Polymer Foam Market Size, Share & Trends Report

Polymer Foam Market Size, Share & Trends Analysis Report By Type (PU, Polystyrene, PVC, Polyolefin), By Application (Building & Constructions, Automotive, Rail, Marine), By Region, And Segment Forecasts, 2018 - 2025

  • Published Date: Oct, 2018
  • Base Year for Estimate: 2017
  • Report ID: 978-1-68038-932-6
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 140

Industry Insights

The global polymer foam market size was valued at USD 105.5 billion in 2017 and is projected to expand at a CAGR of 4.0% during the forecast period. Growing applications in industries, such as packaging, furniture and bedding, and automotive, are expected to drive the market over the upcoming years. Polymer foams are extremely lightweight and versatile, highly durable, mildew resistant, and dermatologically-friendly. These properties make them safe and recommendable for numerous consumer applications.

U.S. polymer foam market

Among various types of polymer foams, Polyurethane (PU)-based foams are widely used in different applications as they are recyclable, lightweight, versatile, durable, and resistant to corrosion and vibration. However, several governments and federal agencies are increasingly raising concerns regarding detrimental health effects of isocyanates utilized in polyurethane production.

Thus, major multinationals like Bayer and the Dow Chemical Company have developed innovative manufacturing processes and raw materials to reduce dependence on conventional fossil-fuel based resources and to improve production yield. Emerging markets across Asia Pacific are gearing up their production facilities to meet ever-growing demands from burgeoning population. Countries, such as China and India, with high GDP growth rates are expected to witness rapid growth in automotive, construction, pharmaceuticals, and manufacturing sectors.

These factors are likely to foster product demand in several related applications. Moreover, government support in the form of tax incentives and subsidy schemes to encourage manufacturing sectors in these countries is also likely to promote demand for bio-based PU to replace environmentally harmful crude oil-based solvents. Initiatives, such as Make in India, by Indian government seek to facilitate investments and encourage domestic production. This is expected to generate high returns for companies investing in high potential products, such as PU, polystyrene, and Polyvinyl Chloride (PVC) foams.

Type Insights

The PU foam segment led the global polymer foam market in 2017 and is expected to maintain its dominance throughout the forecast period. Polyurethane foams find applications in a variety of industries including automotive, marine, and building and construction owing to their superior capabilities, such as low heat and sound transfer, high-energy dissipation, and insulation. Increasing demand for residential and commercial spaces, especially in Singapore, Korea, and Indonesia, is further expected to fuel product demand in construction applications.

Expanded polystyrene foam is one of the lightest materials and on account of its high strength to weight ratio, it is used in packaging applications thereby reducing fuel consumption and transport costs. Polystyrene foam can also be used in rail applications, such as construction of train station platform extensions and rail embankment. Thus, increasing number of rail infrastructure construction projects in Asia Pacific and Middle East & Africa regions is expected to drive the demand for polystyrene foam over the forecast period.

Application Insights

Building and construction was the largest segment owing to rising product applications for insulation purposes, flooring, pipe, molding, and in wire and cables. Furniture and bedding will remain the second-largest segment owing to wide applications in carpet padding, fibers, chair cushions, mattress padding, and furniture.

Global polymer foam market

Automotive is estimated to be one of fastest-growing segment over the forecast period due to extensive product usage in automotive components, such as seats, dashboards, power trains, and suspension bushings. Recovery of the U.S. automobile sector coupled with growing automotive production in emerging economies of India and China is expected to have a positive impact on the overall market. Packaging is expected to follow automotive segment and is expected to witness significant growth over the years to come.

Regional Insights

The U.S. regional market was driven by the growing demand for PU and polystyrene foams in building and construction and marine applications and PVC foams in wind energy applications. According to the U.S. Department of Housing and Urban Development, the new residential housing completions increased from approximately 900 thousand units in 2014 to 1,200 thousand units in 2018. This steady increase in residential units had driven the demand for PU foams in the building and construction segmentation.

Asia Pacific was the largest region and accounted for 39.38% of the global revenue share in 2017. Positive outlook for manufacturing industry in light of growing focus on research and development coupled with favorable government initiatives to attract investments is expected to result in regional market expansion. Rapidly expanding automobile and packaging industries in emerging economies, such as India and China, are also expected to drive regional growth. Rising foreign direct investment is also expected to contribute toward the market development.

Polymer Foam Market Share Insights

Some of the key companies in the market include BASF SE, Woodbridge Foam Corporation, JSP Corporation, Borealis AG, Sealed Air Corporation, Zotefoams PL, Armacell International S.A., and Recticel Group. Majority of the manufacturers are based in North America and Europe and as a result, these regions witness high competition. These companies offer a variety of products and serve a broad range of markets, such as construction, wind energy, automotive, mass transportation, marine, and packaging.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Volume in Kilotons, Revenue in USD Million & CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Report coverage  

Revenue forecast, volume forecast, competitive landscape, growth factors and trends

Country Scope

U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, China, India, Japan, South Korea, Singapore, Indonesia, and Brazil

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global polymer foam market report on the basis of type, application, and region:

  • Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Polyurethane Foam

    • Polystyrene Foam

    • PVC Foam

    • Phenolic Foam

    • Polyolefin Foam

    • Melamine Foam

    • Others

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Packaging

    • Building & Constructions

    • Furniture & Bedding

    • Automotive

    • Rail

    • Wind

    • Marine

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • Italy

      • U.K.

      • Spain

      • Russia

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

      • Singapore

      • Indonesia

    • Central & South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
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