Spray Polyurethane Foam Market to rise to a valuation of US$1,823.0 mn by 2019 | Page 2

Spray Polyrethane Foam Market REPORT DESCRIPTION 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 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=2174 North America to Emerge as Leading Consumer of Spray Polyurethane The 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 2 Transparency Market Research