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

Global polymer foam market growth is driven by rising demand of Global polymer foam from various end-use industries such as automotive, construction, packaging, furniture, and others. Polymer foams are extensively used in insulation, cushioning, safety padding, floatation, and other applications due to properties like lightweight, durability, resistance to moisture and chemicals, and good energy absorption. Rapid urbanization and industrialization along with growth in building & construction activities globally can boost demand for insulation material, and this boosts the consumption of polymer foams. Replacement of heavy conventional materials with lightweight polymer foams in automotive and transportation industry enhances fuel efficiency and reduces vehicle weight. However, volatile raw material prices and strong competition from substitute products can pose challenges to market players.

Market Dynamics:

Global polymer foam market growth is driven by growing demand for polymer foam from end-use industries such as automotive, packaging, building & construction, and furniture. Rapid urbanization and infrastructure development activities worldwide can drive the construction sector, which utilizes polymer foam for insulation. Moreover, stringent regulations regarding fuel efficiency and emission norms prompt automakers to reduce vehicle weight significantly by incorporating lightweight yet durable polymer foams. However, fluctuating prices of raw materials like propylene, ethylene, and polyolefin used for making polymer foams can pose major challenge. Availability of substitute products provides stiff competition to market players. Ongoing R&D for bio-based and environment-friendly green foams presents new growth opportunities.

Key features of the study:

• This report provides in-depth analysis of the global polymer foam market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global polymer foam market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include BASF SE, Dow Inc., Covestro AG, Sekisui Chemical Co., Ltd., Huntsman Corporation, Recticel NV, Armacell International S.A., Zotefoams plc, Sealed Air Corporation, Kaneka Corporation, Woodbridge Foam Corporation, Synthos S.A., Eurofoam Group, Sonoco Products Company, Foampartner Group, Carpenter Co., Foamcraft, Inc., FXI Holdings, Inc., Greiner AG, Rogers Corporation
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global polymer foam market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global polymer foam market

Detailed Segmentation-

• By Type Insights (Revenue, USD Bn, 2019 - 2031)
• • Polyurethane Foam
  • Polystyrene Foam
  • Polyethylene Foam
  • PVC Foam
  • Others
• By Application Insights (Revenue, USD Bn, 2019 - 2031)
• • Packaging
  • Insulation
  • Automotive
  • Bedding & Furniture
  • Others
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
• • BASF SE
  • Dow Inc.
  • Covestro AG
  • Sekisui Chemical Co., Ltd.
  • Huntsman Corporation
  • Recticel NV
  • Armacell International S.A.
  • Zotefoams plc
  • Sealed Air Corporation
  • Kaneka Corporation
  • Woodbridge Foam Corporation
  • Synthos S.A.
  • Eurofoam Group
  • Sonoco Products Company
  • Foampartner Group
  • Carpenter Co.
  • Foamcraft, Inc.
  • FXI Holdings, Inc.
  • Greiner AG
  • Rogers Corporation