Polymer Foam Market

The report "Polymer Foam Market by Resin Type (PU, PS, PO, Phenolic), Foam Type (Rigid, Flexible), End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports, & Recreational), and Region - Global Forecast to 2030 ", The global polymer foam market is projected to grow from USD 102.61 billion in 2024 to USD 142.02 billion by 2030, at a CAGR of 5.6% during the forecast period.

Browse 234 market data Tables and 50 Figures spread through 286 Pages and in-depth TOC on "Polymer Foam Market by Resin Type (PU, PS, PO, Phenolic), Foam Type (Rigid, Flexible), End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports, & Recreational), and Region - Global Forecast to 2030 "
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There are various factors due to which the demand for polymer foam will grow in the coming years. Modern breakthroughs in foam materials have developed light, tough, high-performance foams with thermal insulation, sound dampening, and flame retardance, which have found extensive use in the automotive, construction, and packaging sectors. Concurrently, the sustainable trend has also seen the growth of bio foams and recyclable foams due to the demand for environmentally friendly products due to the local content regulations that ban the use of some materials. These advances, especially the prospects for polymer foams with reduced energy use or less environmentally burdensome polymers, spur growth of the polymer foam market.

By 2030, the building & construction segment is expected to account for the largest share of the polymer foam market by end-use industry in terms of value.

By end-use industry, the building & construction segment is estimated to have the largest market share by value. Because of the increasing demand for energy-efficient and environmentally sound building materials, the building and construction sector will keep dominating the polymer foams market. Some of the polymer foams such as, but not limited to, polyurethane (PU) and polystyrene (PS), are used for thermal and acoustical insulation and structural infill systems in walls, roofs, and floors, thus contributing to the energy performance of the building. Besides these reasons, issues relating to green construction practices and energy efficiency and related government policies promoting low-energy buildings have driven the application of polymer foams in the context of both residential and commercial development. Additionally, polymer foams are light in weight, and thus less supportive of increased costs of construction and increasing the capacity of the buildings to sustain better.

Polyurethane segment is expected to account for the largest market share by resin type in terms of value during the forecast period.

Based on resin type, the polyurethane segment is estimated to account for the largest share of the market during the forecast period. This unique market share can be attributed to polyurethane’s versatility and a vast range of applications in major sectors, including automotive, construction, packaging, and bedding and furniture sectors. Both rigid and flexible polyurethane foams are often chosen due to characteristics like durability and lightweight nature. Polyurethane is used for soundproofing, energy absorption, and thermal insulation applications in the building and construction industry. It is also found in the automotive sector and in sealing and cushioning functions. Thus, polyurethane’s ability to meet a wide range of functional requirements is one of the primary reasons for its dominance in the polymer foam market.

Asia Pacific region is projected to register the largest market share during the forecast period.

The polymer foam market has been studied in Asia Pacific, Europe, North America, Middle East & Africa, and South America.

Asia Pacific is estimated to lead the market during the forecast period. The Asia-Pacific region is expected to have the largest market share in the polymer foam market due to numerous factors. The rapid urbanization and industrialization of countries and areas in the Asia Pacific have led to a substantial increase in demand for polymer foams in construction industries, automotive, and packaging, especially in developing countries such as China, India, and Southeast Asian countries. The increasing construction activities in these regions utilize polymer foams in residential and commercial buildings for insulation, soundproofing, and structural uses. Also boosting the product demand is the region’s growing automotive manufacturing sector, which is on the rise due to lightweight materials, such as polyurethane and polystyrene foams, which help improve the efficiency of motor vehicles. Due to the expansion of the e-commerce and retail industries in the Asia Pacific region, there has also been an increasing requirement for polymer foams used in packaging. In addition, the growth of this market is facilitated by the presence of cheap raw materials and labor and the growing commitment towards investments in eco-friendly foam technologies.

Prominent players in this market include ARMACELL (Luxembourg), Sheela Foam Limited (India), Kingspan Insulation, LLC (Ireland), Owens Corning (US), Saint-Gobain (France), Dura Foam Industries Pvt, Ltd.(India), FXI (US), Aeroflex USA, Inc. (US), Duroflex Foam (India) and Zotefoams plc (UK).

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