GITNUX MARKETDATA REPORT 2024

Spray Polyurethane Foam Industry Statistics

Overall global market revenue for Spray Polyurethane Foam Industry is expected to grow at a steady rate in the coming years due to increasing demand from construction and automotive sectors.

With sources from: globenewswire.com, expertmarketresearch.com, zionmarketresearch.com, reportsanddata.com and many more

Statistic 1

The global spray polyurethane foam market was valued at around USD 1.90 billion in 2017.

Statistic 2

The market is projected to be valued at over USD 2.90 billion by 2026.

Statistic 3

The market is expected to grow at a compound annual growth rate (CAGR) of about 6.8% between 2019 and 2025.

Statistic 4

The closed-cell product segment dominates the market with over 50% share in 2017.

Statistic 5

The residential wall segment is expected to account for a revenue share of over 25% by 2025.

Statistic 6

The U.S. represented over 80% of North America’s spray polyurethane foam market share in 2019.

Statistic 7

The residential sector led the spray polyurethane foam market in terms of volume with a share of more than 60% in 2018.

Statistic 8

The Asia Pacific market is projected to register a CAGR of over 7% between 2021 and 2026.

Statistic 9

China’s construction sector accounted for 16% of GDP in 2017, driving the demand for spray polyurethane foam.

Statistic 10

Europe is expected to exhibit a CAGR of 4.5% over the forecast period.

Statistic 11

The roof segment was valued at more than USD 360 million in 2019.

Statistic 12

The spray polyurethane foam industry in India is likely to achieve a revenue of USD 56 million by 2022.

Statistic 13

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.

Statistic 14

The Middle East and Africa region, led by Saudi Arabia, had a significant share of the spray polyurethane foam market in 2019.

Statistic 15

In 2017, the building and construction application accounted for the largest volume share at more than 30% in the global spray polyurethane foam market.

Statistic 16

The open-cell product segment is anticipated to attain a CAGR of 4.5% from 2021 to 2026.

Statistic 17

The demand for spray polyurethane foam in Australia was estimated at USD 15 Million in 2019.

Statistic 18

In 2017, the residential segment held the largest revenue share, accounting for over 60% of the global market.

Statistic 19

In terms of revenue, the insulation application segment is expected to register a CAGR of more than 6% from 2021 to 2028.

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In this post, we will explore a comprehensive overview of the spray polyurethane foam industry, analyzing key statistics and market trends that shape its current landscape and future projections. With insights ranging from market values and growth rates to regional market shares and application segments, this analysis sheds light on the dynamic growth and opportunities within this thriving sector.

Statistic 1

"The global spray polyurethane foam market was valued at around USD 1.90 billion in 2017."

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Statistic 2

"The market is projected to be valued at over USD 2.90 billion by 2026."

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Statistic 3

"The market is expected to grow at a compound annual growth rate (CAGR) of about 6.8% between 2019 and 2025."

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Statistic 4

"The closed-cell product segment dominates the market with over 50% share in 2017."

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Statistic 5

"The residential wall segment is expected to account for a revenue share of over 25% by 2025."

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Statistic 6

"The U.S. represented over 80% of North America’s spray polyurethane foam market share in 2019."

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Statistic 7

"The residential sector led the spray polyurethane foam market in terms of volume with a share of more than 60% in 2018."

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Statistic 8

"The Asia Pacific market is projected to register a CAGR of over 7% between 2021 and 2026."

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Statistic 9

"China’s construction sector accounted for 16% of GDP in 2017, driving the demand for spray polyurethane foam."

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Statistic 10

"Europe is expected to exhibit a CAGR of 4.5% over the forecast period."

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Statistic 11

"The roof segment was valued at more than USD 360 million in 2019."

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Statistic 12

"The spray polyurethane foam industry in India is likely to achieve a revenue of USD 56 million by 2022."

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Statistic 13

"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."

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Statistic 14

"The Middle East and Africa region, led by Saudi Arabia, had a significant share of the spray polyurethane foam market in 2019."

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Statistic 15

"In 2017, the building and construction application accounted for the largest volume share at more than 30% in the global spray polyurethane foam market."

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Statistic 16

"The open-cell product segment is anticipated to attain a CAGR of 4.5% from 2021 to 2026."

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Statistic 17

"The demand for spray polyurethane foam in Australia was estimated at USD 15 Million in 2019."

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Statistic 18

"In 2017, the residential segment held the largest revenue share, accounting for over 60% of the global market."

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Statistic 19

"In terms of revenue, the insulation application segment is expected to register a CAGR of more than 6% from 2021 to 2028."

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Interpretation

The statistics present a promising outlook for the global spray polyurethane foam industry, with steady growth projected in various regions and segments. The market value is expected to increase substantially by 2026, with strong contributions from key players like the U.S., China, and regions like Latin America and the Middle East. The residential sector and insulation applications are anticipated to drive significant revenue shares, indicating a robust demand for spray polyurethane foam in construction and building projects. With notable growth rates forecasted across different product segments and geographic markets, the industry shows great potential for expansion and development in the coming years.

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