Global Polymer Foam Market by Type (Polyurethane, Melamine, PVC, Polystyrene, Polyolefin, Phenolic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2019, the global polymer foam market was worth USD 113.89 million. It is expected to grow at 3.8% CAGR between 2020 and 2027. The type demand is expected to grow due to the increasing use of polymer foam in different industries such as automotive, packaging, and furniture.

Polymer foams can be extremely light and flexible, durable and mildew-resistant. They are also dermatologically friendly. They are safe and recommended for many consumer applications. These foams, which are polyurethane-based, are used extensively in the building, construction, automotive, as well as marine industries. Polyurethane foams (PU) are lightweight, durable, flexible, resistant to corrosion, vibration, recyclable and allow for high degree of geometric freedom. Many components of lightweight, fuel-efficient and durable structures are made from PU, including gasket seals for passenger cars, seat cushions, head rests and cushioned instrument panels. Polyurethane foams will be in high demand in Asia Pacific due to their wide application range and the above mentioned factors.

Polymer foam has many environmental benefits, including high recycling rates, low pollutant filtration, lower wastage and higher sustainability. However, federal agencies and governments are becoming more concerned about the harmful health effects of polyurethane isocyanates.

The introduction of bio-based polyols as well as non-toxic isocyanates and other technological advances are likely to increase polymer foam demand in many applications. To increase their margins in this highly competitive market, both existing and new market players will need to improve or innovate. Bayer Chemical Company and Dow Chemical Company are major multinationals that have created innovative manufacturing processes and raw material to decrease dependence on fossil-fuel-based resources and increase production yield.

To meet the growing demand of the rapidly expanding population, emerging markets in Asia Pacific are increasing their production capacity for polymer foam. China and India are two countries with high GDP growth rates. They will see rapid expansion in the manufacturing, automotive, construction, pharmaceuticals and other sectors. These factors will likely drive demand for polymer foam in a variety of related applications.

Type Insights

In terms of revenue, polyurethane foam was the market leader in 2019. It is expected to continue its dominance over the forecast period. This type can be used in a variety of applications including furniture, cushions and carpets. The superior qualities of the product, including lightweight, low heat transfer, high energy dissipation and insulation, have helped it to attract a large customer base. In construction, there will be an increase in demand for commercial and residential space in Southeast Asian countries like Singapore, Korea, and Indonesia.

Because it is light, expanded polystyrene is one of the most popular materials. It is also used in packaging applications due to its low fuel consumption and transport costs. It is also suitable for rail applications such as rail embankment and extension of station platforms. The forecast period will see an increase in rail infrastructure projects in Asia Pacific, the Middle East, and Africa.

Application Insights

With a market share in 2019 of 37.3%, building and construction was the most profitable segment. This is due to increasing use of polymer foam insulation, flooring, molding, in wire and cables, and rising demand for polymer foam in insulation, pipe, molding, and flooring. Due to the increasing use of polymer foam for insulation purposes, carpet padding, fibers and mattress padding, furniture and bedding will continue to be the second largest segment.

The increasing use of polymer foam within various automotive components such as seats and dashboards, powertrains, and suspension bushings is expected to make automotive one of the fastest growing segments in terms of revenue over the forecast period. The overall market growth is expected to be positive due to the recovery of the U.S. automotive sector and the increase in automobile production in emerging countries like India and China. The automotive segment is expected to be followed by packaging, which is likely to see significant growth due to the growing demand for polystyrene-based foams from this sector.

Regional Insights

Rising demand for polyurethane, polystyrene and polystyrene products in construction and building as well as marine and wind energy applications as well as PVC foam in the U.S. market drove this market. The U.S. Department of Housing and Urban Development reports that new residential housing units were completed in an increase of approximately 900,000 units between 2014 and 2018. This figure is up from 1,200,000 units in 2014. This steady increase in residential units has driven demand for polymer foam in the construction and building industry.

Asia Pacific was the largest region for polymer foam, accounting for 39.6% of global revenue in 2019. The positive outlook for the manufacturing industry, based on increased focus on research-and-development, and favorable government initiatives to draw investments, will lead to regional market expansion.

Over the forecast period, polymer foam demand will rise due to rising industrialization and increased production of automotive interiors and parts. These sectors will also benefit from increased foreign direct investment.

Research on the Polymer Foam Market

There are many players in the market for polymer foam. These include CIRES SpA and Sealed Air and Premier Foam. Also, there are established global manufacturers like Armacell International S.A., BASF SE, DowDuPont Inc., and BASF SE. The majority of manufacturers are located in North America and Europe, which means that these regions face high competition. The market players offer a variety of polymer foams that are based on polyurethane (polyethylene), polyether, and expanded Polystyrene. They serve a broad array of markets such as construction, wind power, automotive, mass transport, marine, packaging, and other industries.

Forward integration is the hallmark of the market. This includes raw material production, manufacture and distribution to different industries. Continuous raw material supply is possible due to integration across all stages of the value-chain. This also results in low manufacturing costs. A few companies have taken R&D steps to improve their type specifications and market reach. This will likely increase type demand over the next years.

The Report Covers Certain Segments

This report forecasts revenue growth and volume at the global, regional and country levels. It also provides analysis of industry trends for each sub-segment from 2016 through 2027. Grand View Research has divided the global polymer foam market report by type, application, region, and purpose.

• Type Outlook (Volume of Kilotons; Revenue USD Millions, 2016-2027)

  • Polyurethane

  • Polystyrene

  • PVC

  • Phenolic

  • Polyolefin

  • Melamine

  • Other

• Application Outlook (Volume of Kilotons; Revenue USD Millions, 2016-2027)

  • Packaging

  • Building & Construction

  • Furniture and Bedding

  • Automotive

  • Rail

  • Wind

  • Marine

  • Other

• Regional Outlook (Volume of Kilotons; Revenue USD Millions, 2016-2027)

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • Italy

    • U.K.

    • Spain

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Singapore

    • Indonesia

  • Central & South America

    • Brazil

  • Middle East & Africa

These are the most frequently asked questions about this report

b. The market for polymer foam was valued at USD 113.9 billion in 2019, and is forecast to grow to USD 118.4 trillion by 2020.

b. Global polymer foam market will grow at a compound annual rate of 3.8% between 2020 and 2027, to reach USD 153.8 million by 2027.

b. With a 39.5% share in 2019, Asia Pacific was the dominant market for polymer foam. This can be attributed to the rising demand for polyurethane, polystyrene, and marine foams as well as PVC foam in wind power applications.

b. b.

b. The market growth is driven by the growing of polymer foam market applications across various industries such as packaging, bedding and automotive to create lightweight, fuel efficient, and durable structures.

Up Market Research published a new report titled “Polymer Foam Market research report which is segmented by Type (Polyurethane, Melamine, PVC, Polystyrene, Polyolefin, Phenolic), By Players/Companies CIRES SpA, Vulcan Corporation, Sealed Air, Premier Foam, well-established global manufacturers, including DowDuPont Inc; BASF SE; and Armacell International SA”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Polymer Foam Market Report Segments:

The market is segmented by Type (Polyurethane, Melamine, PVC, Polystyrene, Polyolefin, Phenolic).

Polymer Foam Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Polymer Foam Market

Overview of the regional outlook of the Polymer Foam Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Polymer Foam Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Polymer Foam Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Polyurethane

                2. Melamine

                3. PVC

                4. Polystyrene

                5. Polyolefin

                6. Phenolic

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Polymer Foam Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Polymer Foam Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.