Polymer Foam Market: Current Analysis and Forecast (2022-2028)


Emphasis on Type (Polyurethane, Polystyrene, Polyolefin, Phenolic, and Others); Application (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, and Others); and Region/Country







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Report Description
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Research Methodology

Report Description

Polymer Foam Market
Polymer Foam Market

Global Polymer Foam Market is expected to grow at a significant rate of around 4% during the forecast period. Polymer foams or plastic foams consist of gaseous and solid phase and have wide range of applications in automotive, furniture, construction, and other areas. The market is growing with increase in construction activities worldwide. According to the Confederation of International Contractors’ Association, the global construction industry is valued at about US$ 7 Trillion and employs around 120 million people. According to U.S. Energy Information Administration, 2014, buildings accounted for approximately 35% to 40% of total energy consumed in developing nations. In addition, the market is highly competitive and companies are actively offering products in the market. For instance, in September 2022, Covestro began offering polyether polyols using bio-circular feedstock together with renewable toluene diisocyanate (TDI) and climate-neutral methylene diphenyl diisocyanate (MDI). The company supplies these two raw materials for the production of polyurethane (PU) foams based on alternative raw materials.

SABIC; BASF SE; Covestro AG; Sealed Air Corporation; Recticel NV; Rogers Corporation; Kaneka Corporation; DowDuPont Inc.; Polymer Technologies, Inc.; and Armacell International S.A. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, polyurethane category is expected to dominant during the forecast period”

Based on type, the market is segmented into polyurethane, polystyrene, polyolefin, phenolic, and others. The polyurethane category is holding a dominant share of the market and is expected to grow with a high CAGR during the forecast period. Polyurethane (PU) foams have various characteristics including durablity, lightweight, versatile, resistant to corrosion and vibration, recyclable, and offer a high level of freedom in geometric design. PU foams are widely used in various passenger car seat cushions, gasket seals, arm rests, head rests, cushioned instrument panels, airbags, and other components to create lightweight, fuel-efficient, and durable structures. Owing to the above factors and their broad application scope, polyurethane foams are expected to witness significant demand in the market.

“Amongst application, the building & construction to hold a significant share in the market in 2020”

On the basis of application, the market is segmented into building & construction, packaging, automotive, furniture & bedding, footwear, and others. The building & construction category is expected to hold a significant share in the market in 2020. Polymer foam is utilized in the building components, including doors, roofs, sealants, and foundations of doors and windows. Apart from this, the surge in construction activities in developed, as well as developing countries, is also driving the market growth during the forecast period. For instance, the ‘Housing for All’ initiative by the Government of India aims to build 20 million affordable houses for the urban poor by 2022. This initiative is expected to significantly boost residential construction across the country.

“Asia Pacific to hold a significant share in the market”

In 2020, Asia Pacific held a significant share of the global market due to surge in demand for wide range of applications, including packaging and construction activities. Further, the high share is also due to high population, rise in middle-class income, and low labor and raw materials cost in the region. Moreover, the rise in the use of rigid polymer foam and low-density polymer foam in the building & construction sector is due to their high energy absorption capacity and low density, is also having a positive impact on market’s growth during the forthcoming years.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

Customization Options:

The global polymer foam market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.Market Definitions
1.2.Main Objective
2.1.Research Process of the Polymer Foam Market
2.2.Research Methodology of the Polymer Foam Market
2.3.Respondent Profile
8.1.Building & Construction
8.4.Furniture & Bedding
9.1.North America    
 9.1.3.Rest of North America
 9.2.6.Rest of Europe
 9.3.4.Rest of Asia-Pacific
 9.4.Rest of World  
10.1.Market Drivers
10.2.Market Challenges
10.3.Impact Analysis
13.1.Demand Side Analysis
13.2.Supply Side Analysis
15.1.Competitive Landscape  
 15.1.1.Porters Fiver Forces Analysis
16.2.BASF SE
16.3.Covestro AG
16.4.Sealed Air Corporation
16.5.Recticel NV
16.6.Rogers Corporation
16.7.Kaneka Corporation
16.8.DowDuPont Inc.
16.9.Polymer Technologies, Inc.
16.10.Armacell International S.A;

Research Methodology

Research Methodology for the Polymer Foam Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global CBD oil market were the three major steps undertaken to create and analyze the adoption of polymer foams in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global polymer foam market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the polymer foam market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the polymer foam market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type, application, disease, and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the polymer foam market. Further, we conducted factor analysis using dependent and independent variables such as various product type, application, disease, and distribution channel of polymer foam. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the polymer foam market sector across the globe.

 Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global polymer foam market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the polymer foam market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global polymer foam market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Polymer Foam Market
Polymer Foam Market

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global polymer foam market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, application, disease, and distribution channel in the global polymer foam market.

The main objective of the Global CBD Oil Market Study

The current & future market trends of the global polymer foam market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the polymer foam market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product type, application, disease, and distribution channel
  • Define and analysis of the regulatory framework for the polymer foam industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the polymer foam market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
  • Company profiles of the polymer foam market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?