Reports
Global Foam Plastics Market: By Type: Polyurethane, Polystyrene, Polyolefin, Phenolic, Others; By Application: Building and Construction, Packaging, Automotive, Furniture and Bedding, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Foam Plastics Market Outlook
The global foam plastics market reached a value of about USD 109.1 billion in 2021. The industry is further expected to grow at a CAGR of 3.40% in the forecast period of 2023-2028 to reach nearly USD 133.3 billion by 2027.
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The Asia Pacific to Account for a Significant Share of the Market for Foam Plastics
The Asia Pacific region is one of the significant markets for foam plastics owing to the rising demand for the polymer in various end-use industries. The growth in the region can be attributed to rapid industrialisation and the increasing investments in major industries, such as building and construction, packaging, automotive, building and construction, and furniture and bedding, among others. With rapid urbanisation and the consequent infrastructural development in emerging economies in the region, the demand for foam plastics is significantly increasing. Moreover, the rising construction and infrastructure development activities by governments and private companies are expected to increase the demand for foam plastics, which is anticipated to contribute to the overall growth of the industry.
Foam Plastics: Market Segmentation
Foam plastics, variously known as cellular polymers or expanded plastics, are made from polymers. A synthetic resin is transformed into a sponge-like mass with a closed-cell or open-cell structure that can be flexible or rigid for the formation of foam plastics. Foam plastics with a closed-cell structure are formed by incorporating a blowing agent that decays at the fusion point of the plastic, discharging gas bubbles that are entrapped throughout the gelling. Meanwhile, foam plastics with an open-cell structure are produced by incorporating an inert gas into the resin under pressure and subsequently removing the mixture from the atmosphere and curing the resulting foam.
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By type, the market is divided into:
- Polyurethane
- Polystyrene
- Polyolefin
- Phenolic
- Others
The various applications of foam plastics in the market are:
- Building and Construction
- Packaging
- Automotive
- Furniture and Bedding
- Footwear, Sports, and Recreational
- Others
The EMR report looks into the regional markets of foam plastics like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Applications of Foam Plastics in Various End-Use Industries Augmenting the Market Growth
Due to rapidly expanding end-use sectors, the foam plastics industry is witnessing a boom. This can be attributed to economic expansion in developing nations and major end-use sectors like building and construction, automotive, packaging, and furniture and bedding, among others. As manufacturers and merchants are increasingly attempting to enhance the safety and cost-efficiency of packaging solutions, the demand for foam plastics in the packaging industry is surging. In addition, foam plastics are sustainable and can be disposed of by incineration, the by-products of which are utilised as a fuel source for waste-to-energy programs in municipalities, hence driving the market growth.
With the robust growth of the automotive industry, the demand for foam plastics is significantly surging. The extensive use of foam plastics like polyurethane in armrests, seats, and headrests of passenger cars owing to their cushioning properties is propelling the market growth. As foam plastics are lightweight and durable, they are increasingly utilised to enhance the cost-effectiveness and fuel-efficiency of automobiles. Moreover, the rising preference for vehicles with enhanced features such as shock absorption is surging the demand for innovative foam plastics, which is expected to provide impetus to the market growth.
Key Industry Players in the Global Foam Plastics Market
The report gives a detailed analysis of the following key players in the global foam plastics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Alchemie Ltd.
- Covestro AG
- Hexion Inc
- Huntsman Corporation
- BASF SE
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Breakup by Type | Polyurethane, Polystyrene, Polyolefin, Phenolic, Others |
| Breakup by Application | Building and Construction, Packaging, Automotive, Furniture and Bedding, Footwear, Sports, and Recreational, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Alchemie Ltd., Covestro AG, Hexion Inc, Huntsman Corporation, BASF SE, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Foam Plastics Market Analysis
8.1 Key Industry Highlights
8.2 Global Foam Plastics Historical Market (2018-2022)
8.3 Global Foam Plastics Market Forecast (2023-2028)
8.4 Global Foam Plastics Market by Type
8.4.1 Polyurethane
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Polystyrene
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Polyolefin
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Phenolic
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Foam Plastics Market by Application
8.5.1 Building and Construction
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Packaging
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Automotive
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Furniture and Bedding
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Footwear, Sports, and Recreational
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Foam Plastics Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Foam Plastics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Foam Plastics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Foam Plastics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Foam Plastics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Foam Plastics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Alchemie Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Covestro AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Hexion Inc
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Huntsman Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 BASF SE
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Foam Plastics Market: Key Industry Highlights, 2018 and 2028
2. Global Foam Plastics Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Foam Plastics Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Foam Plastics Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Foam Plastics Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Foam Plastics Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Foam Plastics Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Foam Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Foam Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Foam Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Foam Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Foam Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Foam Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Foam Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Foam Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Foam Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Foam Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Foam Plastics Market Structure
Key Questions Answered in the Report
In 2021, the global foam plastics market attained a value of about USD 109.1 billion.
The market is projected to grow at a CAGR of 3.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach nearly USD 133.3 billion by 2027.
The major drivers of the market include the increase in population, rise in the number of construction and infrastructure development, development projects undertaken by governments, and renovation of non-residential buildings.
Economic expansion in developing nations and investments in new housing projects are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of foam plastics are polyurethane, polystyrene, polyolefin, and phenolic, among others.
The various applications of foam plastics in the market are building and construction, packaging, automotive, furniture and bedding, and footwear, sports, and recreational, among others.
The major players in the industry are Alchemie Ltd., Covestro AG, Hexion Inc, Huntsman Corporation, and BASF SE, among others.
Analyst Review
The global foam plastics market attained a value of about USD 109.1 billion in 2021, driven by the rising application of foam plastics in diverse end-use industries. Aided by the growing demand for foam plastics in the automotive industry, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.40%. The market is projected to reach nearly USD 133.3 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the foam plastics industry is divided into polyurethane, polystyrene, polyolefin, and phenolic, among others. On the basis of application, the market is segmented into building and construction, packaging, automotive, furniture and bedding, and footwear, sports, and recreational, among others. The major regional markets for foam plastics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Alchemie Ltd., Covestro AG, Hexion Inc, Huntsman Corporation, and BASF SE, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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