According to a new market report published by Lucintel, the future of the spray foam insulation market looks promising with opportunities in the residential, commercial, and other end use industries. The spray foam insulation market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $2.1 billion by 2025 with a CAGR of 5% to 7% from 2020 to 2025. The major growth drivers for this market are the stringent government regulation towards the reduction of greenhouse gas emission and to increase energy efficiency in homes and buildings.
Browse 132 market data tables and 157 figures spread through 241 pages and in-depth TOC on “Spray Foam Insulation Market"
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In this market, spray foam insulation is used in the wall, roof, concrete rehabilitation, and marine application to reduce energy consumption and to provide acoustic and moisture resistance. Lucintel forecasts that wall insulation is expected to remain the largest application and to witness the highest growth over the forecast period supported by increasing demand of energy efficient insulation for home and building structures.
Within the spray foam insulation market, residential is expected to remain the largest end use industry and to witness the highest growth in the forecast period due to growth in potential homeowners who are looking for eco-friendly and energy efficient insulation for their homes and buildings.
North America is expected to remain the largest market and to witness the highest growth over the forecast period supported by increasing residential construction and government regulations for energy efficiency.
elopment of fourth generation blowing agent and increasing green building insulation which focus on energy conservation and sustainable building practices. BASF, FFL Partners, Carlisle, Sun Capital, and Saint-Gobain are among the major suppliers of spray foam insulation.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the spray foam insulation market by application, end use industry, product type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Spray Foam Insulation Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the spray foam insulation market by application, end use industry, product type, and region as follows:
By Application [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:
Wall Insulation
Roof Insulation
Concrete Rehabilitation
Others
By End Use Industry [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:
Residential
Commercial
Others
By Product Type [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:
By Region [Volume (M lbs) and $M shipment analysis for 2014 – 2025]:
North America
Europe
Germany
France
United Kingdom
Russia
Spain
Italy
Asia Pacific
The Rest of the World
This 241-page research report 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 https://www.lucintel.com/spray-foam-insulation-market.aspx or helpdesk@lucintel.com.
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