Dublin, June 28, 2021 (GLOBE NEWSWIRE) -- The "Global Foam Market by Type (Polyurethane, Polystyrene (EPS & XPS), Polyolefin (PE, PP, EVA), Phenolic, PET), Type (Rigid, Flexible), End-use Industry (Construction, Packaging, Automotive, Furniture & Bedding, Footwear), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global foam market is estimated at USD 93.9 billion in 2021 and is projected to reach USD 118.9 billion by 2026, at a CAGR of 4.8% between 2021 and 2026.
The market is propelled by the growth of various end-use industries. Increasing investments in infrastructure, new housing projects, and renovation of non-residential buildings in China, India, and Brazil have also boosted market growth.
Foam is widely used in the automotive, building & construction, packaging, footwear, sports & recreational, and furniture & bedding industries. Flexible PU foam is extensively used in the automotive and building & construction industries. It helps automobile manufacturers address issues related to weight reduction, vibration absorption, fuel efficiency, and durability.
Building & Construction is projected to be the largest end-use industry of foam market
The building & construction industry in APAC is expected to witness the highest growth rate during the next five years, driven by huge investments in new infrastructure development, new housing projects, and renovation of non-residential buildings in major countries like China and India.
The high demand for online shopping is increasing the demand for packaging; this is expected to drive the protective packaging market during the forecast period. The use of foam in medical device packaging, orthopedic soft goods, and medical components is also projected to drive the market in the medical industry between 2021 and 2026.
Polyurethane is the largest foam type segment of the foam market
MDI, TDI, polyether polyols, and polyester polyols are the major raw materials used to make polyurethane foam. PU foam has open-cell structures. Generally, manufacturers make these foams by reacting polyols and diisocyanates, both of which are extracted from raw petroleum. A blowing agent is used to blow the cells of the foam and expand its volume to form lightweight PU foam. Generally, polyols with TDI (toluene diisocyanate) produce flexible foam, which is mainly used to make flexible slab stock foam, while polyols with MDI produce rigid foam.
PU foam has low heat conduction coefficient, low density, low water absorption, relatively good mechanical strength, and good insulating properties. It is available in a wide range of rigidity, hardness, and density levels. Low-density flexible foam is used in upholstery, bedding, automotive and truck seating, and novel inorganic plant substrates for roof or wall gardens. It is also used in thermal insulation and RTM cores. PU foam is categorized into three sub-segments - flexible PU foam, rigid PU foam, and spray PU foam.
APAC is the largest market for foam during the forecast period
The foam market in APAC is segmented into China, India, Japan, South Korea, Malaysia, Indonesia, Thailand, and the Rest of APAC. The region is the fastest-growing in the foam market, driven by high economic growth and heavy investments in the automotive, marine, building & construction, and manufacturing industries. The growth of the APAC market is propelled by the increasing use of foam in the building & construction, automotive, footwear, sports & recreational, furniture & bedding, and packaging industries.
The demand for high-quality products, rising population, and the growing end-use industries have led to innovation and development in the market. The continuous growth in the manufacturing of products for domestic use, as well as exports, drives the demand for foam in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Foam Market
4.2 Foam Market Growth, by Foam Type
4.3 APAC: Foam Market Share, by End-use Industry and Country
4.4 Foam Market: Major Countries
4.5 Foam Market: Developed vs. Developing Countries
5 Market Overview
5.2 Value Chain Analysis
5.2.1 Foam Market: Supply Chain Ecosystem
5.2.2 COVID-19 Impact on Value Chain
220.127.116.11 Action Plan Against Such Vulnerability
5.3 Market Dynamics
18.104.22.168 Growing Use of Foam in Major End-use Industries
22.214.171.124 High Demand for Foam in APAC
126.96.36.199 Focus on Energy Sustainability and Energy Conservation
188.8.131.52 Growth of Wind Energy Sector Boosts PET Foam Market
184.108.40.206 Volatility in Raw Material Prices
220.127.116.11 Growing Demand for Bio-Based Polyols
18.104.22.168 Increasing Use of CO2-Based Polyols
22.214.171.124 High Pricing Pressure
126.96.36.199 Imposition of Stringent Regulations
188.8.131.52 Impact of COVID-19 on Various End-use Industries
5.4 Porter's Five Forces Analysis
5.5 Average Pricing Analysis
5.6 Foam Ecosystem
5.7 Macroeconomic Indicators
5.8 Operational Data and Key Industry Trends
5.8.1 Global Automotive Industry Trends and Forecast
5.8.2 Global Construction Industry Trends and Forecast
5.8.3 Wind Energy Industry Trends
5.9 Foam Patent Analysis
5.9.2 Publication Trends
5.9.4 Jurisdiction Analysis
5.9.5 Top Applicants
5.10 Policy and Regulations
5.11 Trade Analysis
5.11.1 Trade Scenario for Polyethylene Foam
5.11.2 Trade Scenario for Polypropylene Foam
184.108.40.206 Polypropylene Import-Export Trend Impacting EPP and XPP Foam Production in Foam Market
5.11.3 Polystyrene and EPS Import-Export Trend Impacting EPS and XPS Foam Production in Foam Market
5.12 Case Study Analysis
5.13 COVID-19 Impact Analysis
5.14 Technology Analysis
6 Foam Market, by Type
6.2 Flexible Foam
6.3 Rigid Foam
7 Foam Market, by Foam Type
8 Foam Market, by End-use Industry
9 Foam Market, by Region
10 Competitive Insulation Materials
11 Competitive Landscape
12 Company Profiles
12.1 Key Companies
12.1.1 Armacell International S.A.
12.1.2 BASF SE
12.1.3 Covestro AG
12.1.4 The Dow Chemical Company
12.1.5 Huntsman Corporation
12.1.6 JSP Corporation
12.1.7 Recticel NV/SA
12.1.8 Rogers Corporation
12.1.9 Sealed Air Corporation
12.1.10 Zotefoams plc
12.2 Other Players
12.2.1 ACH Foam Technologies, Inc.
12.2.2 Compagnie de Saint-Gobain S.A.
12.2.3 Eurofoam Group
12.2.5 Foamcraft, Inc.
12.2.6 Hanwha Total Petrochemical
12.2.7 Kaneka Corporation
12.2.8 Loyal Group
12.2.9 Mitsui Chemicals, Inc.
12.2.10 Polymer Technologies, Inc.
12.2.11 Toray Industries, Inc.
12.2.12 Versalis S.p.A.
12.2.13 LG Chem
12.2.14 Synthos S.A.
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