The global Polymer Foam Market is projected to grow from USD 122.95 Bn in 2021 to 168.44 Bn by 2030, at a CAGR of 3.56% in forecast period, 2022-2030.
The polymer foam offers features suitable for high integration in multiple applications such as lightweight, high thermal insulation, resistance to impact, and damping properties. Thus, such foams are highly utilized in automotive, electronic, packing industry, aerospace, bedding, building construction, and medical applications
Polymeric foam is a type of foam that contains polymers in fluid or solid form. Moreover, the demand for polymeric foam has rapidly increased in recent times due to its excellent strength-to-weight ratio, lightweight, and high thermal and acoustic insulating features. Additionally, the strong cushioning, efficient energy absorption capacity and other comfortable features offer lucrative opportunities for high integration in multiple applications such as extended rubbers, sponges, or cellular elastomers. Furthermore, foams give subsequent heat insulation and sounder features as compared to solid polymers.
Polymer Foam Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Type (Polystyrene, Polyurethane, Polyolefin, Melamine, Phenolic, PVC), By Application (Furniture and Bedding, Transportation, Packaging, Construction, Others), and companies (Rogers Corporation, SEKISUI ALVEO AG, Synthos S.A., DowDuPont, Inc, Trelleborg AB, Zotefoams plc, Woodbridge Foam Corporation, Sealed Air Corporation, Arkema Group, Armacell International S.A, BASF SE, Borealis AG, Fritz Nauer AG, Koepp Schaum GmbH, JSP Corporation, Polymer Technologies, Inc., Recticel NV.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 3.56%, over the forecast period of 2022–2030
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||168.44 Billion|
|By Type||Polystyrene, Polyurethane, Polyolefin, Melamine, Phenolic, PVC|
|By Application||Furniture and Bedding, Transportation, Packaging, Construction, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Rogers Corporation, SEKISUI ALVEO AG, Synthos S.A., DowDuPont, Inc, Trelleborg AB, Zotefoams plc, Woodbridge Foam Corporation, Sealed Air Corporation, Arkema Group, Armacell International S.A, BASF SE, Borealis AG, Fritz Nauer AG, Koepp Schaum GmbH, JSP Corporation, Polymer Technologies, Inc., Recticel NV.|
The COVID-19 pandemic has had a substantial negative influence on the Polymer Foam market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Rogers Corporation, SEKISUI ALVEO AG, Synthos S.A., DowDuPont, Inc, Trelleborg AB, Zotefoams plc, Woodbridge Foam Corporation, Sealed Air Corporation, Arkema Group, Armacell International S.A, BASF SE, Borealis AG, Fritz Nauer AG, Koepp Schaum GmbH, JSP Corporation, Polymer Technologies, Inc., Recticel NV.
Market Segment Analysis:
- Polypropylene (PP)
- Ethylene-Vinyl Acetate (EVA)
- Polyurethane (PU)
- Polyethylene (PE)
- Furniture and Bedding
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Polymer Foam industries in the region.
Key Polymer Foam Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Polymer Foam Market segments.
– Largest Market Share Held by Industry to Industry for Polymer Foam
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Polymer Foam Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
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There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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