Global Polymer Foam Market Analysis |47 % of the market Growth will be generated from APAC through 2023-2027
An increasing building and construction industry, followed by the bedding and furniture industry growth is accelerating demand for rigid foams worldwide turning the Global Polymer Foam Market into a billion-dollar industry. It is estimated to grow by USD 26.95 billion between 2022 and 2027 and the size of the market is forecast to increase at a CAGR of 4.63%.
APAC to lead the Global Polymer Foam Market
Image: APAC to lead the Global Polymer Foam Market
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Leading Brands Arkema Group, Armacell International SA, Borealis AG, Dow Inc., Huntsman Corp., Lanxess AG, Mitsubishi Gas Chemical Co. Inc., Polymer Technologies Inc., RAG Stiftung, Recticel NV, Rogers Foam Corp., Toray Industries Inc., Tosoh Corp., Boyd Corp., Zotefoams Plc, BASF SE, Woodbridge Foam Corp., FXI, Mitsui Chemicals Inc, and Saudi Basic Industries Corp. are some of the major market participants.
To capitalize on most of the opportunities, market players should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Our report also comes with a profiled analysis of the market pioneers.
Polymer Foam Market: Key Highlights of the Report for 2023-2027