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Lucintel’s latest market report analyzed that spray foam insulation provides attractive opportunities in the residential, commercial, and other end use industries. The spray foam insulation market is expected to reach $2.7 billion by 2027 with a CAGR of 6.3%. In this market, wall insulation is the largest segment by application, whereas residential is the largest segment by end use industry. The development of fourth generation blowing agent and increasing green building insulation which focus on energy conservation and sustainable building practices provides strategic growth path in this market.
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Based on application, the spray foam insulationmarket is segmented into wall insulation, roof insulation, concrete rehabilitation, and others. Lucintel forecasts that the wall insulation market accounted for the largest share of the market in 2020 and it will witness the highest growth over the forecast period, supported by increasing demand for energy-efficient insulation for home and building structures.
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The spray foam insulation market is marked by the presence of several big and small players. Some of the prominent players offering spray foam insulation include BASF SE, FFL PArtners LLC, Carlisle Companies Inc., Huntsman Corporation, and Saint-Gobain.
https://www.lucintel.com/spray-foam-insulation-market.aspx
This unique 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 [email protected] .
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com
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