PUBLISHER: Grand View Research | PRODUCT CODE: 1433679
PUBLISHER: Grand View Research | PRODUCT CODE: 1433679
The global polymer foam market size is anticipated to reach USD 588.99 billion by 2030 and is anticipated to expand at a CAGR of 23.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Polymer foams are often lightweight, have high energy absorption, a high strength-to-weight ratio, and provide comfort due to their flexibility and softness. Growing population in the emerging economies of Asia Pacific, rising disposable income, and increase in purchasing power parity are the factors expected to propel the demand for automobiles over the forecast period.
Furthermore, various factors such as foam density, tensile strength, elongation, hardness, and vibration dampening are considered while designing the car seat. Providing comfort to an individual is also one of the key factors considered by automotive seat manufacturers. Polyurethane (PU) foams are durable, lightweight, versatile, resistant to corrosion & vibration, and recyclable and offer a high level of freedom in terms of geometric design.
Moreover, the growing global elderly population, particularly in Japan and Germany, has increased demand for memory foam-based bedding products including mattresses and pillows. Mattresses manufactured from these foams support the entire body and assist to relieve pain. Additionally, the growing influence of sustainable building materials is driving up demand for building materials that contribute to building energy efficiency. Polyurethane foams can assist in reducing the carbon emissions that lead to global warming by providing insulation to buildings. Some of the common application areas of polyurethane foams in buildings include pipes, roofs, cavity walls, and floors.