Polymer Foam Market size is expected to reach USD 170.1 billion by 2030

 Polymer Foam Industry Overview

The global polymer foam market size was valued at USD 123.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2022 to 2030.

 

Growing applications in various industries, such as packaging, furniture and bedding, and automotive industries, are expected to drive the demand for polymer foam. Polymer foams are extremely lightweight and versatile, highly durable, mildew resistant, and dermatologically friendly. These properties make them safe and recommendable for numerous consumer applications. Polyurethane-based foams are widely used in the building and construction, automotive, and marine industries.

 

Polyurethane (PU) foams are durable, lightweight, versatile, resistant to corrosion and vibration, recyclable, and offer a high level of freedom in geometric design. PU foams are increasingly used in various passenger car seat cushions, gasket seals, arm rests, head rests, cushioned instrument panels, airbags, and other components to create lightweight, fuel-efficient, and durable structures. Owing to the above factors and their broad application scope, polyurethane foams are expected to witness significant demand in the Asia Pacific automotive industry.

 

Gather more insights about the market drivers, restrains and growth of the Global Polymer Foam Market

 

Environmental benefits of the polymer foam include high recyclability, clean incineration for pollutant filtration, reduced wastage, and greater sustainability. However, several governments and federal agencies are increasingly raising concerns regarding the detrimental health effects of isocyanates utilized in polyurethane production. Significant technological advancements, such as the introduction of bio-based polyols and non-toxic isocyanates, are also likely to promote the demand for polymer foams in several applications.

 

Existing and new market entrants are thus compelled to innovate or improve their current production processes to gain higher margins in this extremely competitive industry. Major multinationals such as Bayer and the Dow Chemical Company have developed innovative manufacturing processes and raw materials to reduce dependence on conventional fossil-fuel based resources and improve production yield.

 

Emerging markets across Asia Pacific are gearing up their production facilities to meet the ever-growing demand from the burgeoning population. Countries such as China and India with high GDP growth rates are expected to witness rapid expansion in the automotive, construction, pharmaceuticals, and manufacturing sectors. These factors are likely to foster demand in several related applications.

 

Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports

  • Coating Equipment Market: The global coating equipment market size was estimated at USD 16.62 billion in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 5.3% from 2022 to 2030.
  • Persulfates Market: The global persulfates market size was valued at USD 808.16 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.5% from 2022 to 2030. 

 

Key Companies Profile

Some prominent players 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

 

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

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