Extruded Foam Market

The report "Global Extruded Foam Market by End-use Industry (Building & Construction, Bedding & Furniture, Packaging, Automotive, Footwear, Sports & Recreational), and Region - Forecast to 2030" is projected to grow from USD 5.88 billion in 2024 to USD 7.57 billion by 2030, at a CAGR of 4.3% during the forecast period.

Browse 20 market data Tables and 15 Figures spread through 100 Pages and in-depth TOC on "Global Extruded Foam Market, By End-use Industry (Building & Construction, Bedding & Furniture, Packaging, Automotive, Footwear, Sports & Recreational), and Region - Forecast to 2030"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/global-extruded-foam-market%20-258905158.html

Advancements in construction, automotive, and packaging industries are driving demand for extruded foams globally. Rising focus on energy-efficient materials and sustainable manufacturing is boosting the use of XPS and XPE foams. Asia Pacific leads market growth, while North America remains a key hub for innovation and high-performance foam technologies.

By 2030, the building & construction segment is expected to account for the largest share of the market by end-use industry in terms of value.

The global extruded foam market, by end-use industry, will be dominated by the building and construction sector in terms of value. The growth of the segment is supported by the rapid use of modern insulating materials, which not only reduce energy waste but also prolong the life of the building. The gradually increasing trend of using eco-friendly building standards for energy-saving mandates has quickened the application of extruded foams in walls, roofs, and foundations. The extruded foams ensure that the thermal insulation is uniform, the materials maintain stability, and offer superior moisture resistance, making them an integral part of eco-friendly design practices. The growing infrastructure development in the emerging economies, combined with the retrofit programs in the developed economies, has been one of the main factors in the increase in demand for these materials. With the shift of construction practices toward low-carbon and high-performance materials, the extruded foams have become one of the main players in the global drive for building durable and energy-efficient structures.

The automobile segment is projected to account for a significant share of the global extruded foam market during the forecast period.

The automobile segment is projected to account for a significant share of the global extruded foam market during the forecast period. The main reason for the increasing demand in this segment is the growing need for materials that are light, strong, and recyclable, which enhance a vehicle's fuel efficiency and performance. Extruded polyethylene (XPE) and polypropylene (XPP) foams are being widely utilized in car interior applications such as interior panels, headliners, seat cushions, and acoustic insulation because of their excellent cushioning, energy absorption, and thermal resistance. The rapid changeover to electric and hybrid vehicles is also indirectly opening up new areas for extruded foams in battery insulating and vibration damping. The continuous R&D in the polymer formulation and the thermoforming trajectories are bringing forth innovations in the areas of material flexibility and recyclability, which is giving a strong place to extruded foams in the automotive design and sustainable mobility solutions of the next generation.

Asia Pacific is projected to register the largest market share in the global extruded foam market during the forecast period.

The Asia Pacific is going to hold the largest market share during the forecast period, driven by quick urbanization, developing infrastructure projects, and the growing need for energy-efficient building materials in the major economies of the region, such as China, India, Japan, and South Korea. The region's strong manufacturing base, along with the low-cost raw materials accessibility and the rising investments in housing and commercial construction, are aiding the extensive use of extruded polystyrene and polyethylene foams. Another factor driving the growth of the regional market is the growing automobile production and the rising demand for packaging. Moreover, government policies are promoting the use of eco-friendly construction and recyclable materials, which is further solidifying the position of Asia Pacific as the primary area for production, innovation, and consumption in the global extruded foam industry.

BASF (Germany), Owens Corning (US), Armacell (Luxembourg), Kingspan Insulation, LLC (Ireland), and Zotefoams plc (UK) are the leading players in the market.

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