Foam Plastics Market is segmented By Type (Polyurethane, Polystyrene, Polyolefin, Phenolic, Others), By Application (Building & Construction, Packagin....
Market Size in USD
CAGR5.6%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 5.6% |
Market Concentration | Medium |
Major Players | Alchemie Ltd., BASF SE Covestro Hexion Inc., Huntsman International LLC, Repsol S.A., Saudi Basic Industries Corporation (SABIC) |
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.