(MENAFN- PR Newswire)
DUBLIN, Aug. 3, 2023 /PRNewswire/ -- The "global overview of the spray polyurethane foam (spf) and one component foam (ocf) markets - 8th edition " report has been added to
ResearchAndMarkets.com's offering.
Spray polyurethane foam (SPF) is a versatile building material that can be applied to a range of surfaces and irregular shapes in situ to provide thermal and acoustic insulation. Global SPF production grew by 0.4% in 2022 to reach 756,000 tonnes. This modest growth was mainly due to the significant decline in production in China, caused by the country's ongoing pandemic restrictions and zero-COVID policy, which impacted the construction projects in the country. There were also contractions in other key markets, such as Poland, Russia and Spain, which contributed to this.
The US remains, by far, the largest SPF manufacturer in the world, with China in second place. There is, however, a stark contrast between the performance of the SPF market in the two countries, with strong growth in the US, driven by the ongoing demand for efficient insulation, and stagnation in China, caused by a slowdown of the economy and construction sector, as well as stricter fire regulations. In the past five years, China's share of global production has halved, whereas the US's has increased steadily.
Western Europe continues to possess the largest SPF production in EMEA. In recent times, growth in Western Europe has been slower than Central and Eastern Europe due to the region's maturity and saturation. However, political instability in Turkey from 2018 and the ongoing Russia-Ukraine conflict have caused Central and Eastern Europe's markets to suffer.
The Middle East's production has developed rapidly in recent years, owing to the performances of both Saudi Arabia and the UAE. Saudi Arabia has one of the fastest-growing construction industries in the world due to its array of mega projects, which has resulted in strong growth for the SPF market, and this is anticipated to continue over the forecast period. Africa has shown steady growth, with most production coming from North Africa.
Global SPF demand increased by 0.4% in 2022, following an increase of 6.2% in 2021 as the market began to recover from the pandemic. As with SPF production, the US and China have the largest demand. China's demand has been declining every year and this is anticipated to persist over the forecast period.
Report Scope
The 8th edition of this report provides historical production and demand data from 2018 to 2021, along with the 2022 base year. It also includes forecasts from 2023 to 2027. The data is analyzed based on regions, countries, and product types, such as SPF and OCF. Additionally, the report covers raw materials used in the production of SPF and OCF, including PMDI, Polyols (Polyether and Polyester), and other materials.
The report highlights the key findings, including the global production and demand for SPF and OCF in 2022 and forecasts up to 2027. It also provides insights into major geographic regions and countries with the highest demand for SPF and OCF.
The report provides an overview of the technical background of Spray Polyurethane Foam (SPF) and One Component Foam (OCF). It also examines the raw materials used in their production, such as PMDI and Polyols.
Global Supply & Demand
The report reviews the global trends and issues in the SPF and OCF industries, including the production and demand data for SPF and OCF in various regions and countries. It explores the growth and challenges faced by key markets like Western Europe, Central & Eastern Europe, Middle East & Africa, Americas, and Asia-Pacific.
Profiles of Major Manufacturers
The report features profiles of major manufacturers in the SPF and OCF industries including:
Carlisle Polyurethane Systems Achilles Corporation Akkim Construction Chemicals Arkema BASF Polyurethane Foam Enterprises LLC Covestro Dow Chemical Huntsman Corporation Grupo Plasfi Sl Henkel Huntsman Building Solutions Jihua Chemical Ltd. Nestaan North Carolina Foam Industries Polypag Selena Group Shanghai Fengjing Building Material Ltd. Shanghai Haohai Chemical Co. Ltd. Soudal Nv Synthesia Technology Wolf Group - Krimelte
For more information about this report visit
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo:
SOURCE Research and Markets