Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.39 Billion | USD 2.71 Billion | 6.35% | 2021 |
FrequentlyAsked Questions
The global spray foam insulation market is projected to grow owing to the increasing demand to achieve energy efficiency in residential and commercial spaces. Due to poor infrastructure, most spaces are unable to maintain a constant room temperature due to small cavities in walls, floors, or other parts of the living space.
According to Zion Market Research, the global spray foam insulation market size was worth around USD 1.39 billion in 2021 and is predicted to grow to around USD 2.71 billion by 2028 with a compound annual growth rate (CAGR) of roughly 6.35% between 2022 and 2028.
The global spray foam insulation market is projected to be dominated by North America with more than 43% of the global market share due to deep product penetration and the presence of multiple key players in the United States, a major revenue generator for the regional market growth.
The global spray foam insulation market is led by players like EnergyGuard Foam Insulators, Huntsman International LLC., NCFI Polyurethanes, Covestro AG, BASF SE, LP, Lapolla Industries, and Recticel.
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