Icynene
Icynene is a Canadian spray polyurethane foam insulation manufacturer, founded in 1986 in Mississauga, serving residential and commercial building markets. Following 2017 acquisitions of Lapolla and ISOLAT France, it was integrated into Huntsman Building Solutions in September 2024.
- Company typePrivate
- Founded1986
- HeadquartersMississauga, Canada
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Icynene does
Icynene is a Canadian manufacturer and distributor of spray polyurethane foam (SPF) insulation products, headquartered in Mississauga, Ontario, and founded in 1986. The company historically served the building and construction insulation market with spray-applied polyurethane foam technology used in residential and commercial building envelopes, operating with a headcount of 51-100 employees. Its core product category — open-cell and closed-cell spray polyurethane foam — is specified at the building design stage by contractors, builders, and code consultants, with the installed insulation persisting for the life of the structure.
In 2017, Icynene pursued an aggressive inorganic growth strategy, acquiring Houston-based Lapolla Industries for approximately $160 million and France-based ISOLAT France for an undisclosed amount, subsequently operating as Icynene-Lapolla with both North American and European footprints. The combined entity was later acquired and consolidated into Huntsman Building Solutions, a subsidiary of Huntsman Corporation, with the integration formally completed in September 2024 under the leadership of newly appointed President Douglas Brady. The integration positioned Huntsman Building Solutions as the largest SPF company worldwide.
Following the 2024 integration, Icynene operates as a sub-brand within Huntsman Building Solutions rather than as an independent entity. Its original website (icynene.com) currently displays only a placeholder page, and company-specific financial, pricing, and product data are not publicly disclosed. The business model centers on B2B distribution of SPF insulation through contractor and builder channels, with revenue mechanics tied to construction activity cycles and insulation specification decisions.
Icynene firmographics
Firmographics- Name
- Icynene
- Website
- https://icynene.com
- Company type
- Private
- Founded year
- 1986
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- Icynene is a Canadian spray polyurethane foam insulation manufacturer, founded in 1986 in Mississauga, serving residential and commercial building markets. Following 2017 acquisitions of Lapolla and ISOLAT France, it was integrated into Huntsman Building Solutions in September 2024.
- Ownership category
- akta.pro rank
Icynene industry classification
Industry- Product category
- Spray Foam Insulation Products
- akta.pro primary industry
- Spray Polyurethane Foam (SPF) Systems Manufacturing (IMANAIAL)
Keywords
Where Icynene is headquartered
LocationHeadquarters
- HQ city
- Mississauga
- HQ country
- Canada
- HQ region
- North America
Markets served
Icynene business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales
Icynene product offering
Product offeringCore offering
Icynene is a Canadian manufacturer and distributor of spray polyurethane foam (SPF) insulation products used in residential and commercial building envelopes. The company supplies spray-applied insulation systems that provide thermal insulation, air sealing, and moisture control, with open-cell and closed-cell formulations. Following its acquisition, the business operates as part of Huntsman Building Solutions within Huntsman Corporation.
Product overview
Insufficient data available. The company website (icynene.com) displays only a loading/verification page with no accessible product information. Based on market context, Icynene historically operated in the spray polyurethane foam (SPF) insulation market. According to industry sources, Icynene-Lapolla was integrated into Huntsman Building Solutions, which became the largest SPF company worldwide.
Differentiator
Problem solved
Functional benefit
Products and services
- Spray Polyurethane Foam (SPF) Insulation Spray-applied polyurethane foam insulation products that combine thermal insulation, air sealing, and moisture control for walls, roofs, and attics in residential and commercial buildings.
- Open-Cell SPF Insulation
Companies that use Icynene
Customer profileIdeal customer profiles2 records
Icynene technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Icynene partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Huntsman Building SolutionscoreIcynene-Lapolla was integrated into Huntsman Building Solutions as part of Huntsman Corporation's consolidation of its spray polyurethanes foam (SPF) business. Douglas Brady, who previously worked at Icynene-Lapolla, was appointed President of Huntsman Building Solutions in September 2024, making it the largest SPF company worldwide. This integration represents Huntsman Corporation's acquisition and consolidation of Icynene-Lapolla's operations under its building solutions division.
Recent moves4 records
Expansion highlights3 records
Icynene competitors and assessment
Company assessmentBroad incumbents
- Huntsman Building Solutions: The consolidated SPF platform within Huntsman Corporation that now houses Icynene-Lapolla; the largest spray polyurethane foam insulation company worldwide and the direct acquirer/integrator of Icynene's operations.
- Dow Chemical: Diversified chemicals producer with polyurethane systems and insulation-relevant raw materials, competing with Icynene in SPF chemistry and adjacent building envelope solutions.
- Owens Corning: Large insulation and building materials producer with thermal envelope offerings that compete with Icynene's SPF in residential and commercial building applications.
- Johns Manville: Building insulation manufacturer (Berkshire Hathaway) offering a broad portfolio of thermal and acoustic insulation products including SPF-adjacent solutions for residential and commercial construction.
- CertainTeed (Saint-Gobain): Building products subsidiary of Saint-Gobain producing insulation, roofing, and wall systems that overlap with Icynene's spray foam insulation category for residential and light commercial markets.
- BASF: Global chemical manufacturer producing polyurethane systems and MDI/polyol raw materials that feed SPF insulation formulations, overlapping with Icynene at both the chemistry and finished-system levels.
Others
Regional players
- Knauf Insulation: Global insulation manufacturer with a strong European presence, competing with Icynene (especially post-ISOLAT France acquisition) across thermal insulation categories for building envelopes.
Direct peers
- Lapolla Industries: Spray polyurethane foam insulation manufacturer acquired by Icynene in 2017 for $160M; now part of the same Huntsman Building Solutions platform, sharing product, customer, and channel overlap with Icynene.
- Demilec: Spray polyurethane foam insulation manufacturer (also integrated into Huntsman Building Solutions) that historically competed head-to-head with Icynene in North America and shares overlapping leadership DNA via Douglas Brady.
Market position
Strengths3 records
Weaknesses3 records
Competitive moat4 records
Key risks4 records
Key highlights4 records
Customer concentration
Icynene social profiles
Digital presenceIcynene financial estimates
Financial estimateRevenue estimate
Valuation estimate
Icynene leadership team
Management profileNumber of profiles
Icynene funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Icynene M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Icynene
What does Icynene do?
Icynene is a Canadian manufacturer and distributor of spray polyurethane foam (SPF) insulation products used in residential and commercial building envelopes. The company supplies spray-applied insulation systems that provide thermal insulation, air sealing, and moisture control, with open-cell and closed-cell formulations. Following its acquisition, the business operates as part of Huntsman Building Solutions within Huntsman Corporation.
Is Icynene a public or private company?
Icynene is a private company. It is classified as corporate owned and is currently acquired.
When was Icynene founded?
Icynene was founded in 1986. It employs 51 to 100 people.
Where is Icynene based?
Icynene is headquartered in Mississauga, Canada, in the North America region.
Who are Icynene's main competitors?
Broad incumbents on record are Huntsman Building Solutions, Dow Chemical, Owens Corning, Johns Manville, CertainTeed (Saint-Gobain) and BASF. Covestro is listed as an others. Knauf Insulation is listed as a regional player. Direct peers are Lapolla Industries and Demilec.
Does Icynene have an API?
No public API is recorded for Icynene.
What industry is Icynene in?
Icynene's product category is Spray Foam Insulation Products. Its primary akta.pro industry code is IMANAIAL, Spray Polyurethane Foam (SPF) Systems Manufacturing.