Foams Sourced Recycled Plastics Market, Global Outlook and
Forecast 2025-2032
Comprehensive insight into regional dynamics, growth drivers, and market segmentation.
MARKET OVERVIEW:
The global foams sourced recycled plastics market size was valued at USD 1.83 billion in 2024. The market is projected to grow from USD 1.98 billion in 2025 to USD 3.45 billion by 2032, exhibiting a CAGR of 7.2% during the forecast period.
Foams sourced from recycled plastics are lightweight cellular materials manufactured using post-consumer or post-industrial plastic waste. These foams find applications across diverse industries including packaging, construction, automotive, and textiles. The primary materials used include polyethylene terephthalate (PET), polyethylene (PE), polypropylene
MARKET INSIGHT & GROWTH DRIVERS:
billion
The market growth is driven by increasing demand from the automotive sector for highgrade tires, coupled with expanding applications in advanced plastics and coatings.
MARKET SEGMENTATION:
MARKET DYNAMICS
Expanding Automotive Sector to Propel
Specialty Carbon Black Demand
Governments worldwide are implementing strict regulations to curb plastic waste, with over 127 countries adopting single-use plastic bans as of 2024. The European Union's Circular Economy Action Plan mandates that all plastic packaging contain at least 30% recycled content by 2030, creating significant demand for recycled plastic foams. This regulatory push is transforming supply chains, with major brands committing to sustainability targets that require greater utilization of recycled materials. For example, the packaging sector— accounting for 40% of plastic foam demand—is rapidly transitioning toward circular
MARKET OPPORTUNITIES
Emerging AI-powered sorting systems achieve 99% purity in plastic waste streams—a 40% improvement over traditional methods—creating new opportunities for premium recycled foams. These systems combine hyperspectral imaging with robotic arms to precisely separate polymer types and colors. Major foam producers are investing heavily in these technologies, with processing capacity expected to triple by 2027. The improved feedstock quality enables recycled foams to meet stringent automotive and medical-grade specifications, opening $12 billion in new addressable markets.
COMPANY MISSION
Boron neutron capture therapy (BNCT) is emerging as a promising cancer treatment modality, particularly for difficult-to-treat tumors like glioblastoma. Japan has led clinical adoption with over 200 patients treated since 2020, while China and Europe are ramping up clinical trials. The precision targeting capability of boron-10, when irradiated with low-energy neutrons, minimizes damage to healthy tissues - a significant advantage over conventional radiotherapy. Pharmaceutical companies are investing in boron-containing drug development, with several boron-10 based compounds currently in Phase II/III trials for various oncology indications.
REGIONAL MARKET OUTLOOK
North America
The North American market for foams sourced from recycled plastics is positioned as one of the most advanced globally, driven by stringent recycling mandates and progressive corporate sustainability goals. The U.S. and Canada have established comprehensive Extended Producer Responsibility (EPR) frameworks, which incentivize the use of post-consumer recycled plastics. Major industries such as packaging, automotive, and construction are actively integrating these foams to meet consumer demand for eco-friendly materials. of high-quality recycled plastics for foam applications by 2032.
Europe
Europe remains at the forefront of sustainable foam adoption with the EU's Circular Economy Action Plan enforcing ambitious 2030 targets for plastic recycling rates. Germany and France lead in research & development of advanced foam formulations using recycled PET and polypropylene, particularly for automotive interior applications. The construction sector's shift toward green building certifications (e.g., BREEAM) is creating strong demand for insulation foams made from recycled content.
COMPETITIVE LANDSCAPE
• Veolia Environnement SA (France)
• Suez SA (France)
• KW Plastics (US)
• Jayplas Ltd (UK)
• B. Schoenberg & Co. (US)
• B&B Plastics Inc. (US)
• Green Line Polymers (US)
• Clear Path Recycling (US)
• Custom Polymers Inc. (US))
These companies represent some of the major key players driving innovation and growth in the market, contributing significantly to global supply and competitive dynamics.
DOWNLOAD FREE SAMPLE PDF
About Us
Founded in 2015, 24chemicalresearch is a trusted name in global chemical industry intelligence. We specialize in delivering high-quality market research reports, empowering over 30+ Fortune 500 clients with data-driven insights for strategic growth. Our team of experienced analysts delivers customized, reliable, and timely research backed by a rigorous methodology. From mining regulatory trends to forecasting market opportunities, our reports help companies navigate industry challenges, stay competitive, and grow confidently.
As a one-stop platform for the chemical sector, we offer:
• Deep specialization in chemical market analysis
• Customized reports tailored to your needs
• A robust portal with free samples, consulting, and competitive insights
