What Fueled The Previous Growth In The Spray Foam Insulation Market?
The spray foam insulation market has seen considerable growth due to a variety of factors.
• In recent times, the market size of spray foam insulation has experienced robust growth. A rise from $2.3 billion in 2024 to $2.46 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.0%, is projected.
This growth over the past period has been driven by a range of factors including government support for energy-efficient building materials, growing desire for zero-energy houses, increasing urbanization, a surge in renovation and retrofitting projects, new home constructions, and a growing trend in DIY utilization.
How Does the Forecast Look for the Spray Foam Insulation Market?
The spray foam insulation market is expected to maintain its strong growth trajectory in upcoming years.
• In the ensuing years, the spray foam insulation market is anticipated to witness robust expansion. The market is predicted to balloon to $3.18 billion by 2029, registering a compound annual growth rate (CAGR) of 6.7%.
The projected growth during this period can be ascribed to escalating construction activities, heightened awareness regarding energy-efficient insulation, burgeoning demand for environment-friendly insulation materials, and a growing regulatory emphasis on curtailing carbon emissions in construction. Predominant trends during this forecast period encompass technology amalgamation in application systems, implementation of smart sensors for quality assurance, advancements in foam longevity, and the combination of spray foam with renewable energy systems.
What Are The Leading Drivers Of Growth In The Spray Foam Insulation Market?
The expansion of the spray foam insulation market is set to be propelled by a surge in construction activities. The construction process, which refers to the assembly or building of infrastructures including buildings, roads, and bridges, is made up of planning, designing, and executing stages. Rapid urbanization is fueling the rise in construction activities by increasing the need for housing and infrastructure. Additionally, government initiatives are contributing to this rise by investing in major infrastructure projects in a bid to boost economic growth. Spray foam insulation aids in enhancing energy efficiency in buildings through effective thermal insulation and air sealing, which in turn reduce energy costs and improve indoor air quality by warding off drafts and moisture infiltration. For instance, the Office for National Statistics - a government department based in the UK, reported that in May 2024, there was a 15.9% increase in total new construction orders in Quarter 1 2024, translating to a £1,436 million ($1,920 million) rise compared to Quarter 4 2023. As such, the surge in construction activities is driving the growth of the spray foam insulation market.
How Are The Segments Defined Within The Global Spray Foam Insulation Market?
The spray foam insulationmarket covered in this report is segmented –
1) By Foam Type: Closed-Cell, Open-Cell
2) By Density: High, Medium, Low
3) By Application: Wall Insulation, Attic Insulation, Roof Insulation, Concrete Rehabilitation, Other Applications
4) By End-Use Industry: Packaging, Building And Construction, Automotive And Transportation, Electrical And Electronics, Consumer Goods, Medical, Other End-Use Industries
Subsegments:
1) By Closed-Cell: High-Density Closed-Cell Foam, Medium-Density Closed-Cell Foam, Low-Density Closed-Cell Foam
2) By Open-Cell: High-Density Open-Cell Foam, Medium-Density Open-Cell Foam, Low-Density Open-Cell Foam
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Which Emerging Market Trends Are Altering The Spray Foam Insulation Industry?
In the spray foam insulation market, leading companies are concentrating their efforts on the creation of unique solutions, such as spray polyurethane foam insulation, in order to promote sustainability and improve energy efficiency in the field of construction. Spray polyurethane foam insulation is a light yet sturdy foam substance produced by combining polyol resin and isocyanate. It expands when applied, offering superior thermal resistance, air sealing capabilities, and moisture defense in a range of construction settings. For example, Huntsman Building Solutions (HBS), a U.S. manufacturer of polyurethane spray foam products, rolled out a new product in June 2024: the Icynene Xpress 55. This open-cell, spray polyurethane foam insulation is purposely designed for unventilated attics and crawl spaces. Despite its low density, this product provides outstanding thermal performance—R-3.7 at 1 inch and R-13 at 3.5 inches—and is capable of adhering strongly to a variety of substrates, additionally helping reduce outside noise and pollution. The Icynene Xpress 55 meets the strict fire safety standards set out by the International Building Code and is in accordance with AC-377 Appendix X, which negates the necessity for an ignition barrier in utility-only attics.
Who Are the Key Players In The Spray Foam Insulation Market?
Major companies operating in the spray foam insulation marker are:
• BASF SE
• Dow Inc.
• Honeywell International Inc.
• 3M Company
• Covestro AG
• DuPont de Nemours Inc.
• Sika AG
• Owens Corning
• Kingspan Group plc
• Huntsman Corporation
• RPM International
• Sealed Air Corporation
• CertainTeed
• Tremco Incorporated
• ArmorThane
• Assured Insulation Solutions
• Everchem Specialty Chemicals
• FOAMETIX
• Green Insulation
• Lapolla Industries
• Pacific Avenue Capital Partners LLC
• Shakun Industries
• Weatherization Services Inc.
What Is The Most Dominant Region In The Spray Foam Insulation Market?
North America was the largest region in the spray foam insulation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the spray foam insulation marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
