Spray Foam Global Market Report 2025

The spray foam market size has grown strongly in recent years. It will grow from $2.95 billion in 2024 to $3.16 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth during the historic period can be attributed to factors such as increasing demand for energy efficiency, expansion of the construction industry, growing environmental concerns, rising fuel costs, heightened awareness of insulation benefits, and efforts to reduce labor costs.

The spray foam market size is expected to see strong growth in the next few years. It will grow to $4.1 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth anticipated in the forecast period can be attributed to factors such as increasing demand for energy-efficient buildings, expanding construction activities, stricter environmental regulations, government incentives promoting green buildings, growing awareness of sustainability, and rising demand in emerging markets. Key trends during this period include the development of bio-based spray foam formulations, the use of digital and automated spraying equipment, integration of nanotechnology, enhanced adhesion and durability, and environmentally friendly production methods.

The expansion of building and construction activities is expected to fuel the growth of the spray foam market in the coming years. Building and construction activities encompass the planning, design, development, and construction of residential, commercial, industrial, and infrastructure projects, including new builds, renovations, remodeling, and maintenance. The rise in these activities is primarily driven by rapid urbanization, as growing urban populations increase demand for housing, infrastructure, and related services, thus boosting construction volumes. Spray foam supports these activities by offering superior insulation and air sealing properties, which enhance energy efficiency and structural durability. Its fast-curing application also simplifies installation, accelerating project timelines and improving overall performance. For example, in April 2025, the United States Census Bureau, a US government agency, reported that construction spending reached $2.15 trillion in 2024, up from $2.02 trillion in 2023. Therefore, the increase in building and construction activities is propelling the spray foam market growth.

Leading companies in the spray foam market are focusing on developing advanced formulations with quick curing times to boost efficiency, accelerate project completion, and enhance performance. Quick-curing products refer to spray foam formulations that harden rapidly after application, allowing faster handling, trimming, and finishing. For instance, in September 2024, Dupont Performance Building Solutions, a US-based firm, introduced Great Stuff Wide Spray Foam Sealant - an innovative product designed to effectively seal large gaps, irregular surfaces, and hard-to-reach areas. This spray foam features a quick-curing, one-component formula that expands up to 1 inch, creating a durable, airtight, and weather-resistant seal.

In August 2022, Holcim Limited, a Switzerland-based building materials company, acquired SES Foam LLC for an undisclosed sum. This acquisition aims to bolster Holcim’s solutions and products division by integrating innovative and sustainable insulation technologies, further driving its growth strategy. SES Foam LLC is a US-based manufacturer specializing in polyurethane spray foam insulation.

Major players in the spray foam market are Berkshire Hathaway Inc., BASF SE, The Dow Chemical Company, Honeywell International Inc., Covestro AG, DuPont de Nemours Inc., Owens Corning, Huntsman Corporation, RPM International Inc., Foam Supplies Inc., Rhino Linings Corporation, Isothane Ltd., Demilec Inc., ArmorThane Inc., Elastochem Specialty Chemicals Inc., Weatherization Services Inc., Shakun Industries Pvt. Ltd., Convenient Foam Systems LLC, Icynene-Lapolla Inc., and Firestone Building Products Company LLC.

North America was the largest region in the spray foam market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in spray foam report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the spray foam market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Spray foam is an insulation material applied in liquid form that rapidly expands into a foam. Its primary function is to deliver superior thermal insulation and create an airtight seal by filling gaps, cracks, and cavities within buildings. This enhances energy efficiency and helps prevent air and moisture infiltration.

The main types of spray foam products include open-cell, closed-cell, and others. Open-cell spray foam is characterized by its low density and sponge-like structure, which allows for air and moisture permeability. It is available in low, medium, and high densities and is used in applications such as residential and commercial construction, among others. Its distribution channels consist of both direct and indirect sales, with key end-users including the building and construction, automotive, packaging, oil and gas industries, and more.

The spray foam market research report is one of a series of new reports that provides spray foam market statistics, including the spray foam industry global market size, regional shares, competitors with the spray foam market share, detailed spray foam market segments, market trends, and opportunities, and any further data you may need to thrive in the spray foam industry. This spray foam market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The spray foam market consists of sales of agricultural spray foam, marine spray foam, one-component spray foam, spray foam kits, and spray foam roofing systems used for insulation, sealing, and protective coatings in residential, commercial, and industrial applications. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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