Polymer Foam Market Opportunities To Reach $153.8 Billion By 2027

Polyolefin foams, including polypropylene and polyethylene, are expected to witness significant expansion in the forthcoming years. Traditionally, low melt strength of these products, particularly polypropylene, limited the growth of this segment in the global polymer foam market. Several technologies including post-reactor radiation and compounding modifiers method have been introduced by various polyolefin manufacturers, such as Borealis and LyondellBasell Industries Holdings B.V. The aim is to improve the strength of polyolefins to meet the requirements of wind energy applications, including spar webs and shell panels, and marine applications like vibration control and cushion seats.

Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the burgeoning growth in construction, automotive, and wind energy industries in China and India. Growth of the automotive and building and construction industries in Europe is expected to drive the demand for polymer foam over the forecast period.

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Grand View Research has segmented the global polymer foam market on the basis of type, application, and region:

Polymer Foam Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016–2027)

• Polyurethane
• Polystyrene
• PVC
• Phenolic
• Polyolefin
• Melamine
• Others

Polymer Foam Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016–2027)

• Packaging
• Building & Constructions
• Furniture & Bedding
• Automotive
• Rail
• Wind
• Marine
• Others

Polymer Foam Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016–2027)

• North America
• Europe
• Asia Pacific
• Middle East & Africa