SPRAY FOAM INSULATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Key Developments

• In June 2024, Huntsman Building Solutions , a leading global manufacturer of specialty chemicals and building materials. launched Icynene Xpress 55, an innovative spray foam insulation product designed to enhance energy efficiency and sustainability in building applications. This new offering reflects Huntsman's commitment to providing high-performance insulation solutions that meet the evolving needs of the construction industry.
• In May 2024, Spray Foam Holdings, a prominent player in the spray foam insulation industry, announced the acquisition of Thermoseal USA, a well-established manufacturer of high-performance insulation products. This strategic move is part of Spray Foam Holdings' plan to transform and strengthen the Thermoseal brand, positioning it as a leader in the evolving insulation market
• In March 2024, Cameron Ashley Building Products, a major distributor of building materials in the U.S., announced the acquisition of Appalachian Insulation Supply. This strategic move expands Cameron Ashley's insulation product offering and strengthens its footprint in the Southeastern region of the country.
• In January 2024, Holcim Building Envelope, a division of the global construction materials giant- Holcim, announced the launch of Enverge, an innovative and sustainability-focused spray foam insulation brand. Enverge aims to revolutionize the way the world insulates buildings, with a mission of creating more energy-efficient structures and healthier living environments.