Polymer Foam Market Forecasts by Global Industry Analysis Report 2030

Polymer Foam Market Growth & Trends 

The global polymer foam market size is expected to reach USD 170.1 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.6% from 2022 to 2030. Rising demand from the automotive and building and construction industries is likely to drive the market. Polymer foams are widely utilized in combination with other materials in various composite constructions, high-resilience foam seating, rigid insulation panels, automotive components, carpet underlays, upholstery stuffing, and packaging, among other applications.

U.S. polymer foam market size, by type, 2020 - 2030 (USD Billion)

Polymer Foam Market Segmentation

Grand View Research has segmented the global polymer foam market on the basis of type, application, and region:

Based on the Type Insights, the market is segmented into Polyurethane Foam, Polystyrene Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, Others.

  • Polystyrene foam was the largest type segment with a revenue share of more than 30.0% in 2021. It is expected to maintain its lead throughout the forecast period. The type is used in various applications, including furniture, cushions, and carpets. It has a wide customer base owing to its superior capabilities, such as lightweight, low heat and sound transfer, high-energy dissipation, and insulation. Increasing demand for residential and commercial space in Southeast Asian countries, such as Singapore, Korea, and Indonesia, is further expected to fuel the type demand in construction applications.
  • Expanded polystyrene foam is one of the lightest materials and on account of its high strength to weight ratio, it is used in packaging applications as it results in low fuel consumption and transport cost savings. It can also be used in rail applications, such as the construction of train station platform extensions and rail embankment. The rail infrastructure construction projects in Asia Pacific and the Middle East and Africa are expected to drive the demand for polystyrene foam over the forecast period.

Based on the Application Insights, the market is segmented into Packaging, Building & Constructions, Furniture & Bedding, Automotive, Rail, Wind, Marine, Others.

  • The building and construction segment held the largest revenue share of more than 30.0% in 2021 owing to the rising applications of polymer foam for insulation purposes, flooring, pipe, molding, and in wire and cables. The furniture and bedding segment is expected to witness growth owing to increasing applications, such as carpet padding, fibers, chair cushions, mattress padding, and furniture.
  • The automotive segment is estimated to witness lucrative growth over the forecast period on account of the increasing product use in various automotive components, such as seats, dashboards, power trains, and suspension bushings. The recovery of the U.S. automobile sector, coupled with the increasing automotive demand in the emerging economies of India and China, is expected to have a positive impact on the overall market growth. Packaging is expected to follow the automotive segment and is likely to witness significant growth owing to surging demand for polystyrene foams from the packaging sector.

Polymer Foam Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East and Africa (MEA)

Key Companies Profile & Market Share Insights

The market is fragmented in nature with various regional players and well-established global manufacturers. The majority of the manufacturers are based in North America and Europe and therefore these regions witness the high competition. The market players offer a wide variety of polymer foams based on polyurethane, polyethylene, polyether, and expanded polystyrene and serve a broad range of markets, such as construction, wind energy, automotive, mass transportation, marine, and packaging.

Some of the prominent players operating in the global polymer foam market include,

  • 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

Order a free sample PDF of the Polymer Foam Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

South Africa Veterinary Medicine Market Size, Share, Revenue Analysis By 2028

Image
South Africa Veterinary Medicine Industry Overview The  South Africa veterinary medicine market  size is expected to reach USD 248.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.1% from 2021 to 2028. The market holds many opportunities to grow during the forecast period owing to the growing livestock and pet population, increasing consumption of meat, rising incidence of diseases in animals, and the presence of key global companies. According to a report published by the African Union/Interafrican Bureau for Animal Resources (AU/IBAR), MSD Animal Health leads the South African market for veterinary medicines, followed by other key companies. South Africa Veterinary Medicine Market Segmentation Grand View Research has segmented the South Africa veterinary medicine market on the basis of animal type, product, mode of delivery, and end-use: Based on the Animal Type Insights, the market is segmented i...
Read more

U.S. Cold Storage Market Distributor Analysis and Forecasts By 2030

Image
U.S. Cold Storage Market Growth & Trends The  U.S. cold storage market  size is estimated to reach USD 96.90 billion by 2030, expanding at a CAGR of 13.6% over the forecast period, according to the new research conducted by Grand View Research, Inc. The U.S. is widely regarded as one of the leading markets in developing technologies responsible for the effective management of cold storage processes. The pharmaceutical industry is expected to offer growth opportunities to the market. Inventory management of pharmaceutical goods, such as vaccines   and medicines, is an expensive process that necessitates adequate security measures to maintain product quality. Advanced cold storage technologies that offer beneficial features, such as advanced refrigeration technologies and monitoring and tracking systems of various products like fruits and vegetables, significantly mitigate the possibility of wastage of temperature-sensitive goods. U.S. Cold Storage Market S...
Read more

Fencing Market Competitive Landscape And Component Benchmarking 2030

Image
Fencing Market Growth & Trends The global  fencing market  size is anticipated to reach USD 44.39 billion by 2030, growing at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing need to safeguard agricultural assets and the aggressive investments being made by private companies in strengthening the security and enhancing the aesthetics of their premises are expected to drive the growth of the market over the forecast period. The growth of the  real estate market  and the increase in the number of remodeling projects being undertaken are expected to contribute to the growth of the market. Fencing Market Segmentation Grand View Research has segmented the global fencing market based on material, distribution channel, installation, application, end use, and region: Based on the Material Insights, the market is segmented into Metal, Wood, Plastic & Composite, Concrete. The metal segment accounted for ...
Read more