual Growth Rate (CAGR) exceeding 6% between the years 2021 and 2028 in terms of revenue generation. CAGR is a measure used to represent the year-over-year growth rate of an investment or business activity over a specified period of time. In this context, a CAGR exceeding 6% suggests a consistent and relatively strong growth trajectory for the insulation application segment, which may be driven by factors such as increasing demand for energy-efficient solutions, regulatory mandates promoting sustainable construction practices, or technological advancements in insulation materials. This projection can provide valuable insights for businesses and investors in understanding the expected growth opportunities within this specific market segment over the defined timeframe.
References
0. – https://www.www.globenewswire.com
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3. – https://www.www.reportsanddata.com
4. – https://www.www.decresearch.com
5. – https://www.www.bizjournals.com
6. – https://www.www.prnewswire.com
