According to a new market report published by Lucintel, the future of the spray foam insulation market looks promising with opportunities in the residential, commercial, and other end use industries. The global spray foam insulation market is expected to reach an estimated $2.1 billion by 2023 with a CAGR of 5.4% from 2018 to 2023. The major growth drivers for this market are the stringent government regulation towards the reduction of greenhouse gas emission and to increase energy efficiency in homes and buildings.
Browse 132 market data tables and 157 figures spread through 241 pages and in-depth TOC on “Global Spray Foam Insulation Market”
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In this market, spray foam insulation is used in the wall, roof, concrete rehabilitation, and marine application to reduce energy consumption and to provide acoustic and moisture resistance. Lucintel forecasts that wall insulation is expected to remain the largest application and to witness the highest growth over the forecast period supported by increasing demand of energy efficient insulation for home and building structures.
Within the spray foam insulation market, residential is expected to remain the largest end use industry and to witness the highest growth in the forecast period due to growth in potential homeowners who are looking for eco-friendly and energy efficient insulation for their homes and buildings.
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North America is expected to remain the largest market and to witness the highest growth over the forecast period supported by increasing residential construction and government regulations for energy efficiency.
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Emerging trends, which have a direct impact on the dynamics of the industry, include the development of fourth generation blowing agent and increasing green building insulation which focus on energy conservation and sustainable building practices. BASF, FFL Partners, Carlisle, Sun Capital, and Saint-Gobain are among the major suppliers of spray foam insulation.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global spray foam insulation market by application, end use industry, product type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Spray Foam Insulation Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global spray foam insulation market by application, end use industry, product type, and region as follows:
By Application [Volume (M lbs) and $M shipment analysis for 2012 – 2023]:
- Wall Insulation
- Roof Insulation
- Concrete Rehabilitation
By End Use Industry [Volume (M lbs) and $M shipment analysis for 2012 – 2023]:
By Product Type [Volume (M lbs) and $M shipment analysis for 2012 – 2023]:
- Closed Cell
- Open Cell
By Region [Volume (M lbs) and $M shipment analysis for 2012 – 2023]:
- North America
− United Kingdom
- Asia Pacific
- The Rest of the World
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This 241-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/spray-foam-insulation-market.aspx helpdesk@Lucintel.com
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global spray foam insulation market by product type (closed cell and open cell), end use industry (residential, commercial, and others), application (wall insulation, roof insulation, concrete rehabilitation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?
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