How big is the Spray Foam Market | Forecast & Growth Analysis 2031

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Code: MTA9242

Publication Date: Sep 2025

What is the size of Spray Foam Market?

According to 6Wresearch internal database and industry insights, the Global Spray Foam Market was valued at USD 3.5 Billion in 2024 and is expected to reach USD 5.3 Billion by 2031, growing at a compound annual growth rate of 5.7% during the forecast period (2025-2031).

The factors behind the projected increases are driven primarily by consumer demand for energy-efficient insulation products and increases in residential and commercial construction, heightened awareness of sustainable building products, and developments in spray foam chemical components that would promote greater performance and durability.

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Growth Factors for Spray Foam Industry

Rising construction activity in residential and commercial applications.
Growing focus on sustainable and energy-efficient insulation materials.
Increasing usage of spray foam for roofing and wall applications.
Developments in foam formulation for greater fire resistance and durability.
Upward demands from renovations/retrofits.

Spray Foam Market Trends

The trends recorded in the spray foam market shed light on its role in supporting energy efficiency targets in buildings. As consumers and builders seek to minimize energy consumption, spray foam insulation is frequently chosen for its superior thermal performance and capacity to seal air leaks and control moisture. Also noted in the trends for the spray foam market is the growth in greener and low-VOC formulations. Manufacturers are investing in technology to improve application efficiency through product formulations that still allow for sustainability requirements for green building certifications.

Emerging Developments in the Spray Foam Market

The developments in the Spray Foam Market highlight the advancement of high-performance closed-cell foams that provide better strength and insulation capabilities. The companies are also developing products that use renewable raw materials to meet sustainability goals. Developments in better spray equipment technologies are also resulting in faster application and less wasted material. The continuing expansion into emerging construction settings and innovations in fire-retardant spray foams bring new growth prospects.