Press release
Foam Market is valued at USD 126.7 billion in 2024 and is projected to reach USD 171.5 billion by 2030
Foam Market
The Global Foam Market is expanding steadily due to rising demand across construction, automotive, furniture, bedding, packaging, appliances, and medical applications. Foams-especially polyurethane (PU), polystyrene (PS), phenolic, polyethylene (PE), and silicone foams-are valued for their lightweight nature, insulation properties, energy absorption, durability, and cushioning performance.
The global foam market is valued at USD 126.7 billion in 2024 and is projected to reach USD 171.5 billion by 2030, growing at a CAGR of 5.2% during 2024-2030. Market growth is driven by increasing construction activities, rising demand for comfort products, expansion of e-commerce packaging, and greater adoption of insulation foams for energy-efficient buildings.
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Market Growth (2024-2030)
• Market Size 2024: USD 126.7 billion
• Market Size 2030: USD 171.5 billion
• CAGR: 5.2%
Asia-Pacific dominates due to rapid urbanization, large construction projects, and robust manufacturing activity in China, India, and Southeast Asia.
Key Market Drivers
• Growing use of PU foams in furniture, bedding, automotive seats, and insulation
• Expansion of construction and real estate, boosting demand for insulation and structural foams
• Rising consumption of foam packaging in e-commerce, electronics, and protective transport
• Increasing use of medical & hygiene foams in wound care, PPE, and healthcare devices
• Strong growth in automotive lightweighting, requiring polymer-based foams
• Innovations in eco-friendly, bio-based, and recyclable foam solutions
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Market Segmentation
By Type
• Polyurethane Foam (PU) - Largest segment
• Polystyrene Foam (PS) - EPS & XPS
• Polyethylene Foam (PE)
• Phenolic Foam
• Silicone Foam
• PVC Foam
• Melamine Foam
• Rubber Foam
• Bio-Based Foams
By Structure
• Flexible Foam
• Rigid Foam
• Semi-Rigid Foam
By Application
• Building & Construction (Insulation, roofing, flooring, sealing)
• Furniture & Bedding (Mattresses, cushions, sofas)
• Packaging (Protective packaging, e-commerce parcels, EPS blocks)
• Automotive (Seating, interiors, noise & vibration control)
• Electronics (Shock absorption, insulation, casings)
• Medical & Healthcare (Dressings, prosthetics, PPE)
• Appliances (Refrigerators, HVAC systems)
• Sports & Leisure Products
• Footwear
By End-Use Industry
• Construction
• Automotive
• Consumer Goods
• Electronics
• Healthcare
• Packaging
• Appliances
• Industrial Manufacturing
By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
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Key Market Trends
• Rapid adoption of insulation foams for green buildings and energy-efficient HVAC systems
• Growing development of bio-based and recyclable foams to reduce environmental impact
• Replacement of traditional materials with lightweight foams in automotive and aerospace sectors
• Expansion of EVA, PE, and PU foams in sports, footwear, and protective gear
• Increased use of EPS and XPS foams for construction insulation in cold regions
• Rising demand for medical-grade foams driven by healthcare sector expansion
Competitive Landscape
Leading companies operating in the Global Foam Market include:
• BASF SE
• The Dow Chemical Company
• Huntsman Corporation
• Covestro AG
• Armacell International
• Recticel NV
• Sealed Air Corporation
• JSP Corporation
• Zotefoams PLC
• UFP Technologies
These companies focus on foam innovation, sustainability, advanced polymer technologies, expansion of insulation materials, and high-performance foam products for automotive and industrial applications.
Recent Developments
• Launch of bio-based PU foams made from renewable feedstocks
• Expansion of EPS/XPS insulation production lines in North America and Europe
• New fire-resistant and high-insulation foams introduced for the building sector
• Partnerships between automotive OEMs and foam suppliers for lightweight interior components
• Innovations in recyclable PE and PET foams for packaging applications
• Increased adoption of melamine and silicone foams in acoustic and thermal applications
This report is also available in the following languages : Japanese (世界のフォーム市場), Korean (글로벌 폼 시장), Chinese (全球泡沫市场), French (Marché mondial de la mousse), German (Globaler Schaumstoffmarkt), and Italian (Mercato globale della schiuma), etc.
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