The report "Polymer Foam Market by Type (PU, PS, PO, PVC, Phenolic, Melamine), End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports & Recreational), and Region - Global Forecast to 2022", The market size of polymer foam is projected to grow from USD 94.86 Billion in 2017 to USD 126.08 Billion by 2022, at a CAGR of 5.86% from 2017 to 2022.

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Building & construction: The largest end-use industry of polymer foam market

Polymer foams are used in various end-use industries such as packaging, building & construction, furniture & bedding, automotive, and others. The automotive industry is estimated to register at the highest CAGR of 6.26%, between 2017 and 2022, in terms of value, followed by the packaging industry. In 2016, the building & construction end-use industry accounted for the largest market share, in terms of volume and value.
PU is the largest segment of polymer foam market

PU foam is mainly used in the furniture & bedding and building & construction industries. These two end users account for more than 50% of the global revenue of PU foam. It is produced by many leading manufacturers. BASF provides these foams under the brands Elastospray, Enertite, Pluracel Foam, Pluralux, Spraytite, Walltite, Elastopan, AutoFoam, and Elastopor. Similarly, Recticel produces PU foam under the brands Sensus, Body Foams, Frame Foams, Dryfeel Rebounce, Arcadia, Polygrow, and TryOn.

Rising demand from Asia-Pacific: The major driver for polymer foam market
In 2016, Asia-Pacific accounted for the largest market share, in terms of volume and value, and is projected to register the highest CAGR of 6.81% between 2017 and 2022 in terms of value. The high demand in Asia-Pacific is the major driver of the polymer foam market. China led the market owing to increased manufacturing and assembling of vehicles in the past 2–3 years. It is the largest consumer of polymer foam, globally. Other emerging economies such as India, Indonesia, and Thailand are projected to register a high growth in this market in the future.

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Some of the leading polymer foam manufacturers, such as Sealed Air (U.S.), Arkema (France), Armacell (Germany), BASF (Germany), Borealis (Austria), Total (France), JSP (Japan), Kaneka (Japan), Recticel (Belgium), Rogers (U.S.), Sekisui Alveo (Switzerland), Synthos (Poland), Woodbridge (Canada), and Zotefoams (U.K.) are adopting these strategies to develop their businesses, globally.
Sealed Air (U.S.) and Armacell (Germany) are the most important players of the polymer foam market. In the past two years, these companies have adopted mergers & acquisitions as their growth strategies.

In September 2017, Sealed Air (U.S.) announced to acquire Fagerdala Singapore Pte Ltd., a manufacturer and fabricator of polyethylene foam to cater to the demand for polyethylene foam. In August 2017, the company also announced to acquire Deltaplam Embalagens Indústria e Comércio Ltda (Deltaplam, Brazil), a family owned and operated Brazilian flexible packaging manufacturer to help their customers primarily in Brazil.
In January 2017, Armacell acquired the Insulation Business of Nomaco, a leading manufacturer of extruded polyethylene insulation foam products. In October 2016, the company also acquired PoliPex (Brazil), which is a leading Brazilian manufacturer of extruded polyethylene insulation foam. This will help in catering the demand from the Brazilian polymer foam market.

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