According to a new market report published by Lucintel, the future of the spray foam equipment market looks promising with opportunities in the residential, industrial, and commercial industry. The global spray foam equipment market is expected to reach an estimated $2.7 billion by 2027 with a CAGR of 6.3% from 2021 to 2027. The major drivers for this market are the stringent government regulations towards the reduction of greenhouse gas emission and growing demand for automobiles in automotive industry.
In this market, spray foam equipment is used in the wall, roof, concrete rehabilitation, and other applications to reduce energy consumption and to provide acoustic and moisture resistance. Lucintel forecasts that wall insulation is expected to remain the largest application segment, and this segment is projected to witness the highest growth over the forecast period, supported by increasing demand for energy-efficient insulation for home and building structures.
Within the spray foam equipment market, residential is expected to remain the largest infrastructure type, and it will witness the highest growth in the forecast period due to growth in potential homeowners who are looking for eco-friendly and energy efficient insulation for their homes and buildings.
North America is expected to remain the largest market over the forecast period, supported by increasing residential construction and government regulations for energy efficiency.
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of fourth generation blowing agent and increasing green building insulation which focus on energy conservation and sustainable building practices. Graco, Intech Equipment and Supply, Spray foam Systems, Vag Polytech Private Limited, Demilec, Specialty Products, Bayer, and Profoam Corporation are among the major suppliers of spray foam equipment.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global spray foam equipment market by application, infrastructure type, product type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Spray Foam Equipment Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global spray foam equipment market by application, infrastructure type, product type, and region as follows:
By Application [Volume (M lbs) and $M shipment analysis for 2016 – 2027]:
·Wall Insulation
·Roof Insulation
·Concrete Rehabilitation
·Others
By Infrastructure Type [Volume (M lbs) and $M shipment analysis for 2016 – 2027]:
·Residential
·Commercial
·Industrial
By Product Type [Volume (M lbs) and $M shipment analysis for 2016 – 2027]:
·Closed Cell
·Open Cell
By Region [Volume (M lbs) and $M shipment analysis for 2016 – 2027]:
·North America
− USA
− Canada
− Mexico
·Europe
− Germany
− France
− United Kingdom
− Russia
− Spain
− Italy
·Asia Pacific
− China
− Japan
− India
·The Rest of the World
− Brazil
− UAE
Browse 132 market data tables and 157 figures spread through 241 pages and in-depth TOC on “Global Spray Foam Equipment Market"
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global spray foam equipment market by product type (closed cell and open cell), infrastructure type (residential, commercial, and industrial), application (wall insulation, roof insulation, concrete rehabilitation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in this market?