Polymer Foam Market Is Estimated To Witness Robust Growth Due To Rising Insulation Demand
- Ronak Shah
- U.S.A
- January 14, 2025

The Polymer Foam Market is estimated to be valued at US$ 110.67 Bn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024- 2031, as highlighted in a new report published by Coherent Market Insights.
The global polymer foam market is driven by growing demand for insulation in construction and packaging industries. Polymer foams have emerged as an efficient insulating material owing to their low thermal conductivity. Moreover, polymer foams help reduce energy costs and carbon footprint by improving insulation properties of buildings and refrigerated packaging. These factors are expected to propel the global polymer foam market growth during the forecast period.
Key Market Trends: Growing preference for bio-based polyols: Stringent regulations regarding emission of volatile organic compounds from petroleum-based polyols along with rising environmental concerns have increased demand for bio-based polyols in polymer foam production. Major market players have developed bio-polyols from natural oils such as soy and castor that assist in production of bio-based polymer foams.
Adoption of froth foam technology: Froth foam technology involves mixing gas with polymer fluids to obtain small and uniform cells crucial for high performance insulation. This technology is gaining popularity for manufacturing insulation foams that require high insulation efficiency with minimum thickness and density. It helps minimize energy consumption in buildings and cold chain market. More information available in the sample copy of the report.
Market Opportunities: Construction Industry – The global construction industry is expected to grow at a CAGR of 4-5% during the forecast period. Polymer foams such as polyurethane, polystyrene, phenolic find wide applications in the construction of insulated building panels, door cores, sound proofing, seals etc. due to their excellent thermal and acoustic insulation properties. The rising population and urbanization is driving the demand for residential and commercial construction which in turn is projected to boost the polymer foam market.
Transportation Industry – The automotive industry accounts for over 20% of the global polymer foam demand. Polymer foams help reduce the weight of vehicles thereby improving fuel efficiency. Polymer foams such as polypropylene, polyethylene are increasingly being used in automobile interiors, seating, headliners, instrument panels. The global automotive production is projected to grow at a CAGR of 3-4% during the forecast period which will augment the demand for polymer foams in the transportation industry.
Key Market Takeaways: The global polymer foam market is anticipated to witness a CAGR of 5.1% during the forecast period 2024-2031, owing to increasing demand from the construction and automotive industries. By type, polyurethane segment is expected to hold a dominant position, accounting for over 35% of the global demand due to its excellent properties such as hardness, low density and enhanced insulating abilities.
By application, packaging accounts for the largest share of over 25% of the global polymer foam consumption due to growing eCommerce.
North America is expected to hold a dominant position over the forecast period, owing to the presence of major manufacturers in the United States.
Key Players in the Market: Rogers Corporation, Carpenter Co, Fomcraft INC, Armacell International S.A, Recticel Insulation
Recent Developments in Polymer Foam Market: In the first half of 2023, the global polymer foam market saw significant growth driven primarily by rising demand from the construction and building insulation industries. As concerns about energy efficiency continue to rise worldwide, the use of polymer foams for insulation in buildings is expected to surge.
After periods of ups and downs, most signs point to the global polymer foams industry achieving stability and moving into a recovery phase in 2023-2024. Issues around raw material supply and costs that hindered production are largely stabilizing. Growing demand from major consumer industries helps drive capacity expansion and utilization rates higher. Ongoing product innovations also support addressing new market needs. While risks remain from potential economic headwinds, the overall outlook for polymer foam producers appears positive as markets normalize. Upcoming global industry expos like NPE in the US provide platforms to showcase latest technological advancements and solutions supporting further market growth prospects. Full coverage of the report available here.