Spray Foam Insulation Market, By Type (Open Cell Spray Foam and Closed Cell Spray Foam), By Application (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

Global spray foam insulation market is estimated to be valued at USD 2.97 Bn in 2024 and is expected to reach USD 4.12 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 2.97 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	4.80%	2031 Value Projection:	US$ 4.12 Bn

Figure. Spray Foam Insulation Market Share (%), By Region, 2024

Spray foam insulation is a type of insulation system that can insulate all shapes and sizes of buildings, both small spaces and larger buildings. It is a modern insulation method that uses a two-part liquid, which reacts and forms rigid polyurethane foam when sprayed. This spray foam expands up to 100 times its original volume to form a high-density coating that adheres to almost any surface. It helps improve energy efficiency by providing air sealing and an insulating barrier to limit heat transfer via conduction, convection and air leakage. With properties such as high R-value per inch, durability, moisture resistance, and air sealing ability, spray foam insulation has become a preferred choice for both residential and commercial building owners globally.

Market Dynamics:

Global spray foam insulation market growth is driven by its advantages such as improved energy efficiency, minimization of heat loss and gain, durability, and moisture resistance. Moreover, stringent government regulations towards electricity conservation and growing population sensibility regarding use of sustainable insulation materials can also drive the market growth. However, high initial costs of spray foam machines and raw material can hamper the market growth. Development of bio-based spray foam formulations using agricultural byproducts presents lucrative opportunities for market players during the forecast period.

Key features of the study:

This report provides in-depth analysis of the global spray foam insulation market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global spray foam insulation market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include BASF Corporation, Demilec, Johns Manville, Icynene-Lapolla, Lapolla, Covestro, Henry Company, Greer Spray Foam Ltd, Gaco Western, Sika AG, Foam Supplies, Inc., CertainTeed, Rmax, ThermalGuard, Tremco, BASF's ENERTITE, Spray Foam Systems, Kool Foam, R-Tech, and Insulation Corporation of America
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global spray foam insulation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global spray foam insulation market

Detailed Segmentation-

Type Insights (Revenue, USD Bn, 2019 - 2031)
- Open Cell Spray Foam
- Closed Cell Spray Foam
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Residential
- Commercial
- Industrial
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- BASF Corporation
- Demilec
- Johns Manville
- Icynene-Lapolla
- Lapolla
- Covestro
- Henry Company
- Greer Spray Foam Ltd
- Gaco Western
- Sika AG
- Foam Supplies, Inc.
- CertainTeed
- Rmax
- ThermalGuard
- Tremco
- BASF's ENERTITE
- Spray Foam Systems
- Kool Foam
- R-Tech
- Insulation Corporation of America

Product Code: CMI7388

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Spray Foam Insulation Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Spray Foam Insulation Market - COVID-19
Impact Analysis

5. Global Spray Foam Insulation Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Open Cell Spray Foam
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Closed Cell Spray Foam
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. Global Spray Foam Insulation Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Residential
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Commercial
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Industrial
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Global Spray Foam Insulation Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (US$ Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- BASF Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Demilec
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Johns Manville
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Icynene-Lapolla
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Lapolla
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Covestro
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Henry Company
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Greer Spray Foam Ltd
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Gaco Western
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Sika AG
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Foam Supplies, Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- CertainTeed
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Rmax
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- ThermalGuard
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Tremco
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- BASF's ENERTITE
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Spray Foam Systems
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Kool Foam
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- R-Tech
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Insulation Corporation of America
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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