Global Polymer Foam Market Share Is Expected to Grow At A CAGR Value Of Around 4.01% By 2028

19-May-2022 | Facts and Factors

According to Facts and Factors, the global polymer foam market was valued at USD 91.5 billion in 2021 and is predicted to increase at a CAGR of 4.01% to USD 101.12 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

The polymer foam market is predicted to develop due to a significant increase in demand for various polymer foams in building, furniture, and automotive applications. Polyurethane is appropriate for various furniture foams and automobile seats because of its low density, low heat conduction coefficient, and low water absorption. Furthermore, as an inert substance, polystyrene styrene foam is frequently used in vacuum cleaners, microwave parts, food packaging, and laboratory trays. Furthermore, as rising countries' disposable income rises, so will the demand for electronic equipment and packing foams. This rising demand is projected to propel the market for such foams forward. However, the availability of a wide choice of eco-friendly alternatives, as well as increased government concern about environmental difficulties caused by plastics, may have a detrimental impact on the market. Nonetheless, advances in additive manufacturing for polyurethane foam enable the printing of products in bespoke sizes and forms for packaging applications, boosting market growth even further. Such innovations will open up attractive prospects that will influence market growth.

Browse the full “Polymer Foam Market By Resin Type (Polyurethane, Polystyrene, Polyolefin, Phenolic, Others), By Application (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports & Recreational, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast Report 2022 – 2028"  report at https://www.fnfresearch.com/polymer-foam-market

The usage of polymer foam-based products has a number of advantages, including being lightweight and adaptable, corrosion resistance, high durability, mildew resistance, and recyclable. Polymer foams have features that make them appropriate for a variety of end-use industries, including building and construction, food and beverage, automotive, medical, and maritime. Surging usage of Polyurethane (PU) in automotive applications such as cushioned instrument panels, airbags, passenger car seat cushions, gasket seals, and arm & headrests are also propelling the industry forward. Furthermore, the growing demand for electric vehicles around the world contributes to the market's expansion. Aside from manufacturers' increased focus on creating lightweight, fuel-efficient, and durable structures, this industry is expected to rise. Polyurethane foams are projected to have significant demand in the Asia Pacific automobile industry due to the aforementioned characteristics and their extensive application breadth.

Segmental Overview

The category of polyurethane resins is predicted to increase at the fastest rate, based on resin type. Polyurethane has a low heat conduction coefficient, a low density, a low rate of water absorption, strong mechanical strength, and excellent insulating properties. There are many different rigidities, hardness, and densities of PU foam. Low-density flexible foams are used in upholstery, bedding, vehicle and truck seating, and innovative inorganic plant substrates for roof or wall gardens. RTM cores and thermal insulation both use low-density foams.

The polymer foam market was dominated by the building and construction industry. In the building and construction business, polymer foams are used for forging, pipe-in-pipe, doors, roof boards, and slabs. In the building and construction business, PU is the most used insulation foam. It has a low heat conduction coefficient, a low density, a low water absorption rate, and strong mechanical and insulating qualities, all of which are beneficial in the building and construction industry.

Regional Overview

Due to increased demand from various applications such as packaging and building activities, Asia Pacific is expected to be the largest region in the market over the forecast period. The market in the Asia Pacific is primarily driven by factors such as increased building and construction activity, which can be attributed to the region's growing population and rising disposable income. The Asia Pacific will continue to dominate the worldwide polymer market share, with China emerging as the largest producer and consumer of these foams. The market is also predicted to develop the fastest in this region. Due to their expanding populations and construction activity, China, Japan, and India are the primary countries contributing to the region's market growth.

Report Scope

Competitive Landscape

The report contains qualitative and quantitative research on the global Polymer Foam Market and detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

List of Key Players in the Global Polymer Foam Market:

• BASF SE (Germany)
• Rogers Corporation (US)
• The Dow Chemical Company (US)
• Recticel NV/SA (Belgium)
• Sealed Air Corporation (US)
• Huntsman International LLC (US)
• Armacell International S.A. (Germany)
• Zotefoams plc (UK)
• Covestro AG (Germany)
• JSP Corporation (Japan)
• Kaneka Corporation (Japan)
• Hanwha Chemical Corporation (South Korea)

The global Polymer Foam market is segmented as follows;

By Resin Type:

• Polyurethane
• Polystyrene
• Polyolefin
• Phenolic
• Others (melamine, PVC, silicone, rubber, and polyvinylidene fluoride (PVDF))

By Application:

• Building & Construction
• Packaging
• Automotive
• Furniture & Bedding
• Footwear, Sports & Recreational
• Others (aerospace & aviation, wind energy, refrigerator, medical, and marine)

By Region:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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