According to Global Market Insights Inc., North America spray polyurethane foam for building & construction market may hold a valuation of over USD 989.65 million by 2027.
The rapid upsurge in the construction of residential and commercial spaces since the last few years will help shape North America spray polyurethane foam for building & construction market outlook. Furthermore, the increasing willingness towards renovating and remodeling activities among the urban and semi-urban population across the continent will also bring forth substantial gains to the regional industry in the forthcoming years.
Spray polyurethane foam products are used in constructing walls, ceilings, and basements and are known for their sealing and insulating properties. The products act as a water barrier and provide structural strength to the buildings and other spaces.
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Driven by their energy and cost-effective benefits, the North America spray polyurethane foam market sales may gain major impetus in the forecast timeframe.
High insulation factor to drive sales in the residential housing sector
The increasing number of residential constructions across the region and government initiatives and regulations towards energy usage will have a profound impact on the market outlook in the years ahead.
As per a report by an Environmental Protection Agency, SPF products can lower the energy requirements of a building by 20% on a monthly basis owing to the fact that they help seal air gaps and insulation of buildings. The increasing application of these products in walls and roofs of buildings will thus augment North America spray polyurethane foam for building & construction market growth.
Open-cell SPF products to experience extensive growth
Open cell foams are expected to register significant growth in the projected timeframe; North America open cell SPF for building & construction industry size may register 5% CAGR through 2027, driven by several benefits like good air and water vapor permeability and good sound insulation value. These products are an ideal choice for indoor wall applications in residential and commercial spaces, leading to segment expansion in the coming years.
Commercial roofing segment to propel market growth
The commercial roofing segment was worth over USD 130 million in 2020 and may experience further expansion in the forecast timeframe. The increasing application of these products in public spaces like schools, shopping malls, municipal buildings, and hospitals will strengthen the North America spray polyurethane foam for building & construction market forecast in the years ahead.
Up-to-55-gallon SPF container sales to depict an upsurge
With respect to container size, North America spray polyurethane foam for building & construction market is segmented into 12 – 24 oz. cans, up to 55 gallons, and above 55 gallons. Of these, the up-to 55 gallons segment size my cross 265 kilotons by 2027, becoming one of the major growth drivers in the projected period. Emerging trends in DIY projects and easy availability and installation of products will augment market growth in the years ahead.
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Cartridge foam usage segment on the rise
Driven by the easy availability and application of cartridge foam products, the segment may account for over 10% of the industry share in terms of volume, by 2027. Cartridge foam consists of aerosol cans and newly developed refill guns. They are majorly used in DIY projects and are capable of filling gaps between doors and windows.
The U.S. SPF market will offer lucrative growth opportunities
The U.S. spray polyurethane foam for building & construction market had a revenue share of over USD 500 million by the end of 2020 and is expected to experience substantial growth in the years ahead owing to the higher economic development. Increasing environmental awareness and adoption of green initiatives in building and construction will propel market expansion.
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