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Global Polymer Foam Market Share, Size, Growth, Analysis, Trends, Forecast: By Foam Type: Flexible Foam, Rigid Foam; By Resin Type: Polyurethane Foam, Polystyrene Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, Others; By Application; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
Global Polymer Foam Market Outlook
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.
Key Trends in the Market
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.
- The polymer foam market demand is anticipated to increase due to growing uses in a number of industries, including furniture and bedding, packaging, and the automotive sector. Polymer foams are incredibly light and adaptable, exceedingly strong, mould and mildew resistant, and dermatologically friendly. They are safe and advisable for many consumer applications due to these qualities. This is propelling the market growth.
- In order to develop lightweight, fuel-efficient, and long-lasting automotives, polymer foams are increasingly used in a variety of passenger automobile seat cushions, airbags, head rests, gasket seals, cushioned instrument panels, and other components. Polyurethane foams are anticipated to have high demand in the automotive industry due to the advantages they offer and their wide range of applications.
- Key companies in the global market could benefit from the growing demand for polyols derived from biomaterials and carbon dioxide. Environmentally friendly polyols include those made from carbon dioxide and biological sources. Additionally, they provide tremendous environmental advantages such as enhanced fire resistance and heat generation capabilities. They also reduce toxicity and volume of the smoke produced. In the near future, all of these factors will support and strengthen the global polymer foam market.
- Additionally, it is anticipated that during the forecast period, the building and construction sector will dominate the end-users of polymer foam. One of the primary uses of polymer foams in the construction industry is in the insulation of building elements including doors, roofs, sealants, and the foundations of doors and windows. The rise in demand for insulated polymer foams in the building and construction sector is driving the growth of the polymer foam market.
Global Polymer Foam Market Analysis
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.
- Armacell International S.A.
- Covestro AG
- BASF SE
- Arkema S.A.
- Borealis AG
- Others
Market Share by Resin Type
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.
Market Share by Region
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.
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Competitive Landscape
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.
Key Highlights of the Report
| 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:
|
| Breakup by Foam Type |
|
| Breakup by Resin Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 Market Snapshot
6.1 Global
6.2 Regional
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
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Rigid Foam
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Polymer Foam Market by Resin Type
8.5.1 Polyurethane Foam
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Polystyrene Foam
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 PVC Foam
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Phenolic Foam
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Polyolefin Foam
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Melamine Foam
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Polymer Foam Market by Application
8.6.1 Packaging
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Building and Construction
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Furniture and Bedding
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Automotive
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Marine
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Polymer Foam Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 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
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
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
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
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.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Covestro AG
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 BASF SE
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Arkema S.A.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Borealis AG
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
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
Key Questions Answered in the Report
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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