According to the latest report by IMARC Group, titled “India Foam Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the India foam market reached a value of US$ 7.17 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.68 Billion by 2027 exhibiting a CAGR of 5.0% during 2022-2027.
Foams are a type of synthetic material created by encapsulating gas bubbles. They contain a large number of tiny foam holes and can consist of solid and gaseous phases. Various kinds of foams are manufactured with chemical resins like polyurethane (PU), polystyrene (PS), polyolefin (PO), phenolic, and polyvinyl chloride (PVC). Foams offer high flexibility, vibration absorption, and durability, as well as low density and thermal conductivity and reduced weight. As a result, they find application in a wide variety of industries, including automobile, mining, manufacturing, aviation, footwear, arts and entertainment, and furniture and mattresses.
|Base Year: 2021|
|Forecast Year: 2022-2027|
India Foam Market Trends and Drivers:
The India foam market is primarily driven by the rising demand for furniture owing to the increasing population and inflating disposable income of the working class. The low density, heat conduction coefficient, and water absorption of foams make them highly suitable for use in furniture.
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In the automotive and construction industries, foams are used to address stress cushioning, improving fuel economy and durability, which, in turn, is fueling the growth of the market. Besides this, the growing awareness regarding the safety, quality, and maintenance of products in the packaging industry, is also propelling the demand for foams.
Furthermore, the rising environmental concerns regarding the negative impact of plastics have resulted in the introduction of bio-based polyurethane foams. These factors are anticipated to create a positive outlook for the market in the upcoming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Foam Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alpha Foam Ltd., Ankit Polymers, Goldcoin Foam Pvt. Ltd., IRE-TEX Premier India Pvt. Ltd., Jumax Foam Pvt Ltd, M.H. Polymers Pvt. Ltd., Premratan Concast Pvt Ltd. (PyareLal Group Of Industries), Royal EPE Foam Private Limited, Sarva Foam Industries Pvt. Ltd, Sheela Foam Limited, and Tirupati Foam Limited.
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The report has segmented the market on the basis of region, category, type and application.
Breakup by Category:
- Flexible Foam
- Rigid Foam
Breakup by Type:
Breakup by Application:
- Building and Construction
Breakup by Region:
- South India
- North India
- West and Central India
- East and North East-India
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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