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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,