Lucintel’s latest market report analyzed that spray foam insulation provides attractive opportunities in the residential, commercial, and other end use industries. The spray foam insulation market is expected to reach $2.1 billion by 2025 with a CAGR of 6.1%. In this market, wall insulation is the largest segment by application, whereas residential is largest by end use industry. The development of fourth generation blowing agent and increasing green building insulation which focus on energy conservation and sustainable building practices provides strategic growth path in this market.
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Based on application, the spray foam insulationmarket is segmented into wall insulation, roof insulation, concrete rehabilitation, and others. The wall insulation segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR over the forecast period supported by increasing demand of energy efficient insulation for home and building structures.
Browse in-depth TOC on “Spray Foam Insulation Market”
132 – Tables
157 – Figures
The spray foam insulation market is marked by the presence of several big and small players. Some of the prominent players offering spray foam insulation include BASF, FFL Partners, Carlisle, Sun Capital, and Saint-Gobain are among the major suppliers of spray foam insulation.
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