Lucintel Forecasts North American Spray Foam Insulation Market to Reach $1.7 Billion by 2028

According to the recent study the North American spray foam insulation market is projected to reach an estimated $1.7 billion by 2028 from $1.4 billion in 2022, at a CAGR of 3.5% from 2023 to 2028. Growth in this market is primarily driven by increasing building and construction activities, stringent government regulations for energy efficiency, and increasing demand for green building insulation.

Browse 36 figures / charts and 25 tables in this 90-page report to understand trends, opportunities and forecast in North American spray foam insulation market by application (wall insulation, roof insulation, concrete rehabilitation, and others), product type (closed cell and open cell), end use (residential, commercial, and others ), and countries (United States of America, Canada, and Mexico).

 “Wall insulation market is expected to remain the largest segment during the forecast period.”  

Based on application, the North American spray foam insulation market is segmented into wall insulation, roof insulation, concrete rehabilitation, and others. Lucintel forecasts that the wall insulation market is expected to remain the largest segment over the forecast period due to better acoustic and moisture resistant properties of spray foam insulation.

“Within the automotive suspension market, the residential segment is expected to remain the largest end use” 

Based on end use, the residential segment is expected to witness the largest end use industry during the forecast period due to increasing use of green technologies that are incorporated into residential constructions to reduce energy consumption.

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Major players of North American spray foam insulation market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. BASF SE, FFL Partners LLC, Carlisle Companies Inc., and Huntsman Corporation are among the major North American spray foam insulation providers.

This exclusive report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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