AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
LONDON, GREATER LONDON, UNITED KINGDOM, September 24, 2024 /EINPresswire.com/ -- The polymer foam market has experienced robust growth in recent years, expanding from $107.36 billion in 2023 to $113.49 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to growth in construction and building industry, consumer electronics demand, expansion of aerospace industry, increasing use in furniture and bedding, medical and healthcare applications.
What Is The Estimated Market Size Of The Global Polymer Foam Market And Its Annual Growth Rate?
The polymer foam market is projected to continue its strong growth, reaching $141.31 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to urbanization in developing regions, renewable and biodegradable polymer foams, focus on disaster-resilient construction, demand for high-performance insulation, energy efficiency initiatives.
Explore Comprehensive Insights Into The Global Polymer Foam Market With A Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample_request?id=9109&type=smp
Growth Driver Of The Polymer Foam Market
The growth of building and construction activities is expected to propel the polymer foam market going forward. Building and construction refer to the manufacturing and trade related to building, repairing, renovating, and maintaining infrastructures. They are involved in the construction of buildings and the assembly of any infrastructure at a site. Polymer is used as insulation, roofing, and sealant material in building and construction and they help in air-sealing and insulating the buildings and improve a building’s strength, so an increase in building and construction activities will propel the market growth.
Make Your Report Purchase Here And Explore The Whole Industry's Data As Well:
https://www.thebusinessresearchcompany.com/report/polymer-foam-global-market-report
Who Are The Leading Competitors In The Polymer Foam Market Share?
Key players in the market include Sealed Air Corporation, Arkema Group, Armacell International SA, Borealis AG, Polymer Technologies Inc., Zotefoams PLC, Synthos S A, BASF SE, TotalEnergies SE, KANEKA CORPORATION, Toray Industries Inc., Saudi Basic Industries Corporation, Huntsman International LLC, SEKISUI ALVEO AG, Covestro AG, Fritz Nauer AG, Koepp Schaum GmbH, JSP Corporation, Lanxess AG, Tosoh Corporation, DowDuPont Inc., Recticel NV, Rogers Corporation, Woodbridge Foam Corporation, Trelleborg AB, BAE Systems PLC, Honeywell International Inc., Elbit Systems Ltd., Spongex, Genesys Aero systems.
What Are The Dominant Trends In Polymer Foam Market Growth?
Major companies operating in the market are focused on introducing bio-friendly solutions to adopt sustainable approaches, such as the mass balance approach, to gain a competitive edge in the market. The mass balance approach is a method used in various industries, including the chemical, plastics, and food sectors, to track the flow of sustainable materials through a complex value chain.
How Is The Global Polymer Foam Market Segmented?
1) By Type: Polyurethane Foam, Polystyrene Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, Other Types
2) By Form: Flexible Foam, Rigid Foam
3) By Application: Packaging, Building And Construction, Furniture And Bedding, Automotive, Rail, Wind, Marine, Other Applications
Geographical Insights: Asia-Pacific Leading The Polymer Foam Market
Asia-Pacific was the largest region in the market in 2023, and is expected to be the fastest-growing region in the market during the forecast period. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Polymer Foam Market Definition
Polymer foam refers to polymer material in which a polymer matrix contains a large number of tiny foam holes inside and that is also known as a porous polymer material. They have lower density with good sound and heat insulations. Polymer foam is used as insulation materials in many industries.
Polymer Foam Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global polymer foam market report covering trends, opportunities, strategies, and more
The Polymer Foam Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on polymer foam market size, polymer foam market drivers and trends, polymer foam market major players and polymer foam market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Polymer Biomaterial Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/polymer-biomaterial-global-market-report
Polymerase Chain Reactions (PCR) Devices, Reagents And Uses Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/polymerase-chain-reactions-devices-reagents-and-uses-global-market-report
Ethylene Propylene (EPDM) Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/ethylene-propylene-epdm-global-market-report
What Does the Business Research Company Do?
The Business Research Company publishes over 15,000 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. We provide continuous and custom research services, offering a range of specialized packages tailored to your needs, including Market Entry Research Package, Competitor Tracking Package, Supplier & Distributor Package, and much more.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
