Global polymer foam market to reach $150.47 billion by 2031
Updated
Updated · PR Newswire · May 11
Global polymer foam market to reach $150.47 billion by 2031
10 articles · Updated · PR Newswire · May 11
The market is forecast to rise from $108.44 billion in 2025, with Asia Pacific posting the fastest regional growth at a 6.1% CAGR.
Polyurethane, which held 51.4% of market value in 2024, is expected to remain the leading resin, while flexible foam and furniture and bedding are projected to dominate demand.
Growth is tied to urbanisation, construction, automotive production and demand for lightweight, energy-efficient materials, with major players including Owens Corning, Kingspan Insulation and Armacell.
With prices surging 25% from supply shocks, can the polymer foam market still hit its $150 billion growth target?
As foam demand booms, can new bio-materials like shrimp-shell plastic truly offset the industry's massive environmental footprint?