Global Spray Foam Insulation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Spray Foam Insulation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Spray foam insulation is a popular alternative to traditional insulation materials such as glass and metal. It is also commonly referred to as spray polyurethane foam insulation (SPFI) and is often installed in new construction, refurbishment and refurbishment. Sprayed foam insulation solves the problem of building insulation design because it combines proven thermal protection while providing excellent air barrier properties. Spray foam insulation materials include open-cell and closed-cell foam insulation materials. Open-cell insulation is lightweight foam that remains soft and resilient. Closed-cell spray foam is a high-density product that hardens and is durable after curing. It is a more expensive product and can also be used as a moisture barrier. Compared to open-cell foam, it is more suitable for basement and foundation applications.

A common application of spray foam insulation is commercial and industrial roof and wall insulation. Compared to other materials, spray foam insulation takes up less wall space. It meets specifications and completely fills the wall, thus saving energy and money. Over time, foam spray solutions can reduce the cost of repairs and maintenance of various infrastructures. Spray foam insulation is also used in engineering solutions for foundation, building, road and concrete repairs.

Market Overview:

The latest research study on the global Spray Foam Insulation market finds that the global Spray Foam Insulation market reached a value of USD 2581.5 million in 2022. It’s expected that the market will achieve USD 3682.86 million by 2028, exhibiting a CAGR of 6.1% during the forecast period.

Increased construction activity has stimulated the development of the foam insulation industry

Emerging trends directly affect the development of the foam insulation material industry, including the development of the fourth generation foaming agent and the increase in green building insulation materials. The boom in spray-foam insulation is directly related to the recent surge in potential homeowners who have chosen high-performance environmentally friendly technologies for their homes. The use of green technologies has also been incorporated into commercial and office buildings to reduce energy consumption and increase consumer appeal. It is expected that changes to building codes around the world will greatly affect the demand for spray foam insulation. Building improvements and upgrades and increased construction activity in the Asia Pacific and Los Angeles areas will drive demand for spray foam insulation.

Strict government regulations and increased insulation requirements have driven demand for foam spray insulation

With the rapid growth of the North American construction industry, the market is expected to grow significantly, driven by the use of foam spray insulation and a new technology called Wall Injection in the United States to transform existing wall structures. As demand for roof insulation continues to increase throughout the region and ceiling level insulation requirements continue to increase, North American consumption is expected to follow closely behind. Due to the increasing use of foam spray insulation in existing and new building applications that comply with UK new building regulations, the European market will develop rapidly. Strict government regulations designed to reduce greenhouse gas emissions and increase energy efficiency in houses and buildings. In addition, government departments are supporting energy efficiency, and demand for foam insulation materials in government construction projects will also increase.

The harm of spray foam insulation to human body will be the main challenge facing the industry.

Spray foam insulation needs to be cured before it is used, and the gases emitted by the process can cause blurred vision and difficulty breathing, which is expected to limit market growth. Fluctuations in raw material prices will be a major concern for spray foam manufacturers. Raw materials used to produce spray foam, such as MDI (methylene diphenyl diisocyanate) and TDI (toluene diisocyanate), cause serious health-related problems, including asthma and skin irritation. This may hinder the growth of the global spray foam market over the forecast period. In addition, fire safety regulations will pose a more serious challenge to the spray foam insulation market.

Region Overview:

North America dominated the Spray Foam Insulation market in 2022, with a market share of 56.83%.

Company Overview:

Dow Chemical is one of the major players operating in the Spray Foam Insulation market, holding a share of 20.31% in 2023.

Dow Chemical

The Dow Chemical Company operates as a chemical company. The Company manufactures specialty chemicals, rubber, agro-science, and plastic materials. Dow Chemical serves the packaging, infrastructure, agricultural, and consumer care industries worldwide.

Carlisle Polyurethane System (Former Accella)

Carlisle Polyurethane Systems TM is a leading manufacturer of custom formulated polyurethane system solutions. Carlisle Polyurethane Systems TM specializes in foam, surface and specialty coatings, adhesives, casting resins, adhesives, sealants and elastomers.

Segmentation Overview:

Among different product types, Closed Cell segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Roof Insulation segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Spray Foam Insulation market covered in Chapter 3:

Icynene Lapolla (Huntsman)
NCFI Polyurethanes
Rhino Linings Corporation
Carlisle Polyurethane System (Former Accella)
Nippon Aqua
Demilec (Huntsman)
CertainTeed Corporation (Saint-Gobain)
BASF Corporation
Dow Chemical

In Chapter 4 and Chapter 14.2, on the basis of types, the Spray Foam Insulation market from 2018 to 2029 is primarily split into:

Closed Cell
Open Cell

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Spray Foam Insulation market from 2018 to 2029 covers:

Wall Insulation
Roof Insulation
Concrete Rehabilitation
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)