“Industrial Foam Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on industrial foam market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for industrial foam? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The industrial foam market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Foam Type: Flexible; Rigid
- 2) By Resin Type: Polyurethane; Polystyrene; Polyolefin; Phenolic; PET; Other Resin Types
- 3) By End-Use: Building And Construction; HVAC; Industrial Pipe Insulation; Marine; Aerospace; Industrial Cold Storage; Others End-Uses
- Companies Mentioned: Covestro AG; BASF SE; Dow Inc.; Huntsman Corporation; Sekisui Chemical Co. Ltd
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the industrial foam market are: Covestro AG, BASF SE, Dow Inc., Huntsman Corporation, Sekisui Chemical Co. Ltd., Saint-Gobain, Chemtura Corporation, Recticel N.V, Rogers Corporation, Trelleborg AB, FoamPartner Group, Eurofoam Group, Woodbridge Foam Corporation, Tosoh Corporation, Hanwha Chemical Corporation, ACH Foam Technologies LLC, Arkema, Mitsui Chemicals Inc., and Toray Industries.
The global industrial foam market is expected to grow from $59.07 billion in 2022 to $63.90 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial foam market is expected to reach $83.61 billion in 2027 at a CAGR of 7.0%.
The industrial foam market consists of sales of ethafoam, volara, closed-cell sponge rubber, open-cell sponge rubber and cellulose. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Industrial foam is an expanded plastic and rubber created by forcing gas bubbles into a polymer material. Industrial foam is highly-efficient for insulation against water, air, chemical substances, and adhesives. Industrial foam is used as padding for several consumer and business products, such as mattresses, furniture, car interiors, carpet underlay, and packaging.
Asia-Pacific was the largest region in the industrial foam market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial foam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The major types of industrial foams are flexible and rigid. Flexible foam refers to a polymer with a cellular structure that exhibits compression and resilience properties, produced by the reaction of polyols and isocyanates. Industrial foam has different resin types such as polyurethane, polystyrene, polyolefin, phenolic, pet, and other industrial foam. It is used by various end-user industries such as building and construction, HVAC, industrial pipe insulation, marine, aerospace, industrial cold storage, and others.
Growing demand for energy-efficient and lightweight materials is expected to propel the industrial foam market. Lightweight materials are manufactured using lightweight raw materials that directly reduce the weight of the material while maintaining its performance. Industrial foam is a type of lightweight material made up of tiny cells filled with gas or air and used in applications such as insulation, packaging, and construction. For instance, in July 2021, according to a report released by EuroAccess, a France-based online information and search tool, the manufacturing costs of lightweight materials are 25% less than current materials. Lightweight products comprise more than 50% sustainable and bio-based components. The various properties of energy-efficient and lightweight materials, including sustainability and high performance, are increasing the demand for industrial foams by various industries. Therefore, the growing demand for energy-efficient and lightweight materials is driving the growth of the industrial foam market.
Technological advancements are the key trends gaining popularity in the industrial foam market. Major companies operating in the market are focused on developing new technological solutions to lead the market. For instance, in May 2022, BASF SE, a Germany-based chemicals company introduced Elastoflex CE 3651/108, a 100% water-blown and high flame retardant polyurethane insulation spray foam based on a flame retardant technology to provide better interior air quality in public transportation. It is a low-odor spray foam system that optimizes the performance and cost of the final product.
In February 2020, Huntsman Corporation, a US-based manufacturer and marketer of differentiated and speciality chemicals company acquired Icynene-Lapolla for $350 million. The acquisition is expected to align with Huntsman's objective of expanding its downstream polyurethanes business and further strengthening its range of industry-leading insulation applications and technologies that save energy, giving customers an unparalleled product selection. Icynene-Lapolla is a Canada-based high-performance spray foam insulation systems manufacturing company.
The countries covered in the Industrial Foam market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The industrial foam market research report is one of a series of new reports from The Business Research Company that provides Industrial foam market statistics, including Industrial foam industry global market size, regional shares, competitors with a Industrial foam market share, detailed Industrial foam market segments, market trends and opportunities, and any further data you may need to thrive in the Industrial foam industry. This Industrial foam market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Industrial Foam Market Characteristics
3. Industrial Foam Market Trends And Strategies
4. Industrial Foam Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Industrial Foam Market
- 4.2. Ukraine-Russia War Impact On Industrial Foam Market
- 4.3. Impact Of High Inflation On Industrial Foam Market
5. Industrial Foam Market Size And Growth
- 5.1. Global Industrial Foam Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Industrial Foam Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Industrial Foam Market Segmentation
- 6.1. Global Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Flexible
- Rigid
- 6.2. Global Industrial Foam Market, Segmentation By Resin Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Polyurethane
- Polystyrene
- Polyolefin
- Phenolic
- PET
- Other Resin Types
- 6.3. Global Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Building And Construction
- HVAC
- Industrial Pipe Insulation
- Marine
- Aerospace
- Industrial Cold Storage
- Other End-Uses
7. Industrial Foam Market Regional And Country Analysis
- 7.1. Global Industrial Foam Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Industrial Foam Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Industrial Foam Market
- 8.1. Asia-Pacific Industrial Foam Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Industrial Foam Market
- 9.1. China Industrial Foam Market Overview
- 9.2. China Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Industrial Foam Market
- 10.1. India Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Industrial Foam Market
- 11.1. Japan Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Industrial Foam Market
- 12.1. Australia Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Industrial Foam Market
- 13.1. Indonesia Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Industrial Foam Market
- 14.1. South Korea Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Industrial Foam Market
- 15.1. Western Europe Industrial Foam Market Overview
- 15.2. Western Europe Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Industrial Foam Market
- 16.1. UK Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Industrial Foam Market
- 17.1. Germany Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Industrial Foam Market
- 18.1. France Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Industrial Foam Market
- 19.1. Eastern Europe Industrial Foam Market Overview
- 19.2. Eastern Europe Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Industrial Foam Market
- 20.1. Russia Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Industrial Foam Market
- 21.1. North America Industrial Foam Market Overview
- 21.2. North America Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Industrial Foam Market
- 22.1. USA Industrial Foam Market Overview
- 22.2. USA Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Industrial Foam Market
- 23.1. South America Industrial Foam Market Overview
- 23.2. South America Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Industrial Foam Market
- 24.1. Brazil Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Industrial Foam Market
- 25.1. Middle East Industrial Foam Market Overview
- 25.2. Middle East Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Industrial Foam Market
- 26.1. Africa Industrial Foam Market Overview
- 26.2. Africa Industrial Foam Market, Segmentation By Foam Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Industrial Foam Market, Segmentation By End-Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Industrial Foam Market Competitive Landscape And Company Profiles
- 27.1. Industrial Foam Market Competitive Landscape
- 27.2. Industrial Foam Market Company Profiles
- 27.2.1. Covestro AG
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. BASF SE
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Dow Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Huntsman Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Sekisui Chemical Co. Ltd
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Industrial Foam Market
29. Industrial Foam Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer