The Global Spray Polyurethanes Foam (SPF) Market was valued at USD 2.75 Billion in 2024 and is projected to reach USD 4.01 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period (2024–2030). This robust growth is driven by increasing demand for energy-efficient building solutions, stringent government regulations on energy conservation, and the expanding construction sector in emerging economies.

As the construction industry pivots toward sustainable, high-performance insulation materials, the focus intensifies on the key chemical manufacturers and formulators driving innovation and setting industry standards. In this blog, we profile the Top 10 Companies in the Spray Polyurethanes Foam Industry—a mix of chemical giants, specialized formulators, and technology innovators shaping the future of building insulation.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Elastospray®, Elastopor® Spray Systems

BASF is a global leader in polyurethane chemicals and a major supplier of SPF systems. Its product portfolio includes high-performance, energy-efficient spray foams for roofing, wall, and cavity insulation in commercial and residential buildings.

Innovation & Sustainability Initiatives:

• Development of foam systems with low global warming potential (GWP) blowing agents
• Focus on bio-based and recycled content in polyol production
• Commitment to carbon-neutral growth ambitions by 2030

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9️⃣ 2. The Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: VORANOL™ Polyols, SPECFLEX™ Spray Foam Systems

Dow is a cornerstone of the polyurethane industry, supplying essential polyols and isocyanates for SPF formulation. Its SPECFLEX™ systems are widely used for their superior thermal performance and air-sealing properties.

Innovation & Sustainability Initiatives:

• Investment in circular economy initiatives, including plastic waste-to-polyol technologies
• Advancements in next-generation blowing agents to reduce environmental impact
• Product development aligned with building certifications like LEED

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8️⃣ 3. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: TEROL® Polyols, RUBINATE® Isocyanates, Spray Foam Systems

Huntsman’s Polyurethanes division is a key global player, offering a comprehensive range of materials for both open-cell and closed-cell SPF applications. Their products are renowned for durability and high R-value.

Innovation & Sustainability Initiatives:

• Launch of low-GWP and halogen-free spray foam solutions
• Partnerships with contractors and distributors to improve application safety and efficiency
• Focus on sustainable sourcing and reducing the carbon footprint of production

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Spray Polyurethanes Foam (SPF) Market – View in Detailed Research Report

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7️⃣ 4. Covestro AG

Headquarters: Leverkusen, Germany
Key Offering: Baymer®, Desmodur® for SPF formulations

Formerly part of Bayer, Covestro is a leading producer of high-performance polyurethane raw materials. Its isocyanates and polyols are critical components in formulating advanced spray foams with excellent insulation and structural properties.

Innovation & Sustainability Initiatives:

• Pioneering the use of alternative raw materials, including CO2 as a feedstock for polyols
• Development of climate-neutral product offerings
• Strong R&D focus on enhancing fire resistance and long-term performance of SPF

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6️⃣ 5. Lapolla Industries, Inc.

Headquarters: Houston, Texas, USA
Key Offering: AirTight® and Fomo® brand SPF products

Lapolla is a specialized manufacturer and supplier of spray polyurethane foam insulation, coatings, and equipment. It is a dominant player in the North American contractor market, known for its high-quality, field-proven systems.

Innovation & Sustainability Initiatives:

• Introduction of fourth-generation blowing agents for improved environmental profiles
• Comprehensive training and certification programs for applicators
• Focus on product formulations that contribute to healthier indoor air quality

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5️⃣ 6. Demilec

Headquarters: Arlington, Texas, USA
Key Offering: Heatlok Soy® (Bio-based), AplaSeal® SPF Systems

Demilec, part of the Huntsman family, is a leading North American formulator specializing in environmentally progressive spray foam products, including its well-known soy-based formulations.

Innovation & Sustainability Initiatives:

• Leadership in bio-based SPF technology using soy-based polyols
• Products designed to meet stringent VOC and emission standards
• Commitment to sustainable manufacturing practices

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4️⃣ 7. Saint-Gobain (CertainTeed)

Headquarters: Courbevoie, France (CertainTeed: Malvern, Pennsylvania, USA)
Key Offering: CertaSpray® Premium Open and Closed Cell Foams

Through its subsidiary CertainTeed, Saint-Gobain is a major building products corporation with a significant presence in the SPF market. Their CertaSpray® products are backed by extensive technical support and warranties.

Innovation & Sustainability Initiatives:

• Integration of SPF into broader building envelope solutions for maximum efficiency
• Focus on products that contribute to net-zero energy building goals
• Investment in R&D for improved application technology and performance

Download FREE Sample Report:
Spray Polyurethanes Foam (SPF) Market – View in Detailed Research Report

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3️⃣ 8. NCFI Polyurethanes

Headquarters: Mount Airy, North Carolina, USA
Key Offering: Versi-Foam® & Froth-Pak® Spray Foam Kits

NCFI is one of North America’s largest independent polyurethane foam systems manufacturers. They produce a wide array of SPF products for professional and DIY markets, known for their reliability and performance.

Innovation & Sustainability Initiatives:

• Development of proprietary formulations for specific climate zones and applications
• Production of low-VOC and environmentally preferred products
• Strong emphasis on product quality control and consistency

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2️⃣ 9. Icynene Inc.

Headquarters: Mississauga, Ontario, Canada
Key Offering: Icynene Classic & ProSeal spray foam systems

Icynene is a globally recognized brand specializing in medium- and low-density open-cell spray foam. It is celebrated for its superior air-sealing capabilities and moisture management properties.

Innovation & Sustainability Initiatives:

• Pioneering water-blown, low-density foam technology
• Products certified by leading green building programs worldwide
• Ongoing research into enhancing the hygrothermal performance of foams

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1️⃣ 10. Rhino Linings Corporation

Headquarters: San Diego, California, USA
Key Offering: Rhino Therma™ Spray Foam Insulation

Primarily known for protective coatings, Rhino Linings has a strong division dedicated to spray polyurethane foam insulation. They offer systems for both residential and commercial applications through a global distributor network.

Innovation & Sustainability Initiatives:

• Leveraging coating technology expertise for hybrid insulation-coating systems
• Focus on creating durable, long-lasting insulation solutions for harsh environments
• Commitment to providing comprehensive installer training and support

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Spray Polyurethanes Foam (SPF) Market – View in Detailed Research Report

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🏗️ Outlook: The Future of Spray Polyurethane Foam Is Smarter and Greener

The SPF market is undergoing a significant transformation. While traditional formulations continue to dominate, the industry is rapidly advancing toward smarter, bio-based, and low-impact solutions.

📈 Key Trends Shaping the Market:

• Accelerated adoption of next-generation, low-GWP blowing agents (HFOs) to meet regulatory demands
• Increased integration of SPF with smart building systems and Building Information Modeling (BIM)
• Growing demand for bio-based and circular-economy-derived polyols
• Rising focus on enhancing fire safety standards and indoor environmental quality of SPF products

The companies listed above are not only supplying essential insulation materials—they are at the forefront of creating more energy-efficient, sustainable, and resilient built environments globally.

Get Full Report Here:
Spray Polyurethanes Foam (SPF) Market – View in Detailed Research Report