Foamed Plastics Market is predicted to reach USD 82.4 billion at a CAGR of 5.00% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Foamed Plastics Market”.

The Foamed Plastics market is estimated to register a CAGR of 5.00% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Foamed Plastics market— Hexion Inc., COVESTRO AG, BASF SE, Total SE, Wanhua Chemical Group Co., Ltd., SABIC, Alchemie Ltd., The Dow Chemical Company, HUNTSMAN CORPORATION, and Repsol

Foamed Plastics Market Highlights

The global foamed plastics market is accounted to register a CAGR of 5.00% during the forecast period and is estimated to reach USD 82.4 Billion by 2032.

The foamed plastics market is experiencing steady expansion due to the rising demand across various industries, including packaging, construction, and automotive. Foamed plastics offer lightweight and insulating properties, making them a preferred choice for manufacturers looking to enhance product performance and energy efficiency.

Segment Analysis

The global foamed plastics market has been segmented into type and application.

On the basis of type, the market is segmented into polyurethane, polystyrene, polyolefin, phenolic, and others. Polyurethane segment accounted for the largest revenue share in 2022. This can be explained by the widespread usage of polyurethane foam in the manufacturing of automobiles and car parts.

Based on application, the global foamed plastics market has been segmented into building & construction, packaging, automotive, furniture & bedding, footwear, sports, & recreational, and others. Building & construction segment dominated the global Foamed Plastics market in 2022. Foam is utilised in the building and construction industry for sealing and thermal insulating due to its light weight and resilience.

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Regional Analysis

The global foamed plastics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe foamed plastics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The foamed plastics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World foamed plastics market comprises of Middle East, Africa, and Latin America.

The North America foamed plastics market dominated this market in 2022 (45.80%). Infrastructure development is currently taking place in many developing economies to support industrial expansion. EPE (expanded polyethylene) foam is the primary acoustic material in many construction projects. According to predictions, US real estate boom will increase product demand. For interior construction projects, EPE foam is also being utilized more frequently as reusable floor protection, which is fostering industry growth.

Moreover, in 2022, the Europe foamed plastics market held a sizable market share. Consumption is anticipated to increase in Europe due to the growth of important end-use markets like automotive components and furniture & bedding, particularly in the United Kingdom, as well as polyurethane's versatility as a product in new applications and its uses and qualities like sustainability and lightness.

Additionally, from 2023 to 2032, the Asia Pacific foamed plastics market is anticipated to grow significantly. Particularly in China, India, and Southeast Asia, there has been significant market share growth in the Asia Pacific for foam plastics. Multinational corporations' foreign investments fuel the demand in China. By investing in the production of foam, one can get access to low-cost labor and raw materials. In particular in Asia-Pacific, foam plastics are in high demand. Consumer spending on luxury and home products is on the rise, and the demand for the foam polymers used in bedding and mattresses has increased significantly. The growth of the local furniture and bedding sector, a rise in disposable income, and favorable FDI regulations are all contributing to the success of the region.

Furthermore, the rest of the world's foamed plastics market is divided into the Middle East, Africa, and Latin America. The foamed plastics market in Latin America is experiencing steady growth due to the region's expanding construction and automotive sectors. With a focus on lightweight and energy-efficient materials, foamed plastics are being widely used for insulation, packaging, and manufacturing applications in countries like Brazil, Mexico, and Argentina.

Key Findings of the Study

• The global foamed plastics market is expected to reach USD 82.4Billion by 2032, at a CAGR of 5.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the foreign investments made by multinational firms.


• Based on type, the polyurethane segment was attributed to holding the largest market in 2022.


• Hexion Inc., COVESTRO AG, BASF SE, Total SE, Wanhua Chemical Group Co., Ltd., SABIC, Alchemie Ltd., The Dow Chemical Company, HUNTSMAN CORPORATION, and Repsol