Building & construction segment accounted for the largest share of the polymer foam market till 2024

Author: Rahul Lunawat

Polymer Foam Market is projected to grow from USD 90.7 billion in 2020 to USD 114.8 billion by 2025, at a CAGR of 4.8%. Polymer foam is largely used in the building & construction, packaging, and furniture & bedding.

Browse 119 market data Tables and 41 Figures spread through 203 Pages and in-depth TOC on "Polymer Foam Market”.

Polyurethane resin segment is projected to be the largest segment of the polymer foam market.

PU foam is available in a wide range of rigidity, hardness, and density levels. Low-density flexible foams are used in upholstery, bedding, automotive and truck seating, and novel inorganic plant substrates for roof or wall gardens. PU foams are mainly used in furniture & bedding and building & construction sectors. It is produced by many leading manufacturers. In addition, PU foam is a good choice for insulation and helps in reducing CO2 emissions. It is a versatile substance, in terms of properties, and is, therefore, suitable for use in construction and automotive industries. As the construction industry is growing rapidly in APAC, PU plays a dominant role in the growth of the overall polymer foam market in the region.

Footwear, sports & recreational is the fastest-growing segment of the overall polymer foam market.

The footwear, sports & recreational segment is projected to be the fastest-growing end-use industry of polymer foam. The properties offered by polymer foams, such as good thermoforming capacity and creep resistance, make it suitable for use in many sporting goods such as skis, hockey sticks, snowboards, surfboards, and racing bicycle wheels. Using polymer foams in sporting goods make the final products lightweight and durable with high mechanical properties

APAC is the largest polymer foam market during the forecast period.

APAC is the leading market for polymer foam. The growth in the region is fueled by the booming economies of China, India, Indonesia, and Vietnam. Pu resin is a preferred choice in the building & construction industry in APAC. It is in high demand, as it is a low-cost material that provides low heat conduction coefficient, low density, low water absorption, relatively good mechanical strength, and good insulating properties.

BASF SE (Germany) is a diversified chemical company. The company has five business segments: Functional Materials & Solutions, Chemicals, Performance Products, Agricultural Solutions, and Others. The company operates through six integrated production sites and 390 other production sites in Europe. It has a strong customer base and operates in many countries in Europe, North America, APAC, Africa, and the Middle East. In March 2019, BASF enhanced its regional innovation capabilities with new facilities at the Innovation Campus Shanghai to further strengthen collaboration with the automotive industry and to offer new process catalysts to the chemical industry. With an investment of approximately USD 38.0 million, the new 5,000-square-meter facilities include the Automotive Application Center and the Process Catalysis Research & Development (R&D) Center. One of the innovations include polyurethane (PU) integral foam solutions with an open cell structure offering unique performance as they are light-weight, with excellent sound insulation and flame resistance.

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The Dow Chemical Company is a diversified, global manufacturer and supplier of products which are used primarily as raw materials in the manufacture of customer products and services. It operates through three business segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings.

The company caters to numerous end-use industries such as appliances, automotive, agricultural, building and construction, chemical processing, electronic, furniture, houseware, oil & gas, packaging, paint, coating and adhesive, personal care, pharmaceutical, processed food, pulp & paper, textile and carpet, utilities, and water treatment.

Recent Developments

  • In March 2019, BASF enhanced its regional innovation capabilities with new facilities at the Innovation Campus Shanghai to further strengthen collaboration with the automotive industry and to offer new process catalysts to the chemical industry. With an investment of approximately USD 38.0 million, the new 5,000-square-meter facilities include the Automotive Application Center and the Process Catalysis Research & Development (R&D) Center. One of the innovations include polyurethane (PU) integral foam solutions with an open cell structure offering unique performance, which are light-weight, with excellent sound insulation and flame resistance.
  • In November 2018, The Dow Chemical Company announced the opening of a polyol (a raw material for polymer foam) plant for rigid PU foam in Rayong, Thailand. This facility is expected to increase the company's capacity to offer high-quality insulation products and solutions.

Critical questions the report answers:

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming applications of polymer foam?
  • Which segment has the potential to register the highest market share?
  • What is the current competitive landscape in the polymer foam market in terms of new technologies, production, and sales?
  • What will be the future of polymer foam?

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