The icynene spray foam insulation market size has grown strongly in recent years. It will grow from $1.54 billion in 2025 to $1.67 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to increasing use of spray foam insulation, growing adoption in residential construction, rising focus on energy efficiency, expansion of retrofit projects, increased demand for soundproofing applications.
The icynene spray foam insulation market size is expected to see strong growth in the next few years. It will grow to $2.3 billion in 2030 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing adoption of HFO-based eco-friendly foams, growth in automated application equipment, rising investment in industrial insulation, development of moisture-resistant and high-R-value products, expansion of smart building integration. Major trends in the forecast period include use of AI-enhanced spray foam application systems, adoption of eco-friendly polyurethane formulations, expansion of automated spray foam production lines, integration of smart monitoring for insulation performance, growth of connected energy-efficiency management platforms.
The growing construction industry is expected to drive the expansion of the icynene spray foam insulation market in the coming years. The construction industry involves building, infrastructure, and renovation activities across residential, commercial, and public sectors. This industry is experiencing notable growth due to rising investments in infrastructure and urban development. Icynene spray foam insulation supports the construction sector by improving building energy efficiency, enhancing thermal performance, and reducing overall construction and maintenance expenses. For example, in June 2025, Eurostat, a Luxembourg-based statistical office of the European Union, reported that construction production in April 2025 increased by 3% in the euro area and by 2.5% in the EU compared with April 2024. Therefore, the expanding construction industry is contributing to the growth of the icynene spray foam insulation market.
Key players in the icynene spray foam insulation market are prioritizing the development of advanced insulation solutions such as open-cell spray polyurethane foam, aimed at improving energy efficiency, fire resistance, and ease of application in both residential and commercial buildings. This type of insulation is lightweight and porous, providing effective thermal insulation and sound dampening. For instance, in June 2024, Huntsman Building Solutions LLC, a U.S.-based spray foam insulation manufacturer, introduced Icynene Xpress 55, an open-cell spray polyurethane foam designed specifically for unventilated attics and crawl spaces. It enhances fire safety and energy efficiency without requiring an ignition barrier, meeting Appendix X of AC-377, which permits its use in utility servicing areas. The formulation is compliant with key safety and environmental regulations, and its fire-resistant properties allow it to self-extinguish once the flame source is removed, making it a dependable and sustainable option for modern construction needs.
In June 2023, Pacific Urethanes Pty Ltd, a chemical manufacturing company based in Australia, entered into a partnership with Huntsman Building Solutions LLC to advance polyurethane-based solutions for insulation and construction. This collaboration aims to leverage both companies’ expertise in polyurethane formulation and spray foam technology to deliver high-performance insulation products suited for the construction and industrial sectors throughout the Asia-Pacific region. The goal is to improve energy efficiency, sustainability, and application performance. Huntsman Building Solutions LLC is a U.S.-based manufacturer specializing in spray polyurethane foam.
Major companies operating in the icynene spray foam insulation market are BASF SE, The Dow Chemical Company, Covestro AG, Johns Manville Corporation, Soprema Group, The Woodbridge Group, CertainTeed Corporation, Henry Company LLC, NCFI Polyurethanes, Carlisle Polyurethane Systems, Foam Supplies Inc. (FSI), Gaco Western LLC, Specialty Products Inc., General Coatings Manufacturing Corp., Oak Ridge Foam & Coating Systems Inc., Isothane Ltd., Elastochem Specialty Chemicals Inc., Huntsman Building Solutions LLC, Volatile Free Inc., Versi-Foam Systems.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are influencing the icynene spray foam insulation market by increasing costs for imported polyurethane resins, blowing agents, chemical additives, and spray equipment components. Residential, commercial, and industrial insulation projects in North America, Europe, and Asia-Pacificwhere reliance on imported raw materials is highare most affected. Nonetheless, tariffs are driving domestic production of polyurethane materials, regional equipment manufacturing, and development of eco-friendly spray foam solutions, improving supply chain resilience and sustainability.
The icynene spray foam insulation market research report is one of a series of new reports that provides icynene spray foam insulation market statistics, including icynene spray foam insulation industry global market size, regional shares, competitors with a icynene spray foam insulation market share, detailed icynene spray foam insulation market segments, market trends and opportunities, and any further data you may need to thrive in the icynene spray foam insulation industry. This icynene spray foam insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Icynene spray foam insulation is a polyurethane foam that expands upon application to form an effective air seal within walls, ceilings, and floors. It is recognized for its excellent insulating properties, helping to lower energy costs by reducing air leakage. Icynene insulation also offers sound dampening and moisture resistance, and is valued for its energy efficiency, durability, and availability in eco-friendly options.
The main types of Icynene spray foam insulation are open-cell and closed-cell. Open-cell Icynene is a low-density spray foam with cells that are deliberately left partially open, creating a soft, spongy texture. These products are distributed through various channels including direct sales, distributors, and online platforms. They are used across a range of applications such as residential, commercial, and industrial sectors, serving diverse end users such as contractors, builders, homeowners, architects, and facility managers.North America was the largest region in the Icynene spray foam insulation market in 2025. The regions covered in icynene spray foam insulation report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the icynene spray foam insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The icynene spray foam insulation market consists of sales of icynene proseal, Icynene MD-R-200, icynene ultra-Lite 2.0, and icynene HFO pro. 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.
This product will be delivered within 1-3 business days.
The icynene spray foam insulation market size is expected to see strong growth in the next few years. It will grow to $2.3 billion in 2030 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to increasing adoption of HFO-based eco-friendly foams, growth in automated application equipment, rising investment in industrial insulation, development of moisture-resistant and high-R-value products, expansion of smart building integration. Major trends in the forecast period include use of AI-enhanced spray foam application systems, adoption of eco-friendly polyurethane formulations, expansion of automated spray foam production lines, integration of smart monitoring for insulation performance, growth of connected energy-efficiency management platforms.
The growing construction industry is expected to drive the expansion of the icynene spray foam insulation market in the coming years. The construction industry involves building, infrastructure, and renovation activities across residential, commercial, and public sectors. This industry is experiencing notable growth due to rising investments in infrastructure and urban development. Icynene spray foam insulation supports the construction sector by improving building energy efficiency, enhancing thermal performance, and reducing overall construction and maintenance expenses. For example, in June 2025, Eurostat, a Luxembourg-based statistical office of the European Union, reported that construction production in April 2025 increased by 3% in the euro area and by 2.5% in the EU compared with April 2024. Therefore, the expanding construction industry is contributing to the growth of the icynene spray foam insulation market.
Key players in the icynene spray foam insulation market are prioritizing the development of advanced insulation solutions such as open-cell spray polyurethane foam, aimed at improving energy efficiency, fire resistance, and ease of application in both residential and commercial buildings. This type of insulation is lightweight and porous, providing effective thermal insulation and sound dampening. For instance, in June 2024, Huntsman Building Solutions LLC, a U.S.-based spray foam insulation manufacturer, introduced Icynene Xpress 55, an open-cell spray polyurethane foam designed specifically for unventilated attics and crawl spaces. It enhances fire safety and energy efficiency without requiring an ignition barrier, meeting Appendix X of AC-377, which permits its use in utility servicing areas. The formulation is compliant with key safety and environmental regulations, and its fire-resistant properties allow it to self-extinguish once the flame source is removed, making it a dependable and sustainable option for modern construction needs.
In June 2023, Pacific Urethanes Pty Ltd, a chemical manufacturing company based in Australia, entered into a partnership with Huntsman Building Solutions LLC to advance polyurethane-based solutions for insulation and construction. This collaboration aims to leverage both companies’ expertise in polyurethane formulation and spray foam technology to deliver high-performance insulation products suited for the construction and industrial sectors throughout the Asia-Pacific region. The goal is to improve energy efficiency, sustainability, and application performance. Huntsman Building Solutions LLC is a U.S.-based manufacturer specializing in spray polyurethane foam.
Major companies operating in the icynene spray foam insulation market are BASF SE, The Dow Chemical Company, Covestro AG, Johns Manville Corporation, Soprema Group, The Woodbridge Group, CertainTeed Corporation, Henry Company LLC, NCFI Polyurethanes, Carlisle Polyurethane Systems, Foam Supplies Inc. (FSI), Gaco Western LLC, Specialty Products Inc., General Coatings Manufacturing Corp., Oak Ridge Foam & Coating Systems Inc., Isothane Ltd., Elastochem Specialty Chemicals Inc., Huntsman Building Solutions LLC, Volatile Free Inc., Versi-Foam Systems.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs are influencing the icynene spray foam insulation market by increasing costs for imported polyurethane resins, blowing agents, chemical additives, and spray equipment components. Residential, commercial, and industrial insulation projects in North America, Europe, and Asia-Pacificwhere reliance on imported raw materials is highare most affected. Nonetheless, tariffs are driving domestic production of polyurethane materials, regional equipment manufacturing, and development of eco-friendly spray foam solutions, improving supply chain resilience and sustainability.
The icynene spray foam insulation market research report is one of a series of new reports that provides icynene spray foam insulation market statistics, including icynene spray foam insulation industry global market size, regional shares, competitors with a icynene spray foam insulation market share, detailed icynene spray foam insulation market segments, market trends and opportunities, and any further data you may need to thrive in the icynene spray foam insulation industry. This icynene spray foam insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Icynene spray foam insulation is a polyurethane foam that expands upon application to form an effective air seal within walls, ceilings, and floors. It is recognized for its excellent insulating properties, helping to lower energy costs by reducing air leakage. Icynene insulation also offers sound dampening and moisture resistance, and is valued for its energy efficiency, durability, and availability in eco-friendly options.
The main types of Icynene spray foam insulation are open-cell and closed-cell. Open-cell Icynene is a low-density spray foam with cells that are deliberately left partially open, creating a soft, spongy texture. These products are distributed through various channels including direct sales, distributors, and online platforms. They are used across a range of applications such as residential, commercial, and industrial sectors, serving diverse end users such as contractors, builders, homeowners, architects, and facility managers.North America was the largest region in the Icynene spray foam insulation market in 2025. The regions covered in icynene spray foam insulation report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the icynene spray foam insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The icynene spray foam insulation market consists of sales of icynene proseal, Icynene MD-R-200, icynene ultra-Lite 2.0, and icynene HFO pro. 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.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Icynene Spray Foam Insulation Market Characteristics
3. Icynene Spray Foam Insulation Market Supply Chain Analysis
4. Global Icynene Spray Foam Insulation Market Trends and Strategies
5. Icynene Spray Foam Insulation Market Analysis of End Use Industries
7. Global Icynene Spray Foam Insulation Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Icynene Spray Foam Insulation Total Addressable Market (TAM) Analysis for the Market
9. Icynene Spray Foam Insulation Market Segmentation
10. Icynene Spray Foam Insulation Market Regional and Country Analysis
11. Asia-Pacific Icynene Spray Foam Insulation Market
12. China Icynene Spray Foam Insulation Market
13. India Icynene Spray Foam Insulation Market
14. Japan Icynene Spray Foam Insulation Market
15. Australia Icynene Spray Foam Insulation Market
16. Indonesia Icynene Spray Foam Insulation Market
17. South Korea Icynene Spray Foam Insulation Market
18. Taiwan Icynene Spray Foam Insulation Market
19. South East Asia Icynene Spray Foam Insulation Market
20. Western Europe Icynene Spray Foam Insulation Market
21. UK Icynene Spray Foam Insulation Market
22. Germany Icynene Spray Foam Insulation Market
23. France Icynene Spray Foam Insulation Market
24. Italy Icynene Spray Foam Insulation Market
25. Spain Icynene Spray Foam Insulation Market
26. Eastern Europe Icynene Spray Foam Insulation Market
27. Russia Icynene Spray Foam Insulation Market
28. North America Icynene Spray Foam Insulation Market
29. USA Icynene Spray Foam Insulation Market
30. Canada Icynene Spray Foam Insulation Market
31. South America Icynene Spray Foam Insulation Market
32. Brazil Icynene Spray Foam Insulation Market
33. Middle East Icynene Spray Foam Insulation Market
34. Africa Icynene Spray Foam Insulation Market
36. Icynene Spray Foam Insulation Market Competitive Landscape and Company Profiles
37. Icynene Spray Foam Insulation Market Other Major and Innovative Companies
40. Icynene Spray Foam Insulation Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Icynene Spray Foam Insulation Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses icynene spray foam insulation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
- Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on end user analysis.
- Benchmark performance against key competitors based on market share, innovation, and brand strength.
- Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for icynene spray foam insulation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The icynene spray foam insulation market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Scope
Markets Covered:
1) By Product Type: Open-Cell; Closed-Cel2) By Distribution Channel: Direct Sales; Distributors; Online
3) By Application: Residential; Commercial; Industrial
4) By End-User: Contractors; Builders; Homeowners; Architects; Facility Managers
Subsegments:
1) By Open-Cell: Wall Insulation; Roof or Ceiling Insulation; Floor Insulation; Attic Insulation; Soundproofing Applications; Interior Retrofit Projects2) By Closed-Cell: Exterior Wall Insulation; Basement or Crawl Space Insulation; Roof Deck Insulation; Cold Storage and Refrigeration; Industrial and Agricultural Buildings; Moisture Barrier Applications
Companies Mentioned: BASF SE; The Dow Chemical Company; Covestro AG; Johns Manville Corporation; Soprema Group; The Woodbridge Group; CertainTeed Corporation; Henry Company LLC; NCFI Polyurethanes; Carlisle Polyurethane Systems; Foam Supplies Inc. (FSI); Gaco Western LLC; Specialty Products Inc.; General Coatings Manufacturing Corp.; Oak Ridge Foam & Coating Systems Inc.; Isothane Ltd.; Elastochem Specialty Chemicals Inc.; Huntsman Building Solutions LLC; Volatile Free Inc.; Versi-Foam Systems
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Icynene Spray Foam Insulation market report include:- BASF SE
- The Dow Chemical Company
- Covestro AG
- Johns Manville Corporation
- Soprema Group
- The Woodbridge Group
- CertainTeed Corporation
- Henry Company LLC
- NCFI Polyurethanes
- Carlisle Polyurethane Systems
- Foam Supplies Inc. (FSI)
- Gaco Western LLC
- Specialty Products Inc.
- General Coatings Manufacturing Corp.
- Oak Ridge Foam & Coating Systems Inc.
- Isothane Ltd.
- Elastochem Specialty Chemicals Inc.
- Huntsman Building Solutions LLC
- Volatile Free Inc.
- Versi-Foam Systems
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 1.67 Billion |
| Forecasted Market Value ( USD | $ 2.3 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
