Polymer Foam Market

The global polymer foam market is projected to grow from USD 102.61 billion in 2024 to USD 142.02 billion by 2030, at a CAGR of 5.6% during the forecast period. One of the most important drivers for this polymer foam market has been the growth in global construction activities, particularly in emerging economies. Demand for polymer foams in residential and commercial construction is growing, with room for more materials that would bring in thermal insulation, soundproofing, and energy efficiency to buildings. The building industry widely employs polymer foams such as PU, EPS, and polyolefin because of their lightweight properties, insulation from heat, and relatively easy installation. In the building sector, polymer foams are used in flooring, insulation panels in walls, and roofing applications. These account for energy conservation by maintaining the temperature inside the house.

Companies such as ARMACELL (Luxembourg), Sheela Foam Limited (India), Kingspan Insulation, LLC (Ireland), Owens Corning (US), and Zotefoams plc (UK) fall under the winners’ category. These are leading players in the Polymer foam market globally. These players have adopted the strategies of acquisitions, expansions, partnerships, and product launches to increase their market shares.

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ARMACELL

ARMACELL produces and distributes advanced insulation and engineered foams for the equipment insulation market. The company is one of the major solution providers for flexible technical (mechanical) insulation materials and products based on foam technologies. It offers numerous products, including insulation materials, fire protection products, acoustic solutions & covering systems for building equipment and industrial installations, foam cores as composite materials, and special foams for various industrial applications.

The company operates in two business segments: Advanced Insulation and Engineered Foams. The Advanced Insulation segment tackles equipment protection and optimization with innovative, flexible foam solutions. Their focus lies on ensuring technical equipment stays well-insulated and protected. It co-designs energy-efficient systems for commercial, industrial, energy, and transportation industries to identify areas for energy savings and then design systems to achieve those goals.

Sheela Foam Limited

Sheela Foam Limited has carved a niche as the frontrunner in India’s polyurethane (PU) foam industry. Their manufacturing footprint spans the entire nation, solidifying their position as a domestic leader. However, their vision stretches beyond borders as they possess a global marketing perspective, aiming to leave their mark on the international stage. Over the past five decades, Sheela Foam Limited has built an unwavering reputation for excellence. Their commitment to quality and innovation has resulted in an impeccable track record, earning customers’ trust nationwide. The company operates through four business segments: mattress, technical foam, furniture foam, comfort foam, and homecare products.

Sheela Foam Limited’s success is further solidified by its winning portfolio of brands. SLEEPWELL, their flagship brand, is at the forefront and synonymous with mattresses and comfort accessories. It is a household name trusted by many for a good night’s sleep and overall well-being.

Kingspan Insulation, LLC

Kingspan Insulation, LLC is a subsidiary of Kingspan Group plc, a leading insulation solutions provider for residential and non-residential applications. It operates five business segments: Insulated Panels; Insulation; Roofing & Waterproofing; Light, Air & Water; and Data & Flooring. It has more than 22,000 employees worldwide and 212 manufacturing sites globally. The insulation boards segment offers industrial insulation materials, such as mineral wool and foam, to the power, petrochemical, and food & beverage industries. The company shapes the future of sustainable building.

Kingspan understands the link between sustainable construction and human health. It ensures that its building solutions promote healthy and comfortable living spaces. Its commitment to ethical practices and research into new technologies to reduce environmental impact keeps it at the forefront of sustainable construction.

Kingspan’s commitment extends beyond individual buildings; it advocates for broader industry-wide changes that promote sustainable construction practices. Through collaboration and innovation, Kingspan is shaping a future where sustainable building is not just the exception but the norm.

Owens Corning

Owens Corning is a global fiberglass manufacturing company that offers high-, mid-, and low-temperature thermal and acoustic products. The company operates through the Roofing, Insulation, and Composites segments. It provides insulation solutions to commercial, industrial, and residential sectors. Owens Corning operates in 33 countries and sells its insulation products to the US, Canada, Europe, Asia Pacific, and Latin America. It has OEM manufacturing facilities in the US, Mexico, and China and OEM fabrication facilities in the US, Mexico, Italy, and Poland.

Zotefoams plc

Zotefoams plc is one of the leading manufacturers of closed-cell cross-linked polyolefin foams for use in sports, construction, marine, automation, medical equipment, and aerospace industries. The company has two manufacturing plants, one in Croydon, UK, and the other in Kentucky, US. It also has a joint venture to distribute its AZOTE foams in Asia.

The company has a worldwide network of regulated distributors who sell Zotefoams products. It also set up a joint venture in Nagoya, Japan, to cover the block foam market in Asia and the Kunshan ZOTEK KingLai business in China to develop the T-FIT insulation system. It operates under three business segments: Polyolefin Foams, High-performance Products (HPP), and MuCell Extrusion, LLC (MEL).

Related Reports:

Polymer Foam Market by Resin Type (PU, PS, PO, Phenolic), Foam Type (Rigid, Flexible), End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports, & Recreational), and Region - Global Forecast to 2030

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