The rigid foam market is anticipated to be worth US$ 78.5 billion in 2024. The market is expected to grow at a CAGR of 8.9% from 2024 to 2034. By the end of the forecast period, the market value is predicted to hit US$ 184.0 billion.
Attributes | Details |
---|---|
Rigid Foam Market Value for 2024 | US$ 78.5 billion |
Projected Market Value for 2034 | US$ 184.0 billion |
Value-based CAGR from 2024 to 2034 | 8.9% |
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Aside from the rigid foam market, analysis has been done on two other related markets. The markets by name are the foam pouch market and the rigid industrial packaging market.
Foam pouches are being used to safeguard materials that are easily breakable such as glass and kitchenware. The recyclable nature of foam pouches also attracts consumers to the product.
Rigid industrial packaging is moving forward with the expansion of the food & beverage industry. The packaging prevents food items from becoming spoiled or spilling during delivery, and thus, the rigid industrial packaging market is developing.
Rigid Foam Market:
Attributes | Rigid Foam Market |
---|---|
Value-based CAGR (2024 to 2034) | 8.9% |
Projected Market Value (2034) | US$ 184.0 billion |
Market Trends |
|
Restraint | Volatility of raw material prices |
Growth Factors |
|
Foam Pouch Market:
Attributes | Foam Pouch Market |
---|---|
Value-based CAGR (2024 to 2034) | 5.0% |
Market Trend | Production of flexible and water-resistant foam pouches |
Restraint | Presence of alternatives |
Growth Factor | Customized foam pouches |
Rigid Industrial Packaging Market:
Attributes | Rigid Industrial Packaging Market |
---|---|
Value-based CAGR (2024 to 2034) | 4.6% |
Market Trend | Use of rigid industrial packaging in personal care product packaging |
Restraint | Non-biodegradable nature of rigid industrial packaging derided by consumers |
Growth Factors | Growth in the sale of convenience foods benefitting rigid industrial packaging |
Polyurethane (PUR/PIR) foam is the top type of foam in the market. Rigid foam is predominantly used in the building & construction industry.
From 2024 to 2034, polyurethane (PUR/PIR) foam is expected to progress at a CAGR of 8.5%. Some of the key drivers for the increasing use of polyurethane (PUR/PIR) foam are:
Attributes | Details |
---|---|
Top Foam Type | Polyurethane (PUR/PIR) Foam |
CAGR (2024 to 2034) | 8.5% |
The building & construction industry finds application of rigid foam. Some of the key drivers for the progress of the segment include:
Attributes | Details |
---|---|
Top End-use Industry | Building & Construction |
CAGR (2024 to 2034) | 8.4% |
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Asia Pacific’s industrial boom is helping out the market’s growth in the region. The building & construction industry’s rapid growth in the region, with the surge in population, is also benefitting the market.
Governmental help for manufacturing is boosting the market in Europe. The popularity of online sales of appliances and furniture is bolstering the market in North America.
Countries | CAGR |
---|---|
South Korea | 11.3% |
Japan | 10.2% |
China | 9.5% |
United Kingdom | 10.1% |
United States | 9.0% |
The market in Japan is set to register a CAGR of 10.2% over the forecast period. The key drivers for growth are:
The CAGR for the market in China is expected to be 9.5% over the forecast period. Some of the key factors driving the market’s growth are:
The CAGR for the market in South Korea is expected to be 11.3% over the forecast period. Some of the key factors driving the market are:
The market in the United Kingdom is expected to register a CAGR of 10.1%. Some of the key trends include:
The market in the United States is expected to register a CAGR of 9.0% through 2034. Some of the key trends include:
The market for rigid foam is dominated by a few players that have established a name for themselves. However, there is still room for medium and small-scale players.
While common materials in the market such as polystyrene and polypropylene are as popular as ever, manufacturers are also looking at newer materials, especially eco-friendly ones. To increase their footprint in the market, reputed companies are looking at acquisitions of smaller market players.
Recent Developments in the Rigid Foam Market
The rigid foam market size is expected to be worth US$ 78.5 billion in 2024.
The rigid foam market is estimated to get as big as US$ 184.0 billion by 2034.
The CAGR of the rigid foam market in the United States is estimated to be 9.0% from 2024 to 2034.
The rigid foam market can be divided into the following segments: foam type and end-use industry.
The rigid foam market is expected to grow at a CAGR of 8.9% over the forecast period.
The rigid foam market in China is forecasted to grow at a CAGR of 9.5% through 2034.
Polyurethane (PUR/PIR) foam is the top type of rigid foam in the market, which is expected to progress at a CAGR of 8.5% during the forecast period.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Square Feet) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Square Feet) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Foam Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Square Feet) Analysis By Foam Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Square Feet) Analysis and Forecast By Foam Type, 2024 to 2034 5.3.1. Polyurethane (PUR/PIR) Foam 5.3.2. Polystyrene Foam 5.3.3. Polypropylene Foams 5.3.4. Polyethylene Foam 5.3.5. Polyvinyl Chloride Foam 5.3.6. Others 5.4. Y-o-Y Growth Trend Analysis By Foam Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Foam Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use Industry 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Square Feet) Analysis By End-Use Industry, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Square Feet) Analysis and Forecast By End-Use Industry, 2024 to 2034 6.3.1. Building & Construction 6.3.2. Appliances 6.3.3. Packaging 6.3.4. Automotive 6.3.5. Others 6.4. Y-o-Y Growth Trend Analysis By End-Use Industry, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By End-Use Industry, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Square Feet) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) & Volume (Square Feet) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Square Feet) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) & Volume (Square Feet) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Foam Type 8.2.3. By End-Use Industry 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Foam Type 8.3.3. By End-Use Industry 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Square Feet) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Square Feet) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Foam Type 9.2.3. By End-Use Industry 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Foam Type 9.3.3. By End-Use Industry 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Square Feet) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Square Feet) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Foam Type 10.2.3. By End-Use Industry 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Foam Type 10.3.3. By End-Use Industry 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Square Feet) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Square Feet) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Foam Type 11.2.3. By End-Use Industry 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Foam Type 11.3.3. By End-Use Industry 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Square Feet) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Square Feet) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Foam Type 12.2.3. By End-Use Industry 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Foam Type 12.3.3. By End-Use Industry 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Square Feet) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Square Feet) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Foam Type 13.2.3. By End-Use Industry 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Foam Type 13.3.3. By End-Use Industry 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Square Feet) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Square Feet) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Foam Type 14.2.3. By End-Use Industry 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Foam Type 14.3.3. By End-Use Industry 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Foam Type 15.1.2.2. By End-Use Industry 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Foam Type 15.2.2.2. By End-Use Industry 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Foam Type 15.3.2.2. By End-Use Industry 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Foam Type 15.4.2.2. By End-Use Industry 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Foam Type 15.5.2.2. By End-Use Industry 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Foam Type 15.6.2.2. By End-Use Industry 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Foam Type 15.7.2.2. By End-Use Industry 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Foam Type 15.8.2.2. By End-Use Industry 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Foam Type 15.9.2.2. By End-Use Industry 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Foam Type 15.10.2.2. By End-Use Industry 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Foam Type 15.11.2.2. By End-Use Industry 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Foam Type 15.12.2.2. By End-Use Industry 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Foam Type 15.13.2.2. By End-Use Industry 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Foam Type 15.14.2.2. By End-Use Industry 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Foam Type 15.15.2.2. By End-Use Industry 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Foam Type 15.16.2.2. By End-Use Industry 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Foam Type 15.17.2.2. By End-Use Industry 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Foam Type 15.18.2.2. By End-Use Industry 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Foam Type 15.19.2.2. By End-Use Industry 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Foam Type 15.20.2.2. By End-Use Industry 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Foam Type 15.21.2.2. By End-Use Industry 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Foam Type 15.22.2.2. By End-Use Industry 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Foam Type 15.23.2.2. By End-Use Industry 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Foam Type 16.3.3. By End-Use Industry 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. BASF SE 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. DOW Chemical Company 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Huntsman Corporation 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Covestro AG 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. JSP Corporation 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Roger Corporation 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Borealis AG 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Armacell International S.A. 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Sealed Air Corporation 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Zotefoams PLC 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. Owens Corning 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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