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Global Foam Plastics Market to Reach USD 157.56 billion by 2032, Aided by Rapidly Expanding End-Use Sectors

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Foam Plastics Market

Global Foam Plastics Market Size, Share, Trends, Analysis: By Type: Polyurethane, Polystyrene, Polyolefin, Phenolic, Others; By Application: Building and Construction, Packaging, Automotive, Furniture and Bedding, Footwear, Sports, and Recreational, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Foam Plastics Market Outlook

The global foam plastics market reached a value of about USD 116.64 billion in 2023. The industry is further expected to grow at a CAGR of 3.40% in the forecast period of 2024-2032 to reach nearly USD 157.56 billion by 2032.

 

Global Foam Plastics Market

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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.

 

Global Foam Plastics Market By Segment

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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.

 

Global Foam Plastics Market By Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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 (2018-2023) 
    8.3    Global Foam Plastics Market Forecast (2024-2032)
    8.4    Global Foam Plastics Market by Type
        8.4.1    Polyurethane
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Polystyrene
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Polyolefin
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Phenolic
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Foam Plastics Market by Application
        8.5.1    Building and Construction 
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Packaging
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Automotive
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Furniture and Bedding
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Footwear, Sports, and Recreational 
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others    
    8.6    Global Foam Plastics Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Foam Plastics Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Foam Plastics Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Foam Plastics Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Foam Plastics Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Foam Plastics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    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 2032
2.    Global Foam Plastics Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Foam Plastics Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Foam Plastics Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Foam Plastics Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Foam Plastics Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Foam Plastics Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Foam Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Foam Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Foam Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Foam Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Foam Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Foam Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Foam Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Foam Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Foam Plastics Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Foam Plastics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Foam Plastics Market Structure

Key Questions Answered in the Report

What was the global foam plastics market size in 2023?

In 2023, the global foam plastics market attained a value of about USD 116.64 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 3.40% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach nearly USD 157.56 billion by 2032.

What are the major industry drivers?

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.

What are the key industry trends of the global foam plastics market?

Economic expansion in developing nations and investments in new housing projects are the key industry trends propelling the growth of the market.

What are the major regional markets of foam plastics, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major types of foam plastics in the market?

The major types of foam plastics are polyurethane, polystyrene, polyolefin, and phenolic, among others.

What are the various applications of foam plastics in the market?

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.

Who are the key industry players, according to the report?

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 116.64 billion in 2023, 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 2024-2032, growing at a CAGR of 3.40%. The market is projected to reach nearly USD 157.56 billion by 2032.

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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