Product Code: ETC4514725 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India foam market import shipment demonstrated a robust growth trend over the period 2020-2024, with a notable CAGR of 15.9%. The momentum accelerated further between 2023 and 2024, showcasing a growth rate of 31.8%, indicating a strong expansion in the market during that period.
The foam market in India encompasses a wide range of foam materials, including polyurethane, polyethylene, and polystyrene. These materials are used in industries such as packaging, construction, and automotive for their cushioning and insulation properties. The market is diverse, catering to different applications and industries, and is expected to continue growing as these sectors expand and demand efficient and cost-effective foam solutions.
The overall foam market in India is influenced by diverse factors, including the growth of end-use industries like packaging, automotive, and construction. Increased consumer demand for comfortable and ergonomic products also contributes to the market`s expansion, as foams are used in various applications, from mattresses to seat cushions.
The India foam market faces a set of distinctive challenges in its quest for growth and sustainability. One of the key challenges is environmental concerns related to foam production and disposal. The industry is under increasing pressure to adopt more eco-friendly and sustainable manufacturing processes and materials due to rising environmental awareness. Furthermore, competition in the foam market is fierce, and price wars often result in cost-cutting measures that can compromise product quality and safety. Moreover, the availability of raw materials for foam production can be inconsistent, leading to supply chain disruptions. The industry also grapples with regulatory hurdles and quality control issues, which can affect the safety and performance of foam products. Overcoming these challenges is essential for the India foam market to meet the growing demand for versatile foam products.
The foam market faced challenges due to reduced manufacturing and consumer spending during the pandemic. Demand for foam products in industries like automotive, furniture, and packaging saw a decline. Post-pandemic, the market is likely to rebound as economic activities normalize.
Major contributors in India foam market comprise BASF, Huntsman Corporation, The Dow Chemical Company, Covestro, and Recticel.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Foam Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Foam Market Revenues & Volume, 2021 & 2031F |
3.3 India Foam Market - Industry Life Cycle |
3.4 India Foam Market - Porter's Five Forces |
3.5 India Foam Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Foam Market Revenues & Volume Share, By Foam Type, 2021 & 2031F |
3.7 India Foam Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 India Foam Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for foam in various industries such as automotive, construction, and packaging. |
4.2.2 Growing population and urbanization leading to higher demand for furniture and bedding products. |
4.2.3 Rise in disposable income levels and changing lifestyle preferences driving the demand for foam products. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of foam. |
4.3.2 Environmental concerns regarding the disposal and recycling of foam products. |
4.3.3 Intense competition from substitute materials like natural fibers and recycled materials. |
5 India Foam Market Trends |
6 India Foam Market, By Types |
6.1 India Foam Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Foam Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Foam Market Revenues & Volume, By Flexible Foam, 2021-2031F |
6.1.4 India Foam Market Revenues & Volume, By Rigid Foam, 2021-2031F |
6.2 India Foam Market, By Foam Type |
6.2.1 Overview and Analysis |
6.2.2 India Foam Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.2.3 India Foam Market Revenues & Volume, By Polystyrene, 2021-2031F |
6.2.4 India Foam Market Revenues & Volume, By Polyolefin, 2021-2031F |
6.2.5 India Foam Market Revenues & Volume, By Phenolic, 2021-2031F |
6.2.6 India Foam Market Revenues & Volume, By PET, 2021-2031F |
6.2.7 India Foam Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Foam Market, By End-use Industry |
6.3.1 Overview and Analysis |
6.3.2 India Foam Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.3.3 India Foam Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.4 India Foam Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.5 India Foam Market Revenues & Volume, By Furniture & Bedding, 2021-2031F |
6.3.6 India Foam Market Revenues & Volume, By Footwear, Sports, & Recreational, 2021-2031F |
6.3.7 India Foam Market Revenues & Volume, By Others, 2021-2031F |
7 India Foam Market Import-Export Trade Statistics |
7.1 India Foam Market Export to Major Countries |
7.2 India Foam Market Imports from Major Countries |
8 India Foam Market Key Performance Indicators |
8.1 Average selling price of foam products. |
8.2 Number of new product innovations and developments in the foam market. |
8.3 Adoption rate of foam products in emerging applications such as medical and electronics industries. |
9 India Foam Market - Opportunity Assessment |
9.1 India Foam Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Foam Market Opportunity Assessment, By Foam Type, 2021 & 2031F |
9.3 India Foam Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 India Foam Market - Competitive Landscape |
10.1 India Foam Market Revenue Share, By Companies, 2024 |
10.2 India Foam Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |