Polymer Foam Market 2030: Foams for Electronics and Insulation
The global polymer foam market was valued at USD 135.56 billion in 2023 and is projected to reach USD 588.99 billion by 2030, expanding at a robust CAGR of 23.9% from 2024 to 2030.
Polymer Foam Market Summary
The global polymer foam market was valued at USD 135.56 billion in 2023 and is projected to reach USD 588.99 billion by 2030, expanding at a robust CAGR of 23.9% from 2024 to 2030. Increasing applications across diverse industries-including packaging, furniture & bedding, automotive, and construction-are expected to significantly contribute to rising polymer foam demand over the coming years.
Polymer foams are highly versatile materials known for their lightweight nature, durability, mildew resistance, and dermatological safety. These properties make them suitable for numerous consumer and industrial applications. Polyurethane-based foams are widely utilized in building and construction, marine, and automotive sectors due to their performance and adaptability.
In the Asia Pacific region, the polymer foam market benefits from a strong manufacturing base supported by rising investments in research and development and government initiatives aimed at attracting foreign investment. Rapid industrialization, growing vehicle component production, and expanding packaging needs in emerging economies such as China and India are expected to bolster regional demand. Increasing foreign direct investment is also projected to stimulate industry growth in the region.
Order a free sample PDF of the Polymer Foam Market Intelligence Study, published by Grand View Research.
Key Market Trends & Insights
- Asia Pacific dominated the polymer foam market with a 40.24% revenue share in 2023.
- North America is projected to witness significant growth throughout the forecast period.
- By type, the polystyrene foam segment accounted for the largest share at 88.20% in 2023.
- By application, building & construction held the leading revenue share of 37.12% in 2023.
- The polyurethane (PU) foam segment is expected to exhibit the fastest growth during the forecast period.
Market Size & Forecast
- 2023 Market Size: USD 135.56 billion
- 2030 Projected Market Size: USD 588.99 billion
- CAGR (2024–2030): 23.9%
- Largest Market (2023): Asia Pacific
- Fastest-Growing Market: North America
Key Companies & Market Share Insights
Prominent market participants include BASF SE and Arkema Group:
- BASF SE offers a wide range of plastic products, including performance polymers, plastic additives, and polyamides & intermediates, serving industries such as automotive, construction, consumer goods, and electronics. The company also supplies post-consumer recycled resins through its plastics and rubber division.
- Arkema Group manufactures specialty chemicals and advanced materials across three business segments: Coating Solutions, Industrial Specialties, and High-Performance Materials. Its portfolio includes specialty polyamides, adhesives, fluoropolymers, PMMA, hydrogen peroxides, and coating resins.
Emerging players such as Fritz Nauer AG and Zotefoams plc are also contributing to market expansion:
- Fritz Nauer AG, part of Conzzeta’s chemical specialties business, offers over 200 polyurethane-based foam products.
- Zotefoams plc specializes in cellular and cross-linked polyolefin foams used in industries such as aerospace, automotive, marine, construction, medical, and industrial machinery.
Key Polymer Foam Companies
- Arkema Group
- Armacell International S.A.
- BASF SE
- Borealis AG
- Fritz Nauer AG
- Koepp Schaum GmbH
- JSP Corporation
- Polymer Technologies, Inc.
- Recticel NV
- Rogers Corporation
- SEKISUI ALVEO AG
- Synthos S.A.
- DowDuPont, Inc.
- Trelleborg AB
- Zotefoams plc
- Woodbridge Foam Corporation
- Sealed Air Corporation
Explore Horizon Databook – The world’s most expansive market intelligence platform developed by Grand View Research.
Conclusion
The polymer foam market is set for exceptional growth through 2030, driven by expanding applications in construction, automotive, packaging, and consumer goods. Asia Pacific leads the market due to rapid industrialization and manufacturing advancements, while North America is emerging as the fastest-growing region. With strong material advantages-including light weight, durability, and versatility-polymer foams continue to gain traction across industries. Ongoing R&D, product innovation, and increasing foreign investment are expected to further accelerate market expansion throughout the forecast period.