Industrial Foam Market Report 2026

The industrial foam market size has grown strongly in recent years. It will grow from $71.68 billion in 2025 to $77.58 billion in 2026 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to expansion of construction and infrastructure projects, growth of furniture and bedding industries, increasing use of insulation materials, rising demand from automotive interiors, availability of diverse polymer foam materials.

The industrial foam market size is expected to see strong growth in the next few years. It will grow to $104.2 billion in 2030 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing demand for energy-efficient buildings, rising adoption of sustainable foam materials, expansion of electric vehicle production, growing focus on recyclable foam solutions, increasing investment in advanced insulation technologies. Major trends in the forecast period include rising demand for lightweight insulation materials, growing use of high-performance rigid foams, expansion of thermal and acoustic insulation applications, increasing adoption in automotive interiors, enhanced focus on energy efficiency.

The increasing demand in the construction industry is expected to drive the growth of the industrial foam market. The construction industry involves a broad range of activities related to planning, designing, developing, and building structures and infrastructure. Industrial foam is a versatile material used in construction to enhance energy efficiency, water resistance, sound insulation, durability, structural integrity, and occupant comfort. For instance, in November 2024, according to the Office for National Statistics (ONS), a UK-based government agency, the value of new construction work in Great Britain increased to $183.5 billion (£139,029 million) in 2023, up from $175.6 billion (£132,989 million) in 2022. Therefore, the increasing demand in the construction industry is driving the growth of the industrial foam market.

Major industry players in the industrial foam market are channeling efforts towards innovative product lines, such as the ecoSphere family, to drive market revenues. The ecoSphere product line features mono-material polyethylene terephthalate (PET) aimed at reducing landfill disposal of seating foam pads and trim covers. For instance, in October 2023, Magna International Inc., a Canadian automotive supplier with diverse capabilities in automotive system design, development, and manufacturing, introduced the ecosphere product family. Leveraging expertise in foam chemistry fusion, trim manufacturing, artistry, and tooling, this seamless, cost-effective solution meets industry standards for seating materials' appearance and texture. The utilization of 100% melt recyclable foam and trim technology substantially minimizes environmental impact while adhering to industry requirements.

In June 2023, Carpenter Technology Corporation, a US-based company specializing in the development, manufacturing, and distribution of specialty metals and alloys, acquired Recticel NV’s Engineered Foams Division for an undisclosed amount. This acquisition is part of Carpenter Technology's strategy to enhance its global presence, diversify its product range, foster innovation in polyurethane foam solutions, strengthen its sustainability initiatives, and accelerate growth across various markets. Recticel NV’s Engineered Foams Division, based in Belgium, is known for developing and manufacturing polyurethane foam products.

Major companies operating in the industrial foam market are Covestro AG, BASF SE, Dow Inc., Huntsman Corporation, Sekisui Chemical Co. Ltd., Saint-Gobain S.A., Recticel N.V, Rogers Corporation, Trelleborg AB, FoamPartner Group, Eurofoam Group, Woodbridge Foam Corporation, Tosoh Corporation, Hanwha Chemical Corporation, ACH Foam Technologies LLC, Arkema, Mitsui Chemicals Inc., Toray Industries, Sealed Air Corporationfv, Zotefoams PLC, Armacell International S.A., Future Foam Inc., FXI Inc., General Plastics Manufacturing Company, Greiner Holding AG, INOAC Corporation, JSP Corporation, Kaneka Corporation.

Asia-Pacific was the largest region in the industrial foam market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial foam market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial foam market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial foam market consists of sales of ethafoam, volara, closed-cell sponge rubber, open-cell sponge rubber and cellulose. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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