Foam Plastics Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Foam Plastics Market is segmented By Type (Polyurethane, Polystyrene, Polyolefin, Phenolic, Others), By Application (Building & Construction, Packagin....

Foam Plastics Market Size

Market Size in USD

CAGR5.6%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR5.6%
Market ConcentrationMedium
Major PlayersAlchemie Ltd., BASF SE Covestro Hexion Inc., Huntsman International LLC, Repsol S.A., Saudi Basic Industries Corporation (SABIC)
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Foam Plastics Market Analysis

The foam plastics market is estimated to be valued at USD 55.72 Bn in 2024 and is expected to reach USD 81.70 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The foam plastics market is expected to witness steady growth with rising application in industries like automotive, construction and packaging will drive demand.