SPRAY FOAM INSULATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Market Concentration and Competitive Landscape

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Increasing residential and non-residential construction activities

Rising construction industry across major world economies can boost demand for spray foam insulation. On the residential front, rising global population leads to increase in housing needs. Various nations such as India and others are witnessing gigantic residential building schemes to address the accommodation requirements. The spray foam insulation market is stimulated by these large-scale housing and apartment construction projects.

Infrastructural expansion is concurrently happening to upgrade national infrastructure. Redevelopment of commercial districts and buildings, malls, shopping centers requires vast amounts of spray foam for insulation. The transport infrastructure aircrafts, ships, vehicles demand spray foams for their lightweight insulating properties. These diverse non-residential construction activities ranging from public infrastructure to private industrial constructions create relentless requirements for spray foam insulation.

Emerging markets especially in Asia Pacific and Latin America witness rapid urbanization, which leads to residential constructions. With growth in household incomes, middle-income populations are spending more on home improvement projects and green housing. This boosts the usage of spray foam for insulation in renovation and remodeling activities. Government investments directed towards infrastructure modernization boosts spray foam consumption. Gigantic construction industry trends in developing regions can drive the global spray foam insulation market growth.

• BASF Corporation
• Demilec
• Johns Manville
• Icynene-Lapolla
• Lapolla
• Covestro
• Henry Company
• Greer Spray Foam Ltd
• Gaco Western
• Sika AG
• Foam Supplies, Inc.
• CertainTeed
• Rmax
• ThermalGuard
• Tremco
• BASF's ENERTITE
• Spray Foam Systems
• Kool Foam
• R-Tech
• Insulation Corporation of America