NEW YORK, Oct. 23, 2023 /PRNewswire/ — The polymer foam market is expected to grow by USD 26.95 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 4.63% during the forecast period, according to Technavio. Growth in the bedding and furniture industry is notably driving the polymer foam market. However, factors such as Environmental hazards due to the manufacture and application of PU may impede market growth. The market is segmented by type (PU, PS, PVC, phenolic, and others), application (packaging, building and construction, furniture and bedding, transportation, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
We provide a detailed analysis of 20 companies operating in the polymer foam market including Arkema Group, Armacell International SA, Borealis AG, Dow Inc., Huntsman Corp., Lanxess AG, Mitsubishi Gas Chemical Co. Inc., Polymer Technologies Inc., RAG Stiftung, Recticel NV, Rogers Foam Corp., Toray Industries Inc., Tosoh Corp., Boyd Corp., Zotefoams Plc, BASF SE, Woodbridge Foam Corp., FXI, Mitsui Chemicals Inc, and Saudi Basic Industries Corp. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a FREE Sample Report.
Polymer Foam Market 2023-2027: Company Analysis
Dow Inc. – The company offers polymer foam having its advanced features such as lightweight, heat insulation, shock-absorbing properties, moldability, and non-absorption.
This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information
Polymer Foam Market 2023-2027: Segmentation
Type
- The market share growth by the PU segment will be significant during the forecast period. A type of polymer that has a urethane linkage is called PU. PU is intended for use in the construction and insulation of buildings as well as mattresses and cushions. Demand is increasing due to the growing demand for PU foams in a number of sectors, such as bedding, furniture, automotive interiors, carpet underlay, and packaging.
- Application (packaging, building and construction, furniture and bedding, transportation, and others)
Geography
- APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Population, economic growth, and increasing income of people in India, the Philippines, Malaysia, and China are key factors helping to stimulate demand for a wide range of polymer foam applications in the region.
- North America, Europe, Middle East and Africa, and South America
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View FREE PDF Sample Report
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The polypropylene (PP) market size is estimated to grow at a CAGR of 4.34% between 2022 and 2027. The market size is forecast to increase by USD 29.16 billion.
The synthetic rubber market size is estimated to grow at a CAGR of 5.67% between 2022 and 2027. The market size is forecast to increase by USD 12,757.69 million.
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Polymer Foam Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.63% |
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Market growth 2023-2027 |
USD 26.95 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
3.86 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 47% |
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Key countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Arkema Group, Armacell International SA, Borealis AG, Dow Inc., Huntsman Corp., Lanxess AG, Mitsubishi Gas Chemical Co. Inc., Polymer Technologies Inc., RAG Stiftung, Recticel NV, Rogers Foam Corp., Toray Industries Inc., Tosoh Corp., Boyd Corp., Zotefoams Plc, BASF SE, Woodbridge Foam Corp., FXI, Mitsui Chemicals Inc, and Saudi Basic Industries Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
