The global Polymer Foam Market size is expected to reach USD 144.46 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.0% over the forecast period. Polymer foams are widely utilized in combination with other materials in various composite constructions, high-resilience foam seating, rigid insulation panels, automotive components, carpet underlays, upholstery stuffing, packaging, and other such applications. Rigid foams are used primarily as an insulation material in construction and refrigeration applications.
They are energy-efficient and help reduce energy costs. Flexible foams are used as cushioning materials in transportation, furniture, bedding, packaging, etc. Thus, rising demand from the automotive and building and construction industries, particularly in Europe and Asia Pacific regions, is the key factor driving the market growth. Moreover, focus on the development of biodegradable foams owing to stringent environmental regulations across the globe has opened new growth opportunities for manufacturers. However, the manufacturing cost of biodegradable types is still higher than petroleum-based chemicals, due to which it will take a couple of years for manufacturers to completely adopt this variant.
To request a sample copy or view summary of this report, click the link below: https://www.grandviewresearch.com/industry-analysis/polymer-foam-market
