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.
A foam is a synthetic polymer material containing a large number of tiny foam holes. They are produced from several chemical resins, such as polystyrene, polyurethane, phenolic and polyvinyl chloride, and can be categorized into flexible and rigid foams. Foams provide several benefits, such as insulation and protection against temperature, impact, moisture, corrosion, and abrasion, owing to their lightweight, hypoallergic and non-toxic nature.
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India Foam Market Trends and Drivers:
One of the primary factors driving the market is the rapid growth of the construction industry in India. Foams are utilized in home furnishing products, including pillowcases, mattresses, and bed linens.
Additionally, foams are significantly utilized in the packaging industry to safeguard fragile and sensitive products. It is also used to manufacture various automobile components, such as seats, bumpers, and safety parts, thus improving overall fuel efficiency.
Besides this, the rising environmental concerns and the emergence of various innovative product variants, such as UV stable foam, retardant foam, reticulated foam, and acoustic absorption foam, are catalyzing the market growth across the country.
India Foam Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
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.
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:
- 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
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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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