by According to Precedence Research, the polymer foams market size is forecasted to reach around US$ 176.54 billion by 2030, growing at a 4.3% CAGR from 2021 to 2030.
Polymer foams consists of a gas and solid phase assorted together to form a foam. This usually happens by compounding the 2 phases so quick for the system to respond in a smooth way. The subsequent foam has a polymer matrix with air tunnels or air bubbles that is acknowledged as open-cell or closed-cell structure. Polymer foams possesses better heat insulation, less density, decent sound insulation effects, more corrosion resistance, more specific strength, and are extensively employed in industrial and civil applications.
Polymer foams finds usage in various applications such as polyurethane or PU soft foam can be applied in composite fabrics, furniture, clothing, car cushions, shoes and hats, and sports equipment. On the other hand, PU hard foam finds application in the production of freezers, refrigerators, and refrigerated containers among others. Polypropylene or PP foam is extensively employed in military sectors, daily necessities, transportation, and aerospace applications like production of numerous thermal insulation materials, seat cushions, shockproof materials, building materials and packaging materials.
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Phenolic foam is mostly utilized in the fields of automobiles, architecture, electronic and electrical applications, the steel and iron industry, and aerospace among others. It can comply the necessities of combustion-resistant building constituents and heat insulation for large-scale entertainment and sports places, multistory buildings, and high-velocity vehicles. Polyimide or PI foam with more thermal stability, more thermal insulation and great fire resistance presents wide opportunities for development in the aircraft, aerospace, and marine arenas.
Growth Factors
The economic growth in emerging nations and development in the main end-use sectors such as automotive, construction, packaging, and bedding and furniture industries are accelerating the growth of polymer foam market across the world. Further, increase in the need for insulated foams in the construction and building sector is flourishing the demand of polymer foams. Intensification in the requirement for energy-efficient facade systems and severe eco-friendly guidelines are expected to supplement the growth of global polymer foams market during years to come. In addition, escalation in population has caused in upsurge in shifting of people to urban areas which drives the need for expansion of infrastructure facilities around the globe during impending years. This aspect is predictable to propel the need for energy-efficient buildings across the world during forecast period.
Market Estimations Y-O-Y:
- Market Size Was Valued In 2021: US$ 120.43 Billion
- Market Size Is Projected to Grow By 2022: US$ 125.55 Billion
- Market Size Is Projected to Grow By 2023: US$ 130.91 Billion
- Market Size Is Projected to Grow By 2024: US$ 135.65 Billion
- Market Size Is Projected to Grow By 2025: US$ 142.43 Billion
- Market Size Is Projected to Grow By 2026: US$ 148.62 Billion
- Market Size Is Projected to Grow By 2027: US$ 155.1 Billion
- Market Size Is Projected to Grow By 2028: US$ 161.91 Billion
- Market Size Is Projected to Grow By 2029: US$ 169.05 Billion
- Market Size Is Projected to Grow By 2030: US$ 176.54 Billion
- Compound Annual Growth Rate (CAGR) from 2021 to 2030: 4.3 percent
COVID-19 Impact:
The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The polymer foams report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.
Report Highlights
- The polyurethane resin segment is predicted to record the maximum growth rate on account of its less heat conduction coefficient, less density, inferior water absorption, comparatively superior insulating properties and better mechanical strength
- Automotive is assessed to be one of the rapidly advancing segments during prediction period due to cumulative usage of polymer foam in numerous automotive components, including dashboards, seats, power trains, and suspension bushings among others.
- Tremendous growth of the market in the U.S. is subsidized by expanding demand for polystyrene and polyurethane foams in construction, marine applications and usage of PVC foam in wind energy sectors.
- Rising industrialization, booming packaging sectors, high production of automobile interiors in developing countries like India and China are predictable to lift demand for polymer foams during years to come
Report Highlights
- The polyurethane resin segment is predicted to record the maximum growth rate on account of its less heat conduction coefficient, less density, inferior water absorption, comparatively superior insulating properties and better mechanical strength
- Automotive is assessed to be one of the rapidly advancing segments during prediction period due to cumulative usage of polymer foam in numerous automotive components, including dashboards, seats, power trains, and suspension bushings among others.
- Tremendous growth of the market in the U.S. is subsidized by expanding demand for polystyrene and polyurethane foams in construction, marine applications and usage of PVC foam in wind energy sectors.
- Rising industrialization, booming packaging sectors, high production of automobile interiors in developing countries like India and China are predictable to lift demand for polymer foams during years to come
Key Players:
The polymer foams market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.
Some of the prominent players in the polymer foams market include:
- Kaneka Corporation
- BASF SE
- Dow Inc
- Recticel
- Huntsman Corporation
- Rogers Corporation
- Covestro AG
- Sealed Air Corporation
- Others
Market Segmentation
By Type
- Polyurethane (PU)
- Polyethylene (PE)
- Polypropylene (PP)
- Ethylene-Vinyl Acetate (EVA)
- Others
By Application
- Furniture and Bedding
- Transportation
- Packaging
- Construction
- Others
Regional Segmentation
- North America (U.S. and Canada)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Polymer Foams Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
Chapter 5. COVID 19 Impact on Polymer Foams Market
5.1. Covid-19: Polymer Foams Industry Impact
5.2. Polymer Foams Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Polymer Foams Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Polymer Foams Market Players to deal with Covid-19 Pandemic Scenario
Chapter 6. Polymer Foams Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Driver 1
6.1.1.2. Driver 2
6.1.2. Market Restraints
6.1.2.1. Restraint 1
6.1.3. Market Opportunities
6.1.3.1. Opportunity 1
6.1.3.2. Opportunity 2
Chapter 7. Global Polymer Foams Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Polymer Foams Market Revenue by Market Players (2016-2020)
7.1.1.2. Polymer Foams Market Revenue Market Share by Market Players (2016-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Product Type Suppliers
7.1.3.2. List of End-users
Chapter 8. Global Polymer Foams Market, By Product Type
8.1. Polymer Foams Market, by Product Type, 2017-2030
8.1.1. Polyurethane (PU)
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Polyethylene (PE)
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Polypropylene (PP)
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Ethylene-Vinyl Acetate (EVA)
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Polymer Foams Market, By Application
9.1. Polymer Foams Market, by Application, 2017-2030
9.1.1. Furniture and Bedding
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Transportation
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Packaging
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Construction
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Polymer Foams Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue Forecast by Product Type(2017-2030)
10.1.2. Market Revenue Forecast by Application (2017-2030)
10.1.3. U.S
10.1.3.1. Market Revenue Forecast (2017-2030)
10.1.4. Canada
10.1.4.1. Market Revenue Forecast (2017-2030)
10.2. Europe
10.2.1. Market Revenue Forecast by Product Type(2017-2030)
10.2.2. Market Revenue Forecast by Application (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue Forecast (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue Forecast (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue Forecast (2017-2030)
10.2.6. Rest of EU
10.2.6.1. Market Revenue Forecast (2017-2030)
10.3. Asia Pacific (APAC)
10.3.1. Market Revenue Forecast by Product Type(2017-2030)
10.3.2. Market Revenue Forecast by Application (2017-2030)
10.3.3. China
10.3.3.1. Market Revenue Forecast (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue Forecast (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue Forecast (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue Forecast (2017-2030)
10.4. LATAM
10.4.1. Market Revenue Forecast by Product Type(2017-2030)
10.4.2. Market Revenue Forecast by Application (2017-2030)
10.4.3. Brazil
10.4.3.1. Market Revenue Forecast (2017-2030)
10.4.4. Rest of LATAM
10.4.4.1. Market Revenue Forecast (2017-2030)
10.5. Middle East and Africa (MEA)
10.5.1. Market Revenue Forecast by Product Type(2017-2030)
10.5.2. Market Revenue Forecast by Application (2017-2030)
10.5.3. GCC
10.5.3.1. Market Revenue Forecast (2017-2030)
10.5.4. North Africa
10.5.4.1. Market Revenue Forecast (2017-2030)
10.5.5. South Africa
10.5.5.1. Market Revenue Forecast (2017-2030)
10.5.6. Rest of MEA
10.5.6.1. Market Revenue Forecast (2017-2030)
Chapter 11. Company Profiles
11.1. Kaneka Corporation
11.1.1. Company Overview, Business Information, Regional Presence
11.1.2. Product Portfolio Analysis
11.1.2.1. Product Details, Specification, Application
11.1.3. Revenue, Price, and Gross Margin (2016-2020)
11.1.4. Recent Developments and Strategies
11.2. BASF SE
11.2.1. Company Overview, Business Information, Regional Presence
11.2.2. Product Portfolio Analysis
11.2.2.1. Product Details, Specification, Application
11.2.3. Revenue, Price, and Gross Margin (2016-2020)
11.2.4. Recent Developments and Strategies
11.3. Dow Inc
11.3.1. Company Overview, Business Information, Regional Presence
11.3.2. Product Portfolio Analysis
11.3.2.1. Product Details, Specification, Application
11.3.3. Revenue, Price, and Gross Margin (2016-2020)
11.3.4. Recent Developments and Strategies
11.4. Recticel
11.4.1. Company Overview, Business Information, Regional Presence
11.4.2. Product Portfolio Analysis
11.4.2.1. Product Details, Specification, Application
11.4.3. Revenue, Price, and Gross Margin (2016-2020)
11.4.4. Recent Developments and Strategies
11.5. Huntsman Corporation
11.5.1. Company Overview, Business Information, Regional Presence
11.5.2. Product Portfolio Analysis
11.5.2.1. Product Details, Specification, Application
11.5.3. Revenue, Price, and Gross Margin (2016-2020)
11.5.4. Recent Developments and Strategies
11.6. Rogers Corporation
11.6.1. Company Overview, Business Information, Regional Presence
11.6.2. Product Portfolio Analysis
11.6.2.1. Product Details, Specification, Application
11.6.3. Revenue, Price, and Gross Margin (2016-2020)
11.6.4. Recent Developments and Strategies
11.7. Covestro AG
11.7.1. Company Overview, Business Information, Regional Presence
11.7.2. Product Portfolio Analysis
11.7.2.1. Product Details, Specification, Application
11.7.3. Revenue, Price, and Gross Margin (2016-2020)
11.7.4. Recent Developments and Strategies
11.8. Sealed Air Corporation
11.8.1. Company Overview, Business Information, Regional Presence
11.8.2. Product Portfolio Analysis
11.8.2.1. Product Details, Specification, Application
11.8.3. Revenue, Price, and Gross Margin (2016-2020)
11.8.4. Recent Developments and Strategies
11.9. Company 9
11.9.1. Company Overview, Business Information, Regional Presence
11.9.2. Product Portfolio Analysis
11.9.2.1. Product Details, Specification, Application
11.9.3. Revenue, Price, and Gross Margin (2016-2020)
11.9.4. Recent Developments and Strategies
11.10. Company 10
11.10.1. Company Overview, Business Information, Regional Presence
11.10.2. Product Portfolio Analysis
11.10.2.1. Product Details, Specification, Application
11.10.3. Revenue, Price, and Gross Margin (2016-2020)
11.10.4. Recent Developments and Strategies
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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