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Growing Demand for Bio-Based Polyols


The market size of Polymer Foam is estimated at USD 94.86 billion in 2017, and is projected to reach USD 126.08 billion by 2022, at a CAGR of 5.86% from 2017 to 2022. The automotive industry is projected to register the highest CAGR of 6.26% between 2017 and 2022.

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PU segment accounted for the largest share of the overall polymer foam market
The PU foam segment dominates the overall polymer foam market. This foam is used mainly in furniture & bedding and building & construction industries. These two end-use industries account for more than half of the total demand for PU foam.
Major companies such as BASF and Recticel offer various PU foams for diverse applications. BASF provides these foams under brands such as Elastospray, Enertite, Pluracel Foam, Pluralux, Spraytite, Walltite, Elastopan, AutoFoam, and Elastopor. Recticel produces PU foam under brands such as Sensus, Body Foams, Frame Foams, Dryfeel Rebounce, Arcadia, Polygrow, and TryOn.
Polymer foam market is expected to witness the highest growth in the automotive industry
The polymer foam market in the automotive end-use industry is estimated to register the highest CAGR between 2017 and 2022. The high growth in this end-use industry is attributed to the increasing applications in gaskets, headliners, cushioning, and cables. The overall growth of the automotive industry also supports the growth of the market in this segment.
Asia Pacific is the largest and the fastest-growing market for polymer foam
Asia Pacific has been the largest polymer foam market. The market in the region is also projected to register the highest CAGR of 6.81%, in terms of value, between 2017 and 2022. China led the market in the region, owing to increased manufacturing and assembling of vehicles in the past 2–3 years. China is also the largest consumer of polymer foam, globally. The presence of other emerging economies such as India, Indonesia, and Thailand also support the growth of the Asia Pacific market.

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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 the key players that are actively present in the global polymer foam market.

The market players are expected to undertake organic growth strategies, such as regional expansion, joint venture, and new product developments, to expand their overall business and tap the fast growing regions. Many companies are also engaged in developing innovative products as well as enhancing their presence in the emerging markets.
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