Allied Market Research published a report, titled, "Polymer Foam Market by Type (Polyurethane (PU) Foam, Polyethylene (PE) Foam Polypropylene (PP) Foam, Ethylene-Vinyl Acetate (EVA), and Others) and Application (Furniture and Bedding, Transportation, Packaging, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global polymer foam industry generated $83.9 billion in 2019, and is expected to reach $134.1 billion by 2027, witnessing a CAGR of 6.0% from 2020 to 2027.
Prime determinants of growth
Growing application of polymer foam in building and construction business, surge in demand for polymer foam in electronics packaging, and increase in disposable income drive the growth of the global polymer foam market. However, availability of wide range of eco-friendly substitutes hinders the growth of the market. On the other hand, advancements in additive manufacturing for polymer foams create new growth opportunities.
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Covid-19 Scenario
- The outbreak of covid-19 negatively impacted the global polymer foam market. The prime factors for degraded growth include hold of large number of construction projects and suspended manufacturing facilities.
- The demand for polymer foam from end using industries have been decreased owing to several lockdown measures. Disrupted supply chain, on the other hand, further interrupted the market.
- However, various regions are implementing relaxations on the current regulations, thereby aiding the industries to resume their workings.
The polyurethane (PU) foam segment would lead the trail throughout the forecast period-
Based on type, the polyurethane (PU) foam segment accounted for the largest share in 2019, holding nearly three-fifths of the global polymer foam market, and is expected to maintain its leadership status throughout the forecast period. This is owing to growing application of polyurethane in automotive, furniture and construction applications. However, the polypropylene (PP) foam segment is estimated to grow at the highest CAGR of 6.4% from 2020 to 2027, owing to surge in demand for diverse range of applications, such as cushion packaging, athletic pads, and floatation device.
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The furniture and bedding segment to continue its highest contribution by 2027-
Based on application, the furniture and bedding segment contributed to the highest share in 2019, accounting for more than three- fifths of the total share of the global polymer foam market, and is expected to continue its highest contribution by 2027. Growing application of polymer foams in hospitals, hotels, and commercial residence and good load-bearing capability drives the growth of the segment. However, the packaging segment is projected to witness the highest CAGR of 11.3% during the forecast period. This is attributed to rise in demand of various lightweight polymer foams in food and electronics packaging applications.
Asia-Pacific to continue its dominant share by 2027, North America to grow at a significant pace-
Based on region, Asia-Pacific held the largest share in terms of revenue, accounting for nearly half of the global polymer foam market share in 2019, and will continue its dominant share during the forecast period. In addition, the region is also projected to portray the highest CAGR of 6.4% from 2020 to 2027, owing to owing to increasing warfare activities. Moreover, the North America region is anticipated register a CAGR of 5.5% from 2020 to 2027.
Leading Market Players
- BASF SE, Dow Inc.
- Kaneka Corporation
- Recticel
- Rogers Corporation
- Huntsman Corporation
- Covestro AG
- Sealed Air Corporation
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This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the polymer foams market includes Arkema, Armacell International S.A., BASF SE, Borealis AG, Foam Partner Group, Ineos Styrenics International Sa, JSP Corporation, Recticel Group, Rogers Corporatio, Sealed Air Corporation, Sekisui Alveo AG, Synthos S.A., The DOW Chemical Company, Woodbridge Foam Corporation, and Zotefoams PLC.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Polymer Foams Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/polymer-foams-market/download-sampleMarket DynamicsSome of the market trends that have been observed in the polymer foams are increased use of polymer foam in automotive, construction, infrastructure development, and others.
Also, the growth in the R activities along with the rising demand for carbon-based polyols and the development of bio-based polyols are projected to offer new opportunity growth to the market.
On the other side, fluctuating price of raw material and stringent government rules and regulations is likely to hamper the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
Global Polymer Foams MarketThe GMI Research forecasts that the Polymer Foams Market is witnessing an upsurge in demand over the forecast period.
This is mainly due to the remarkable increase in the demand from different industry verticals such as furniture, construction, and automotive.Request a free sample of this ReportIntroduction of the Polymer Foams MarketPolymer foams or foamed plastics, consist of a solid and gaseous phase formed from polymers.
One of the extensively used polymer foams is polyurethane foams, owing to its low density and thermal conductivity.
They are manufactured in many different ways like slab-stock by pouring, extrusion and different forms of molding.Key Players of the Global Polymer Foams Market:Arkema GroupRecticel NVBASF SEArmacell International S.A.Koepp Schaum GmbHPolymer Technologies, Inc.Borealis AGRogers CorporationFritz Nauer AGJSP CorporationPolymer Foams Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)The major driver responsible for the growth of the global polymer foams market includes its wide usage across a different range of products, which include pipe covers, roll coverings, facades, and food packaging.
The growing influence of sustainable building materials and the robust demand from key application areas are some other factors contributing to the enlargement of the market.Furthermore, the widespread outbreak of the coronavirus pandemic has negatively influenced market growth by disrupting the production process and supply chain throughout the world.
These products are increasingly used across these sectors.
Allied Market Research published a new report, titled, " Polymer Foams Market by Structure (Closed Cell, Open Cell Foams), Resin Type (Polyurethane Foam, Polystyrene Foam, Polyvinyl Chloride Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, & Others) and End User (Automotive, Building & Construction, Packaging, Electronics, Furniture & Bedding, & Others) - Global Opportunity Analysis and Industry Forecast, 2020-2027."
The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape.
This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
These insights help to devise strategies and create new opportunities to achieve exceptional results.
These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
o Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
Global Polymer Foams Market revenue and volume for a period ranging in between 2015 to 2025, where 2015 to 2017 imply the historical value with forecast between 2018 and 2025.
The global polymer foam market report also includes qualitative insights of the market such as Porter’s Five Forces analysis, value chain, in-depth manufacturing process, company’s competitive landscape, drivers and restraints.
Insulation helps to effectively close air leaks and seal gaps and maintain indoor air temperature, eventually reducing energy costs.
Flexible foams are used in manufacturing of bedding, furniture, carpet and packaging materials.” Request Sample Copy of This Research Report: https://adroitmarketresearch.com/contacts/request-sample/628Global Polymer Foams Market: Key Players like Armacell International S.A, BASF, Borealis AG, Polymer Technologies, Inc., Arkema Group, E. I. du Pont de Nemours and Company, Zotefoams plc, Synthos SA, Sekisui Alveo AG and JSP Corporation.The Polymer Foams Market growth is primarily accelerated by the rising number of off shore wind turbines.
The region is estimated to witness fastest growth rate over the forecast period on account of accelerating demand from automotive, construction, manufacturing and packaging industries.Key segments of the Global Polymer Foams MarketTypes Overview, 2015-2025 (USD million) (Kilo tons)Polyurethane FoamPolystyrene FoamPVC FoamPhenolic FoamPolyolefin FoamMelamine FoamOthersApplication Overview, 2015-2025 (USD million) (Kilo tons)PackagingBuilding & ConstructionsFurniture & BeddingAutomotiveOthersRegional Overview, 2015-2025 (USD million) (Kilo tons)North AmericaEuropeAsia PacificRest of the WorldGet more details about Global Polymer Foams Market:https://adroitmarketresearch.com/industry-reports/polymer-foams-marketSome Key Highlight Points from TOC:Chapter 1.
Company ProfilesWho should buy this report?The report on the global polymer foam market is suitable for all the players across the value chain including industries such as building & construction, automobiles, packaging, furniture & bedding.Venture capitalists and investors looking for more information on the future outlook of the global polymer foams marketConsultants, analysts, researcher, and academicians looking for insights shaping the global polymer foams marketFor Any Query on the Polymer Foams Market:https://adroitmarketresearch.com/contacts/enquiry-before-buying/628 About US: Adroit Market Research is an India-based business analytics and consulting company.
The Global Polymer Foams Market Report is a comprehensive and in-depth study on the size, share, growth,trends, demand and estimation with a focus on the latest development.
The report provides key statistics on the market status with highlights on various important strategic such as mergers, acquisitions, partnership and other development.The broad polymer foams market has been sub-grouped into structure, resin type and end-user.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Global Polymer Foams Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/polymer-foams-market/download-sampleBy ProductClosed Cell FoamsOpen Cell FoamsBy Resin TypePolyurethane FoamPolystyrene FoamPolyvinyl Chloride FoamPhenolic FoamPolyolefin FoamMelamine FoamOthersBy End-UserAutomotiveBuilding & ConstructionPackagingElectronicsFurniture & BeddingOthersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the polymer foams market includes Arkema, Armacell International S.A., BASF SE, Borealis AG, Foam Partner Group, Ineos Styrenics International Sa, JSP Corporation, Recticel Group, Rogers Corporatio, Sealed Air Corporation, Sekisui Alveo AG, Synthos S.A., The DOW Chemical Company, Woodbridge Foam Corporation, and Zotefoams PLC.
