Spray,Polyurethane,Foam,Prolif business, insurance Spray Polyurethane Foam:Proliferating Need for Energy-effici

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The competition in the global spray polyurethane foam market is intense as it is dominated by a few leading players, states Transparency Market Research (TMR) in a new report. Leading companies are focusing on establishing strategic alliances with distributors and contractors in order to capitalize on the opportunities arising from developing countries in Asia Pacific and Rest of the World. Moreover, companies are striving to gain a competitive edge over each other by developing advanced and customized products for specific applications. The top three companies, BASF Corporation, Demilec, and Icynene, held a share of approximately 53.7% in 2012 in the global spray polyurethane foam market. The global spray polyurethane foam market is projected to expand at a CAGR of 7.0% from 2013 to 2019. In terms of revenue, the market worth US$1,383.0 mn in 2015 and is likely to rise to a valuation of US$1,823.0 mn by the end of 2019. Based on application, the residential roofing segment emerged dominant with a share of 32.2% in 2012 and is anticipated to maintain a lead by accounting for 30.1% in 2019. Although, the residential roofing segment is likely to witness slow growth as compared to other applications. The declining number of construction activities in North America is expected to highly affect the growth of the residential roofing segment in the forthcoming years.View Exclusive Global Strategic Business Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2174North America to Emerge as Leading Consumer of Spray PolyurethaneThe consumption of spray polyurethane foam in North America was 249.5 kilo tons in 2015 and is anticipated to rise to 319.7 kilo tons by the end of 2019. The growth of the spray polyurethane foam market in North America can be attributed to the development of new infrastructure and renovation of existing in the region. It is projected that the demand for spray polyurethane foam will further intensify in North America future owing to the government regulations imposed on construction companies to build energy efficient infrastructure in old commercial and residential structures.Growth of Construction Industry to Bode Well for Spray Polyurethane Foam MarketAccording to a TMR analyst, “Approximately 90% of the global spray polyurethane foam is used by the buildings and construction industry for various construction activities. The growth of the global spray polyurethane foam market is highly dependent on the demand from the construction industry. Spray polyurethane foams are environment friendly which makes them suitable for application in green constructions as well.”Moreover, rising concerns regarding energy efficient structures coupled with government regulations against the use of chemical foam products in construction activities are further anticipated to drive the consumption of spray polyurethane foam globally. The shortage of energy has impelled people across the world to opt for alternative sources of energy or to renovate the existing infrastructure of their buildings towards being more energy efficient. Spray polyurethane foam helps cover cracks and holes in ceilings and walls and insulate structures thus preventing energy loss. To meet the government energy efficiency standards in buildings, construction companies are increasing the adoption if spray polyurethane foams.Browse The Full Article Here: http://www.transparencymarketresearch.com/spray-polyurethane-foam-market.htmlVolatile Prices of Raw Materials to Negatively Impact Production of Spray Polyurethane FoamThe materials used in the production of spray polyurethane foam are derivatives of crude oil. The uncertain supply of crude oil has been affecting the production of spray polyurethane foams over the last few years. Moreover, due the oligopolistic nature of the crude oil market, the price of crude oil is always at a fluctuating state. The prices of derivatives of crude oil such as TDI and MDI which are used as additives in spray polyurethane foams are highly volatile in nature. As a result of this, the production of spray polyurethane foam is expected to be extensively affected over the next couple of years.However, manufacturers of spray polyurethane foam can expect to gain lucrative growth opportunities arising from the development of bio-based spray polyurethane foams. To meet the prevailing environmental standards, companies such as Rhino Linings are focusing on the development of soy-based spray polyurethane foam as a substitute of the traditional ones.This report segments the global spray polyurethane foam market as follows:Spray Polyurethane Foam  Market: Product Segment AnalysisOpen CellClosed CellOthers (Including high density spray polyurethane foam, one component foam, etc.)Spray Polyurethane Foam Market: Application AnalysisResidential wallsResidential roofingCommercial wallsCommercial roofingOthers (Including Medical, Telecom, Transportation, etc.)The review is based on a 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 Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”