The global Polymer Foam Market size is anticipated to reach USD 588.99 billion by 2030 and is anticipated to expand at a CAGR of 23.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Polymer foams are often lightweight, have high energy absorption, a high strength-to-weight ratio, and provide comfort due to their flexibility and softness. Growing population in the emerging economies of Asia Pacific, rising disposable income, and increase in purchasing power parity are the factors expected to propel the demand for automobiles over the forecast period.
Furthermore,
various factors such as foam density, tensile strength, elongation, hardness,
and vibration dampening are considered while designing the car seat. Providing
comfort to an individual is also one of the key factors considered by
automotive seat manufacturers. Polyurethane (PU) foams are durable,
lightweight, versatile, resistant to corrosion & vibration, and recyclable
and offer a high level of freedom in terms of geometric design.
Moreover,
the growing global elderly population, particularly in Japan and Germany, has
increased demand for memory foam-based bedding products including mattresses
and pillows. Mattresses manufactured from these foams support the entire body
and assist to relieve pain. Additionally, the growing influence of sustainable
building materials is driving up demand for building materials that contribute
to building energy efficiency. Polyurethane foams can assist in reducing the
carbon emissions that lead to global warming by providing insulation to
buildings. Some of the common application areas of polyurethane foams in buildings
include pipes, roofs, cavity walls, and floors.
Related Press
Release@ Polymer Foam Market Report
Polymer Foam Market Report Highlights
- Polystyrene foam
type dominated the source segment with more than 88.0% share in 2023. The
growth in the construction sector, including residential, commercial, and
infrastructure projects, drives the demand for expanded polystyrene foam
foams due to their excellent thermal insulation properties.
- The
polyurethane foam type segment is expected to grow at a significant CAGR
over the forecast period.
- The building
& construction application segment held the largest market share of
37.12% in 2023. Building & construction is expected to be the most
important industry for polymer foam products owing to their various
beneficial characteristics including excellent sound & thermal
insulation, strength to weight ratio, load bearing capacity, and chemical
resistance.
- The robust
growth of building & construction and automotive industries coupled
with ambitious wind energy capacity addition targets set by China, India,
Germany, and the UK is expected to boost the demand for polymer foam
across several end-use industries.
- Asia Pacific
dominated the market owing to the substantial industrial growth and
urbanization, which has resulted in an increase in demand for lightweight
materials such as polymer foams in a variety of industries such as
construction, automotive, packaging, and electronics. In addition, the
Asia Pacific region has a vast and quickly rising population.
- In January
2023, Firestable Insulation Company launched industry-leading open &
closed cell spray foam products, including StablebaseTM 2.0 Max R and
StablebaseTM 0.5 Max Yield spray polyurethane foam (SPF). StablebaseTM 2.0
Max R is a two-component, next-generation hydrofluoroolefins (HFO) blown,
closed-cell, spray-applied polyurethane foam solution. Similarly,
StablebaseTM 0.5 Max Yield is a two-component, one-to-one, open-cell,
spray-applied polyurethane foam.
Polymer Foam Market Report
Scope
|
Report Attribute |
Details |
|
Market size value in 2024 |
USD 162.90 billion |
|
Revenue forecast in 2030 |
USD 588.99 billion |
|
Growth rate |
CAGR of 23.9% from 2024 to 2030 |
|
Base year for estimation |
2023 |
|
Historical data |
2018 - 2022 |
|
Forecast period |
2024 - 2030 |
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Polymer Foam Market Segmentation
Grand
View Research has segmented the global polymer foam market on the basis of
type, application, and region:
Polymer Foam Type Outlook (Volume, Tons; Revenue, USD
Thousand, 2018 - 2033)
- Polyurethane
Foam
- Polystyrene
Foam
- PVC Foam
- Phenolic
Foam
- Polyolefin
Foam
- Melamine
Foam
- Others
Polymer Foam Application Outlook (Volume, Tons; Revenue,
USD Thousand, 2018 - 2033)
- Packaging
- Building
& Constructions
- Furniture
& Bedding
- Automotive
- Rail
- Wind
- Marine
- Others
Polymer Foam Regional Outlook (Volume, Tons; Revenue, USD
Thousand, 2018 - 2033)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Indonesia
- Central
& South America (MEA)
- Brazil
- Middle East
and Africa (MEA)
List of Key Players in the Polymer Foam Market
- Arkema Group
- Armacell
International S.A.
- BASF SE
- Borealis AG
- Fritz Nauer
AG
- Koepp Schaum
GmbH
- JSP
Corporation
- Polymer
Technologies, Inc.
- Recticel NV
- Rogers
Corporation
- SEKISUI
ALVEO AG
- Synthos S.A.
- DowDuPont,
Inc.
- Trelleborg
AB
- Zotefoams
plc
- Woodbridge
Foam Corporation
- Sealed Air
Corporation
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
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