Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Technical Foam Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Technical Foam Market?
The Technical Foam market has experienced significant growth, expanding from $36.46 billion in 2024 to $38.55 billion in 2025. This represents a compound annual growth rate (CAGR) of 5.7%.
What Is the Forecasted CAGR for the Technical Foam Market by 2029?
The technical foam market is anticipated to reach a size of $51.8 billion by 2029, escalating at a compound annual growth rate (CAGR) of 7.7%.
Download the Free Sample Now:
What Are the Market Drivers in the Technical Foam Industry?
The key Drivers in the technical foam market are:
• Surge in demand for automobiles
• Enhanced use of automotive foams for cushioning and sound management
• Application of technical foam in various automobile parts like windscreens and door panels
• Increase in the number of licensed vehicles, indicating a hike in automobile production and consequently the use of technical foams.
What Is the Segment-Wise Breakdown of the Technical Foam Market?
The technical foammarket covered in this report is segmented –
1) By Product Form: Flexible, Rigid, Spray
2) By Material Type: Expanded Foam, Polyethylene, Elastomeric, Polyurethane, Melamine, Phenolic, Ethyl Vinyl Acetate, Other Material Types
3) By End Users: Automotive And Transportation, Electrical And Electronics, Building And Construction, Medical, Sporting Equipment, Packing, Other End Users
Explore the Complete Market Report:
Which Emerging Trends Are Driving Growth in the Technical Foam Sector?
The key trends in the technical foam market are:
• There is an emerging trend towards developing innovative solutions, such as water foam technology, within the technical foam market.
• A focus on reducing environmental impact is shaping the future of this market.
• Meeting the evolving needs of various industries is a key factor influencing new trends.
• Rapid energy absorption and release, optimizing the process while reducing energy consumption, is a growing trend in the technical foam market.
Which Companies Are Dominating the Technical Foam Market in Terms of Revenue?
The key players in the technical foam market are:
• Armacell International Holding
• BASF SE
• Woodbridge Company Ltd.
• Dow Inc.
• Sekisui Chemical Co. Ltd.
• Recticel NV
• UFP Technologies Inc.
• INOAC Corporation
• Kaneka Corporation
• Saudi Basic Industries Corporation
• Sealed Air Corporation
• Zotefoams PLC
• Lanxess AG
• Foampartner Group
• MH Polymers Private Limited
• Covestro AG
• Furukawa Electric Co. Ltd.
• Huntsman Corporation
• Trelleborg AB
• Rogers Corporation
• Wanhua Chemical Group Co. Ltd.
• Synthos S.A.
• Versalis S.p.A.
• Nova Chemicals Corporation
• Foam Products Corporation
What Are the Regions Driving Demand in the Technical Foam Market?
Asia-Pacific was the largest region in the technical foam market in 2024
