POLYMER FOAM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In 2023, Covestro, a leading global provider of high-performance materials, partnered with the Selena Group, a prominent construction chemicals producer based in Poland, to develop a more sustainable range of polyurethane (PU) foams for improving building thermal insulation. The partnership focuses on creating materials that not only enhance energy efficiency but also significantly reduce environmental impact. The new PU foams are ISSC Plus certified, indicating the use of plant-based feedstocks through the mass balancing approach, resulting in a remarkable 60% reduction in carbon footprint compared to traditional fossil-derived competitors. This partnership reflects a shared commitment to sustainability within the construction industry, addressing the growing demand for eco-friendly building solutions that minimize greenhouse gas emissions and combat climate change.
• In 2023, BASF, a leading chemical company, introduced Irgastab PUR 71, a groundbreaking antioxidant designed to enhance regulatory compliance and performance in polyols and polyurethane foams. This premium solution addresses the limitations of traditional anti-scorch additives while prioritizing environmental, health, and safety considerations.
• In 2023, Covestro, a leading global provider of high-performance materials, partnered with the Selena Group of Poland to develop a more sustainable variety of polyurethane (PU) foams aimed at enhancing building thermal insulation. This innovative partnership focuses on creating materials that not only improve energy efficiency but also reduce environmental impact.
• In 2022, Huntsman introduced Acoustiflex VEF BIO, a groundbreaking visco-elastic foam derived from vegetable oils, designed specifically for moulded acoustic applications in the automobile industry. This innovative foam contains up to 20% bio-based content, aligning with the industry's increasing focus on sustainability and reducing environmental impact.