Zion Market Research

Global Polymer Foam Market to Register USD 101.50 Billion Growth by 2022

Global polymer foam market was valued at USD 101.50 billion in 2015 and is expected to reach USD 161.0 billion in 2021.


Sarasota, FL -- (SBWIRE) -- 02/17/2017 -- Zion Market Research has published a new report titled "Polymer Foam Market for Building & Construction, Packaging, Automotive, Furniture & Bedding and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021." According to the report, global demand for polymer foam was valued at USD 101.50 billion in 2015 and is expected to reach USD 161.0 billion in 2021, growing at a CAGR of 8.0% between 2016 and 2021.

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Polymer foam is a flexible material useful in multiple applications. It is a formation of various gases and solid substances together. It has low density and lighter in weight. It is available in different type and has wide range of approaches. It is non metallic material exhibiting low heat transfer. It is also accessible in flexible and rigid form. Hence, it has high demand and is expected to grow at a strong CAGR within the forecast period.

The furniture & bedding, packaging and automotive are the important application segments which are expected to propel the demand for polymer foam in North America region during the coming years. Additionally, countries such as U.S., Canada and Mexico are expected to register lucrative growth of market owing to high penetration of products in packaging, automotive, marine and aviations industries. Furthermore, North America is likely to have immense scope due to the stringent rules and regulations imposed by government on automotive industry to lighten the weight of vehicle.

Europe was the second largest market for polymer foam in 2015. However, it is also expected to grow at positive CAGR during the predicted years. Germany was the major contributor of polymer foam in the region and accounted for largest share of the market in Europe. Moreover, Italy, UK and France are expected to experience great demand for polymer foam owing to growing adoption in packaging and furniture industries in the countries.

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Asia Pacific was the largest market for polymer foam in 2015. China was the biggest market for polymer foam. It contributes to the strong proportion of the volume of the region. Growing automotive and construction industry was attributed to this growth. Furthermore, adoption of cost effective techniques is expected to play an important role in contributing the growth of polymer foam market in near future. India, Malaysia and Indonesia are expected to grow at lucrative rate owing to the emerging industries coupled with rising disposable incomes in these countries.

Latin America is also expected to experience a moderate growth in near future. This growth is attributed to the emerging urbanization and expansion of automotive industry in Brazil during the coming five years. Additionally, Middle East and Africa is likely to experience the decent growth in coming years due to penetration of cost effective products in industries such as packaging and construction.

Some of the key players of global polymer foam include BASF SE, the DOW Chemical Company, Armacell International S.A., Stepan Company, JSP Corp, INEOS Group, Adeplast S.A., Woodbridge Foam Partner and amongst others.

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The report segments the global polymer foam market as:

Polymer Foam Market: Type Analysis

-Polystyrene Foam
-Phenolic Foam
-Melamine Foam
-PVC Foam
-Polyurethane Foam
-Polyolefin Foam

Polymer Foam Market: Application Analysis

-Building & Construction
-Furniture & Bedding

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Polymer Foam Market: Application Analysis
-North America
-Asia Pacific
-Latin America
-Middle East and Africa

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