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Polymeric Foams Market Trends

Report ID: GMI7930
Published Date: Jan 2024
Report Format: PDF

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Polymeric Foams Market Trends

The demand for lightweight materials in various industries, particularly automotive and aerospace, continues to propel the development of advanced foam solutions. Additionally, there is a notable surge in the adoption of flexible and rigid polymeric foams for sound and thermal insulation in the construction sector, aligning with the increasing emphasis on energy-efficient building designs. Technological advancements, such as the integration of smart and functional foams, are gaining traction, offering enhanced performance characteristics. As consumer preferences evolve towards eco-conscious choices and industries prioritize efficiency and sustainability, these trends are expected to shape the trajectory of the market in the coming years.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Polymeric foams market was valued at around USD 100 billion in 2023 and is estimated to reach USD 146 Billion by 2032, owing to the continuous emphasis on lightweight materials for enhanced fuel efficiency in automotive sector.

Building & Construction segment held an industry share of around 39% in 2023 and is expected to grow at a lucrative pace through 2032, driven by efficient thermal insulation offered by polymeric foams, contributing to energy-efficient building designs.

North America polymeric foam market was valued at USD 34 billion in 2023 and is anticipated to expand at a significant pace from 2024-2032, attributed to the increasing residential and commercial building activities.

BASF SE, LyondellBasell, Covestro, LG Chem, Dow Chemical, Huntsman Corporation and Evonik Industries.