Market Report

Spray Polyurethane Foam Market Overview Spray Polyurethane Foam Market size is forecast to reach $9.7 billion by 2026, after growing at a CAGR of 4.5% during 2021-2026. Globally, the increasing usage of spray polyurethane foam for thermal insulation and energy savings in the building and construction industry, as well as for weight reduction in the transportation industry, is propelling the market growth. Rising demand for raw materials such as methylene diphenyl diisocyanate for the production of spray polyurethane foam to provide superior spray foam insulation in various applications has raised the growth of the market. Furthermore, due to the lightweight and easy use, spray polyurethane foams are also increasingly used in the packaging industry which is further estimated to drive new opportunities for the growth of the global spray polyurethane foams industry in the forecast era. Impact of Covid-19 The pandemic situation created a strong impact on the spray polyurethane foam demand...