Flame retardant cross-linked polyolefin foam is chemically modified to resist combustion and selfextinguish
Market Overview
Growing demand across multiple industries including construction, automotive, and electronics
Material offers excellent insulation, lightweight properties, and enhanced fire safety
Market driven by stringent safety regulations and fireresistant material requirements
Market Value & Growth Projections
Market Statistics:
Global market valued at USD 198 million in 2023
Projected to reach USD 260.61 million by 2032
CAGR of 3.10% during forecast period
North America market: USD 54.37 million in 2023 (CAGR 2.66%)
Key Market Drivers:
Stringent safety regulations and standards
Growing construction and automotive sectors
Technological advancements enhancing foam performance
Increasing demand for fire-resistant materials
Rising adoption in emerging economies
Market Segmentation
By Type
By Application
Polypropylene (PP) Foam
Polyethylene (PE) Foam
Ethyl Vinyl Acetate (EVA) Foam
Construction
Automotive
Anti-Static
Electronics Hardware
Sports & Leisure
Others
Key Market Players
Sekisui Chemical
Toray Plastics BASF
Furukawa
Armacell
Regional Market Analysis
North America: USD 54.37 million in 2023 (CAGR 2.66%); Driven by applications in construction, automotive, and electronics; USA, Canada, Mexico are key markets
Europe: Germany, UK, France contributing significantly; Diverse range of applications across industries
Asia-Pacific: Rapid growth in China, Japan, India; Construction and automotive sectors driving demand
Middle East & Africa: Growth opportunities in Saudi Arabia and UAE; Construction and electronics applications expanding South & Central America: Growing demand in Brazil and Argentina; Automotive and sports & leisure segments leading adoption
