The North America spray polyurethane foam for building & construction market is projected to exhibit strong growth by 2027 owing to prevalent product demand in the region.

Spray polyurethane foam (SPF) roofing is utilized in a wide range of agricultural, commercial, residential, and industrial applications. Recently, industry players have been employing various strategies to improve their market standing, thereby bolstering overall business growth.

For instance, in May 2020, Huntsman Corporation, Texas-based SPF manufacturer Demilec’s parent company, branded its SPF business as Huntsman Building Solutions (HBS). The SPF brand was established when Huntsman took over Icynene-Lapolla, the North American SPF firm, in February 2020, and combined it with Demilec, which it had acquired back in 2018.

The North America spray polyurethane foam for building & construction market has been segmented based on product, application, container size, usage, and country. In terms of product, the market has further been categorized into closed cell, open cell, and others.

The closed cell sub-segment is expected to showcase significant growth at a CAGR of nearly 6% through the assessment timeframe. Closed cell products are widely used in roofing applications owing to excellent thermal resistance properties, which is set to fuel segmental development over the following years.

With respect to application, the market has been bifurcated into residential roofing, residential walls, commercial roofing, commercial walls, below grade commercial, and below grade residential. The below grade residential sub-segment is projected to grow at a CAGR of approximately 4.4% over the study timeline to attain a notable valuation by the end of 2027. Stringent energy codes in the region require insulating below grade walls to enhance energy usage of homes in most climate zones of the U.S., which is slated to support segmental growth through the analysis period.

On the basis of container size, the North America spray polyurethane foam for building & construction industry has been segregated into 12 - 24 oz cans, above 55 gallons, and up to 55 gallons. The up to 55 gallons sub-segment dominated the market with over 70% revenue share in 2020 and is slated to expand at a robust pace over 2021-2027. Most manufacturers offer their products in 5 gallons and 55 gallons as standard packaging sizes, which is likely to boost segmental uptake in the coming years.

By usage, the market has been divided into 2-part kits, cartridge foam, and others. In 2020, the 2-part kits sub-segment generated around USD 130 million in terms of revenue and is calculated to exhibit substantial growth through the review period. These kits are widely used due to their ease of handling and transportation, which is foreseen to propel segmental demand in the forthcoming years.

From the perspective of country, the Canada spray polyurethane foam for building & construction industry is anticipated to register a CAGR of nearly 5% over the forecast timeline. Mounting number of ongoing housing and commercial construction projects, along with wide presence of regional & international manufacturers in the country, is speculated to foster product outlook in the country in the future.