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Polymeric Foams - Global Market Trajectory & Analytics

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    Report

  • 628 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338465

Global Polymeric Foams Market to Reach $114.6 Billion by 2026


Polymeric foams are materials manufactured through rapid mixing of solid and gas phase, which leads to the formation of foam with a polymer matrix, with air tunnels or air bubbles. This material features a polymer matrix of air tunnels resembling a porous structure. The foams offer stiffening and weight saving capabilities because of which, they are used in a variety of structural applications. Demand for polymeric foams is being driven by the material`s expanding use in a wide range of applications. Building & construction, furniture & bedding, packaging, automotive and plastics constitute the major end-use markets for various types of polymer foams. Demand mainly emerges from the two core industry verticals, namely building & construction and automotive. With these two end-use sectors currently facing challenging due to the COVID-19 outbreak and the economic contraction forecast for the near term future, the growth prospects in the global polymeric foams market is also being impacted. In the years ahead, a strong construction sector and increased demand for lightweight and fuel efficient vehicles are anticipated to drive market growth for polymer foams. The foams are also being increasingly used in the renewable energy sector, especially the wind energy sector, which is also anticipated to lead to significant market growth over the coming years. Growing emphasis on sustainability is also expected to drive up demand for green building materials such as eco-friendly polymeric foams.

Amid the COVID-19 crisis, the global market for Polymeric Foams estimated at US$90.5 Billion in the year 2022, is projected to reach a revised size of US$114.6 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Polyurethane, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$55.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polystyrene segment is readjusted to a revised 4.8% CAGR for the next 7-year period. Polyurethane foam witnesses strong demand from bedding products and mattresses end-uses, more particularly in mid- and low-income economies like Vietnam, Indonesia, Bangladesh and India. Demand is also growing fast for polystyrene foam, which is considered comparatively more environment-friendly. It is also considered to be the better quality insulation material among alternatives. The packaging industry creates strong demand for this foam variety to leverage its properties of high versatility, thermal insulation, low cost and lightweight.

The U.S. Market is Estimated at $13.8 Billion in 2022, While China is Forecast to Reach $36.8 Billion by 2026


The Polymeric Foams market in the U.S. is estimated at US$13.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$36.8 Billion by the year 2026 trailing a CAGR of 6.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. Asia-Pacific represents the major regional market for polymeric foams. Over the years, the vast population base and rapidly expanding building & construction and industrial sectors have contributed to the robust growth of polymer foams in the region. Increasing automobile sales, rapid urbanization trend and focus on major infrastructure development initiatives have also supported the market growth. On the other hand, developed markets of North America and Europe are likely to witness stable demand for polymer foams, especially in packaging, marine and aviation sectors. Demand for polymeric foams in most developed countries is forecast to register growth driven by recovering demand from construction and automotive industries.

PVC Segment to Reach $9.1 Billion by 2026


In the global PVC segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.2 Billion will reach a projected size of US$7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2026, while Latin America will expand at a 5% CAGR through the analysis period.

Select Competitors (Total 161 Featured):

  • Abriso-Jiffy NV
  • Achilles Corporation
  • American Excelsior Company
  • Armacell International SA
  • BASF SE
  • Boyd Corporation
  • Carpenter Company
  • Covestro AG
  • Dow, Inc.
  • Eurofoam GmbH
  • Foampartner, Inc.
  • FXI
  • Huntsman International LLC
  • JSP Corporation
  • Kaneka corporation
  • Polymer Technologies, Inc.
  • Recticel
  • Rogers Corporation
  • SABIC
  • Sealed Air Corporation
  • Sekisui Alveo AG
  • SIMONA AMERICA Industries
  • Sonoco Products Company
  • Synthos S.A.
  • Tekni-Plex, Inc.
  • The Woodbridge Group®
  • Toray Industries, Inc
  • Trelleborg AB (Sweden)
  • Vita Cellular Foams (UK) Limited
  • Zotefoams PLC

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Polymeric Foams

What is the estimated value of the Global Market for Polymeric Foams?

The Global Market for Polymeric Foams was estimated to be valued at $90.5 Billion in 2022.

What is the growth rate of the Global Market for Polymeric Foams?

The growth rate of the Global Market for Polymeric Foams is 6.1%, with an estimated value of $114.6 Billion by 2026.

What is the forecasted size of the Global Market for Polymeric Foams?

The Global Market for Polymeric Foams is estimated to be worth $114.6 Billion by 2026.

Who are the key companies in the Global Market for Polymeric Foams?

Key companies in the Global Market for Polymeric Foams include Abriso, Jiffy NV, Achilles Corporation, American Excelsior Company, Armacell International SA, BASF SE, Boyd Corporation, Carpenter Company and Dow, Inc..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and a Looming Global Recession
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • With All Major End-Use Industries Collapsing Like a House of Cards, Polymeric Foams to Record Double Digit Decline in Global Revenues
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Global Home Bedding Market (In US$ Billion) for 2019, 2020 & 2021
  • Expected Losses in Global Aviation (In US$ Billion)
  • Global Consumer Electronics Industry (In US$ Billion) for 2019, 2020 & 2021
  • Reduction in Automotive Demand in 2020 (In Million Vehicles)
  • An Introduction to Polymeric Foams
  • Types of Polymeric Foams
  • Global Market Prospects & Outlook
  • Polyurethane Foams Represent A Key Segment
  • Building & Construction: The Leading End-Use Segment
  • Developing Markets to Spearhead Future Growth
  • Competition
  • World Brands
  • Recent Market Activity
  • Polymeric Foams - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Polymer Foams in Building & Construction: Long-Term Growth Outlook Remains Promising
  • Global Insulation Market Size (in US$ Billion) for the Years 2019, 2022 & 2025
  • Global Insulation Market by Product Type (in %) for 2020E
  • Construction Industry: A Critical Indicator of Demand Trends in Polymeric Foams Market
  • Infrastructure Projects Also Vital for Growth of Polymeric Foams Market
  • Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
  • Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
  • Pressing Need for Energy Efficiency Drives Demand for Insulating Technologies
  • Compliance with Greenhouse Gas Emission Targets: A Key Factor Influencing Growth
  • Need for Energy Efficient Buildings Supports Building Insulation Market
  • Global Building Thermal Insulation Market by Type (%): 2020E
  • Building Renovations to Boost Demand for Polymer Foam Insulation
  • Trend towards Green Buildings Augurs Well for Polymer Foams Market
  • Polymer Foams in Furniture Market: Residential & Commercial Construction Activity to Set Demand Trends
  • COVID-19 Outbreak Dents Prospects in Furniture Industry
  • Major Furniture Manufacturing Countries Worldwide: 2020E
  • Mattresses: A Key Market for Polymer Foams
  • Global Mattresses Market Size (in US$ Billion) for 2019, 2022 & 2025
  • Specialty Mattresses Market Presents Growth Opportunity for Polymer Foams Market
  • Latex Bedding Finds Preference over Air and Memory Foam Beds
  • Reticulated Foams for Better Airflow
  • Polymer Foams in Packaging Applications Gain Traction
  • Global Protective Packaging Market by End-Use (in %) for 2020E
  • Polymeric Foams in Seating: Potential for Growth
  • Safety & Comfort Critical Factors Influencing Automotive Foams Market
  • Global Automotive Foams Market by End-Use: 2020E
  • US Automotive Foams Market by Application (in %) for 2020E
  • COVID-19 Outbreak Disrupts Demand for Automotive Foams
  • Post COVID-19 Recovery in Automobile Production to Spur Growth in Automotive Foams Market: World Automobile Production in Million Units for 2008-2022
  • FoamPartner Supplies Innovative PU Foams for Rinspeed AG’s Concept Car, microSNAP
  • Specially Engineered Foams for EV Batteries Offer Several Benefits
  • Saint-Gobain Introduces NextGen PU Compression Pad Materials for EV Batteries
  • Aerospace: A High Potential End-Use Vertical
  • Eco-Friendly Alternatives Find Prominence
  • Blowing Agents: A Major Consideration for Polymer Foam Industry
  • Use of Polymer Foams in Drug Delivery Systems: An Emerging Area
  • Use Cases in Drug Delivery
  • A Review of Select Product Segments
  • Polyurethane Foam Dominates Polymeric Foam Market
  • Global Polyurethane Production Volume Breakdown (in %) by Product Category for 2020E
  • Global Polyurethane Foams Market by End-Use Application (2020)
  • World Rigid Foam Consumption by Raw Material Type (2020)
  • World Flexible Foam Market by Raw Material Type (2020)
  • China and Asia-Pacific Lead Consumption of PU Foams
  • Myriad Applications of Rigid & Flexible Foams Drive Market Adoption
  • Flexible PU Foam Renders High-Quality Cushioning
  • Key Benefits of Flexible PU Foam in Select Applications: A Snapshot
  • Rigid PU Foam Renders Top-Class Insulation
  • Global Polyurethane Foams Market Volume Sales (in %) by Type (2020)
  • Global Rigid PU Foams Market by Geographic Region (2020)
  • Global Rigid PU Foams Market by Type (2020)
  • Polyurethane Innovations and Advancements Foster Growth
  • PU Foams, Offering Lightweight & Durability Benefits, Gain Traction in Aerospace Sector
  • Spray Polyurethane Foam Market: Focus on Reducing Energy Usage in Buildings to Drive Market Growth
  • Global Spray PU Foam Market by Type (in %) for 2020E
  • Global Spray Polyurethane Foam (SPF) Production Volume Breakdown by Geographic Region (2020)
  • Closed Cell Spray Foam: The Widely Used SPF Variant
  • Open Cell Spray Foam: Ideal for Less Demanding Applications
  • Microcellular PU Foam: Demand for Lightweight Materials to Fuel Growth
  • Polystyrene Foam: Growth Driven by Use in Insulation Products
  • Global Polystyrene Foams Demand Breakdown by End-Use Sector (in %) for 2020
  • Polyolefin Foams: Opportunities in Sports Goods & Automotive Applications
  • Global Polyolefin Foams Market Breakdown by Demand (%) by Foam Type (2020)
  • Global Polyolefin Foams Market by End-Use Application (2020)
  • Polypropylene Foams Market: Overview
  • Global Polypropylene Foams Market by End-Use Application (2020)
  • Polyethylene Foams: Diverse Applications to Sustain Market Expansion
  • Global Polyethylene Foams Market by End-Use Application (2020)
  • Innovations Drive Growth in Polymeric Foams Market
  • Novel PU Recycling Technique Emerges
  • Search for Sustainable Chemicals for Application in Nanocomposite PU Foams on the Rise
  • Polyols (Plant Oil) Based PUFs Garner Attention
  • Biodegradable SMP Foams Hold Potential for Use as a Hemostatic Solution
  • Novel Spray Foam Insulation Offers Various Benefits
  • Carbon Nanotube Foams and Nanocellular Polymer Hold Immense Potential
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Immediate Market Prospects Remain Sluggish for the US Polymeric Foam Market
  • Market Opportunities to Re-Emerge in Post COVID-19 Environment
  • Construction Sector: Prominent Consumer of Polymer Foams
  • Key Indicators for US Residential Construction Market
  • Furniture & Bedding: A Major Market for Polymer Foams
  • Stringent Regulatory Standards Favor Adoption of Polymeric Foams in Automotive Industry
  • Implementation of CAFE Standard in the Automotive Sector
  • Polymer Foams in Protective Packaging Market
  • US Protective Packaging Market (2020): Percentage Share Breakdown of Value Sales by Type of Packaging
  • Energy Conserving Attribute of Foamed Plastics to Widen Market Prospects
  • Energy Usage in the US: Breakdown of Energy Consumption (in %) by Sector for 2020
  • Specialty Foams Seek Opportunities in Industrial & Electronics Markets
  • Polyurethane Foam: Major Product Segment
  • US Polyurethane Foam Market by Type (2020)
  • US Spray Polyurethane Foam (SPF) Demand by Application (in %) for 2020E
  • Furniture & Bedding Dominates PU Consumption
  • US Furniture Market: Percentage Breakdown of Value Sales by Sector for 2020E
  • Growing Preference for Energy-Efficient Household Appliances Benefits PU Foam Demand
  • Polystyrene Foam Market: An Overview
  • US Polystyrene Foams Market by Processing Method (2020): Percentage Breakdown of Volume Sales for Expanded and Extruded (Sheet and Boardstock)
  • US Polystyrene Foams Market by End-Use Sector (2020)
  • Rising Prominence of Polystyrene Foam Block Walls
  • Restrictions on PS Foam Use in Food Packaging to Impact Market Growth
  • Polyolefins: Market Overview
  • Competition
  • Leading Players in the US Plastic Foams Market: Percentage Breakdown of Value Sales by Company for 2019
  • Foam Blowing Agents: An Overview
  • Regulatory Status
CANADA
  • Foamed Plastics Market: Housing Sector Recovery to Drive Growth in Future
  • Housing Starts in Canada (in Units) for Years 2014 through 2019
  • Regulatory Scenario
JAPAN
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Need for Home Remodeling to Sustain Market Growth
CHINA
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Despite COVID-19 Scare, China to Remain the Most Important Market
  • Polyurethane Foam: Largest Product Segment
  • Polyurethane Demand Influenced by Economic Trends
  • PU Foams to Gain Traction in Insulation Applications
  • Energy Conservation Initiatives in Construction Sector: An Important Demand Driver
  • Insulation Market: Key End-Use Application for Polymer Foams
  • Insulation Landscape in China
  • Protective Packaging: Opportunities for Polymer Foams
  • Chinese Protective Packaging Market Breakdown of Value Sales by Type (2020)
EUROPE
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • EPS Foam Market in Europe: An Insight
  • European Expanded Polystyrene (EPS) Market by Application (2020)
  • PU Foams: A Market Set to Benefit from Stringent Regulatory Specifications
  • Insulation and Building Needs Drive Demand for Polyurethane
  • The Energy Performance in Buildings (EPBD) Directive
  • Europe’s 2020 Program
FRANCE
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAIN
RUSSIA
  • Use of Polymers in Heat Insulation Applications Grows Significantly
  • Polystyrene Foam: Gaining Preference as Insulation Material in Buildings
  • Polyurethane Foam Market: An Overview
  • Polymeric Foams Find Use in Window Applications
REST OF EUROPE
ASIA-PACIFIC
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Construction Activity in Asia-Pacific Holds Promise
AUSTRALIA
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Polyurethane Foams: A Potential Laden Market
  • Indian PU Foam Production Breakdown by Type: 2020
  • Flexible PU Foam Market: Set for Robust Growth
  • Flexible Slabstock PU Foam Market by End Use in India (2019)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Polymeric Foams Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 161

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Abriso-Jiffy NV
  • Achilles Corporation
  • American Excelsior Company
  • Armacell International SA
  • BASF SE
  • Boyd Corporation
  • Carpenter Company
  • Covestro AG
  • Dow, Inc.
  • Eurofoam GmbH
  • Foampartner, Inc.
  • FXI
  • Huntsman International LLC
  • JSP Corporation
  • Kaneka corporation
  • Polymer Technologies, Inc.
  • Recticel
  • Rogers Corporation
  • SABIC
  • Sealed Air Corporation
  • Sekisui Alveo AG
  • SIMONA AMERICA Industries
  • Sonoco Products Company
  • Synthos S.A.
  • Tekni-Plex, Inc.
  • The Woodbridge Group®
  • Toray Industries, Inc
  • Trelleborg AB (Sweden)
  • Vita Cellular Foams (UK) Limited
  • Zotefoams PLC