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Spray Foam Market - By Product (Open Cell, Closed Cell), Density (Low, Medium, High), By Application (Construction [Residential Commercial], Packaging) & Forecast, 2021-2027

Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction

Publisher : MRA | Format : PDF&Excel

Spray Foam Market - By Product (Open Cell, Closed Cell), Density (Low, Medium, High), By Application (Construction [Residential Commercial], Packaging) & Forecast, 2021-2027

Spray Foam Market - By Product (Open Cell, Closed Cell), Density (Low, Medium, High), By Application (Construction [Residential Commercial], Packaging) & Forecast, 2021-2027

Spray Foam Market Size

Spray Foam Market size was valued at around USD 1.8 billion in 2020 and is estimated to grow at a CAGR of 6.8% from 2021 to 2027 driven by increasing building construction & remodeling activities across the globe. The market size is projected to reach 973.5 Kilo Tons while growing at a CAGR of 5.9%, in terms of volume in the coming years.

Spray foam is commonly used in residential and commercial building construction applications. Spray foam can form continuous insulation and air sealing barriers on walls, roofs, around corners, and other surfaces. Spray foam insulation is used to resist heat transfer and offers a reduction in unnecessary air infiltration.

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The spray foam is gaining demand in building insulation market due to the growing awareness of benefits of insulating buildings and the energy-saving majorly cold weather regions. The U.S. Environment Protection Agency (EPA) estimates suggest that buildings that are insulated and air-sealed can save up to one-fifth of the heating & cooling costs. It is also estimated that highly efficient walls & roofs will allow heating & cooling equipment to be downsized by as much as 35%.

Spray Foam Market Report Attributes
Report Attribute Details
Base Year 2020
Spray Foam Market Size in 2020 1,789.2 Million (USD)
Forecast Period 2021 to 2027
Forecast Period 2021 to 2027 CAGR 6.8%
2027 Value Projection 2,728.9 Million (USD)
Historical Data for 2017 to 2020
No. of Pages 180
Tables, Charts & Figures 190
Segments covered Polymers, Advance Material
Growth Drivers
  • Reviving the building & construction sector
  • Stringent government regulations regarding energy efficiency
  • Increasing urbanization in Latin America
  • Shifting market focus to bio-based products
Pitfalls & Challenges
  • Volatile prices of raw materials
  • Occupational health hazards associated with the product

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Government Initiatives by several countries to expand the public infrastructure coupled with the rising consumer spending power is expected to enhance the construction industry. Spray foam offers higher efficiency as compared to other insulation materials. Spray foam provides lowers utility costs, resistance to moisture vapor, high thermal resistance, and can reduce heat transfer along with insulation.

Spray Foam Market Analysis

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The open cell segment dominates the spray foam market value and will generate around USD 1.4 billion in 2027. The product is used in residential, commercial, industrial, and institutional buildings. It has unique insulating properties, making it ideal for the roofs of new homes and when remodeling an existing home.

Spray foam is used to fill the gaps on walls, attics, etc., in new & old structures; furthermore, they find applications in schools, colleges, and government buildings, such as museums and libraries, as a sealant and insulator. Regions with cold weather are ideal for spray foam application as it keeps building insulated; hence, there will be a lesser requirement for electricity and gas to heat buildings.

The high-density spray foam market share is estimated to grow at a CAGR of 6.4% from 2021 to 2027. The selection of insulation density in spray foams for a project depends on the re-insulating attic or new construction. The density of insulation is majorly related to structural integrity and structural strength of the project. Various spray foam options are available for insulation with unique properties depending upon the densities.

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The residential application in the construction segment will generate a demand for around 500 kilo tons by 2027 owing to the increasing population and easy availability of home loans at low-interest rates have resulted in the rising number of residential buildings. In industrial units, warehouses, factories, etc., the product acts as weatherproof sealants, forming a seamless layer of insulation, filling gaps & seams, and covering irregular & hard-to-insulate shapes. Rising investments in both the manufacturing & service sector of emerging economies will catapult the construction of various commercial & industrial buildings in the near future.

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North America will account for 45% share in the global spray foam market by 2027 due to new commercial building construction & refurbishment projects in the region that witnesses both cold & warm weather conditions across the year. High energy prices are the main concern of the common people in the region. Spray foam is the best suitable solution for such issues. The easy availability of home loans in the region has boosted residential building activities in the country, contributing to spray foam market growth over the forecast timeframe.

Asia Pacific spray foam market is expected to grow at a CAGR of 6.7% through 2027 owing to the rising population in Asia Pacific countries along with improving real income has led to a growing demand for residential buildings. The standards & regulations related to construction are also improving, infusing the usage of spray foam in buildings. The increasing FDI in emerging economies has also catapulted the number of industrial & commercial structures.

Spray Foam Market Share

Large number of small, medium, and international players are operating in the global spray foam industry. Companies are majorly involved in strategic partnerships and mergers & acquisitions to offer competitive benefit along with strengthen their product portfolios.

Key participants are involved in technology advancements & innovations to enhance spray foam features. Some of the major manufacturers include

  • 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
  • Specialty Products, Inc.

The spray foam market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2021 to 2027 for the following segments

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By Product

  • Open cell
  • Close cell

By Density

  • Low
  • Medium
  • High

By Application

  • Construction
    • Residential
    • Commercial
  • Packaging

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

 

Table of Content

Report Content

Chapter 1   Methodology & Scope

1.1    Market definition

1.2    Market estimation & working

1.2.1    North America

1.2.2    Europe

1.2.3    Asia Pacific (APAC)

1.2.4    Latin America (LATAM)

1.2.5    Middle East & Africa (MEA)

1.3    Forecast parameters

1.3.1    COVID-19 impact on industry forecast

1.4    Data Sources

1.4.1    Paid sources

1.4.2    Secondary

1.4.3    Primary

Chapter 2   Executive Summary

2.1    Spray foam market industry 3600 synopsis, 2017 - 2027

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Density trends

2.1.4    Application trends

2.1.5    Regional trends

Chapter 3   Spray Foam Market Industry Insights

3.1    Industry Segmentation

3.2    Industry size & forecast, 2017 - 2027, (USD Billion)

3.3    COVID-19 impact on industry landscape

3.4    Industry Ecosystem Analysis

3.4.1    Parts manufacturers

3.4.2    Profit margin analysis

3.4.3    Distribution channel analysis

3.4.4    COVID-19 impact on distribution analysis

3.4.5    Vendor matrix

3.5    Technology & innovation landscape

3.6    Regulatory landscape

3.6.1    North America

3.6.2    Europe

3.6.3    Asia Pacific

3.6.4    Latin America

3.6.5    MEA

3.7    COVID-19 impact on global end-use industries

3.8    Industry impact forces

3.8.1    Growth drivers

3.8.1.1    Reviving the building & construction sector

3.8.1.2    Stringent government regulations regarding energy efficiency

3.8.1.3    Increasing urbanization in Latin America

3.8.1.4    Shifting market focus to bio-based products

3.8.2    Industry pitfalls & challenges

3.8.2.1    Volatile prices of raw materials

3.8.2.2    Occupational health hazards associated with the product

3.9    Growth potential analysis, 2020

3.10    Porter’s Analysis

3.10.1    Buyer’s power

3.10.2    Supplier’s power

3.10.3    Threat of new entrants

3.10.4    Threat of substitutes

3.11    Product cost analysis

3.11.1    R&D Cost

3.11.2    Manufacturing & equipment cost

3.11.3    Raw material cost

3.11.4    Distribution cost

3.11.5    Operating cost

3.11.6    Miscellaneous cost

3.12    Competitive landscape, 2020

3.12.1    Top players overview, 2020

3.12.2    Strategy dashboard

3.13    PESTLE Analysis

Chapter 4   Spray Foam Market, By Product

4.1    Spray foam market shares by product, 2020 & 2027

4.2    Open cell

4.2.1    Spray foam market estimates and forecast f, 2017 - 2027

4.2.2    Spray foam market estimates and forecast, by region, 2017 - 2027

4.3    Close cell

4.3.1    Spray foam market estimates and forecast f, 2017 - 2027

4.3.2    Spray foam market estimates and forecast, by region, 2017 - 2027

Chapter 5   Spray Foam Market, By Density

5.1    Spray foam market shares by density, 2020 & 2027

5.2    Low

5.2.1    Spray foam market estimates and forecast, 2017 - 2027

5.2.2    Spray foam market estimates and forecast by region, 2017 - 2027

5.3    High

5.3.1    Spray foam market estimates and forecast, 2017 - 2027

5.3.2    Spray foam market estimates and forecast by region, 2017 - 2027

5.4    Medium

5.4.1    Spray foam market estimates and forecast, 2017 - 2027

5.4.2    Spray foam market estimates and forecast by region, 2017 - 2027

Chapter 6   Spray Foam Market, By Application

6.1    Spray foam market shares by application, 2020 & 2027

6.2    Construction

6.2.1    Spray foam market estimates and forecast, 2017 - 2027

6.2.2    Spray foam market estimates and forecast by region, 2017 - 2027

6.3    Residential

6.3.1    Spray foam market estimates and forecast, 2017 - 2027

6.3.2    Spray foam market estimates and forecast by region, 2017 - 2027

6.4    Commercial

6.4.1    Spray foam market estimates and forecast, 2017 - 2027

6.4.2    Spray foam market estimates and forecast by region, 2017 - 2027

6.5    Packaging

6.5.1    Spray foam market estimates and forecast, 2017 - 2027

6.5.2    Spray foam market estimates and forecast by region, 2017 - 2027

Chapter 7   Spray Foam Market, By Region

7.1    Spray foam market shares by region, 2020 & 2027

7.2    North America

7.2.1    Market estimates & forecast, 2017 - 2027

7.2.2    Market estimates & forecast, by product, 2017 - 2027

7.2.3    Market estimates & forecast, by density, 2017 - 2027

7.2.4    Market estimates & forecast, by application, 2017 - 2027

7.2.5    U.S.

7.2.5.1    Market estimates & forecast, 2017 - 2027

7.2.5.2    Market estimates & forecast, by product, 2017 - 2027

7.2.5.3    Market estimates & forecast, by density, 2017 - 2027

7.2.5.4    Market estimates & forecast, by application, 2017 - 2027

7.2.6    Canada

7.2.6.1    Market estimates & forecast, 2017 - 2027

7.2.6.2    Market estimates & forecast, by product, 2017 - 2027

7.2.6.3    Market estimates & forecast, by density, 2017 - 2027

7.2.6.4    Market estimates & forecast, by application, 2017 - 2027

7.3    Europe

7.3.1    Market estimates & forecast, 2017 - 2027

7.3.2    Market estimates & forecast, by product, 2017 - 2027

7.3.3    Market estimates & forecast, by density, 2017 - 2027

7.3.4    Market estimates & forecast, by application, 2017 - 2027

7.3.5    Germany

7.3.5.1    Market estimates & forecast, 2017 - 2027

7.3.5.2    Market estimates & forecast, by product, 2017 - 2027

7.3.5.3    Market estimates & forecast, by density, 2017 - 2027

7.3.5.4    Market estimates & forecast, by application, 2017 - 2027

7.3.6    UK

7.3.6.1    Market estimates & forecast, 2017 - 2027

7.3.6.2    Market estimates & forecast, by product, 2017 - 2027

7.3.6.3    Market estimates & forecast, by density, 2017 - 2027

7.3.6.4    Market estimates & forecast, by application, 2017 - 2027

7.3.7    France

7.3.7.1    Market estimates & forecast, 2017 - 2027

7.3.7.2    Market estimates & forecast, by product, 2017 - 2027

7.3.7.3    Market estimates & forecast, by density, 2017 - 2027

7.3.7.4    Market estimates & forecast, by application, 2017 - 2027

7.3.8    Italy

7.3.8.1    Market estimates & forecast, 2017 - 2027

7.3.8.2    Market estimates & forecast, by product, 2017 - 2027

7.3.8.3    Market estimates & forecast, by density, 2017 - 2027

7.3.8.4    Market estimates & forecast, by application, 2017 - 2027

7.3.9    Spain

7.3.9.1    Market estimates & forecast, 2017 - 2027

7.3.9.2    Market estimates & forecast, by product, 2017 - 2027

7.3.9.3    Market estimates & forecast, by density, 2017 - 2027

7.3.9.4    Market estimates & forecast, by application, 2017 - 2027

7.3.10    Russia

7.3.10   1 Market estimates & forecast, 2017 - 2027

7.3.10   2 Market estimates & forecast, by product, 2017 - 2027

7.3.10   3 Market estimates & forecast, by density, 2017 - 2027

7.3.10   4 Market estimates & forecast, by application, 2017 - 2027

7.4    Asia Pacific

7.4.1    Market estimates & forecast, 2017 - 2027

7.4.2    Market estimates & forecast, by product, 2017 - 2027

7.4.3    Market estimates & forecast, by density, 2017 - 2027

7.4.4    Market estimates & forecast, by application, 2017 - 2027

7.4.5    China

7.4.5.1    Market estimates & forecast, 2017 - 2027

7.4.5.2    Market estimates & forecast, by product, 2017 - 2027

7.4.5.3    Market estimates & forecast, by density, 2017 - 2027

7.4.5.4    Market estimates & forecast, by application, 2017 - 2027

7.4.6    India

7.4.6.1    Market estimates & forecast, 2017 - 2027

7.4.6.2    Market estimates & forecast, by product, 2017 - 2027

7.4.6.3    Market estimates & forecast, by density, 2017 - 2027

7.4.6.4    Market estimates & forecast, by application, 2017 - 2027

7.4.7    Australia

7.4.7.1    Market estimates & forecast, 2017 - 2027

7.4.7.2    Market estimates & forecast, by product, 2017 - 2027

7.4.7.3    Market estimates & forecast, by density, 2017 - 2027

7.4.7.4    Market estimates & forecast, by application, 2017 - 2027

7.4.8    Indonesia

7.4.8.1    Market estimates & forecast, 2017 - 2027

7.4.8.2    Market estimates & forecast, by product, 2017 - 2027

7.4.8.3    Market estimates & forecast, by density, 2017 - 2027

7.4.8.4    Market estimates & forecast, by application, 2017 - 2027

7.4.9    Indonesia

7.4.9.1    Market estimates & forecast, 2017 - 2027

7.4.9.2    Market estimates & forecast, by product, 2017 - 2027

7.4.9.3    Market estimates & forecast, by density, 2017 - 2027

7.4.9.4    Market estimates & forecast, by application, 2017 - 2027

7.4.10    Malaysia

7.4.10.1    Market estimates & forecast, 2017 - 2027

7.4.10.2    Market estimates & forecast, by product, 2017 - 2027

7.4.10.3    Market estimates & forecast, by density, 2017 - 2027

7.4.10.4    Market estimates & forecast, by application, 2017 - 2027

7.5    Latin America

7.5.1    Market estimates & forecast, 2017 - 2027

7.5.2    Market estimates & forecast, by product, 2017 - 2027

7.5.3    Market estimates & forecast, by density, 2017 - 2027

7.5.4    Market estimates & forecast, by application, 2017 - 2027

7.5.5    Brazil

7.5.5.1    Market estimates & forecast, 2017 - 2027

7.5.5.2    Market estimates & forecast, by product, 2017 - 2027

7.5.5.3    Market estimates & forecast, by density, 2017 - 2027

7.5.5.4    Market estimates & forecast, by application, 2017 - 2027

7.5.6    Mexico

7.5.6.1    Market estimates & forecast, 2017 - 2027

7.5.6.2    Market estimates & forecast, by product, 2017 - 2027

7.5.6.3    Market estimates & forecast, by density, 2017 - 2027

7.5.6.5    Market estimates & forecast, by application, 2017 - 2027

7.6    Middle East & Africa

7.6.1    Market estimates & forecast, 2017 - 2027

7.6.2    Market estimates & forecast, by product, 2017 - 2027

7.6.3    Market estimates & forecast, by density, 2017 - 2027

7.6.4    Market estimates & forecast, by application, 2017 - 2027

7.6.5    South Africa

7.6.5.1    Market estimates & forecast, 2017 - 2027

7.6.5.2    Market estimates & forecast, by product, 2017 - 2027

7.6.5.3    Market estimates & forecast, by density, 2017 - 2027

7.6.5.4    Market estimates & forecast, by application, 2017 - 2027

7.6.6    Saudi Arabia

7.6.6.1    Market estimates & forecast, 2017 - 2027

7.6.6.2    Market estimates & forecast, by product, 2017 - 2027

7.6.6.3    Market estimates & forecast, by density, 2017 - 2027

7.6.6.6    Market estimates & forecast, by application, 2017 - 2027

7.6.7    UAE

7.6.7.1    Market estimates & forecast, 2017 - 2027

7.6.7.2    Market estimates & forecast, by product, 2017 - 2027

7.6.7.3    Market estimates & forecast, by density, 2017 - 2027

7.6.7.4    Market estimates & forecast, by application, 2017 - 2027

7.6.8    South Africa

7.6.8.1    Market estimates & forecast, 2017 - 2027

7.6.8.2    Market estimates & forecast, by product, 2017 - 2027

7.6.8.3    Market estimates & forecast, by density, 2017 - 2027

7.6.8.4    Market estimates & forecast, by application, 2017 - 2027

Chapter 8   Company Profiles

8.1    Carlisle Companies

8.1.1    Business Overview

8.1.2    Financial Data

8.1.3    Product Landscape

8.1.4    Strategic Outlook

8.1.5    SWOT Analysis

8.2    CertainTeed Corporation

8.2.1    Business Overview

8.2.2    Financial Data

8.2.3    Product Landscape

8.2.4    Strategic Outlook

8.2.5    SWOT Analysis

8.3    BASF SE

7.3.1    Business Overview

7.3.2    Financial Data

7.3.3    Product Landscape

7.3.4    Strategic Outlook

7.3.5    SWOT Analysis

8.4    Demilec (Huntsman Building Solutions)

8.4.1    Business Overview

8.4.2    Financial Data

8.4.3    Product Landscape

8.4.4    Strategic Outlook

8.4.5    SWOT Analysis

8.5    Purios

8.5.1    Business Overview

8.5.2    Financial Data

8.5.3    Product Landscape

8.5.4    Strategic Outlook

8.5.5    SWOT Analysis

8.6    Techno Foam Co., Ltd. (TFC)

8.6.1    Business Overview

8.6.2    Financial Data

8.6.3    Product Landscape

8.6.4    Strategic Outlook

8.6.5    SWOT Analysis

8.7    Synthesia Technology

8.7.1    Business Overview

8.7.2    Financial Data

8.7.3    Product Landscape

8.7.4    Strategic Outlook

8.7.5    SWOT Analysis

8.8    Isothane Ltd.

8.8.1    Business Overview

8.8.2    Financial Data

8.8.3    Product Landscape

8.8.4    Strategic Outlook

8.8.5    SWOT Analysis

8.9    Genyk

8.9.1    Business Overview

8.9.2    Financial Data

8.9.3    Product Landscape

8.9.4    Strategic Outlook

8.9.5    SWOT Analysis

8.10    SWD Urethane

8.10.1    Business Overview

8.10.2    Financial Data

8.10.3    Product Landscape

8.10.4    Strategic Outlook

8.10.5    SWOT Analysis

  • 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
  • Specialty Products, Inc.

Table of Content

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