Spray Polyurethane Foam is one of the fastest-growing products in building and construction, and demand is expected to increase in 2010, a new market survey reports.
The $680 million North American SPF insulation and roofing business has taken market share from conventional insulation types such as fiberglass and cellulose, reports a forthcoming study by Principia Partners of Exton, Pa., an international business consulting firm.
Increasing awareness of SPF benefits among contractors, architects, builders and applicators is driving the growing market.
Demand for SPF is split evenly between residential and commercial uses, with existing construction projects accounting for about two-thirds of the market in 2008, the report said.
Overall demand for SPF in 2009 is projected to be lower as compared to 2008 but is expected to rebound to 2008 levels in 2010.
SPF is viewed at the top of the pyramid of “green” building products for three main reasons:
• Efficiency. Energy efficiency of SPF is often better than competitive insulation products.
• Functionality. SPF provides a moisture barrier as well as thermal barrier.
• Content. Many commercial products today contain renewable bio-based polyols.
SPF in Insulation & Roofing 2009 includes assessment of the 2008 market and products and 2009 estimates; market share for leading SPF producers; profiles of leading companies; and analysis of this growth segment of the insulation and roofing categories.
For more information, visit the Industry Reports section of the Publishing category at www.PrincipiaConsulting.com. A prospectus of this study is also available by calling 800-378-8330, extension 238.