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Spray Foam Market Share

Report ID: GMI5165
Published Date: Nov 2024
Report Format: PDF

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Spray Foam Market Share

Global Spray Foam Company Market Share Analysis, (2023)

The spray foam industry is fragmented, with prominent players holding a revenue share of 10%-15%. Companies are increasingly focusing on innovation, sustainability, and expanding their market presence through collaborations and technological advancements. Manufacturers are striving to develop high-performance products that meet stringent environmental regulations while addressing the growing demand for energy-efficient building solutions. Companies are also leveraging strategic partnerships with research institutions and construction firms to enhance their product offerings and drive market expansion.

Spray Foam Market Companies

Major players operating in the spray foam industry include:

BASF SE
Carlisle Companies Incorporated
CertainTeed LLC
Compagnie de Saint-Gobain S.A.
Covestro AG
Demilec (USA) Inc.
Dow Inc.
Gaco Western LLC
Henry Company LLC
Honeywell International, Inc.
Huntsman Corporation
IKO Industries Ltd.
Johns Manville Corporation
Rhino Linings Corporation
Sika AG

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Spray foam market is slated to surpass $2,728.9 million by 2027 and will witness a CAGR of 6.8% from 2021 to 2027 with the rising building construction and remodeling activities across the globe.

Spray foam is majorly used in residential and commercial building construction applications owing to its ability to form continuous insulation and air sealing barriers on walls, roofs, around corners, and other surfaces.

The residential application segment will generate a demand for around 500 kilo tons by 2027 with rising construction activities in this sector driven by increasing population and easy availability of home loans at low-interest rates.

North America will capture around 45% share of global spray foam market by 2027 owing to the increasing commercial building construction activities and refurbishment projects in the region.

Key participants involved in spray foam industry are BASF, CertainTeed, Demilec, Carlisle Companies, Purees, Techno Foam Co., Ltd., Synthesia Technology, Isothane Ltd., Genyk, SWD Urethane, International Cellulose Corp., Icynene, Inc., Accella, Rhino Linings Corporation, and Specialty Products, Inc., among others.