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The global polymer foam market size reached a value of USD 120.56 billion in 2021. During the forecast period of between 2023 and 2028, the market is expected to grow at a CAGR of 4.20% to reach a value of around USD 154.32 billion by 2027.
Polymer foam is a polymer matrix with a lot of small foam holes inside of it. When compared to bulkier polymer materials, polymer foam has a number of benefits, such as low density, effective sound insulation, good corrosion resistance, proficient heat insulation, and high specific strength. Polymer foam is one of the most widely used polymer materials and is important to the polymer industry.
Based on foam type, the market is divided into flexible foam and rigid foam. The market on the basis of resin type can be segmented into polyurethane foam, polystyrene foam, PVC foam, phenolic foam, polyolefin foam, and melamine foam, among others. On the basis of application, the market can be segmented into packaging, building and construction, furniture and bedding, automotive, and marine, among others. The regional markets for polymer foam can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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. The report gives a detailed analysis of the following key players in the global polymer foam market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
During the forecast period, the polyurethane foam segment is predicted to dominate the polymer foam market. Numerous products, including carpets, furniture, and cushions, use this kind of foam. High impact resistance and strong load bearing capacity of polyurethane foams are qualities that are likely to increase their use in the building sector.
Polystyrene foam, on the other hand, is anticipated to experience significant increase over the course of the forecast period. Polystyrene foam is employed in a variety of settings, such as carpets, pillows, and furniture. Due to its exceptional qualities, including its light weight, low heat and sound transmission, high energy dissipation, and insulation, it has a large customer base.
As it has high strength to weight ratios, expanded polystyrene foam, one of the lightest materials, is used in packing, which lowers fuel consumption and shipping costs. It is also utilised in rail applications, such as building rail embankments and extending train station platforms.
The Asia Pacific is anticipated to be the largest regional market for polymer foam throughout the forecast period. The rise of the regional market is anticipated to be the outcome of a strong outlook for the manufacturing sector, growing emphasis on research and development, as well as favourable initiatives by governments in the region to attract investments.
Over the forecast period, it is anticipated that rapid industrialisation, increased manufacture of automotive parts and interiors, and the packaging sector in rising economies like China and India will increase the demand for the polymer foam market in Asia Pacific.
Construction is one of the industries that frequently uses polyolefin foams. In the building and construction and aerospace industries, these foams are being received positively. As emerging countries in the Asia Pacific region experience rapid expansion in infrastructure creation and construction activities, the market growth for polymer foam is expected to surge in this region.
Armacell International S.A., headquartered in Luxembourg, produces technical insulating materials and foam plastics. The company manufactures lightweight, flexible insulation foam products for use in industrial, automotive, oil, gas, and commercial and residential construction sectors. Armacell offers cutting-edge thermal, acoustic, and mechanical solutions that are secure and safe to its clients.
Covestro AG, a German company founded in 2015, is a top producer of cutting-edge and high-performance polymers. Its revolutionary developments in polyurethanes, polycarbonates, coatings, adhesives, speciality raw materials, and thermoplastic polyurethane elastomers are used in a wide range of products across industries.
BASF SE is a German-based chemical corporation founded in 1865, which manufactures, markets, and sells chemicals, polymers, performance goods, and crop protection products. The company serves many sectors such as construction, paints and coatings, furniture and wood, automotive, agricultural, electronics and electrical, home care, nutrition, chemicals, and other industries.
Other market players include Arkema S.A. and Borealis AG, among others.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Foam Type||
|Breakup by Resin Type||
|Breakup by Application||
|Breakup by Region||
*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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Global Polymer Foam Market Analysis
8.1 Key Industry Highlights
8.2 Global Polymer Foam Historical Market (2018-2022)
8.3 Global Polymer Foam Market Forecast (2023-2028)
8.4 Global Polymer Foam Market by Foam Type
8.4.1 Flexible Foam
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.4.2 Rigid Foam
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.5 Global Polymer Foam Market by Resin Type
8.5.1 Polyurethane Foam
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.5.2 Polystyrene Foam
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.5.3 PVC Foam
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.5.4 Phenolic Foam
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.5.5 Polyolefin Foam
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.5.6 Melamine Foam
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.6 Global Polymer Foam Market by Application
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.6.2 Building and Construction
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.6.3 Furniture and Bedding
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.7 Global Polymer Foam Market by Region
8.7.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
22.214.171.124 United States of America
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
126.96.36.199 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Armacell International S.A.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.2 Covestro AG
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.3 BASF SE
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.4 Arkema S.A.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.5 Borealis AG
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14 Industry Events and Developments
List of Key Figures and Tables
1. Global Polymer Foam Market: Key Industry Highlights, 2018 and 2028
2. Global Polymer Foam Historical Market: Breakup by Foam Type (USD Million), 2018-2022
3. Global Polymer Foam Market Forecast: Breakup by Foam Type (USD Million), 2023-2028
4. Global Polymer Foam Historical Market: Breakup by Resin Type (USD Million), 2018-2022
5. Global Polymer Foam Market Forecast: Breakup by Resin Type (USD Million), 2023-2028
6. Global Polymer Foam Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Polymer Foam Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Polymer Foam Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Polymer Foam Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Polymer Foam Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Polymer Foam Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Polymer Foam Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Polymer Foam Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Polymer Foam Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Polymer Foam Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Polymer Foam Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Polymer Foam Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Polymer Foam Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Polymer Foam Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Polymer Foam Market Structure
In 2021, the market attained a value of nearly USD 120.56 billion.
The polymer foam market is projected to grow at a CAGR of 4.20% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 154.32 billion by 2027.
The major drivers of the market include the expanding building and construction industry, favourable initiatives by various governments, rapid industrialisation, rising production of automobile interiors and parts, and increasing foreign direct investment.
Growing applications in various industries, such as packaging, furniture and bedding, and rising demand for bio-based polyols are the key industry trends propelling the growth of the market.
The major players in the industry are Armacell International S.A., Covestro AG, BASF SE, Arkema S.A., and Borealis AG, among others.
Some polymer foams have a very low heat transfer rate, which makes them excellent insulators.
Polyethylene foam has excellent resilience, recovering its original shape after compression, and can be used for years without deteriorating.
Polymer insulators are frequently utilised as components to separate electricity in protective equipment for humans or in electrical circuits in the electrical and electronics industries.
Since polyethylene is a thermoplastic resin, products fabricated from it can be recycled, melted down, and given a new shape. On the other hand, polyurethane is a thermoset resin, which means that it is made of two parts that together form a chemical chain, reducing its ability for reuse.
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