The Global Spray Foam Insulation Market was valued at USD 1.57 Billion in 2022 and is projected to reach USD 1.89 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 2.7% during the forecast period (2023–2030). This steady expansion is propelled by stringent energy efficiency regulations, the rising demand for green buildings, and the growing adoption of high-performance insulation materials in both residential and commercial construction sectors.

As the construction industry increasingly prioritizes sustainability and energy conservation, spray foam insulation stands out for its superior air-sealing properties and high R-value. In this blog, we profile the Top 10 Companies in the Spray Foam Insulation Industry—a blend of global chemical giants, specialized formulators, and application experts who are defining the standards for thermal performance and environmental responsibility.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Walltite® spray foam, Elastospray®

BASF is a global leader in chemical solutions, including a comprehensive portfolio of polyurethane spray foam insulation systems. Their Walltite® product line is renowned for its high thermal resistance and airtight sealing capabilities, widely used in commercial and residential buildings across North America and Europe.

Sustainability and Innovation Initiatives:

• Developing formulations with reduced global warming potential (GWP) blowing agents

• Emphasis on circular economy principles for polyurethane materials

• Partnerships with builders for net-zero energy building projects

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9️⃣ 2. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: GREAT STUFF™ PRO, VORACOR® spray polyurethane foam

Dow is a major player in the materials science sector, supplying advanced polyurethane chemistries for spray foam applications. Their products are engineered for durability, moisture resistance, and high R-value, catering to professional contractors and DIY markets.

Sustainability and Innovation Initiatives:

• Investment in next-generation blowing agents to meet environmental regulations

• Focus on enhancing fire resistance and indoor air quality of foam products

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8️⃣ 3. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Spray Polyurethane Foam (SPF) systems, TEROL® polyols

Huntsman’s Polyurethanes division is a key supplier of MDI (methylene diphenyl diisocyanate) and polyols, the essential components of spray foam. They provide system solutions for both open-cell and closed-cell foam applications globally.

Sustainability and Innovation Initiatives:

• Development of bio-based polyol technologies

• Commitment to reducing the carbon footprint of insulation products

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7️⃣ 4. Lapolla Industries, Inc.

Headquarters: Houston, Texas, USA
Key Offering: AirTight® Open Cell, Foam-Lok 2000® Closed Cell

Lapolla is a leading manufacturer and supplier of spray polyurethane foam insulation, coatings, and equipment. The company specializes in high-performance systems for roofing and insulation, with a strong distributor network primarily in North America.

Sustainability and Innovation Initiatives:

• Pioneering fourth-generation blowing agents for lower environmental impact

• Comprehensive contractor training and certification programs

Download FREE Sample Report:
Spray Foam Insulation Market – View in Detailed Research Report

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6️⃣ 5. Demilec (Part of Huntsman Corporation)

Headquarters: Arlington, Texas, USA
Key Offering: Heatlok Soy® (bio-based), Sealection® open-cell foam

Demilec, now part of Huntsman, is recognized for its innovative spray foam solutions, including the popular Heatlok Soy® product which incorporates renewable, bio-based content. The company serves residential, commercial, and industrial insulation markets.

Sustainability and Innovation Initiatives:

• Leadership in bio-based spray foam technology

• Products compliant with stringent volatile organic compound (VOC) regulations

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5️⃣ 6. Icynene (Part of BASF)

Headquarters: Mississauga, Ontario, Canada
Key Offering: Icynene ProSeal®, Icynene Classic Max®

Icynene is a pioneer in soft, open-cell spray foam insulation, known for its exceptional air-sealing properties and sound absorption. Acquired by BASF, it maintains a strong brand presence and is a preferred choice for creating comfortable, quiet, and energy-efficient indoor environments.

Sustainability and Innovation Initiatives:

• Water-blown foam technology, avoiding the use of harsh blowing agents

• Focus on improving residential building envelope performance

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4️⃣ 7. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Baymer® spray foam raw materials, Desmodur® isocyanates

Covestro is a world-leading supplier of high-performance polymer materials, including the essential components for polyurethane spray foam. They provide the chemical building blocks that formulators use to create both open-cell and closed-cell insulation systems.

Sustainability and Innovation Initiatives:

• Development of climate-neutral product variants using alternative raw materials

• R&D into recycling and chemical recovery of polyurethane foams

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3️⃣ 8. Henry Company

Headquarters: El Segundo, California, USA
Key Offering: Henry Tropi-Calc® SPF, Benchmark® SPF

Henry Company is a prominent building products manufacturer with a dedicated line of spray polyurethane foam insulation. Their products are designed for professional application in walls, attics, and roofing systems, emphasizing ease of use and consistent performance.

Sustainability and Innovation Initiatives:

• Focus on product formulations that contribute to LEED certification and other green building standards

• Investment in contractor education for proper installation and safety

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2️⃣ 9. Rhino Linings Corporation

Headquarters: San Diego, California, USA
Key Offering: Rhino Insulation SF (Open Cell), Rhino Thermax (Closed Cell)

Best known for its protective coatings, Rhino Linings also offers a robust line of spray foam insulation products through its global network of applicators. The company provides solutions for thermal insulation, moisture control, and air barrier applications.

Sustainability and Innovation Initiatives:

• Proprietary formulations aimed at maximizing energy savings

• Global franchise model ensuring standardized application quality

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1️⃣ 10. Johns Manville (A Berkshire Hathaway Company)

Headquarters: Denver, Colorado, USA
Key Offering: JM Corbond® IV spray foam systems

Johns Manville is a leading manufacturer of insulation and building materials. Through its Corbond® brand, it markets a complete line of spray foam products, including both open-cell and closed-cell formulations, known for their thermal performance and durability.

Sustainability and Innovation Initiatives:

• Commitment to sustainable manufacturing processes and product stewardship

• R&D focused on enhancing the long-term performance and safety of insulation systems

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Spray Foam Insulation Market – View in Detailed Research Report

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🏠 Outlook: The Future of Spray Foam Insulation Is Smarter and More Sustainable

The spray foam insulation market is evolving rapidly, driven by the global push for energy efficiency and stricter building codes. While traditional products maintain a stronghold, the industry is innovating with eco-friendly formulations, improved application technologies, and enhanced fire safety features.

📈 Key Trends Shaping the Market:

• Accelerated transition to low-GWP (Global Warming Potential) blowing agents to meet regulatory mandates

• Growing integration of spray foam in retrofit and renovation projects for energy upgrades

• Increased demand for bio-based and recycled content in foam formulations

• Digital tools and training for precise application, reducing waste and improving job-site safety

Get Full Report Here:
Spray Foam Insulation Market – View in Detailed Research Report

The companies listed above are not only supplying essential building materials—they are actively shaping a more energy-efficient and sustainable built environment. Their innovations in chemistry, application, and sustainability are crucial for meeting the world’s climate goals.