From GlobeNewswire: 2024-06-11 06:30:00

The Polymeric Foams Market is projected to reach USD 146.3 billion by 2032, driven by innovations in foam production techniques and a growing focus on environmental sustainability. Companies are adopting bio-based and recycled materials, fueling market expansion as the demand for eco-friendly solutions increases.

Pregis introduced foam technology using certified-circular polyethylene resins, emphasizing sustainability and circularity goals in the industry. Polystyrene (PS) foam will see significant adoption due to its versatile properties and recyclability. Packaging applications will drive market growth, especially in Asia Pacific, where rapid industrialization and urbanization are major factors.

With a notable CAGR projected for Asia Pacific from 2024 to 2032, the Polymeric Foams Market will benefit from expanding industries such as packaging and automotive. Companies like BASF, Dow Chemical, and Huntsman are investing in R&D to develop innovative foam formulations. Market players are focused on partnerships and acquisitions to strengthen their position and drive growth.



Read more at GlobeNewswire: Polymeric Foams Market to reach USD 146.3 Billion 2032,