Product Code: CMI7410
Global polymer foam market is estimated to be valued at USD 110.67 Bn in 2024 and is expected to reach USD 156.76 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 110.67 Bn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
5.10% |
2031 Value Projection: |
US$ 156.76 Bn |
Figure. Polymer Foam Market Share (%), By Region, 2024
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
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Polymer Foam Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global Polymer Foam Market - COVID-19
- Impact Analysis
5. Global Polymer Foam Market, By Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Polyurethane Foam
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Polystyrene Foam
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Polyethylene Foam
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- PVC Foam
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
6. Global Polymer Foam Market, By Application, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Packaging
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Insulation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Automotive
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Bedding & Furniture
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
7. Global Polymer Foam Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019- 2031, (US$ Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (US$ Bn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- BASF SE
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Dow Inc.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Covestro AG
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Sekisui Chemical Co., Ltd.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Huntsman Corporation
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Recticel NV
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Armacell International S.A.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Zotefoams plc
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Sealed Air Corporation
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Kaneka Corporation
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Woodbridge Foam Corporation
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Synthos S.A.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Eurofoam Group
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Sonoco Products Company
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Foampartner Group
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Carpenter Co.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Foamcraft, Inc.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- FXI Holdings, Inc.
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Greiner AG
- Company Overview
- Type Portfolio
- Recent Developments/Updates
- Rogers Corporation
- Company Overview
- Type Portfolio
- Recent Developments/Updates
9. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Section
- References
- Research Methodology
- About Us and Sales Contact
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