According to a new report, published by KBV research, The Global Polymer Foam Market size is expected to reach $228.8 billion by 2030, rising at a market growth of 7.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 55,371.9 million square meter, experiencing a growth of 6.7% (2019-2022).
The polymer foam market has witnessed significant expansion driven by growing demand from end-use industries like construction, automotive, packaging, and electronics. In addition, polymer foams’ adaptability and low weight boost the market, as they are perfect for uses needing high strength-to-weight ratios and thermal insulation qualities. Also, technological advancements in material science and manufacturing processes have led to the development of innovative foam formulations with enhanced properties, further expanding the application areas of polymer foams.
The Polystyrene Foam segment is leading the Global Polymer Foam Market by Type in 2022; thereby, achieving a market value of $70.6 billion by 2030. Polystyrene foam offers excellent thermal insulation properties, making it ideal for applications requiring insulation against heat transfer. EPS and XPS foams are commonly used in construction to insulate walls, roofs, and floors, as well as refrigeration and HVAC systems, to improve energy efficiency and temperature control.
The Packaging segment is experiencing a CAGR of 7.8% during (2023 - 2030). Polymer foams provide excellent cushioning and shock absorption properties, making them ideal for protecting fragile and delicate items during transportation and storage. Foams can be molded or fabricated into custom shapes to fit around products, ensuring they remain intact and undamaged during handling and shipping. With the rise of e-commerce and online shopping, there is a growing need for effective packaging solutions to prevent breakage and minimize product returns, driving demand for polymer foam packaging materials.
Full Report: https://www.kbvresearch.com/polymer-foam-market/
The Asia Pacific region dominated the Global Polymer Foam Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $92.7 billion by 2030. The North America region is anticipating a CAGR of 6.9% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 7.1% during (2023 - 2030).
By Type (Volume, Million Square Meter, USD Billion, 2019-2030)
By Application (Volume, Million Square Meter, USD Billion, 2019-2030)
By Geography (Volume, Million Square Meter, USD Billion, 2019-2030)
Unique Offerings 
