Foam Plastics Market Size
Market Size in USD Bn
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) and Among Others |
*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.