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Polymer Foam Market Growth and Regional Forecast till 2024

Rising demand from automotive and building and construction industries is likely to drive the market growth. Polymer foams are widely utilized in combination with other materials in various composite constructions, high-resilience foam seating, rigid insulation panels, automotive components, carpet underlays, upholstery stuffing, packaging, and other such applications.

The Global Polymer Foam Market size is expected to reach USD 207.9 billion by 2024, according to a new report by Grand View Research, Inc. It is projected to expand at a 6.6% CAGR over the forecast period.


Polymer foam is widely used in building and construction, furniture and bedding, packaging and automotive among other applications. Rigid foams are used primarily as an insulation material in construction and refrigeration applications. This foam is energy-efficient and helps in cutting energy costs. Flexible foams are used mainly as a cushioning material in transportation, furniture, bedding, carpet underlay, and packaging among others.

Rising focus on development of biodegradable foams owing to stringent environmental regulations across the globe has opened new market opportunities for manufacturers. Manufacturing cost of these biodegradable foams is still higher than petroleum-based chemicals. Therefore, it will take a couple of years for manufacturers to completely adopt this variant.

To Know More About Polymer Foam Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/polymer-foam-market

The polymer foam market is segmented on the basis of type into polyurethane (PU) foam, polystyrene foam, polyvinyl chloride (PVC) foam, phenolic foam,polyolefin foam, melamine foam, and others. Polyurethane foam was the largest segment and accounted for 22.9% of the global volume. High consumer demand for comfortable mattresses, pillows, upholstery, and other furniture in an increasingly image-conscious market has influenced buying patterns and is expected to be a key growth driver.

Top Players of Polymer Foam Market:

Key players include BASF SE, Woodbridge Foam Corporation, Sekisui Alveo AG, Sealed Air Corporation, Zotefoams PL, Ineos Styrenics International SA, and Recticel Group.

Market segmentation of Polymer Foam Market:

The Global Polymer Foam Market segmented on the basis of Type, Application, and Region.

By Type:

    Polyurethane Foam
    Polystyrene Foam
    PVC Foam
    Phenolic Foam
    Polyolefin Foam
    Melamine Foam

By Application:

    Packaging
    Building & Construction
    Furniture & Bedding
    Automotive

Inquire about Polymer Foam Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1320
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