Spray Polyurethane Foam Market to Develop at 7% CAGR owing to Surging Demand from the Construction Market
A recently released report by Transparency Market Research (TMR) forecasts that the global spray polyurethane foam market will expand at a CAGR of 7% from 2013 to 2019. TMR, a market intelligence firm, states that by 2020, the global spray polyurethane foam market will reach US$1823 million by the end of the forecast period from US$1135.3 million in 2012. The report, titled ‘ Spray Polyurethane Foam (Open Cell, Closed Cell and Others) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019 ’, is available for sale on the company website. According to this market research report, the global spray polyurethane foam market is mainly driven by rising demand from the rapidly expanding construction market, greater focus on energy efficiency, and the widespread implementation of stringent government regulations. Spray polyurethane foam is derived from the mixing of polyols and isocyanates in the presence of catalysts. This foam is generally used...