Industrial Foam Market Size to Reach $97.3 Billion by 2029 | Growth at 7.9% CAGR Forecast

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What is the Projected Market Size of the Industrial Foam Industry?
In recent times, the industrial foam market has seen substantial growth. The market size is projected to increase from $67.61 billion in 2024 to $71.68 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.0%. The surge experienced in the historic period is largely due to factors such as research and development efforts, budget-friendly material options, globalization, market expansion, transportation and aerospace industry demands, as well as environmental concerns and sustainability measures.

What Will Be the Size of the Industrial Foam Market by 2029?
Expectations indicate robust growth for the industrial foam market in the coming years, with projections suggesting it will reach a size of $97.3 billion in 2029, reflecting a compound annual growth rate (CAGR) of 7.9%. This predicted growth in the forecast period can be attributed to various factors such as expansion in the construction industry, the use of sustainable materials and eco-friendly solutions, enhancements in the automotive industry, innovative packaging methods, and energy efficiency in buildings. Key trends during the forecast period include initiatives related to the circular economy, changes in furniture and bedding choices, developments in the electronics and electrical domain, breakthroughs in healthcare and medical field, and strict regulatory compliance.

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What Are the Key Drivers Accelerating Growth in the Industrial Foam Market?
The industrial foam market is set to skyrocket due to swift urbanization. As individuals increasingly migrate from rural areas to cities, the process of urbanization unfolds, stimulating the growth and advancement of cities. Industrial foam plays a crucial role in urbanization, being utilized in a variety of construction tasks such as insulation, soundproofing, sealing and cushioning. It not only improves the energy efficiency of buildings but also aids in reducing noise in urban settings and is widely employed in the development of infrastructure like roads and bridges for uses such as void filling and providing structural support. For instance, in October 2022, an article published by the U.S.-based World Bank, an international financial establishment, claimed that more than 50% of the world's population was living in urban areas in 2022. This figure is anticipated to grow by one-and-a-half times by 2045, with the urban population reaching 6 billion. Thus, swift urbanization is propelling the expansion of the industrial foam market.

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How Is the Industrial Foam Market Segmented by Type, Application, and Region?
The industrial foam market covered in this report is segmented -

1) By Foam Type: Flexible, Rigid
2) By Resin Type: Polyurethane, Polystyrene, Polyolefin, Phenolic, PET, Other Resin Types
3) By End-Use: Building And Construction, HVAC, Industrial Pipe Insulation, Marine, Aerospace, Industrial Cold Storage, Others End-Uses

Subsegments:
1) By Flexible: Polyurethane Foam, Polyethylene Foam, Latex Foam
2) By Rigid: Polyurethane Rigid Foam, Polystyrene Foam (EPS And XPS), Phenolic Foam

What Are the Key Trends Driving Growth in the Industrial Foam Market?
The industrial foam market is experiencing a surge in popularity due to technological advancements. The leading companies in the market are concentrating on innovating new technological solutions to stay ahead. For instance, BASF SE, a chemicals company hailing from Germany launched Elastoflex CE 3651/108 in May 2022. This product is a polyurethane insulation spray foam that is 100% water-blown, possesses high flame retardant properties, and is based on flame-retardant technology. Its purpose is to enhance interior air quality in public transportation. Furthermore, it is a low-odor spray foam system that refines the performance and cost efficacy of the concluding product.

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Who Are the Leading Companies Driving Growth in the Industrial Foam Market?
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

Which Is the Leading Region in the Global Industrial Foam Market?
Asia-Pacific was the largest region in the industrial foam market in 2024. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This release was published on openPR.