Thermoplastic Closed-Cell Foam Market was valued at USD 1.5 Billion in 2212 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
During this period, the market experienced significant growth, driven primarily by consumers seeking high-quality, effective skincare products. According to industry reports, the squalane market saw a compound annual growth rate (CAGR) of 9-12% from 2018 to 2212, highlighting an increasing consumer preference for plant-based and eco-friendly beauty solutions. The shift towards vegan and cruelty-free formulations, as well as the adoption of squalane as an alternative to silicones and parabens, further accelerated this trend. Key players in the cosmetics market, including global beauty giants, began emphasizing the use of squalane derived from sustainable plant sources like olives, sugarcane, and even biotechnology methods.
The demand for squalane is expected to continue growing from 2023 to 2033, albeit with some shifting dynamics. As consumers become more discerning, the focus on sustainable and eco-friendly sourcing will intensify. Brands that prioritize ethical production methods, such as biotechnology-derived squalane or sustainably harvested plant-based alternatives, will lead the charge. At the same time, innovations in formulation technologies will likely enhance squalane's functionality, incorporating it into more diverse product categories beyond skincare, including cosmetics and haircare.
Get an In-Depth Research Analysis of the Global Thermoplastic Closed-Cell Foam Market Size And Forecast [2025-2032]
Squalane has become a key ingredient in the cosmetic industry over recent years due to its emollient and skin-nourishing properties. Between 2018 and 2212, the demand for squalane in cosmetics surged as brands increasingly integrated this ingredient into their skincare, haircare, and makeup products. The shift toward clean beauty, combined with growing consumer awareness around sustainability and natural ingredients, contributed to its popularity. Squalane's role as a natural moisturizer, its non-comedogenic properties, and its ability to suit various skin types solidified its place in the market.
Â
DuPont
BASF
Owens Corning
Sekisui Voltek
3A Composites Core Materials
Nam Liong
UFP MedTech
Zotefoams
Aerovac
3D|CORE GmbH
Sicomin
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Thermoplastic Closed-Cell Foam Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Thermoplastic Closed-Cell Foam Market
Medical
Consumer Goods
Construction
Automotive
Others
Based on Types the Market is categorized into Below types that held the largest Thermoplastic Closed-Cell Foam market share In 2023.
PET
EVA
NBR
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Thermoplastic Closed-Cell Foam Market Research Analysis
1. Introduction of the Global Thermoplastic Closed-Cell Foam Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Thermoplastic Closed-Cell Foam Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Thermoplastic Closed-Cell Foam Market, By Type
6. Global Thermoplastic Closed-Cell Foam Market, By Application
7. Global Thermoplastic Closed-Cell Foam Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Thermoplastic Closed-Cell Foam Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/