Stratview Research delivers key insights on the global Rigid Spray Polyurethane Foam Market. According to Stratview Research, the market is segmented By Application (Wall, Roof, Floor), By End-Use (Commercial, Residential, Industrial, Agricultural, Institutional), and Region.

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.

Market Insights

The report suggests that the overall Rigid Spray Polyurethane Foam market is projected to grow from USD 451.2 million in 2020 to USD 542.9 million by 2026 at a CAGR of over 3.2% during the forecast period.

Market Segments' Analysis

Based on end-use, the global rigid spray polyurethane foam market has been classified into commercial, residential, industrial, agricultural, and institutional. Under these, the commercial segment held the largest market share of more than 32% in 2020 and is likely to grow at a considered CAGR during the forecast period. Rigid spray polyurethane foam is widely used for insulation and preventing cracks in building interiors and exterior owing to their antibacterial and water-resistant characteristics, thereby bolstering the segment growth.

By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Supportive government protocols related to energy-efficient buildings and infrastructures in the US are likely to promulgate the product demand. Significant demand for rigid SPF from rising commercial and residential construction projects further proliferates the regional market growth.

Key Players

The following are some of the key players in the Rigid Spray Polyurethane Foam Market:

  • BASF SE (Germany)
  • Covestro AG (Germany)
  • Huntsman (US)
  • Dow (US)
  • Duna Corradini (Italy)
  • Novomer (US)
  • Nanjing Hongbaoli (China)
  • Wanhua Chemical (China)
  • Lecron Energy Saving Materials (China)
  • Huafon (China)

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

  • What is the global demand for Rigid Spray Polyurethane Foam Market in terms of revenue?
  • Which are the prominent players in the market?
  • At what CAGR is the market projected to grow within the forecast period?
  • What are the driving factors fuelling the growth of the market?
  • Which region accounted for the largest share in the market?
  • How did the Covid19 impacted the market?
  • How long will it take to recover from the Covid impact?

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