Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1512036
PUBLISHER: Grand View Research | PRODUCT CODE: 1512036
Spray Foam Market Size, Share & Trends Analysis Report By Product (Open Cell, Closed Cell), By Density (High, Low, Medium), By Application (Construction, Packaging), By Region, And Segment Forecasts, 2024 - 2030
PUBLISHED:
PAGES: 90 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
Spray Foam Market Growth & Trends:
The global spray foam market size is anticipated to reach USD 3.63 billion by 2030, registering a CAGR of 6.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly attributed to the increasing adoption of insulation products in the building & construction industry. Moreover, growing residential & commercial sectors are expected to fuel the demand for spray foams. Increasing investments in housing units, industrial buildings, and infrastructure are propelling the growth of the construction industry, which fuels the demand for spray foam.
Increasing demand for green and safer buildings, owing to the presence of stringent government regulations and rising environmental concerns, is prominently fueling the market growth. This is expected to create lucrative growth opportunities for market players over the coming years. Europe is a prominent market for spray foams with the growing need for insulation due to the weather conditions. A strong economy and increasing government spending on infrastructural development are anticipated to fuel the construction industry, which is expected to propel the demand for spray foam in Germany and the UK over the forecast period.
The global market for spray foam displays a moderate level of fragmentation, characterized by the presence of numerous small and large players. This competitive landscape encourages firms to adopt various strategies, such as product differentiation, mergers, acquisitions, and research and development, to gain a competitive edge. For example, on November 14, 2023, DAP, a leader in construction products and home improvement industry, transformed spray foam application with the introduction of the first of its kind 1-Component broadcast spray foam: Wall & Cavity Foam with Wide Spray Applicator.
Spray Foam Market Report Highlights:
- The open cell product segment dominated the market with the highest revenue share of 67.2% in 2023, owing to properties, such as flexibility and softness, which make them suitable for use in residential roofs & walls. They further improve soundproofing and are installed with minimal labor cost.
- Low-density spray foam insulation is commonly used for interior applications and other applications, including unvented attics, wall cavities, ducts, basement walls, roof decks, ceilings, and crawl spaces. Additionally, low-density spray foam insulation is frequently used during construction to fill wall cavities.
- North America dominated the market with a revenue share of 42.50% in 2023, which is attributed to increased product demand from countries, such as the U.S. and Canada.
- The construction sector in Asia Pacific is witnessing rapid expansion, driven by substantial infrastructural projects, focus on affordable housing units, and adoption of green building technology.
Product Code: GVR-4-68040-302-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Spray Foam Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Foam Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Manufacturing/ Technology Trends
- 3.2.2. Sales Channel Analysis
- 3.2.3. List of Potential End-Users
- 3.3. Regulatory Framework, By Regions
- 3.4. Price Trend Analysis, 2018 - 2030
- 3.4.1. Factors Influencing Prices
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. Macro-environmental Analysis
Chapter 4. Spray Foam Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. Open Cell
- 4.2.1. Spray Foam Market Estimates & Forecast, by Open Cell, 2018 to 2030 (USD Million) (Kilotons)
- 4.3. Closed Cell
- 4.3.1. Spray Foam Market Estimates and Forecasts, by Closed Cell, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Spray Foam Market: Density Estimates & Trend Analysis
- 5.1. Density Movement Analysis & Market Share, 2023 & 2030
- 5.2. Low
- 5.2.1. Low Density Spray Foam Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Medium
- 5.3.1. Medium Density Spray Foam Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. High
- 5.4.1. High Density Spray Foam Market Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Spray Foam Market: Application Estimates & Trend Analysis
- 6.1. Application Movement Analysis & Market Share, 2023 & 2030
- 6.2. Construction
- 6.2.1. Spray Foam Market Estimates & Forecast, by Construction, 2018 to 2030 (USD Million) (Kilotons)
- 6.3. Packaging
- 6.3.1. Spray Foam Market Estimates & Forecast, in Packaging, 2018- 2030 (USD Million) (Kilotons)
Chapter 7. Spray Foam Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.2. North America
- 7.2.1. North America Spray Foam Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.2. U.S.
- 7.2.2.1. Key country dynamics
- 7.2.2.2. U.S. Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.3. Canada
- 7.2.3.1. Key country dynamics
- 7.2.3.2. Canada Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.2.4. Mexico
- 7.2.4.1. Key country dynamics
- 7.2.4.2. Mexico Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3. Europe
- 7.3.1. Europe Spray Foam Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.2. Germany
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Germany Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.3. UK
- 7.3.3.1. Key country dynamics
- 7.3.3.2. UK Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.4. France
- 7.3.4.1. Key country dynamics
- 7.3.4.2. France Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.5. Italy
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Italy Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.3.6. Spain
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Spain Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Spray Foam Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.2. China
- 7.4.2.1. Key country dynamics
- 7.4.2.2. China Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.3. India
- 7.4.3.1. Key country dynamics
- 7.4.3.2. India Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.4. Japan
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Japan Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.4.5. South Korea
- 7.4.5.1. Key country dynamics
- 7.4.5.2. South Korea Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5. Central & South America
- 7.5.1. Central & South America Spray Foam Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.2. Brazil
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Brazil Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.5.3. Argentina
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Argentina Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.6. Middle East & Africa
- 7.6.1. Middles East & Africa Spray Foam Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Saudi Arabia Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 7.6.3. South Africa
- 7.6.3.1. Key country dynamics
- 7.6.3.2. South Africa Spray Foam Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 8. Spray Foam Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Share/Position Analysis, 2023
- 8.4. Company Heat Map Analysis
- 8.5. Strategy Mapping
- 8.6. Company Profiles
- 8.6.1. BASF SE
- 8.6.1.1. Participant's overview
- 8.6.1.2. Financial performance
- 8.6.1.3. Product benchmarking
- 8.6.1.4. Recent developments
- 8.6.2. Huntsman International LLC
- 8.6.2.1. Participant's overview
- 8.6.2.2. Financial performance
- 8.6.2.3. Product benchmarking
- 8.6.2.4. Recent developments
- 8.6.3. Johns Manville
- 8.6.3.1. Participant's overview
- 8.6.3.2. Financial performance
- 8.6.3.3. Product benchmarking
- 8.6.3.4. Recent developments
- 8.6.4. Dow
- 8.6.4.1. Participant's overview
- 8.6.4.2. Financial performance
- 8.6.4.3. Product benchmarking
- 8.6.4.4. Recent developments
- 8.6.5. CertainTeed LLC
- 8.6.5.1. Participant's overview
- 8.6.5.2. Financial performance
- 8.6.5.3. Product benchmarking
- 8.6.5.4. Recent developments
- 8.6.6. Covestro AG
- 8.6.6.1. Participant's overview
- 8.6.6.2. Financial performance
- 8.6.6.3. Product benchmarking
- 8.6.6.4. Recent developments
- 8.6.7. Honeywell International Inc.
- 8.6.7.1. Participant's overview
- 8.6.7.2. Financial performance
- 8.6.7.3. Product benchmarking
- 8.6.7.4. Recent developments
- 8.6.8. NCFI Polyurethanes
- 8.6.8.1. Participant's overview
- 8.6.8.2. Financial performance
- 8.6.8.3. Product benchmarking
- 8.6.8.4. Recent developments
- 8.6.9. Henry Company
- 8.6.9.1. Participant's overview
- 8.6.9.2. Financial performance
- 8.6.9.3. Product benchmarking
- 8.6.9.4. Recent developments
- 8.6.10. RHH Foam Systems
- 8.6.10.1. Participant's overview
- 8.6.10.2. Financial performance
- 8.6.10.3. Product benchmarking
- 8.6.10.4. Recent developments
- 8.6.11. Rhino Linings Corporation
- 8.6.11.1. Participant's overview
- 8.6.11.2. Financial performance
- 8.6.11.3. Product benchmarking
- 8.6.11.4. Recent developments
- 8.6.1. BASF SE
Product Code: GVR-4-68040-302-1
List of Tables
- Table 1 List of Potential End-users
- Table 2 Regulatory Framework, by Regions
- Table 3 U.S. Macroeconomic Outlay
- Table 4 Canada Macroeconomic Outlay
- Table 5 Mexico Macroeconomic Outlay
- Table 6 Germany Macroeconomic Outlay
- Table 7 UK Macroeconomic Outlay
- Table 8 France Macroeconomic Outlay
- Table 9 Italy Macroeconomic Outlay
- Table 10 Spain Macroeconomic Outlay
- Table 11 China Macroeconomic Outlay
- Table 12 India Macroeconomic Outlay
- Table 13 Japan Macroeconomic Outlay
- Table 14 South Korea Macroeconomic Outlay
- Table 15 Brazil Macroeconomic Outlay
- Table 16 Argentina Macroeconomic Outlay
- Table 17 Saudi Arabia Macroeconomic Outlay
- Table 18 South Africa Macroeconomic Outlay
- Table 19 Participant's Overview
- Table 20 Financial Performance
- Table 21 Product Benchmarking
- Table 22 Company Heat Map Analysis
- Table 23 Key Strategy Mapping
List of Figures
- Fig. 1 Spray Foam Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Spray Foam Market Snapshot
- Fig. 7 Spray Foam Market Segmental Outlook, 2023 (USD Million)
- Fig. 8 Spray Foam Market: Competitive Insights
- Fig. 9 Global Spray Foam Market, 2023 (USD Million) (Kilotons)
- Fig. 10 Global Spray Foam Market Value Chain Analysis
- Fig. 11 Spray Foam Market Dynamics
- Fig. 12 Spray Foam Market: Porter's Analysis
- Fig. 13 Spray Foam Market: Pestel Analysis
- Fig. 14 Spray Foam Market Analysis & Segment Forecast, By Product, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 15 Spray Foam Market Analysis & Segment Forecast, By Open Cell, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 16 Spray Foam Market Analysis & Segment Forecast, By Closed Cell, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 17 Spray Foam Market Analysis & Segment Forecast, By Density, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 18 Low Density Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 19 Medium Density Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 20 High Density Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 21 Spray Foam Market Analysis & Segment Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 22 Spray Foam Market Analysis & Segment Forecast, in Construction, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 23 Spray Foam Market Analysis & Segment Forecast, in Packaging, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 24 Spray Foam Market, By Region, 2023 & 2030 (%)
- Fig. 25 North America Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 26 U.S. Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 27 Canada Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 28 Mexico Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 29 Europe Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 30 Germany Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 31 UK Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 32 France Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 33 Italy Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 34 Spain Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 35 Asia Pacific Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 36 China Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 37 India Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 38 Japan Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 39 South Korea Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 40 Central & South America Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 41 Brazil Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 42 Argentina Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 43 Middle East & Africa Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 44 Saudi Arabia Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 45 South Africa Spray Foam Market Analysis & Segment Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 46 Spray Foam Market: Company Categorization
- Fig. 47 Spray Foam Market: Company Market Positioning Analysis
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.