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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

  • Report ID: GMI5666
  • Published Date: May 2023
  • Report Format: PDF

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.
 

Wood Foam Market

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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.
 

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.
 

Global Furniture Market, 2021 – 2032 (USD Million)

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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.
 

Global Wood Foam Market Revenue Share, By Application, (2022)

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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.
 

Europe Wood Foam Market Size, 2022 & 2032 (USD Million)

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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

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of wood foam valued at USD 230 million in 2022 and will progress at over 6.5% CAGR between 2023 and 2032.
The packaging segment will expand at more than 6% CAGR over 2023-2032, as a result of the rising shift from traditional foam packaging materials toward sustainability and carbon-neutral materials.
The cushioning application segment garnered USD 60 million in 2022, owing to the growing demand for sustainable and eco-friendly cushioning materials.
The Europe market size crossed at USD 88 million in 2022 as a result of strong efforts by the European Union on promoting the use of sustainable materials for the circular economy.

Wood Foam Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 259
  • Countries covered: 22
  • Pages: 250
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