Revenue in the global polymer foams market is estimated to have reached $82.6 billion by the end of 2012, and is forecast to hit a value of $131.1 billion by 2018. This suggests a CAGR growth rate of around 7.7% between 2013 and 2018. The APAC region dominated the global polymer foams market, bestowing 36.5% of the total revenue in 2012. China and U.S. shared 40.0% of the total polymer foam consumption in 2012
Eastern and Central European nations, emerging South-East Asian and nations that host the Olympics and other events would supplement the growth of polymer foams. An increase in auto sales, proposals for improvement of infrastructure and rising housing market in emerging economies will drive the polymer foams market.
Asia-Pacific is the largest region, both in terms of volume and value, followed by Western Europe and North America. U.S., Germany, U.K., Brazil, Russia, China, and India are expected to persist as successful foam markets. The major players in the global polymer foam market are Armacell LLC (Germany), Adeplast S.A. (Romania), BASF SE (Germany), British Vita Foams plc (U.K.), Carpenter Co. (U.S.), INEOS Styrenics (Switzerland), JSP Corp (Japan), Recticel S.A. (Belgium), Rogers Corp (U.S.) and Woodbridge Foam Partner (U.S.).
The global market for polymer foams has grown during the past few years with a high R&D and intra polymer foam substitution trend, driven by cost effectiveness and adaptability of polymer foams in major end-user markets. U.S. and China shared 40.0% of the demand for polymer foams in 2012. Consumption and revenue generation of polymer foams is witnessed to be high in the APAC region, followed by the Western European region.
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