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Wood Foam Market Trends

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

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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.

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.