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The polyolefin foam market is projected to grow from USD 8.1 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 5.2% between 2021 and 2026. Growing demand from the packaging and automotive industry in APAC is likely to boost the polyolefin foam market.
Polyethylene is the fastest-growing resin segment of the polyolefin foam market.
Polyethylene is the fastest-growing resin segment, in terms of volume, between 2021 and 2026. Polyethylene-based polyolefin foam are tough, lightweight, and offer excellent resistance to weathering. These foams have applications in automotive, building and construction, packaging.
APAC is the fastest market for polyolefin foam during the forecast period.