Industrial Foam Key Players | Innovation and Product Evolution | Market Entry and Expansion Strategies | Investment and Capital Allocation

Date: January 2025

Industrial Foam Companies and Market Forecast

The industrial foam market size was USD 62.6 billion in 2023, calculated at USD 66.3 billion in 2024, and is expected to reach around USD 114.6 billion by 2034, expanding at a CAGR of 5.65% from 2025 to 2034. The demand for the industrial foam packaging market is growing because of widening scope of applications by various end-use industries is driving market surge.

Industrial Foam Market Companies

Industrial Foam Market Companies

  • Alpek
  • Arkema
  • Armacell International S.A.
  • BASF
  • DuPont
  • Kaneka Corporation
  • Nova Chemicals Corp
  • Recticel
  • Rogers Foam Corporation
  • SABIC
  • Sealed Air
  • Taita Chemical Co., Ltd.
  • The Dow Company
  • Versalis S.p.A
  • Zotefoams

U.S Import Data Overview for Industrial Foam: Analysis of Consignees, Shippers, Ports, and Shipments

Consignee Name Shipper Name Quantity (Sum) Weight (Sum)
Chico Distributing Polyplas Dominicana S A 176224 1894
Newline Distributors LLC Plastifar S A 7624 79698
Hibco Plastics Inc - 7141 230239
Newline Distributors LLC Plastifar S A 3996 12220
The Market STX Plastifar S A 3686 13135
Kuehne Nagel SA Nakufreight SAS 3615 41202

Recent Developments

  • In November 2024, JLR achieved a breakthrough using recycled seat foam which is a first in the automobile industry. This was done in partnership with Dow and Adient to produce seat foam for their luxury vehicles with closed-loop recycled content. 
  • In April 2024, RISE and Apple developed a new bio-based foam, which is often used in packaging, insulation, and lightweight composites.
  • In May 2024, BASF launched automotive acoustic foam, a foam developed for noise reduction and vibration damping in automotive interiors to enhance cabin comfort.
  • In October 2023, Magna announced EcoSphere 100% Melt Recyclable Foam, EcoSphere product family is comprised of sustainable trim materials, trim padding, structures, and foam.