Polymer Foam Market: An Analysis of Size, Shares, Business Growth, and Upcoming Trends Forecast 2024-2030

Polymer foam plays a vital role across industries due to its lightweight, insulation, and cushioning properties. Growing demand in packaging, construction, and automotive sectors drives market expansion. Innovations in eco-friendly and biodegradable foams further enhance its growth prospects.
The global polymer foam market is projected to grow from USD 102.61 billion in 2024 to USD 142.02 billion by 2030, at a CAGR of 5.6% during the forecast period. One of the most important drivers for this polymer foam market [https://www.marketsandmarkets.com/Market-Reports/foams-market-1011.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=polymerfoam] has been the growth in global construction activities, particularly in emerging economies. Demand for polymer foams in residential and commercial construction is growing, with room for more materials that would bring in thermal insulation, soundproofing, and energy efficiency to buildings. The building industry widely employs polymer foams such as PU, EPS, and polyolefin because of their lightweight properties, insulation from heat, and relatively easy installation. In the building sector, polymer foams are used in flooring, insulation panels in walls, and roofing applications. These account for energy conservation by maintaining the temperature inside the house.

The building & construction segment is expected to account for the largest share of the polymer foam market by end-use industry during the forecast period in terms of value.

By end-use industry, the building & construction segment is estimated to have the largest market share by value. Due to the rising need for energy-efficient and environmentally friendly construction materials, the building and construction industry will continue dominating the polymer foams market. Various polymer foams including, but not limited to, polyurethane (PU) and polystyrene (PS), find applications in thermal and acoustical insulation as well as structural infill systems within walls, roofs, and flooring, thereby contributing to the building's energy performance. In addition to these factors, concerns about green building practices and energy efficiency and associated government policies encouraging low-energy buildings have increased the use of polymer foams in the scope of both residential and commercial construction. Moreover, polymer foams have the advantage of being light in weight, hence less conducive to higher construction costs and enhancing the ability of the buildings to withstand better.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1011 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1011&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=polymerfoam]

By resin type, the polyurethane segment is expected to account for the largest market share in terms of value during the forecast period.

Based on resin type, the polyurethane segment is estimated to account for the largest share of the market during the forecast period. This unique market share can be attributed to polyurethane's versatility and a vast range of applications in major sectors, including automotive, construction, packaging, and bedding and furniture sectors. Both rigid and flexible polyurethane foams are often chosen due to characteristics like durability and lightweight nature. Polyurethane is used for soundproofing, energy absorption, and thermal insulation applications in the building and construction industry. It is also found in the automotive sector and in sealing and cushioning functions. Thus, polyurethane's ability to meet a wide range of functional requirements is one of the primary reasons for its dominance in the polymer foam market.

Asia Pacific is projected to register the largest market share during the forecast period.

Asia Pacific is estimated to lead the market during the forecast period. The Asia-Pacific region is expected to have the largest market share in the polymer foam market due to numerous factors. The rapid urbanization and industrialization of countries and areas in the Asia Pacific have led to a substantial increase in demand for polymer foams in construction industries, automotive, and packaging, especially in developing countries such as China, India, and Southeast Asian countries. The increasing construction activities in these regions utilize polymer foams in residential and commercial buildings for insulation, soundproofing, and structural uses. Also boosting the product demand is the region's growing automotive manufacturing sector, which is on the rise due to lightweight materials, such as polyurethane and polystyrene foams, which help improve the efficiency of motor vehicles. Due to the expansion of the e-commerce and retail industries in the Asia Pacific region, there has also been an increasing requirement for polymer foams used in packaging. In addition, the growth of this market is facilitated by the presence of cheap raw materials and labor and the growing commitment towards investments in eco-friendly foam technologies.

Polymer Foam Companies [https://www.marketsandmarkets.com/ResearchInsight/foams-market.asp?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=polymerfoam]

Companies such as ARMACELL (Luxembourg), Sheela Foam Limited (India), Kingspan Insulation, LLC (Ireland), Owens Corning (US), and Zotefoams plc (UK) fall under the winners' category. These are leading players in the Polymer foam market globally. These players have adopted the strategies of acquisitions, expansions, partnerships, and product launches to increase their market shares.

ARMACELL

ARMACELL produces and distributes advanced insulation and engineered foams for the equipment insulation market. The company is one of the major solution providers for flexible technical (mechanical) insulation materials and products based on foam technologies. It offers numerous products, including insulation materials, fire protection products, acoustic solutions & covering systems for building equipment and industrial installations, foam cores as composite materials, and special foams for various industrial applications.

Request PDF Sample Copy: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1011 [https://www.marketsandmarkets.com/requestsampleNew.asp?id=1011&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=polymerfoam]

The company operates in two business segments: Advanced Insulation and Engineered Foams. The Advanced Insulation segment tackles equipment protection and optimization with innovative, flexible foam solutions. Their focus lies on ensuring technical equipment stays well-insulated and protected. It co-designs energy-efficient systems for commercial, industrial, energy, and transportation industries to identify areas for energy savings and then design systems to achieve those goals.

Sheela Foam Limited

Sheela Foam Limited has carved a niche as the frontrunner in India's polyurethane (PU) foam industry. Their manufacturing footprint spans the entire nation, solidifying their position as a domestic leader. However, their vision stretches beyond borders as they possess a global marketing perspective, aiming to leave their mark on the international stage. Over the past five decades, Sheela Foam Limited has built an unwavering reputation for excellence. Their commitment to quality and innovation has resulted in an impeccable track record, earning customers' trust nationwide. The company operates through four business segments: mattress, technical foam, furniture foam, comfort foam, and homecare products.

Sheela Foam Limited's success is further solidified by its winning portfolio of brands. SLEEPWELL, their flagship brand, is at the forefront and synonymous with mattresses and comfort accessories. It is a household name trusted by many for a good night's sleep and overall well-being.

Kingspan Insulation, LLC

Kingspan Insulation, LLC is a subsidiary of Kingspan Group plc, a leading insulation solutions provider for residential and non-residential applications. It operates five business segments: Insulated Panels; Insulation; Roofing & Waterproofing; Light, Air & Water; and Data & Flooring. It has more than 22,000 employees worldwide and 212 manufacturing sites globally. The insulation boards segment offers industrial insulation materials, such as mineral wool and foam, to the power, petrochemical, and food & beverage industries. The company shapes the future of sustainable building.

Kingspan understands the link between sustainable construction and human health. It ensures that its building solutions promote healthy and comfortable living spaces. Its commitment to ethical practices and research into new technologies to reduce environmental impact keeps it at the forefront of sustainable construction.

Kingspan's commitment extends beyond individual buildings; it advocates for broader industry-wide changes that promote sustainable construction practices. Through collaboration and innovation, Kingspan is shaping a future where sustainable building is not just the exception but the norm.

Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1011 [https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1011&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=polymerfoam]

Owens Corning

Owens Corning is a global fiberglass manufacturing company that offers high-, mid-, and low-temperature thermal and acoustic products. The company operates through the Roofing, Insulation, and Composites segments. It provides insulation solutions to commercial, industrial, and residential sectors. Owens Corning operates in 33 countries and sells its insulation products to the US, Canada, Europe, Asia Pacific, and Latin America. It has OEM manufacturing facilities in the US, Mexico, and China and OEM fabrication facilities in the US, Mexico, Italy, and Poland.

Zotefoams plc

Zotefoams plc is one of the leading manufacturers of closed-cell cross-linked polyolefin foams for use in sports, construction, marine, automation, medical equipment, and aerospace industries. The company has two manufacturing plants, one in Croydon, UK, and the other in Kentucky, US. It also has a joint venture to distribute its AZOTE foams in Asia.

The company has a worldwide network of regulated distributors who sell Zotefoams products. It also set up a joint venture in Nagoya, Japan, to cover the block foam market in Asia and the Kunshan ZOTEK KingLai business in China to develop the T-FIT insulation system. It operates under three business segments: Polyolefin Foams, High-performance Products (HPP), and MuCell Extrusion, LLC (MEL).

About MarketsandMarkets Trademark

MarketsandMarkets Trademark has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=polymer-foam-market-an-analysis-of-size-shares-business-growth-and-upcoming-trends-forecast-20242030]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Florida
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/foams-market-1011.html



This release was published on openPR.