Spray Foam Insulation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Spray foam insulation is a well-known substitute for traditional insulation materials, including glass and metal. It is also often related to Spray Polyurethane Foam Insulation (SPFI) and is routinely placed in new builds, renovations, and retrofits. Spray foam insulation solves building insulation design problems, considering it combines proven thermal protection while allowing superior air barrier properties. Spray foam insulation includes open cell also closed-cell foam insulation.
MARKET DYNAMICS
The spray foam market has witnessed significant growth owing to factors such as wider application in building and construction, automotive and transportation, electricals and electronics, packaging, and others. The increasing demand for spray foam insulation is interconnected with the growth of the homeowners that have great potential and that are looking out for environment-friendly technologies in their houses. The factors that are leading the growth of the market spray foam insulation are the stringent regulations that are executed on the building codes and the easy applicability. In the Asia Pacific region, the market is growing attributable to the growing investments that are formed for industrial development by emerging nations such as China and India. However, the regulations that are implemented on fire safety may hamper the growth of the spray foam market. Nevertheless, with the steady growth in the construction industry and automotive industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Spray Foam Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the spray foam market with detailed market segmentation by type, application, end-use industry, and geography. The global spray foam market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading spray foam market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global spray foam market is segmented on the basis of application and end-use industry. The spray foam market on the basis of the application is classified into wall insulation, roof insulation, concrete rehabilitation, and others. Based on end-use industry, global spray foam market is bifurcated into building and construction, automotive and transportation, electricals and electronics, packaging, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global spray foam market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The spray foam market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report also includes the profiles affecting the spray foam market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the spray foam market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global spray foam market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The spray foam market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report also includes the profiles affecting the spray foam market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the spray foam market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global spray foam market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from spray foam market are anticipated to lucrative growth opportunities in the future with the rising demand for spray foam in the global market. Below mentioned is the list of few companies engaged in the spray foam market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the spray foam market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Bayer Material Science
- CertainTeed Corporation
- Demilec
- Icynene Inc.
- Lapolla Industries Inc.
- NCFI Polyurethanes
- Premium Spray Products
- Rhino Linings Corporation
- The Dow Chemical Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
This text is related
to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Spray Foam Insulation Market - By Application
1.3.2 Spray Foam Insulation Market - By End-Use-Industry
1.3.3 Spray Foam Insulation Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPRAY FOAM INSULATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SPRAY FOAM INSULATION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SPRAY FOAM INSULATION MARKET - GLOBAL MARKET ANALYSIS
6.1. SPRAY FOAM INSULATION - GLOBAL MARKET OVERVIEW
6.2. SPRAY FOAM INSULATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SPRAY FOAM INSULATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. WALL INSULATION
7.3.1. Overview
7.3.2. Wall Insulation Market Forecast and Analysis
7.4. ROOF INSULATION
7.4.1. Overview
7.4.2. Roof Insulation Market Forecast and Analysis
7.5. CONCRETE REHABILITATION
7.5.1. Overview
7.5.2. Concrete Rehabilitation Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SPRAY FOAM INSULATION MARKET - REVENUE AND FORECASTS TO 2028 - END-USE-INDUSTRY
8.1. OVERVIEW
8.2. END-USE-INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. BUILDING AND CONSTRUCTION
8.3.1. Overview
8.3.2. Building and Construction Market Forecast and Analysis
8.4. AUTOMOTIVE AND TRANSPORTATION
8.4.1. Overview
8.4.2. Automotive and Transportation Market Forecast and Analysis
8.5. ELECTRICALS AND ELECTRONICS
8.5.1. Overview
8.5.2. Electricals and Electronics Market Forecast and Analysis
8.6. PACKAGING
8.6.1. Overview
8.6.2. Packaging Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. SPRAY FOAM INSULATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Spray Foam Insulation Market Overview
9.1.2 North America Spray Foam Insulation Market Forecasts and Analysis
9.1.3 North America Spray Foam Insulation Market Forecasts and Analysis - By Application
9.1.4 North America Spray Foam Insulation Market Forecasts and Analysis - By End-Use-Industry
9.1.5 North America Spray Foam Insulation Market Forecasts and Analysis - By Countries
9.1.5.1 United States Spray Foam Insulation Market
9.1.5.1.1 United States Spray Foam Insulation Market by Application
9.1.5.1.2 United States Spray Foam Insulation Market by End-Use-Industry
9.1.5.2 Canada Spray Foam Insulation Market
9.1.5.2.1 Canada Spray Foam Insulation Market by Application
9.1.5.2.2 Canada Spray Foam Insulation Market by End-Use-Industry
9.1.5.3 Mexico Spray Foam Insulation Market
9.1.5.3.1 Mexico Spray Foam Insulation Market by Application
9.1.5.3.2 Mexico Spray Foam Insulation Market by End-Use-Industry
9.2. EUROPE
9.2.1 Europe Spray Foam Insulation Market Overview
9.2.2 Europe Spray Foam Insulation Market Forecasts and Analysis
9.2.3 Europe Spray Foam Insulation Market Forecasts and Analysis - By Application
9.2.4 Europe Spray Foam Insulation Market Forecasts and Analysis - By End-Use-Industry
9.2.5 Europe Spray Foam Insulation Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Spray Foam Insulation Market
9.2.5.1.1 Germany Spray Foam Insulation Market by Application
9.2.5.1.2 Germany Spray Foam Insulation Market by End-Use-Industry
9.2.5.2 France Spray Foam Insulation Market
9.2.5.2.1 France Spray Foam Insulation Market by Application
9.2.5.2.2 France Spray Foam Insulation Market by End-Use-Industry
9.2.5.3 Italy Spray Foam Insulation Market
9.2.5.3.1 Italy Spray Foam Insulation Market by Application
9.2.5.3.2 Italy Spray Foam Insulation Market by End-Use-Industry
9.2.5.4 United Kingdom Spray Foam Insulation Market
9.2.5.4.1 United Kingdom Spray Foam Insulation Market by Application
9.2.5.4.2 United Kingdom Spray Foam Insulation Market by End-Use-Industry
9.2.5.5 Russia Spray Foam Insulation Market
9.2.5.5.1 Russia Spray Foam Insulation Market by Application
9.2.5.5.2 Russia Spray Foam Insulation Market by End-Use-Industry
9.2.5.6 Rest of Europe Spray Foam Insulation Market
9.2.5.6.1 Rest of Europe Spray Foam Insulation Market by Application
9.2.5.6.2 Rest of Europe Spray Foam Insulation Market by End-Use-Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Spray Foam Insulation Market Overview
9.3.2 Asia-Pacific Spray Foam Insulation Market Forecasts and Analysis
9.3.3 Asia-Pacific Spray Foam Insulation Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Spray Foam Insulation Market Forecasts and Analysis - By End-Use-Industry
9.3.5 Asia-Pacific Spray Foam Insulation Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Spray Foam Insulation Market
9.3.5.1.1 Australia Spray Foam Insulation Market by Application
9.3.5.1.2 Australia Spray Foam Insulation Market by End-Use-Industry
9.3.5.2 China Spray Foam Insulation Market
9.3.5.2.1 China Spray Foam Insulation Market by Application
9.3.5.2.2 China Spray Foam Insulation Market by End-Use-Industry
9.3.5.3 India Spray Foam Insulation Market
9.3.5.3.1 India Spray Foam Insulation Market by Application
9.3.5.3.2 India Spray Foam Insulation Market by End-Use-Industry
9.3.5.4 Japan Spray Foam Insulation Market
9.3.5.4.1 Japan Spray Foam Insulation Market by Application
9.3.5.4.2 Japan Spray Foam Insulation Market by End-Use-Industry
9.3.5.5 South Korea Spray Foam Insulation Market
9.3.5.5.1 South Korea Spray Foam Insulation Market by Application
9.3.5.5.2 South Korea Spray Foam Insulation Market by End-Use-Industry
9.3.5.6 Rest of Asia-Pacific Spray Foam Insulation Market
9.3.5.6.1 Rest of Asia-Pacific Spray Foam Insulation Market by Application
9.3.5.6.2 Rest of Asia-Pacific Spray Foam Insulation Market by End-Use-Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Spray Foam Insulation Market Overview
9.4.2 Middle East and Africa Spray Foam Insulation Market Forecasts and Analysis
9.4.3 Middle East and Africa Spray Foam Insulation Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Spray Foam Insulation Market Forecasts and Analysis - By End-Use-Industry
9.4.5 Middle East and Africa Spray Foam Insulation Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Spray Foam Insulation Market
9.4.5.1.1 South Africa Spray Foam Insulation Market by Application
9.4.5.1.2 South Africa Spray Foam Insulation Market by End-Use-Industry
9.4.5.2 Saudi Arabia Spray Foam Insulation Market
9.4.5.2.1 Saudi Arabia Spray Foam Insulation Market by Application
9.4.5.2.2 Saudi Arabia Spray Foam Insulation Market by End-Use-Industry
9.4.5.3 U.A.E Spray Foam Insulation Market
9.4.5.3.1 U.A.E Spray Foam Insulation Market by Application
9.4.5.3.2 U.A.E Spray Foam Insulation Market by End-Use-Industry
9.4.5.4 Rest of Middle East and Africa Spray Foam Insulation Market
9.4.5.4.1 Rest of Middle East and Africa Spray Foam Insulation Market by Application
9.4.5.4.2 Rest of Middle East and Africa Spray Foam Insulation Market by End-Use-Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Spray Foam Insulation Market Overview
9.5.2 South and Central America Spray Foam Insulation Market Forecasts and Analysis
9.5.3 South and Central America Spray Foam Insulation Market Forecasts and Analysis - By Application
9.5.4 South and Central America Spray Foam Insulation Market Forecasts and Analysis - By End-Use-Industry
9.5.5 South and Central America Spray Foam Insulation Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Spray Foam Insulation Market
9.5.5.1.1 Brazil Spray Foam Insulation Market by Application
9.5.5.1.2 Brazil Spray Foam Insulation Market by End-Use-Industry
9.5.5.2 Argentina Spray Foam Insulation Market
9.5.5.2.1 Argentina Spray Foam Insulation Market by Application
9.5.5.2.2 Argentina Spray Foam Insulation Market by End-Use-Industry
9.5.5.3 Rest of South and Central America Spray Foam Insulation Market
9.5.5.3.1 Rest of South and Central America Spray Foam Insulation Market by Application
9.5.5.3.2 Rest of South and Central America Spray Foam Insulation Market by End-Use-Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SPRAY FOAM INSULATION MARKET, KEY COMPANY PROFILES
11.1. BASF SE
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAYER MATERIAL SCIENCE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CERTAINTEED CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DEMILEC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ICYNENE INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LAPOLLA INDUSTRIES INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NCFI POLYURETHANES
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PREMIUM SPRAY PRODUCTS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RHINO LININGS CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE DOW CHEMICAL COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. BASF SE
2. Bayer Material Science
3. CertainTeed Corporation
4. Demilec
5. Icynene Inc.
6. Lapolla Industries Inc.
7. NCFI Polyurethanes
8. Premium Spray Products
9. Rhino Linings Corporation
10. The Dow Chemical Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.