Lucintel Forecasts Spray Foam Equipment Market to Reach $4.4 billion by 2030

According to the recent study the spray foam equipment market is projected to reach an estimated $4.4 billion by 2030, at a CAGR of 8.0% from 2024 to 2030. Growth in this market is primarily driven by the stringent government regulations towards the reduction of greenhouse gas emission and growing demand for automobiles in automotive industry.
Browse 157 figures / charts and 132 tables in this 240 -page report to understand trends, opportunities and forecast in spray foam equipment market by product type (closed cell and open cell), infrastructure type (residential, commercial, and industrial), application (wall insulation, roof insulation, concrete rehabilitation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that wall insulation is expected to remain the largest application segment, and this segment is projected to witness the highest growth over the forecast period, supported by increasing demand for energy-efficient insulation for home and building structures.
Residential is expected to remain the largest infrastructure type, and it will witness the highest growth in the forecast period due to growth in potential homeowners who are looking for eco-friendly and energy efficient insulation for their homes and buildings.
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North America is expected to remain the largest market over the forecast period, supported by increasing residential construction and government regulations for energy efficiency..
Graco, Intech Equipment and Supply, Spray Foam Systems, Vag Polytech Private Limited, Demilec, Specialty Products, Bayer, Profoam Corporation are the major supplier in the spray foam equipment market.
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 write us at helpdesk@lucintel.com