Polymer Foam Market size was valued at US$ 99.42 Bn. in 2022 and the total Polymer Foam revenue is expected to grow at 4.7% from 2023 to 2029, reaching nearly US$ 137.12 Bn.
Polymer Foam Market Overview:A polymeric foam is a foam made of polymers that can be liquid or solidified. Polymeric foam demand has grown rapidly in recent years due to its lightweight, outstanding strength-to-weight ratio, better thermal and acoustic insulating qualities, energy absorption capacity, and strong cushioning and comfort characteristics. Polymeric foams are composed of expanded rubbers, cellular elastomers, or sponges. The foam's physical and mechanical characteristics differ dramatically from those of the solid matrix material. Foams, for example, offer substantially greater heat and sound insulation characteristics than solid polymers. Also, foams have the potential to absorb a large amount of energy, making them more effective in cushioning and packaging applications than solid polymers. To know about the Research Methodology :- Request Free Sample Report Polymer Foam Market Report Scope: The Polymer Foam market is segmented based on Form, Type, Application, and Region. The growth of various segments helps our clients in acquiring knowledge of the many growth factors expected to be prevalent throughout the market and develop different strategies to help identify core application areas and the gap in the target market. The report provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies. The bottom-up approach has been used to estimate the market size. Major Key Players in the Polymer Foam market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. Some of the leading key players in the global Polymer Foam market include BASF SE, Rogers Corporation, and The Dow Chemical Company. They are continuously strategizing on mergers and acquisitions, strategic alliances, joint ventures, and partnerships for the growth of their market shares.
Polymer Foam Market Dynamics:The increased polymer demand in the healthcare sector due to the COVID-19 pandemic is a major driver of market growth. Plastic polymer testing and consulting have applications in sectors such as aerospace, automobile, electronics, manufacturing, and medical devices. Polymers are tremendously diverse technical materials that represent sectors ranging from avionics to medicinal applications, drug delivery systems, biosensor devices, tissue engineering, cosmetics, and so on. Polymer applications and subsequent composites are still evolving and expanding rapidly due to their simplicity of manufacture. The pandemic outbreak that erupted in January 2020 has highlighted the relevance of polymers in modern life. If consumerism was once the driving reason for the use of polymers, health and medical emergency are now the driving forces. Because of the pandemic's impact on medical-hospital supplies and personal protective gear requirements for health professionals and the general public, alternative production movements based on polymers emerged. Because of these alternatives, which have greatly aided in the saving and preservation of life, the pandemic emphasized the most often used polymers at that period, such as polycarbonate (PC), and poly(ethylene terephthalate) (PET), and polypropylene (PP). The intricate production processes of polymer foams are a major challenge in market growth. Polymer saturation or impregnation with a foaming agent, delivering a highly saturated polymer-gas combination by either abrupt increase in temperature or drop in pressure, cell proliferation, and stability are all phases in the foaming process. It is critical in thermoplastic foaming techniques to create foams with closed cell structures and thin polymer cell walls covering each cell. Cell development must be regulated by the procedure to give this structure. The temperature limit is necessary to develop a microcellular structure. If the temperature is too high, the melt strength of the polymer might be poor, causing cell rupture. If the temperature is too low, the foaming period will be prolonged and the polymer's viscosity will increase. As a result, cell development will be limited, and products will be inadequately foamed. As a result, the process parameters have a significant impact on the cell shape of polymer foams. Batch foaming, extrusion foaming, and foam-injection molding are the most well-known thermoplastic foaming methods. The consistent breakthroughs and ongoing research in the field of biodegradable polymer foams and rubbers are a major opportunity for market growth. The creation of appropriate alternatives to single-use plastics is a significant focus of current research in both industrial and academic establishments. This has been pushed by the global demand for a cleaner environment because both the production and disposal of plastics are damaging in their own right. Ohio State University researchers have been studying the ideal mechanical characteristics of biodegradable natural rubber-toughened PHBV bioplastics for food packaging applications. The Federal University of Rio Grande do Sul researchers are studying biodegradable starch-based foams infused with grape stems for food packaging. As part of a massive effort to limit the usage of throwaway plastics in packaging. Researchers from the Federal University of Jequitinhonha and Mucuri Valleys have been researching biodegradable trays made from cassava starch and agroindustrial waste.
Polymer Foam Market Segment Analysis:By Type, the polystyrene foam segment is expected to grow at a CAGR of 4.1% during the forecast period. It's utilized in a variety of products, including furniture, pillows, and carpets. Because of its exceptional qualities, such as lightweight, moderate flame and sound transfer, high energy dissipation, and insulation, it has a large clientele. The increasing need for residential and business space in Southeast Asian nations like Singapore, Korea, and Indonesia is anticipated to drive its demand for building applications even further. Expanded polystyrene foam is one of the lightest materials, and because of its excellent strength-to-weight ratio, it is utilized in packing applications to save fuel and money on transportation. It may also be utilized in rail applications such as railway station terminal expansions and rail barrier building. Over the forecast period, rail infrastructure building projects in the Asia Pacific, the Middle East, and Africa are likely to boost demand for polystyrene foam. By Application, the building and construction segment is expected to grow at a CAGR of 5.1% during the forecast period owing to the increasing use of polymer foam for soundproofing, flooring, pipe, molding, and wire & cables. Growing demand from applications e.g. carpet padding, fibers, seat cushions, bed padding, and furniture are likely to drive growth in the furniture and bedding sector. The automotive segment is expected to grow significantly throughout the forecast period due to increased product use in different automobile components like seats, consoles, power trains, and suspension bearings. The revival of the automobile industry in the United States, together with rising automotive demand in the emerging countries of India and China, is anticipated to boost the global market growth. Packaging demand is expected to increase at a faster rate than the automotive sector, owing to increased demand for polystyrene foams in the packaging sector. Polymer Foam Market Regional Insights: Asia-Pacific is the global polymer foam market leader in terms of region. The region has the biggest market share, owing to key developing markets like China, India, Malaysia, and Indonesia, as well as mature countries like Taiwan, Japan, and South Korea. The region is home to some of the major polymer foam manufacturers and end-users. China is also the world's largest market for polymer foam. China is the world's largest building sector and is estimated to contribute $1.25 trillion to global construction capacity by 2030. Rigid polyurethane foam is utilized in high-rise structures as an insulating foam, structural sealant, and fire deterrent. The packaging business is a key demand driver for polyethylene foam, especially because China has the world's largest e-commerce market, with estimated market size of US$ 1.21 trillion. China is also the world's largest automobile manufacturer, producing more than 20.1 million passenger vehicles and 5.2 million commercial vehicles in 2020. Polyurethane foam is widely used in vehicles, such as interior trim and backrest cushions. Enclosing electronic components e.g. circuit boards with polyurethane protects them from the environment. China is the world's largest producer of electronics. At the end of the forecast period, Asia-Pacific will continue to have the greatest market share in the global polymer foam market.
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Polymer Foam Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 99.42 Bn. Forecast Period 2023 to 2029 CAGR: 4.7% Market Size in 2029: US $ 137.12 Bn. Segments Covered: by Form Flexible Rigid by Type Polyurethane Foam Polystyrene Foam PVC Foam Phenolic Foam Polyolefin Foam Melamine Foam Others by Application Packaging Building & Construction Furniture & Bedding Automotive Rail Wind Marine Others
Polymer Foam Market, by RegionNorth America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)
Key Players1. BASF SE 2. Rogers Corporation 3. The Dow Chemical Company 4. Recticel NV/SA 5. Sealed Air Corporation 6. Huntsman International LLC 7. Armacell International S.A. 8. Zotefoams plc 9. Covestro AG 10. JSP Corporation 11. Kaneka Corporation 12. Hanwha Chemical Corporation 13. Arkema 14. Borealis AG 15. Sabic 16. Toray Industries, Inc. 17. Synthos 18. Celanese Corporation 19. Sekisui Alveo FAQs: 1. Which is the potential market for the Polymer Foam in terms of the region? Ans. APAC is the potential market for the Polymer Foam in terms of the region. 2. What are the opportunities for new market entrants? Ans. The consistent breakthroughs and ongoing research in the field of biodegradable polymer foams and rubbers are a major opportunity for market growth. 3. What is expected to drive the growth of the Polymer Foam market in the forecast period? Ans. The increased polymer demand in the healthcare sector due to the COVID-19 pandemic is a major driver of market growth. 4. What is the projected market size & growth rate of the Polymer Foam Market? Ans. Polymer Foam Market size was valued at US$ 99.42 Bn. in 2022 and the total Polymer Foam revenue is expected to grow at 4.7% from 2023 to 2029, reaching nearly US$ 137.12 Bn. 5. What segments are covered in the Polymer Foam Market report? Ans. The segments covered are Form, Type, Application and Region
1. Global Polymer Foam Market: Research Methodology 2. Global Polymer Foam Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Polymer Foam Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Polymer Foam Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Polymer Foam Market Segmentation 4.1 Global Polymer Foam Market, by Form (2022-2029) • Flexible • Rigid 4.2 Global Polymer Foam Market, by Type (2022-2029) • Polyurethane Foam • Polystyrene Foam • PVC Foam • Phenolic Foam • Polyolefin Foam • Melamine Foam • Others 4.3 Global Polymer Foam Market, by Application (2022-2029) • Packaging • Building & Construction • Furniture & Bedding • Automotive • Rail • Wind • Marine • Others 5. North America Polymer Foam Market(2022-2029) 5.1 North America Polymer Foam Market, by Form (2022-2029) • Flexible • Rigid 5.2 North America Polymer Foam Market, by Type (2022-2029) • Polyurethane Foam • Polystyrene Foam • PVC Foam • Phenolic Foam • Polyolefin Foam • Melamine Foam • Others 5.3 North America Polymer Foam Market, by Application (2022-2029) • Packaging • Building & Construction • Furniture & Bedding • Automotive • Rail • Wind • Marine • Others 5.4 North America Polymer Foam Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Polymer Foam Market (2022-2029) 6.1. European Polymer Foam Market, by Form (2022-2029) 6.2. European Polymer Foam Market, by Type (2022-2029) 6.3. European Polymer Foam Market, by Application (2022-2029) 6.4. European Polymer Foam Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Polymer Foam Market (2022-2029) 7.1. Asia Pacific Polymer Foam Market, by Form (2022-2029) 7.2. Asia Pacific Polymer Foam Market, by Type (2022-2029) 7.3. Asia Pacific Polymer Foam Market, by Application (2022-2029) 7.4. Asia Pacific Polymer Foam Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Polymer Foam Market (2022-2029) 8.1 Middle East and Africa Polymer Foam Market, by Form (2022-2029) 8.2. Middle East and Africa Polymer Foam Market, by Type (2022-2029) 8.3. Middle East and Africa Polymer Foam Market, by Application (2022-2029) 8.4. Middle East and Africa Polymer Foam Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Polymer Foam Market (2022-2029) 9.1. South America Polymer Foam Market, by Form (2022-2029) 9.2. South America Polymer Foam Market, by Type (2022-2029) 9.3. South America Polymer Foam Market, by Application (2022-2029) 9.4 South America Polymer Foam Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 BASF SE 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Rogers Corporation 10.3 The Dow Chemical Company 10.4 Recticel NV/SA 10.5 Sealed Air Corporation 10.6 Huntsman International LLC 10.7 Armacell International S.A. 10.8 Zotefoams plc 10.9 Covestro AG 10.10 JSP Corporation 10.11 Kaneka Corporation 10.12 Hanwha Chemical Corporation 10.13 Arkema 10.14 Borealis AG 10.15 Sabic 10.16 Toray Industries, Inc. 10.17 Synthos 10.18 Celanese Corporation 10.19 Sekisui Alveo