North America Spray Foam Insulation Market (2021-2027) | Share, Value, Industry, Companies, Forecast, Revenue, Analysis, COVID-19 IMPACT, Outlook, Trends, Growth & Size

Market Forecast By Applications (Wall Insulation, Ceiling Insulation, Basement Insulation), By End Users (Residential, Commercial, Industrial), By Countries (United States, Canada) and competitive landscape

Product Code: ETC054275 Publication Date: Mar 2021 Product Type: Report
Publisher: 6Wresearch No. of Pages: 60 No. of Figures: 15 No. of Tables: 6

North America Spray Foam Insulation Market report thoroughly covers the market by applications, end-users, and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Spray Foam Insulation Market Synopsis

The North America Spray Foam Insulation Market grew at a considerable rate during the period 2017-19 on the back of increasing construction activities in the region. Government regulations enforcing people to use environmentally friendly and efficient ways of heat insulation were the key catalyzers for the overall growth of the spray foam insulation market in North America. The onset of the novel Covid-19 virus had a negative impact on the economy of North America which left a devastating impact on numerous sectors, thus, refraining from growth, the spray foam insulation market during the year 2020. The economy of North America is slowly but surely recovering, and the market for spray foam insulation is expected to revive in 2021 and grow further in the coming years.

However, the onset of COVID-19 pandemic had a negative impact on the market in 2020 as a result of the slowdown in the construction sector due to the movement restrictions imposed over the region to curtail the spread of the virus. However, the market is expected to recover in the forecast period with the reopening of the construction sector along with growing awareness for environmentally friendly ways of construction.

According to 6Wresearch, North America Spray Foam Insulation Market size is projected to grow at CAGR of 5.5% during 2021-27.  Efforts to reduce the dependence of the country on the oil sector are expected to bolster the country’s spending on infrastructure development during the forecast period. The ambitious Saudi Vision 2030 plans to improve the economy through a series of measures including infrastructural development, thereby driving the Spray Foam Insulation Market, especially in residential and commercial sectors, which extensively use centralized cooling. Moreover, high energy efficiency requirements, increasing concerns about the cost of electricity, and sustainability in the country would further drive the demand for sustainable building designs which in turn, would augment the demand for air ducts since they minimize leakages and reduce energy losses.

Market Analysis by End users

By end-users, residential segment and commercial segment account for cumulative market share of around 70% of the total market revenues in 2020. Out of the total market segments, residential segment is currently at the top of the market and is anticipated to grow in the forecast period on account of increase in residential construction along with government’s effort to build affordable homes. The Canada Mortgage and Housing Corporation (CMHC) also provides financial assistance to first time home buyers. Many of the new homeowners are interested in using efficient and eco-friendly ways of insulating their homes.

Market Analysis by Applications

By applications, the spray foam insulation market is segmented into wall insulation, ceiling insulation, and basement insulation. Wall insulation and Ceiling Insulation applications are holding a cumulative share of more than 60% dominance over the market revenues in 2020 as it reduces heat loss by filling the wall cavity with spray foam and turns out to be one of the most cost-effective insulation methods. It also provides the additional benefit of soundproofing walls.

North America Spray Foam Insulation Market

Market Analysis by Geography

By geography, the United States Spray Foam Insulation Market is currently leading the market in terms of revenues in 2020 due to the increasing adoption of energy-efficient insulation systems among people. Moreover, favorable building regulations by Leadership in Energy and Environmental Design (LEED) and U.S. Green Building Council (USGBC) would also supplement the growing demand for spray foam insulation. Furthermore, re-insulation and modernization of traditional homes and properties would also play an important role in driving the market for spray foam insulation in the region during the forecast period. In addition, Canada is projected to register higher growth during the forecast period as the government of Canada is enforcing stringent regulations towards the limitation of greenhouse gas emission and increasing energy efficiency in homes and buildings.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • North America Spray Foam Insulation Market Overview
  • North America Spray Foam Insulation Market Outlook
  • North America Spray Foam Insulation Market Forecast
  • Historical Data and Forecast of North America Spray Foam Insulation Market Revenues, for the Period 2017-2027
  • Historical Data and Forecast of Revenues, By Applications, for the Period 2017-2027
  • Historical Data and Forecast Revenues, By End Users, for the Period 2017-2027
  • Historical Data and Forecast of Revenues, By Countries, for the Period 2017-2027
  • Historical Data and Forecast of United States Spray Foam Insulation Market Revenues, for the Period 2017-2027
  • Historical Data and Forecast of United States Spray Foam Insulation Market Revenues, By Applications, for the Period 2017-2027
  • Historical Data and Forecast of United States Spray Foam Insulation Market Revenues, By End Users, for the Period 2017-2027
  • Historical Data and Forecast of Canada Spray Foam Insulation Market Revenues, for the Period 2017-2027
  • Historical Data and Forecast of Canada Spray Foam Insulation Market Revenues, By Applications, for the Period 2017-2027
  • Historical Data and Forecast of Canada Spray Foam Insulation Market Revenues, By End Users, for the Period 2017-2027
  • North America spray foam insulation market share, by companies
  • North America spray foam insulation market trends
  • Drivers and Restraints
  • Industry Life Cycle
  • Porter’s Five Forces Analysis
  • Market Opportunity Assessment
  • Company Profiles

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

  • By Applications
    • Wall Insulation
    • Ceiling Insulation
    • Basement Insulation
  • By End Users
    • Residential
    • Commercial
    • Industrial
  • By Countries
    • United States
    • Canada

Other Key Reports Available:

  • United States Spray Foam Insulation Market (2017-2027F)
  • Canada Spray Foam Insulation Market (2017-2027F)
North America Spray Foam Insulation Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
The North America Spray Foam Insulation Market revenue is anticipated to record a CAGR of 5.5% during 2021-27.
Wall Insulation segment has dominated the market revenues as it has the additional benefit of being a soundproofing system along with an efficient insulating system.
Commercial segment would record key growth throughout the forecast period 2021-27.
The key players of the market include- Huntsman Corporation, Carlisle Companies Inc., SWD Urethane, BASF SE, The Dow Chemical Company, Armacell International, Saint-Gobain Performance Plastics Inc., Covestro AG, L’Isolante K-Flex, The 3M Company
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TABLE OF CONTENT

1. Executive Summary

2. Introduction

2.1. Report Description

2.2. Key Highlights of The Report

2.3. Market Scope & Segmentation

2.4. Research Methodology

2.5. Assumptions

3. North America Spray Foam Insulation Market Overview

3.1. North America Spray Foam Insulation Market Revenues, 2017-2027F

3.2. North America Spray Foam Insulation Market Industry Life Cycle

3.3. North America Spray Foam Insulation Market Porter’s Five Forces Model

3.4. North America Spray Foam Insulation Market Revenue Share, By Countries, 2020 & 2027F

4. North America Spray Foam Insulation Market Overview, By Applications

4.1. North America Spray Foam Insulation Market Revenue Share, By Applications, 2020 & 2027F

4.2. North America Spray Foam Insulation Market Revenues, By Applications, 2017-2027F

4.2.1. North America Spray Foam Insulation Market Revenues, By Wall Insulation, 2017-2027F

4.2.2. North America Spray Foam Insulation Market Revenues, By Ceiling Insulation, 2017-2027F

4.2.3. North America Spray Foam Insulation Market Revenues, By Basement Insulation, 2017-2027F

5. North America Spray Foam Insulation Market Overview, By End User

5.1. North America Spray Foam Insulation Market Revenue Share, By End Users, 2020 & 2027F

5.2. North America Spray Foam Insulation Market Revenues, By End Users, 2017-2027F

5.2.1. North America Spray Foam Insulation Market Revenues, By Residential, 2017-2027F

5.2.2. North America Spray Foam Insulation Market Revenues, By Commercial, 2017-2027F

5.2.3. North America Spray Foam Insulation Market Revenues, By Industrial, 2017-2027F

6. the United States Spray Foam Insulation Market Overview

6.1. the United States Spray Foam Insulation Market Revenues, 2017-2027F

6.2. the United States Spray Foam Insulation Market Revenue Share, By Applications, 2020 & 2027F

6.3. the United States Spray Foam Insulation Market Revenues, By Applications, 2017-2027F

6.3.1. the United States Spray Foam Insulation Market Revenues, By Wall Insulation, 2017-2027F

6.3.2. the United States Spray Foam Insulation Market Revenues, By Ceiling Insulation, 2017-2027F

6.3.3. the United States Spray Foam Insulation Market Revenues, By Basement Insulation, 2017-2027F

6.4. the United States Spray Foam Insulation Market Revenue Share, By End Users, 2020 & 2027F

6.5. the United States Spray Foam Insulation Market Revenues, By End Users, 2017-2027F

6.5.1. United States Spray Foam Insulation Market Revenues, By Residential, 2017-2027F

6.5.2. United States Spray Foam Insulation Market Revenues, By Commercial, 2017-2027F

6.5.3. the United States Spray Foam Insulation Market Revenues, By Industrial, 2017-2027F

7. Canada Spray Foam Insulation Market Overview

7.1. Canada Spray Foam Insulation Market Revenues, 2017-2027F

7.2. Canada Spray Foam Insulation Market Revenue Share, By Applications, 2020 & 2027F

7.3. Canada Spray Foam Insulation Market Revenues, By Applications, 2017-2027F

7.3.1. Canada Spray Foam Insulation Market Revenues, By Wall Insulation, 2017-2027F

7.3.2. Canada Spray Foam Insulation Market Revenues, By Ceiling Insulation, 2017-2027F

7.3.3. Canada Spray Foam Insulation Market Revenues, By Basement Insulation, 2017-2027F

7.4. Canada Spray Foam Insulation Market Revenue Share, By End Users, 2020 & 2027F

7.5. Canada Spray Foam Insulation Market Revenues, By End Users, 2017-2027F

7.5.1. Canada Spray Foam Insulation Market Revenues, By Residential, 2017-2027F

7.5.2. Canada Spray Foam Insulation Market Revenues, By Commercial, 2017-2027F

7.5.3. Canada Spray Foam Insulation Market Revenues, By Industrial, 2017-2027F

8. North America Spray Foam Insulation Market Opportunity Assessment

8.1. North America Spray Foam Insulation Market Opportunity Assessment, By Countries, 2027F

8.2. United States Spray Foam Insulation Market Opportunity Assessment, By Applications, 2027F

8.3. United States Spray Foam Insulation Market Opportunity Assessment, By End Users, 2027F

8.4. Canada Spray Foam Insulation Market Opportunity Assessment, By Applications, 2027F

8.5. Canada Spray Foam Insulation Market Opportunity Assessment, By End Users, 2027F

9. Company Profiles

9.1. Huntsman Corporation

9.2. Carlisle Companies Inc.

9.3. SWD Urethane

9.4. BASF SE

9.5. The Dow Chemical Company

9.6. Armacell International

9.7. Saint-Gobain Performance Plastics Inc.

9.8. Covestro AG

9.9. L’Isolante K-Flex

9.10. The 3M Company

10. Disclaimer

LIST OF FIGURES

1. North America Spray Foam Insulation Revenues, 2017-2027F ($ Million)

2. North America Spray Foam Insulation Market Revenue Share, By Countries, 2020 & 2027F

3. North America Spray Foam Insulation Market Revenue Share, By Applications, 2020 & 2027F

4. North America Spray Foam Insulation Market Revenue Share, By End Users, 2020 & 2027F

5. the United States Spray Foam Insulation Revenues, 2017-2027F ($ Million)

6. United States Spray Foam Insulation Market Revenue Share, By Applications, 2020 & 2027F

7. United States Spray Foam Insulation Market Revenue Share, By End Users, 2020 & 2027F

8. Canada Spray Foam Insulation Revenues, 2017-2027F ($ Million)

9. Canada Spray Foam Insulation Market Revenue Share, By Applications, 2020 & 2027F

10. Canada Spray Foam Insulation Market Revenue Share, By End Users, 2020 & 2027F

11. North America Spray Foam Insulation Market Opportunity Assessment, By Countries, 2027F

12. United States Spray Foam Insulation Market Opportunity Assessment, By Applications, 2027F

13. United States Spray Foam Insulation Market Opportunity Assessment, By End Users, 2027F

14. Canada Spray Foam Insulation Market Opportunity Assessment, By Applications, 2027F

15. Canada Spray Foam Insulation Market Opportunity Assessment, By End Users, 2027F

LIST OF TABLES

1. North America Spray Foam Insulation Market Revenues, By Applications, 2017-2027F ($ Million)

2. North America Spray Foam Insulation Market Revenues, By End Users, 2017-2027F ($ Million)

3. United States Spray Foam Insulation Market Revenues, By Applications, 2017-2027F ($ Million)

4. United States Spray Foam Insulation Market Revenues, By End Users 2017-2027F ($ Million)

5. Canada Spray Foam Insulation Market Revenues, By Applications, 2017-2027F ($ Million)

6. Canada Spray Foam Insulation Market Revenues, By End Users, 2017-2027F ($ Million)

Asia Pacific (APAC) Building Thermal Insulation Market (2019-2025): Market Forecast By Material (Plastic Foam (Polystyrene Foam, Polyurethane (PUR) & Polyisocyanurate (PIR) Foam And Others), Wool Insulation (Glass Wool, Stone Wool And Others)), By Applications (Roof Insulation, Wall Insulation, Floor Insulation), By Building Types (Residential, Commercial, Industrial), By Countries (India, China, Japan, Australia, Indonesia, Malaysia, Thailand And Rest of Asia Pacific)  And Competitive Landscape.

Europe Building Thermal Insulation Market (2019-2025): Market Forecast By Material (Plastic Foam (Polystyrene Foam, Polyurethane (PUR) & Polyisocyanurate (PIR) Foam And Others), Wool Insulation (Glass Wool, Stone Wool And Others)), By Applications (Roof Insulation, Wall Insulation, Floor Insulation), By Building Types (Residential, Commercial, Industrial), By Counties (Germany, Italy, France, United Kingdom And Rest of Europe)  And Competitive Landscape.

Global Building Thermal Insulation Market (2019-2025): Market Forecast By Material (Plastic Foam (Polystyrene Foam, Polyurethane (PUR) & Polyisocyanurate (PIR) Foam And Others), Wool Insulation (Glass Wool, Stone Wool And Others)), By Applications (Roof Insulation, Wall Insulation, Floor Insulation), By Building Types (Residential, Commercial, Industrial), By Regions (North America, Latin America, Europe, Asia-Pacific And the Middle East & Africa) By Key Countries And Competitive Landscape.

Latin America Building Thermal Insulation Market (2019-2025): Market Forecast By Material (Plastic Foam (Polystyrene Foam, Polyurethane (PUR) & Polyisocyanurate (PIR) Foam And Others), Wool Insulation (Glass Wool, Stone Wool And Others)), By Applications (Roof Insulation, Wall Insulation, Floor Insulation), By Building Types (Residential, Commercial, Industrial), By Countries(Mexico, Brazil, Argentina And Rest of Latin America) And Competitive Landscape.

Middle East And Africa (MEA) Building Thermal Insulation Market (2019-2025): Market Forecast By Material (Plastic Foam (Polystyrene Foam, Polyurethane (PUR) & Polyisocyanurate (PIR) Foam And Others), Wool Insulation (Glass Wool, Stone Wool And Others)), By Applications (Roof Insulation, Wall Insulation, Floor Insulation), By Building Types (Residential, Commercial, Industrial), By Countries(United Arab Emirates, Saudi Arabia, Turkey, Qatar, Oman, Bahrain, South Africa, Egypt, Nigeria, Kuwait & Rest of the Middle East and Africa) And Competitive Landscape.

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