Background on the Leading Insulation Spray Foam. Established in 1986, Icynene Inc. offers a complete portfolio of high-performance spray foam insulation solutions. In the past 25 years, more than 3 billion board feet of Icynene spray foam insulation has been installed in more than 300,000 residential and commercial projects. Icynene spray foam insulation products are sold in more than 30 countries. In addition to unique product benefits that make other insulation types obsolete, Icynene is known for offering its partners exceptional support in line with our company vision, mission and values.