Spray Polyurethane Foam Market 2016 Industry Size, Shares, Segment & Forecast up to 2020

Deerfield Beach, FL -- (SBWire) -- 07/07/2016 --Spray Polyurethane Foam (Open Cell, Closed Cell and Others) Market for Residential Walls, Residential Roofing, Commercial Walls, Commercial Roofing and Other Applications- Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020

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Zion Research has published a new report titled "Spray Polyurethane Foam (Open Cell, Closed Cell and Others) Market for Residential Walls, Residential Roofing, Commercial Walls, Commercial Roofing and Other Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014–2020." According to the report, the global spray polyurethane foam market was valued at USD 1.30 billion in 2014 and is anticipated to reach USD 1.90 billion by 2020, growing at a CAGR of 7% between 2014 and 2020. In terms of volume, the global spray polyurethane foam market stood at 530 kilo tons in 2014.

Spray polyurethane foam commonly denoted to as SPF. SPF is a spray-applied plastic that can form a constant insulation and air sticking on around corners, walls, roofs, and on all contoured surfaces. Polyurethane foam is commonly used in wall insulation, roofing, manufactured homes, seal cracks and gaps containers and Warehouses. Spray polyurethane foam is made by reacting isocyanates such as MDI (Methylene diphenyl diisocyanate) and polyols in the presence of catalysts and blowing agents. MDI (Methylene diphenyl diisocyanate), TDI (Toluene diisocyanate), polyols and amines are the key raw materials of SPF.

Browse the full "Spray Polyurethane Foam (Open Cell, Closed Cell and Others) Market for Residential Walls, Residential Roofing, Commercial Walls, Commercial Roofing and Other Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014–2020" report at http://www.marketresearchstore.com/report/spray-polyurethane-foam-market-for-residential-walls-residential-z37622

Spray polyurethane foam market is mainly driven by strong demand from construction industry. Spray polyurethane foam is widely used in construction industry in various applications such as insulation, sealing, etc. With the revival of global economy, global construction industry is expected to witness surge in the years to come. Moreover, rising demand for green buildings in North America and Europe is expected to further fuel growth of spray polyurethane foam market. However, volatile raw materials prices are expected to be major concern for SPF manufacturers. Moreover, raw materials such as MDI and TDI that are used in the production of SPF cause severe health hazards including asthma and skin irritation. This may affect growth of SPF market.

Open cell are closed cell are the key product segment of spray polyurethane foam market. The open cell SPF dominated the market and accounted for over 45% of the total volume consumed in 2014. Spray polyurethane foam market is mainly driven by open cell SPF and closed cell SPF. Open cell SPF are expected to grow faster as compared to other product segments.

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