Authored By: Sarah
23 Oct 2023

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

  • 47% of the growth of the global market during the forecast period will originate from APAC. The primary factors fostering the growth of many applications of polymer foams in APAC are population growth, economic growth, and the rising disposable incomes of the people in India, the Philippines, Malaysia, and China. In addition, China, Japan, India, and South Korea were among the top ten producers of automotive vehicles as per 2021 reports.
  • Moreover, the rise in demand for food and beverages, alcoholic beverages, and pharmaceuticals is expected to lead to an increase in market share in APAC during the forecast period.

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Image: APAC to lead the Global Polymer Foam Market

Techavio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment.  For more insights and data-backed analysis request for our best-selling sample report on the Global Polymer Foam Market

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

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive Polymer Foam Market growth during the next five years
  • Precise estimation of the Polymer Foam Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the polymer foam industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Polymer Foam Market players.
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