The polymer foam market size was valued at USD 114.88 billion in 2019. It is projected to grow to touch USD 157.63 billion by 2027 at a CAGR of 7.73% during the forecast period. The market is thriving at an exponential rate due to its excellent properties in manufacturing of flooring products and insulation panels. Fortune Business Insights™ stated this in a "Polymer Foam Market, 2024-2032 report."
List of the Companies Profiled in the Polymer Foam Market:
Polymer Foam Market Segmentation
Growing Demand for Bedding ProductsSpurs PolyurethaneSegment
On the basis of type, the market is classified into polyethylene (PE), polyvinyl chloride (PVC), polyurethane (PU), polystyrene (PS), and others. The polyurethane segment will dominate due to increasing demand for bedding products and viscoelastic foam for making mattresses.
Rise in Residential Constructional Activities Surge demand in Building & Construction Segment
In terms of application, the market is categorized into packaging, furniture, appliances, automotive, building & construction, and apparel. The building & construction segment will gain traction due to a rise in residential constructional activities to make building designs classier.
COVID-19 Impact-
Stringent Restrictions led to a Decrease in Production Capacities
The impact of COVID-19 has badly affected the demand for polymer foam due to decline in per capita income, recreational equipment, electronics products, and sports, leading to lower demand for various products. Furthermore, due to restrictions on movement and social distancing norms, firms worldwide were unable to operate at full strength, which led to a decrease in production capacities for various insulation applications.
Source- https://www.fortunebusinessinsights.com/industry-reports/polymer-foam-market-101698
Polymer Foam Report Coverage