Polymer Foam Market 2024-2028: Size and Environmental hazards due to manufacture and application of PU; growth driven by the Type, Some of key Companies Positioned Strategically

The polymer foam market size by Type (PU, PS, PVC, Phenolic, and Others), Application (Packaging, Building and construction, Furniture and bedding, Transportation, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America), is forecast to increase by USD 26.2 billion. The market is expected to grow at a CAGR of   4.36% between 2024 and 2028.

• The global polymer foam market faces significant challenges due to increasing environmental concerns and regulatory restrictions. Particularly, the use of polyurethane (PU) foam, which is a major contributor to this market, is under scrutiny due to its environmental impact. Developed nations, such as the US, Japan, and EU, have implemented or plan to implement regulations limiting or banning the use of plastics, including PU foam. Additionally, the production of flexible PU foam generates substantial carbon dioxide emissions, further exacerbating environmental concerns. These factors are expected to negatively impact the growth of the global polymer foam market during the forecast period.
• The Asia Pacific (APAC) polymer foam market is experiencing significant growth, driven by population expansion, economic development, and increasing disposable income levels in countries such as India, the Philippines, Malaysia, and China. This trend is anticipated to accelerate throughout the forecast period. Moreover, China, Japan, India, and South Korea were among the world's top ten automotive vehicle producers in 2021. These nations are projected to preserve their market positions during the forecast period, leading to substantial growth opportunities for the polymer foam industry in APAC due to the extensive use of polymer foams in automotive manufacturing. Furthermore, the expanding demand for food and beverages, alcoholic beverages, and pharmaceuticals in APAC is expected to boost the market share during the forecast period.

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Some of the Key Companies:

• Arkema SA
• Armacell International SA
• BASF SE
• Borealis AG
• Boyd Corp.
• Dow Inc.
• FXI
• Huntsman Corp.
• Lanxess AG
• Mitsubishi Gas Chemical Co. Inc.
• Mitsui Chemicals Inc.
• Polymer Technologies Inc.
• RAG Stiftung
• Recticel Group
• Rogers Foam Corp.
• Saudi Basic Industries Corp.
• Toray Industries Inc.
• Tosoh Corp.
• Woodbridge Foam Corp.
• Zotefoams plc

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