India Foam Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

India Foam Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The India foam market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

Foam refers to a synthetic polymer material wherein the matrix contains a large number of tiny foam holes. It is primarily manufactured by using various chemical resins, such as polyurethane, polystyrene, phenolic and polyvinyl chloride. Foams can be widely categorized into flexible and rigid foams depending upon their cell geometry, such as open cells or closed cells. They provide insulation and protection to materials against abrasion, temperature, moisture, impact, and corrosion. Moreover, foams offer numerous benefits owing to their lightweight, non-toxic, and hypoallergenic nature. As a result, they find extensive applications across diverse industry verticals, such as furniture, construction, packaging, electronics, aerospace, medical, etc.

India Foam Market Trends:
Significant growth in the construction and building industry, along with the rising demand for foam in the furnishing sector, is primarily driving the market growth in India. In line with this, extensive utilization of various home furnishing products, such as foam-based mattresses, pillowcases, bed linens, etc., that offer superior comfort through even distribution of pressure and body weight, is further proliferating the product demand. Additionally, the growing adoption of foam in the packaging industry to protect fragile, high-value, and sensitive products is also escalating the market growth in the country. Moreover, foam is gaining prominence for manufacturing numerous automobile components, such as passenger safety parts, seats, bumpers, and other exterior parts, which further aid in enhancing the overall fuel efficiency of the vehicle. Besides this, the rising environmental concerns towards the adverse impact of plastics are fueling the demand for bio-based polyols that are used for manufacturing polyurethane foam and have minimal carbon emissions. In the coming years, the emergence of several innovative product variants, such as flame-retardant foam, UV stable foam, acoustic absorption foam, reticulated foam, etc., will continue to drive the India foam market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India foam market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on category, type and application.

Breakup by Category:

Flexible Foam
Rigid Foam

Breakup by Type:

Polyurethane
Polystyrene
Polyolefin
Phenolic
PET
Others

Breakup by Application:

Furniture
Automotive
Building and Construction
Apparels
Packaging
Appliances
Others

Breakup by Region:

South India
North India
West and Central India
East and North East-India

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being 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.

Key Questions Answered in This Report

1. What was the size of the India foam market in 2022?
2. What is the expected growth rate of the India foam market during 2023-2028?
3. What has been the impact of COVID-19 on the India foam market?
4. What are the key factors driving the India foam market?
5. What is the breakup of the India foam market based on the category?
6. What is the breakup of the India foam market based on the type?
7. What is the breakup of the India foam market based on the application?
8. What are the key regions in the India foam market?
9. Who are the key players/companies in the India foam market?