| Product Code: ETC8633019 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of polyurethane spray foam insulation to Nigeria in 2024 saw a diverse mix of top exporting countries including Italy, Greece, UAE, India, and Egypt. Despite the variety of sources, the market remained relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) for the period 2020-24 was -3.16%, indicating a slight decline in demand over the years. Moreover, the growth rate from 2023 to 2024 stood at -7.86%, suggesting a challenging trend that importers and manufacturers in this sector may need to address.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Polyurethane Spray Foam Insulation Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Polyurethane Spray Foam Insulation Market - Industry Life Cycle |
3.4 Nigeria Polyurethane Spray Foam Insulation Market - Porter's Five Forces |
3.5 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume Share, By Category, 2021 & 2031F |
3.7 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume Share, By Density, 2021 & 2031F |
4 Nigeria Polyurethane Spray Foam Insulation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient and sustainable construction practices in Nigeria |
4.2.2 Growth in the construction industry and infrastructure development projects |
4.2.3 Rising awareness about the benefits of polyurethane spray foam insulation in terms of energy savings and environmental impact |
4.3 Market Restraints |
4.3.1 High initial installation costs of polyurethane spray foam insulation |
4.3.2 Limited availability of skilled professionals for installation and maintenance of spray foam insulation |
4.3.3 Fluctuating raw material prices impacting overall product costs |
5 Nigeria Polyurethane Spray Foam Insulation Market Trends |
6 Nigeria Polyurethane Spray Foam Insulation Market, By Types |
6.1 Nigeria Polyurethane Spray Foam Insulation Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume, By Two-component High-pressure, 2021- 2031F |
6.1.4 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume, By Two-component Low-pressure, 2021- 2031F |
6.1.5 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume, By One Component Foam, 2021- 2031F |
6.2 Nigeria Polyurethane Spray Foam Insulation Market, By Category |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume, By Close-cell Foam, 2021- 2031F |
6.2.3 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume, By Open-cell Foam, 2021- 2031F |
6.3 Nigeria Polyurethane Spray Foam Insulation Market, By Density |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume, By High (> 2 lbs/cubic ft.), 2021- 2031F |
6.3.3 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume, By Medium (> 0.5 to 2 lbs/cubic ft.), 2021- 2031F |
6.3.4 Nigeria Polyurethane Spray Foam Insulation Market Revenues & Volume, By Low (Up to 0.5 lbs/cubic ft.), 2021- 2031F |
7 Nigeria Polyurethane Spray Foam Insulation Market Import-Export Trade Statistics |
7.1 Nigeria Polyurethane Spray Foam Insulation Market Export to Major Countries |
7.2 Nigeria Polyurethane Spray Foam Insulation Market Imports from Major Countries |
8 Nigeria Polyurethane Spray Foam Insulation Market Key Performance Indicators |
8.1 Energy savings achieved by buildings after the installation of polyurethane spray foam insulation |
8.2 Number of construction projects incorporating polyurethane spray foam insulation |
8.3 Growth in the number of trained professionals and contractors offering polyurethane spray foam insulation services |
9 Nigeria Polyurethane Spray Foam Insulation Market - Opportunity Assessment |
9.1 Nigeria Polyurethane Spray Foam Insulation Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Polyurethane Spray Foam Insulation Market Opportunity Assessment, By Category, 2021 & 2031F |
9.3 Nigeria Polyurethane Spray Foam Insulation Market Opportunity Assessment, By Density, 2021 & 2031F |
10 Nigeria Polyurethane Spray Foam Insulation Market - Competitive Landscape |
10.1 Nigeria Polyurethane Spray Foam Insulation Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Polyurethane Spray Foam Insulation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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