The North America Polymer Foam Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 11,530.8 million square meter, showcasing a growth of 6.3% (2019-2022).
Polystyrene foam, commonly referred to as EPS (expanded polystyrene) foam, is a prevalent type of polymer foam in the market. Recognized for its lightweight nature, excellent insulation properties, and cost-effectiveness, polystyrene foam finds widespread use in various industries. Therefore, the US market utilized 9,358.8 million square meter Polystyrene foam in 2022.
The US market dominated the North America Polymer Foam Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $43,696.3 million by 2030. The Canada market is experiencing a CAGR of 9.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.3% during (2023 - 2030).
The market is a dynamic and rapidly evolving sector within the broader materials industry, characterized by innovation, versatility, and widespread adoption across diverse applications. Polymer or plastic foams are lightweight materials with a cellular structure composed of polymer matrices filled with gas bubbles or voids. These foams exhibit various properties depending on the specific polymers used, including flexibility, insulation, cushioning, and buoyancy, making them ideal for various applications.
Polymer foams are ideal for various industries due to their distinct blend of features and attributes. For example, polymer foams are widely used in the automotive sector for various applications, such as seating, headliners, door panels, and instrument panels, to provide comfort and impact resistance. Foams help reduce noise and vibrations within vehicle interiors, enhancing passenger comfort. Also, foams reduce vehicle weight and improve fuel efficiency and overall performance. According to the Internation Trade Administration (ITA), in 2022, 782,629 vehicles, (486,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses) were produced in Italy. Additionally, 13,35,487 new cars were registered in 2022. The increasing automotive production is driving the demand for polymer foam.
Similarly, like many developing countries, Mexico is experiencing rapid urbanization as people migrate from rural areas to cities in search of better living standards. Urbanization drives the need for new residential complexes, commercial buildings, transportation networks, and social infrastructure, leading to significant construction activity in urban areas. According to DATA Mexico, in 2022, construction sector registered 26,760 economic units in Mexico. Jalisco (1,897), Nuevo León (1,840), and Ciudad de México (2,380) were the states with the most economic units. The growing construction industry in Mexico presents opportunities for growth and expansion in the market. Its manufacturers may invest in expanding production capacities and developing new product offerings tailored to Mexico. Thus, the expansion of the region’s construction sector is propelling the market’s growth.
Based on Type, the market is segmented into Polystyrene Foam, Polyurethane Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, and Others. Based on Application, the market is segmented into Building & Construction, Packaging, Furniture & Bedding, Automotive, Rail, Wind, Marine, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Polystyrene foam, commonly referred to as EPS (expanded polystyrene) foam, is a prevalent type of polymer foam in the market. Recognized for its lightweight nature, excellent insulation properties, and cost-effectiveness, polystyrene foam finds widespread use in various industries. Therefore, the US market utilized 9,358.8 million square meter Polystyrene foam in 2022.
The US market dominated the North America Polymer Foam Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $43,696.3 million by 2030. The Canada market is experiencing a CAGR of 9.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.3% during (2023 - 2030).
The market is a dynamic and rapidly evolving sector within the broader materials industry, characterized by innovation, versatility, and widespread adoption across diverse applications. Polymer or plastic foams are lightweight materials with a cellular structure composed of polymer matrices filled with gas bubbles or voids. These foams exhibit various properties depending on the specific polymers used, including flexibility, insulation, cushioning, and buoyancy, making them ideal for various applications.
Polymer foams are ideal for various industries due to their distinct blend of features and attributes. For example, polymer foams are widely used in the automotive sector for various applications, such as seating, headliners, door panels, and instrument panels, to provide comfort and impact resistance. Foams help reduce noise and vibrations within vehicle interiors, enhancing passenger comfort. Also, foams reduce vehicle weight and improve fuel efficiency and overall performance. According to the Internation Trade Administration (ITA), in 2022, 782,629 vehicles, (486,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses) were produced in Italy. Additionally, 13,35,487 new cars were registered in 2022. The increasing automotive production is driving the demand for polymer foam.
Similarly, like many developing countries, Mexico is experiencing rapid urbanization as people migrate from rural areas to cities in search of better living standards. Urbanization drives the need for new residential complexes, commercial buildings, transportation networks, and social infrastructure, leading to significant construction activity in urban areas. According to DATA Mexico, in 2022, construction sector registered 26,760 economic units in Mexico. Jalisco (1,897), Nuevo León (1,840), and Ciudad de México (2,380) were the states with the most economic units. The growing construction industry in Mexico presents opportunities for growth and expansion in the market. Its manufacturers may invest in expanding production capacities and developing new product offerings tailored to Mexico. Thus, the expansion of the region’s construction sector is propelling the market’s growth.
Based on Type, the market is segmented into Polystyrene Foam, Polyurethane Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, and Others. Based on Application, the market is segmented into Building & Construction, Packaging, Furniture & Bedding, Automotive, Rail, Wind, Marine, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Arkema S.A.
- BASF SE
- Borealis AG (OMV)
- Synthos S.A. (FTF Galleon S.A.)
- DuPont de Nemours, Inc.
- Trelleborg AB
- Zotefoams plc
- Sealed Air Corporation
- Woodbridge Foam Corporation
- Polymer Technologies, Inc.
Market Report Segmentation
By Type (Volume, Million Square Meter, USD Billion, 2019-2030)- Polystyrene Foam
- Polyurethane Foam
- PVC Foam
- Phenolic Foam
- Polyolefin Foam
- Melamine Foam
- Others
- Building & Construction
- Packaging
- Furniture & Bedding
- Automotive
- Rail
- Wind
- Marine
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Polymer Foam Market by Type
Chapter 5. North America Polymer Foam Market by Application
Chapter 6. North America Polymer Foam Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Arkema S.A.
- BASF SE
- Borealis AG (OMV)
- Synthos S.A. (FTF Galleon S.A.)
- DuPont de Nemours, Inc.
- Trelleborg AB
- Zotefoams plc
- Sealed Air Corporation
- Woodbridge Foam Corporation
- Polymer Technologies, Inc.
Methodology
LOADING...
