Spray Foam Market Insights Video

According to Cognitive Market Research, the global Spray Foam market size was USD 2415.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.90% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 966.20 million in 2024 and will rise at the compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 724.65 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 555.57 million in 2024 and will rise at a compound annual growth rate (CAGR) of 8.9% from the year 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 120.78 million in 2024 and will rise at a compound annual growth rate (CAGR) of 6.3% from the year 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 48.31 million in 2024 and will rise at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.
• The packaging category is the fastest growing segment of the Spray Foam industry