Wood Foam Market - By Type (Flexible, Rigid), By Application (Cushioning, Insulation, Thermal Packaging, Decorative Elements, Sandwich Board, Curtain Wall), By End-Use (Building & Construction, Packaging, Automotive, Furniture), & Global Forecast, 2023-2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Wood Foam Market - By Type (Flexible, Rigid), By Application (Cushioning, Insulation, Thermal Packaging, Decorative Elements, Sandwich Board, Curtain Wall), By End-Use (Building & Construction, Packaging, Automotive, Furniture), & Global Forecast, 2023-2032
Wood Foam Market - By Type (Flexible, Rigid), By Application (Cushioning, Insulation, Thermal Packaging, Decorative Elements, Sandwich Board, Curtain Wall), By End-Use (Building & Construction, Packaging, Automotive, Furniture), & Global Forecast, 2023-2032
Wood Foam Market Size
Wood Foam Market size reached USD 230 million in 2022 and is progress at over 6.5% CAGR from 2023 to 2032.
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The wood foam demand is fueled by the increasing popularity of online sales channels globally. The rise in internet users and e-commerce businesses will contribute to market growth. Similarly, consistent R&D in the field of wood foam is fueling the industry outlook.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Wood Foam Market Size in 2022 | USD 230 Million |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 6.6% |
| 2032 Value Projection | USD 435 Million |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 250 |
| Tables, Charts & Figures | 259 |
| Segments covered | Type, Application, End-Use |
| Growth Drivers |
|
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Stringent policies and regulations related to safe handling of product are major factors restraining market growth. The Occupational Safety and Health Administration (OSHA) has established permissible exposure limits (PELs) for certain wood dust generated during the production of wood foam. These PELs depend on specific kinds of wood to protect workers from health hazards. Nonetheless, the growing demand for furniture across the world is propelling wood foam market demand. As per Volza Furniture Export Import data, Vietnam accounted for over 7,800 shipments, and shipments in the U.S. stood at more than 6,900 in the first quarter of 2023.
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COVID-19 Impact
The COVID-19 pandemic has had a significant impact on the global economy which resulted in disruptions in supply chains and caused labor shortages and led to decreased demand for several products including wood foam. However, increased focus on sustainable and eco-friendly materials has pushed the demand for wood foam in many end-use industries such as packaging and automotive. The increasing awareness associated with wood foam capabilities is also boosting business outreach.
Wood Foam Market Trends
The rising number of construction projects which use wood foam as an insulation material is benefitting the industry outlook. Wood foam has a low density and high insulation, making it lightweight and easy to transport. Furthermore, supportive government measures for using sustainable materials and increased investment in the R&D of wood foam technology are complementing the product demand.
Wood Foam Market Analysis
Based on end-use, the industry is segmented into packaging, building & construction, automotive, and furniture. The packaging segment of wood foam market will expand at more than 6% CAGR through 2032, propelled by the rising shift toward sustainability and carbon-neutral materials that are eco-friendly in comparison to traditional foam packaging materials. Moreover, many packaging companies are driven towards the cost-effectiveness of wood foam as wood is easily available in the market. The packaging industry contributes highly to the GHG emission every year and the use of wood foam is considered a promising alternative.
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With respect to application, the market is segregated into cushioning, thermal packaging, insulation, decorative elements, sandwich board, and curtain wall. The wood foam market value from the cushioning segment was worth USD 60 million in 2022. Cushioning materials are used in various applications, such as packaging, transportation, and furniture. Growing demand for sustainable and eco-friendly cushioning materials is generating lucrative opportunities. The porous structure of the wood foam allows it to compress and deform under pressure, which helps to dissipate energy and reduce the force of impact, making it an effective material for protecting fragile or delicate items during shipping or transportation.
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Europe wood foam market crossed USD 88 million in 2022, attributed to a growing focus on carbon footprint reduction and growing demand for lightweight and high-performance materials in several end-use industries. Additionally, strong efforts by the European Union on promoting the use of sustainable materials for the circular economy have increased product adoption in the region. A 2022 research study by Open Research Europe concluded that wooden by-products such as wood foam, lignin-based adhesives, glycols, and bioplastics drive preference for bio-based alternatives in the region.
Wood Foam Market Share
Some of the key players profiled in the wood foam market report include
- Reilly Foam Corporation
- JB Polymers
- Stora Enso
- Fraunhofer WKI
- Spontex
- Malnutrion Matters
- Covestro AG
- Radha Energy Cell
- Effimax Solar
- Taylormade Renewables Ltd
These companies engage in R&D programs and strategic partnerships to stay ahead in the industry.
Wood Foam Business in News
- In September 2022, Stora Enso, a paper mill company, in partnership with Nefab, an industrial packaging firm, expanded the production capacity of Fibrease, a recyclable and fiber-based wood foam for replacement of polymer-based foams in packaging solutions.
- In March 2023, Fraunhofer WKI partnered with Zeigelwerk Bellenberg Wiest GmbH and launched climate-friendly brick solution materials with the use of wood fibers and processing wood foam for insulation purposes.
This wood foam market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Tons and revenue in USD million from 2018 to 2032 for the following segments
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By Type
- Flexible
- Rigid
By Application
- Cushioning
- Insulation
- Thermal Packaging
- Decorative Elements
- Sandwich Board
- Curtain Wall
- Others
By End-Use
- Building & Construction
- Packaging
- Automotive
- Furniture
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Poland
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Thailand
- Indonesia
- Latin America
- Brazil
- Argentina
- Middle East
- UAE
- South Africa
- Saudi Arabia
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimation & Working
1.3 Forecast Calculation
1.4 COVID-19 impact calculations on industry forecast
1.4.1 North America
1.4.2 Europe
1.4.3 Asia Pacific
1.4.4 Latin America (LATAM)
1.4.5 Middle East & Africa
1.5 Data sources
1.5.1 Primary
1.5.2 Secondary
1.5.2.1 Paid sources
1.5.2.2 Public sources
Chapter 2 Executive Summary
2.1 Wood Foam Market industry 3600 synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Type trends
2.1.4 Application trends
2.1.5 End-Use trends
Chapter 3 Wood Foam Industry Insights
3.1 Industry segmentation
3.2 COVID-19 impact on industry landscape
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.2.1 Contract Manufacturing
3.3.2.2 Distributors
3.3.3 Profit margin analysis
3.4 Regulatory Landscape
3.5 Pricing analysis
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Increasing demand for sustainable and eco-friendly materials
3.6.1.2 Adoption of eco-friendly solutions in packaging industry to fuel market development
3.6.1.3 Growth in online sales channel to augment industry growth
3.6.2 Industry pitfalls & challenges
3.6.2.1 Limited awareness wood foam
3.7 Growth potential analysis, 2022
3.8 Porter’s analysis
3.9 PESTEL analysis
3.10 COVID-19 impact on Wood Foam demand by end-use
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Global company market share analysis, 2022
4.3 Company market share analysis, by region, 2022
4.3.1 North America
4.3.2 Europe
4.3.3 Asia Pacific
4.3.4 Latin America
4.3.5 Middle East & Africa
4.4 Competitive analysis of key market players, 2022
4.5 Vendor adoption matrix
Chapter 5 Wood Foam Market By Type
5.1 Key type trends
5.2 Flexible
5.2.1 Global market estimates and forecasts, 2018 - 2032
5.2.2 Global market estimates and forecasts, by region, 2018 - 2032
5.3 Rigid
5.3.1 Global market estimates and forecasts, 2018 - 2032
5.3.2 Global market estimates and forecasts, by region, 2018 - 2032
Chapter 6 Wood Foam Market By Application
6.1 Key Application trends
6.2 Cushioning
6.2.1 Global market estimates and forecasts, 2018 – 2032
6.2.2 Global market estimates and forecasts, by region, 2018 – 2032
6.3 Insulation
6.3.1 Global market estimates and forecasts, 2018 – 2032
6.3.2 Global market estimates and forecasts, by region, 2018 – 2032
6.4 Thermal Packaging
6.4.1 Global market estimates and forecasts, 2018 – 2032
6.4.2 Global market estimates and forecasts, by region, 2018 – 2032
6.5 Decorative Elements
6.5.1 Global market estimates and forecasts, 2018 – 2032
6.5.2 Global market estimates and forecasts, by region, 2018 – 2032
6.6 Sandwich Board
6.6.1 Global market estimates and forecasts, 2018 – 2032
6.6.2 Global market estimates and forecasts, by region, 2018 – 2032
6.7 Curtain Wall
6.7.1 Global market estimates and forecasts, 2018 – 2032
6.7.2 Global market estimates and forecasts, by region, 2018 – 2032
6.8 Others
6.8.1 Global market estimates and forecasts, 2018 – 2032
6.8.2 Global market estimates and forecasts, by region, 2018 – 2032
Chapter 7 Wood Foam Market By End-Use
7.1 Key end-use trends
7.2 Building & Construction
7.2.1 Global market estimates and forecasts, 2018 – 2032
7.2.2 Global market estimates and forecasts, by region, 2018 – 2032
7.3 Packaging
7.3.1 Global market estimates and forecasts, 2018 – 2032
7.3.2 Global market estimates and forecasts, by region, 2018 – 2032
7.4 Automotive
7.4.1 Global market estimates and forecasts, 2018 – 2032
7.4.2 Global market estimates and forecasts, by region, 2018 – 2032
7.5 Furniture
7.5.1 Global market estimates and forecasts, 2018 – 2032
7.5.2 Global market estimates and forecasts, by region, 2018 – 2032
7.6 Others
7.6.1 Global market estimates and forecasts, 2018 – 2032
7.6.2 Global market estimates and forecasts, by region, 2018 – 2032
Chapter 8 Wood Foam Market , By Region
8.1 Wood Foam market, by region, 2022 & 2032
8.2 North America
8.2.1 Market estimate and forecast, 2018-2032
8.2.2 Market estimates and forecast, by type, 2018-2032
8.2.3 Market estimates and forecast, by Application, 2018 – 2032
8.2.4 Market estimates and forecast, by end-use, 2018 – 2032
8.2.5 U.S.
8.2.5.1 Market estimate and forecast, 2018-2032
8.2.5.2 Market estimates and forecast, by type, 2018-2032
8.2.5.3 Market estimates and forecast, by Application, 2018 – 2032
8.2.5.4 Market estimates and forecast, by end-use, 2018 – 2032
8.2.6 Canada
8.2.6.1 Market estimate and forecast, 2018-2032
8.2.6.2 Market estimates and forecast, by type, 2018-2032
8.2.6.3 Market estimates and forecast, by Application, 2018 – 2032
8.2.6.4 Market estimates and forecast, by end-use, 2018 – 2032
8.2.7 Mexico
8.2.7.1 Market estimate and forecast, 2018-2032
8.2.7.2 Market estimates and forecast, by type, 2018-2032
8.2.7.3 Market estimates and forecast, by Application, 2018 – 2032
8.2.7.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3 Europe
8.3.1 Market estimate and forecast, 2018-2032
8.3.2 Market estimates and forecast, by type, 2018-2032
8.3.3 Market estimates and forecast, by Application, 2018 – 2032
8.3.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3.5 Germany
8.3.5.1 Market estimate and forecast, 2018-2032
8.3.5.2 Market estimates and forecast, by type, 2018-2032
8.3.5.3 Market estimates and forecast, by Application, 2018 – 2032
8.3.5.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3.6 UK
8.3.6.1 Market estimate and forecast, 2018-2032
8.3.6.2 Market estimates and forecast, by type, 2018-2032
8.3.6.3 Market estimates and forecast, by Application, 2018 – 2032
8.3.6.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3.7 France
8.3.7.1 Market estimate and forecast, 2018-2032
8.3.7.2 Market estimates and forecast, by type, 2018-2032
8.3.7.3 Market estimates and forecast, by Application, 2018 – 2032
8.3.7.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3.8 Italy
8.3.8.1 Market estimate and forecast, 2018-2032
8.3.8.2 Market estimates and forecast, by type, 2018-2032
8.3.8.3 Market estimates and forecast, by Application, 2018 – 2032
8.3.8.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3.9 Russia
8.3.9.1 Market estimate and forecast, 2018-2032
8.3.9.2 Market estimates and forecast, by type, 2018-2032
8.3.9.3 Market estimates and forecast, by Application, 2018 – 2032
8.3.9.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3.10 Spain
8.3.10.1 Market estimate and forecast, 2018-2032
8.3.10.2 Market estimates and forecast, by type, 2018-2032
8.3.10.3 Market estimates and forecast, by Application, 2018 – 2032
8.3.10.4 Market estimates and forecast, by end-use, 2018 – 2032
8.3.11 Poland
8.3.11.1 Market estimate and forecast, 2018-2032
8.3.11.2 Market estimates and forecast, by type, 2018-2032
8.3.11.3 Market estimates and forecast, by Application, 2018 – 2032
8.3.11.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4 Asia Pacific
8.4.1 Market estimate and forecast, 2018-2032
8.4.2 Market estimates and forecast, by type, 2018-2032
8.4.3 Market estimates and forecast, by Application, 2018 – 2032
8.4.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4.5 China
8.4.5.1 Market estimate and forecast, 2018-2032
8.4.5.2 Market estimates and forecast, by type, 2018-2032
8.4.5.3 Market estimates and forecast, by Application, 2018 – 2032
8.4.5.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4.6 India
8.4.6.1 Market estimate and forecast, 2018-2032
8.4.6.2 Market estimates and forecast, by type, 2018-2032
8.4.6.3 Market estimates and forecast, by Application, 2018 – 2032
8.4.6.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4.7 Japan
8.4.7.1 Market estimate and forecast, 2018-2032
8.4.7.2 Market estimates and forecast, by type, 2018-2032
8.4.7.3 Market estimates and forecast, by Application, 2018 – 2032
8.4.7.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4.8 Australia
8.4.8.1 Market estimate and forecast, 2018-2032
8.4.8.2 Market estimates and forecast, by type, 2018-2032
8.4.8.3 Market estimates and forecast, by Application, 2018 – 2032
8.4.8.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4.9 South Korea
8.4.9.1 Market estimate and forecast, 2018-2032
8.4.9.2 Market estimates and forecast, by type, 2018-2032
8.4.9.3 Market estimates and forecast, by Application, 2018 – 2032
8.4.9.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4.10 Thailand
8.4.10.1 Market estimate and forecast, 2018-2032
8.4.10.2 Market estimates and forecast, by type, 2018-2032
8.4.10.3 Market estimates and forecast, by Application, 2018 – 2032
8.4.10.4 Market estimates and forecast, by end-use, 2018 – 2032
8.4.11 Indonesia
8.4.11.1 Market estimate and forecast, 2018-2032
8.4.11.2 Market estimates and forecast, by type, 2018-2032
8.4.11.3 Market estimates and forecast, by Application, 2018 – 2032
8.4.11.4 Market estimates and forecast, by end-use, 2018 – 2032
8.5 Latin America
8.5.1 Market estimate and forecast, 2018-2032
8.5.2 Market estimates and forecast, by type, 2018-2032
8.5.3 Market estimates and forecast, by Application, 2018 – 2032
8.5.4 Market estimates and forecast, by end-use, 2018 – 2032
8.5.5 Brazil
8.5.5.1 Market estimate and forecast, 2018-2032
8.5.5.2 Market estimates and forecast, by type, 2018-2032
8.5.5.3 Market estimates and forecast, by Application, 2018 – 2032
8.5.5.4 Market estimates and forecast, by end-use, 2018 – 2032
8.5.6 Argentina
8.5.6.1 Market estimate and forecast, 2018-2032
8.5.6.2 Market estimates and forecast, by type, 2018-2032
8.5.6.3 Market estimates and forecast, by Application, 2018 – 2032
8.5.6.4 Market estimates and forecast, by end-use, 2018 – 2032
8.6 Middle East & Africa
8.6.1 Market estimate and forecast, 2018-2032
8.6.2 Market estimates and forecast, by type, 2018-2032
8.6.3 Market estimates and forecast, by Application, 2018 – 2032
8.6.4 Market estimates and forecast, by end-use, 2018 – 2032
8.6.5 UAE
8.6.5.1 Market estimate and forecast, 2018-2032
8.6.5.2 Market estimates and forecast, by type, 2018-2032
8.6.5.3 Market estimates and forecast, by Application, 2018 – 2032
8.6.5.4 Market estimates and forecast, by end-use, 2018 – 2032
8.6.6 South Africa
8.6.6.1 Market estimate and forecast, 2018-2032
8.6.6.2 Market estimates and forecast, by type, 2018-2032
8.6.6.3 Market estimates and forecast, by Application, 2018 – 2032
8.6.6.4 Market estimates and forecast, by end-use, 2018 – 2032
8.6.7 Saudi Arabia
8.6.7.1 Market estimate and forecast, 2018-2032
8.6.7.2 Market estimates and forecast, by type, 2018-2032
8.6.7.3 Market estimates and forecast, by Application, 2018 – 2032
8.6.7.4 Market estimates and forecast, by end-use, 2018 – 2032
Chapter 9 Company Profiles
9.1 Reilly Foam Corporation
9.1.1 Business overview
9.1.2 Financial data
9.1.3 Product Landscape
9.1.4 Strategic Outlook
9.1.5 SWOT analysis
9.2 JB Polymers
9.2.1 Business overview
9.2.2 Financial data
9.2.3 Product Landscape
9.2.4 Strategic Outlook
9.2.5 SWOT analysis
9.3 Stora Enso
9.3.1 Business overview
9.3.2 Financial data
9.3.3 Product Landscape
9.3.4 Strategic Outlook
9.3.5 SWOT analysis
9.4 Fraunhofer WKI
9.4.1 Business overview
9.4.2 Financial data
9.4.3 Product Landscape
9.4.4 Strategic Outlook
9.4.5 SWOT analysis
9.5 Spontex
9.5.1 Business overview
9.5.2 Financial data
9.5.3 Product Landscape
9.5.4 Strategic Outlook
9.5.5 SWOT analysis
9.6 Malnutrion Matters
9.6.1 Business overview
9.6.2 Financial data
9.6.3 Product Landscape
9.6.4 Strategic Outlook
9.6.5 SWOT analysis
9.7 Covestro AG
9.7.1 Business overview
9.7.2 Financial data
9.7.3 Product Landscape
9.7.4 Strategic Outlook
9.7.5 SWOT analysis
9.8 Radha Energy Cell
9.8.1 Business overview
9.8.2 Financial data
9.8.3 Product Landscape
9.8.4 Strategic Outlook
9.8.5 SWOT analysis
9.9 Effimax Solar
9.9.1 Business overview
9.9.2 Financial data
9.9.3 Product Landscape
9.9.4 Strategic Outlook
9.9.5 SWOT analysis
9.10 Taylormade Renewables Ltd
9.10.1 Business overview
9.10.2 Financial data
9.10.3 Product Landscape
9.10.4 Strategic Outlook
9.10.5 SWOT analysis