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Spray Foam Market Trends

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

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Spray Foam Market Trends

The spray foam industry is evolving with key trends shaping its growth. Retrofit and renovation projects are increasingly adopting spray foam insulation to improve energy efficiency in older buildings without major structural changes. This trend is evident in both residential and commercial sectors. Simultaneously, manufacturers are developing safer and more environmentally friendly products, reducing harmful chemicals like VOCs and ozone-depleting agents. The shift towards greener options, including water-blown and plant-based materials, is driven by regulations and consumer demand. Technological innovations are also expanding spray foam applications, with new formulations offering better thermal resistance, moisture control, and fire resistance for energy-efficient and eco-conscious building projects.

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.