Plastic Foams Market

Plastic Foams Market Size Share Trends Forecast 2027
Plastic foam is synthetic resins, which can be changed to sponge-like mass,
acting as close-cell structure or open-cell structure. The plastic foam generally
includes urethanes, polyurethanes, vinyl, cellulose acetate, phenolics, etc.
Generally, most of these plastics are derivatives of crude oil, whereas some of
them are of natural origin. Plastic foams find applications in the number of
products depending upon their characteristics. Plastic foams are classified on the
basis of density, flexibility, etc. Low-density foams find applications in the
packaging industry, insulation, and manufacturing of bedding and upholstery.
High-density foams are used for footwear soles, simulated wood, and
automotive interiors. Moreover, they are also used automotive exteriors.
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Market Regional Analysis
Asia Pacific is expected to account for a significant market share in the global
plastic foams market during the forecast period. This is owing to increasing
demand for plastic foams from the construction industry from emerging
economies such as India and China. Growing population in India and China has
accelerated growth of the construction industry and hence, it is expected to drive
the market growth. Moreover, North America and Europe are expected to show
significant market growth during the forecast period, owing to high presence of
major players
Market Players
Major players operating in the global plastic foams market include Crest Foam
Industries, Carpenter Company, BASF SE., Dolco Packaging, Certain Teed, and
Dow Chemicals.
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Global plastic foams market size is expected to expand significantly, registering a CAGR of 4.92% during the forecast period (2019-2027).