Feb 16, 2021: The global structural foam market size is expected to value at USD 42.2 billion by 2025. The market is subject to witness a substantial growth due to the rising infrastructure activities, growing residential & commercial construction industry and substantial growth of retail sector. Additionally, the growing need for structural foam in material handling, automotive, and electrical & electronics industry from BRICS (Brazil, Russia, India, China and South Africa) countries are expected to drive the growth of the market over the forecast period.
Globally, the structural foam market is predicted to grow at CAGR of 5.8% in forecast period, providing numerous opportunities for market players to invest in research and development in the market. Structural foams offer advantages such as lightweight and superior weight to strength ratio, mainly in comparison with the solid plastics. Such factors are largely influencing demand of the structural foams. Other advantages of structural foams include stability, conductivity, heat resistance, and toughness, which are vital in applications such as wind turbines, automobile equipment, and insulation purposes.
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Increasing adoption of structural foams in material handling equipment that is commonly used for small distance travel for industrial goods within the production plant, thus expanding overall market reach of the structural foam industry over the forecast period. Other applications of the structural foam include packaging services, shipbuilding, wind power, and consumer goods, such factors are playing critical role in the growth of structural foam market in the last couple of years.
However, variation in the cost of the raw materials and shifting preference towards biodegradable plastics as a reliable substitute replacing non-biodegradable foam are expected to limit market growth over the forecast period. Yet, large corporations are increasingly setting up supply partnerships and implementing forward and backward integration in the supply chain network, thus driving market growth in the last couple of years. Although, changing fuel prices, increasing demand for premium quality products at cheap rates and growing competition in the market are further restraining market progress to a certain extent.
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Polyethylene is considered as one fastest growing segment in the structural foam industry with substantial revenue generation in the last couple of years. Growing popularity of the polyethylene foam market segment is credited to the factors such as lightweight, durability, heat resistance and a closed-cell material composition. Polyethylene is widely used in the packaging of delicate products and automobile parts, thus fostering market value in the recent years.
Rigid polyurethanes has also witnessed substantial growth in the last couple of years owing to increase in adoption as a structural material. Rigid polyurethanes has also displayed important properties such as toughness, lightweight, and resilience. Rigid polyurethanes also provide protection against chemical reactions and moisture effects thus making it an ideal choice for various application such as building & product insulation.
Growing demand for structural foams in the automobile sector are expected to fuel market growth over the forecast period. Additionally, introduction of lightweight composites and its advantages are expected to boost market demand for structural foam in upcoming years as well. Recently, integration of the structural foam into various parts of a vehicle like body-side joints, chains, ledges, under body cross-vehicle frame, longitudinal frames or frame bars, machine cradles, body-side rails, door panels and hydro-formed reinforcements.
The structural foam market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption of latest technologies in construction & building industry and existence of well-established industrial infrastructure.
Asia-Pacific region is predicted to hold major market share in the structural foam industry with massive growth in forecast period. Countries such as India, China and Indonesia are leading the Asia-Pacific’s market with high economic growth, ever-growing population, increasing standard of living, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the structural foam industry are Armacell International S.A., Diab International AB, Evonik Industries AG, Covestro AG, and Gurit Holding AG.
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The global structural foam market size is expected to value at USD 42.2 billion by 2025.
The market is subject to witness a substantial growth due to the rising infrastructure activities, growing residential & commercial construction industry and substantial growth of retail sector.
Structural foams offer advantages such as lightweight and superior weight to strength ratio, mainly in comparison with the solid plastics.
Other advantages of structural foams include stability, conductivity, heat resistance, and toughness, which are vital in applications such as wind turbines, automobile equipment, and insulation purposes.Request a Free Sample Copy of Structural Foam Market Report @ https://www.millioninsights.com/industry-reports/structural-foam-market/request-sampleIncreasing adoption of structural foams in material handling equipment that is commonly used for small distance travel for industrial goods within the production plant, thus expanding overall market reach of the structural foam industry over the forecast period.
Other applications of the structural foam include packaging services, shipbuilding, wind power, and consumer goods, such factors are playing critical role in the growth of structural foam market in the last couple of years.However, variation in the cost of the raw materials and shifting preference towards biodegradable plastics as a reliable substitute replacing non-biodegradable foam are expected to limit market growth over the forecast period.
Yet, large corporations are increasingly setting up supply partnerships and implementing forward and backward integration in the supply chain network, thus driving market growth in the last couple of years.
With the rise in Global Loader Crane Market, the need for niche Market has grown by a staggering rate.
Report on the Global Loader Crane Market highlights the detailed study of market containing production, overview, dimensions, producers, value, price, income, deals, growth rate, consumption, export, import, sales revenue, supply, future plans and the technological developments for the comprehensive analysis of the Global Loader Crane Market.
In addition, Loader Crane Market report effectively provides required features of the global market for the population and for the business looking people for mergers & acquisitions, making investments, new vendors or concerned in searching for the appreciated global market research facilities.
Gain Full Access of Global Loader Crane Market Report with complete TOC at https://www.orbisresearch.com/reports/index/loader-crane-market-insights-2019-global-and-chinese-analysis-and-forecast-to-2024.
This ensures utmost accuracy and is developed considering the Market trends and challenges.
Chapter One: Introduction of Loader Crane Industry
The global Vulnerability Assessment and Penetration Testing Market is forecasted to reach USD 23.56 Billion by 2027, according to a new report by Reports and Data.
The market is witnessing increased demand due to the rise in industrial IoT, steady shift towards digitalized manufacturing from traditional ones, growth in awareness for resource optimization, and stringent regulatory compliances.The growth in the vulnerability assessment is due to the rise in the number of cyber-attacks, and growing adherence to regulatory compliance is also boosting the market demand.
However, factors such as data privacy, high initial cost, and security concerns are hampering the growth of the market.Consumer electronics have witnessed tremendous development in recent years, which has propelled the usage of smart devices.
The emergence of IoT and artificial intelligence has also encouraged the use of smart devices in commercial and personal use.
Moreover, advancement in technology and the development of the latest technologies has spurred the adoption of the market.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3677Competitive Analysis of the Vulnerability Assessment and Penetration Testing Market:The Vulnerability Assessment and Penetration Testing market is further segmented into key players operating in the Vulnerability Assessment and Penetration Testing industry.
The major companies profiled in the report include IBM, Qualys, AT, Rapid7, Micro Focus, McAfee, Acunetix, Netsparker, Rhino Security Labs, and Tripwire, among others.
According to the latest report by IMARC Group “Biochar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global biochar market exhibited strong growth during 2015-2020.
Biochar is a carbon-rich product that is obtained by burning organic materials, including wood, leaves or animal manure, at a controlled temperature in an environment with limited oxygen availability.
It is a fine-grained material that is considered to be a cleaner and more efficient alternative to other types of charcoal for converting carbon into a stable form.
It is widely utilized across the agricultural sector for enhancing agricultural productivity and minimizing the atmospheric greenhouse effect.Request for a free sample copy of this report: https://www.imarcgroup.com/biochar-market/requestsampleNote: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
Biochar is increasingly used in the sector to enhance soil quality and crop yield by improving the water quality and quantity as well as soil retention of nutrients and agrochemicals.
With the inflating disposable income levels of the masses and an enhanced focus on sustainable development, there has been a considerable rise in sales of organic fruits and vegetables, thereby providing an impetus to the market growth.
