Spray Polyurethane Foam Market To Reach $3.3 Billion by 2031, Driven by Construction Industry Demand for Effective and Affordable Insulation
• The spray polyurethane foam market size was $1.8 billion in 2021 and is expected to reach $3.3 billion by 2031, growing at a CAGR of 7% • Rising construction industry driving demand for insulating materials like polyurethane foam for walls and roofs • Polyurethane foam provides good thermal insulation, moisture resistance, and flexibility at a cost-effective price • Asia Pacific accounts for the largest 42.5% share of the global market, expected to grow at 11.5% CAGR • Key players include Huntsman International, Dow Chemical, Carlisle Spray Foam Insulation, BASF, and Covestro