Engineered Foam Market Size and Share

Engineered Foam Market (2025 - 2030)
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Engineered Foam Market Analysis by Mordor Intelligence

The Engineered Foam Market size is estimated at USD 123.65 billion in 2025, and is expected to reach USD 152.04 billion by 2030, at a CAGR of 4.22% during the forecast period (2025-2030). Regulations that raise building-envelope R-values, automakers’ appetite for lighter and quieter electric vehicles, and the phase-down of high-GWP blowing agents collectively accelerate volume growth. Producers are also benefiting from e-commerce packaging demand and from early hydrogen-infrastructure pilots that require cryogenic foams. Asia-Pacific anchors supply and demand thanks to new TPU capacity in China and large-scale civil-engineering projects, while North America acts as a regulatory bellwether for low-GWP spray systems. Short-term margin pressure stems from isocyanate and polyol price swings, but integrated suppliers that lock in raw-material streams and commercialize bio-based polyols are positioned to defend profitability.

Key Report Takeaways

  • By polymer type, polyurethane led with 41.87% engineered foam market share in 2024, whereas the Other Polymer Types segment is projected to widen at a 5.25% CAGR through 2030.
  • By foam type, flexible foams accounted for 52.67% revenue in 2024; spray foams are forecast to post the fastest expansion at 5.19% CAGR to 2030. 
  • By function, thermal-insulation applications held 39.98% of the engineered foam market size in 2024 and structural core and lightweighting foams are advancing at a 4.97% CAGR through 2030.
  • By end-user industry, building and construction commanded 42.65% revenue in 2024, while the aggregate of aerospace, energy, and other niche industries is expected to climb at a 5.32% CAGR, through 2030.
  • By geography, Asia-Pacific captured 44.72% of global demand in 2024 and is simultaneously slated to grow at 5.04% CAGR through 2030

Segment Analysis

By Polymer Type: Portfolio diversification gathers pace

Polyurethane retained the largest engineered foam market share at 41.87% in 2024, rooted in closed-cell systems that deliver R-7 per inch and dominate cold-chain and roofing builds. Nonetheless, bio-based routes, non-isocyanate chemistries, and CO₂-modified backbones fuel a 5.25% CAGR for the Other Polymer Types segment. BASF’s Ludwigshafen EPS expansion targets appliance and packaging niches, while Covestro’s prototype rigid foam with 20% captured CO₂ hits spec parity with petro-based incumbents.

Second-generation polyolefins improve recyclability, giving e-commerce shippers a low-density option that meets circular pledges. Specialty silicones penetrate rolling-stock interiors thanks to intrinsic flame-smoke-toxicity compliance. As feedstock diversification deepens, polyurethane’s revenue dominance will narrow slightly, yet it will still anchor engineered foam market size in 2030 because of unmatched insulation efficiency and mature supply chains.

Engineered Foam Market: Market Share by Polymer Type
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By Foam Type: Spray systems capture code-driven upside

Flexible foams accounted for 52.67% revenue in 2024, buoyed by bedding, furniture, and seat applications. Rigid boards preserved food-retail cold lanes, and elastomeric foams served HVAC gasket needs. Spray foams, however, are slated for a 5.19% CAGR—fastest in class—because they meet air-sealing and insulation codes in one pass, raising their engineered foam market size share year-over-year. Huntsman Building Solutions’ Icynene Series reaches 7.4 per-inch R-value and rolls out in low-pressure kits for remodelers.

HFO-blown chemistry now dominates new launches, while roofing contractors exploit high-lift closed-cell variants to curb labor hours. As insurers tighten energy-loss clauses, spray foam penetration could top 20% of North American wall-and-roof insulation by 2030, further enlarging the engineered foam market.

By Function: Insulation leads; lightweighting accelerates

Thermal-insulation duties held 39.98% of 2024 revenue, the largest slice of the engineered foam market size, because codes and cold-chain logistics value low λ materials. Structural core and lightweighting foams log a 4.97% CAGR, helped by sandwich-panel use in battery enclosures and 3D-printed lattice cores that shed 35% weight versus honeycombs.

Acoustic and vibration foams ride EV demand, while energy-absorption cushions expand with omnichannel retail. Buoyancy foams hold steady in marine energy and recreation. Function-level diversity shelters producers from sector cyclicality and enlarges participation in the engineered foam market.

By End-user Industry: Construction still rules, niche sectors outpace

Building and construction contributed 42.65% of revenue in 2024, underpinned by code-mandated exterior insulation. Yet aerospace, hydrogen energy, and medical devices cluster into the Other End-user Industries segment, which is expanding at 5.32% CAGR. Aircraft seat makers adopt fully recyclable foams to cut turnaround emissions, and cryogenic insulation systems guard liquid-hydrogen tanks at –253 °C. These higher-value niches diversify the engineered foam market revenue stream beyond cyclical housing trends.

Engineered Foam Market: Market Share by End-user Industry
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Geography Analysis

Asia-Pacific’s 44.72% share and 5.04% CAGR reflect a full-spectrum industrial ecosystem that spans civil construction, auto assembly, and consumer electronics. China’s renewable-powered TPU complex in Zhanjiang underscores commitment to local value chains. Japan refines NVH foams for premium EVs, and India’s construction boom absorbs rigid boards and spray systems in new urban housing. South Korea contributes advanced resins for memory-chip packaging, whereas ASEAN factories gain share by offering cost-competitive conversion. Together these dynamics sustain the engineered foam market’s highest regional momentum.

North America combines strict building codes with capital access, supporting leadership in low-GWP spray-foam capacity. Huntsman’s Icynene Series and regionwide installer training push open-cell products deeper into retrofit attic jobs. Mexico’s near-shoring wave powers automotive PU usage, and Canada’s cold climate bolsters insulation demand. Upside persists, yet feedstock volatility remains a cost wild card for engineered foam market players across the region.

Europe plays sustainability spearhead, mainstreaming CO₂-based polyols and bio-circular attributions. Covestro’s rigid-foam prototypes with 20% captured CO₂ set new life-cycle benchmarks. Nordic housing stimuli amplify demand for high-R SIP panels, whereas Germany’s automotive tier system pilots flame-retardant lightweight cores for EV battery trays. Regulatory certainty around F-gas and VOC ceilings helps long-term investment planning, anchoring the engineered foam market’s European strategy.

Engineered Foam Market CAGR (%), Growth Rate by Region
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Competitive Landscape

Moderate fragmentation defines the engineered foam market. Carpenter’s purchase of Recticel’s Engineered Foams Division for EUR 656 million vaults it to the largest vertically integrated flexible-foam supplier. Armacell’s full buy-out of AJA boosts aerogel-based high-temperature insulation capacity beyond 700 t/y, opening LNG and district-heating applications. BASF’s Alsachimie acquisition fortifies upstream control over polyamide precursors, illustrating vertical-integration logic.

Technology differentiation now trumps volume. Covestro markets Bayfit® NVH fillers that deliver 3 dB attenuation at equal mass, earning premium placements in EV platforms. Huntsman’s SHOKLESS™ resists thermal runaway in battery packs, tapping the EV safety up-cycle. Dow’s bio-based NORDEL™ REN EPDM signals a push to renewable elastomer matrices. Companies with R&D heft, captive monomer streams, and regulatory-affairs expertise therefore hold strategic high ground.

Mid-tier converters hedge raw-material risk via tolling agreements and localized recycling, but margin resilience still trails that of integrated peers. Private-equity funds remain active buyers, targeting specialty formulators with aerospace and medical access where price realizations are higher. Overall, intellectual-property breadth, low-carbon credentials, and M&A scale will dictate share gains inside the engineered foam market.

Engineered Foam Industry Leaders

  1. BASF SE

  2. Dow Inc.

  3. Huntsman Corporation

  4. Armacell International SA

  5. Carpenter Co.

  6. *Disclaimer: Major Players sorted in no particular order
Engineered Foam Market Concentration
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Recent Industry Developments

  • March 2025: BASF has unveiled biomass balance grades of its Elastoflex® polyurethane foam, broadening its offerings for the furniture sector. This newly formulated foam is designed for diverse furniture uses, such as seating, headrests, and armrests.
  • July 2023: Carpenter acquired Recticel NV's Engineered Foams Division, which included the former Foam Partner and Otto Bock operations. This acquisition established Carpenter as the world's largest vertically integrated manufacturer of polyurethane foams and specialty polymer products.

Table of Contents for Engineered Foam Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Surging Demand for Lightweight, Fuel-Efficient Materials in Automotive
    • 4.2.2 Stringent Building Energy Codes Driving Demand for Engineered Insulation Foams
    • 4.2.3 Expanding E-Commerce Boosting Protective Foam Packaging
    • 4.2.4 Rapid Adoption of Acoustic Metamaterial Foams in EV Cabins
    • 4.2.5 Growing Demand for Cryogenic-Capable Foams for Hydrogen Infrastructure Insulation
  • 4.3 Market Restraints
    • 4.3.1 Volatility in Isocyanate and Polyol Prices
    • 4.3.2 Tightening VOC Blowing-Agent Regulations
    • 4.3.3 Scarcity of Certified Bio-Based Polyol Feedstock
  • 4.4 Value Chain Analysis
  • 4.5 Porter's Five Forces
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Competitive Rivalry

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Polymer Type
    • 5.1.1 Polyurethane
    • 5.1.2 Polyolefins
    • 5.1.3 Polystyrene
    • 5.1.4 Other Polymer Types (Polyvinyl Chloride, Silicone, etc.)
  • 5.2 By Foam Type
    • 5.2.1 Flexible
    • 5.2.2 Rigid
    • 5.2.3 Spray
    • 5.2.4 Other Foam Types (Elastomeric, etc.)
  • 5.3 By Function
    • 5.3.1 Thermal Insulation
    • 5.3.2 Acoustic and Vibration Control
    • 5.3.3 Energy Absorption and Cushioning
    • 5.3.4 Buoyancy and Floatation
    • 5.3.5 Structural Core and Lightweighting
  • 5.4 By End-user Industry
    • 5.4.1 Building and Construction
    • 5.4.2 Packaging
    • 5.4.3 Furniture and Interiors
    • 5.4.4 Automotive and Transportation
    • 5.4.5 End-user Industries (Aerospace and Defense, Energy, etc.)
  • 5.5 By Geography
    • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 Japan
    • 5.5.1.3 India
    • 5.5.1.4 South Korea
    • 5.5.1.5 ASEAN Countries
    • 5.5.1.6 Rest of Asia-Pacific
    • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
    • 5.5.3.6 Russia
    • 5.5.3.7 NORDIC Countries
    • 5.5.3.8 Rest of Europe
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
    • 5.5.5 Middle-East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle-East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share(%)/Ranking Analysis
  • 6.4 Company Profiles {(includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)}
    • 6.4.1 BASF SE
    • 6.4.2 Armacell International SA
    • 6.4.3 Carpenter Co.
    • 6.4.4 Covestro AG
    • 6.4.5 Dow Inc.
    • 6.4.6 Evonik Industries AG
    • 6.4.7 Huntsman Corporation
    • 6.4.8 Kaneka Corporation
    • 6.4.9 Rogers Foam Corporation
    • 6.4.10 SABIC
    • 6.4.11 Sealed Air
    • 6.4.12 Trelleborg
    • 6.4.13 Woodbridge
    • 6.4.14 Zotefoams plc

7. Market Opportunities and Future Outlook

  • 7.1 White-space and Unmet-Need Assessment
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Global Engineered Foam Market Report Scope

The engineered foam market report includes:

By Polymer Type
Polyurethane
Polyolefins
Polystyrene
Other Polymer Types (Polyvinyl Chloride, Silicone, etc.)
By Foam Type
Flexible
Rigid
Spray
Other Foam Types (Elastomeric, etc.)
By Function
Thermal Insulation
Acoustic and Vibration Control
Energy Absorption and Cushioning
Buoyancy and Floatation
Structural Core and Lightweighting
By End-user Industry
Building and Construction
Packaging
Furniture and Interiors
Automotive and Transportation
End-user Industries (Aerospace and Defense, Energy, etc.)
By Geography
Asia-Pacific China
Japan
India
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
NORDIC Countries
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
By Polymer Type Polyurethane
Polyolefins
Polystyrene
Other Polymer Types (Polyvinyl Chloride, Silicone, etc.)
By Foam Type Flexible
Rigid
Spray
Other Foam Types (Elastomeric, etc.)
By Function Thermal Insulation
Acoustic and Vibration Control
Energy Absorption and Cushioning
Buoyancy and Floatation
Structural Core and Lightweighting
By End-user Industry Building and Construction
Packaging
Furniture and Interiors
Automotive and Transportation
End-user Industries (Aerospace and Defense, Energy, etc.)
By Geography Asia-Pacific China
Japan
India
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Russia
NORDIC Countries
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Key Questions Answered in the Report

What is the current engineered foam market size and growth outlook?

The engineered foam market size stands at USD 123.65 billion in 2025 and is expected to reach USD 152.04 billion by 2030, growing at a 4.22% CAGR.

Which polymer type leads the engineered foam market?

Polyurethane holds the top position with 41.87% engineered foam market share in 2024, owing to its superior insulation and structural versatility.

Why is Asia-Pacific the fastest-growing region?

China’s renewable-powered TPU capacity, large infrastructure spending, and rapid EV adoption give Asia-Pacific both the largest share and the fastest 5.04% CAGR through 2030.

How are regulations influencing spray foam demand?

The 2021 IECC and the EPA’s low-GWP mandates are pushing builders toward closed-cell spray polyurethane foam that offers R-7 per inch and air-sealing in one pass.

What innovations are most disruptive in the engineered foam market?

CO₂-based polyols, aerogel-enhanced cryogenic foams, and metamaterial acoustic fillers are reshaping product portfolios and commanding premium pricing.

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