The global Polymer Foam market is forecast to reach USD 146.91 Billion by 2027, according to a new report by Reports and Data. The industry is expected to be driven by growing demand from the automobile, manufacturing, and building industries. Polymer foams are commonly used in a range of structural constructions in combination with other materials, high strength foam furniture, rigid insulation sheets, vehicle frames, fabric underlays, upholstery padding, and wrapping, among others.
Polymer foams are incredibly lightweight and flexible; they are highly durable, resilient to mildew, and dermatologically safe. Such features make them safe and acceptable for many consumer applications. Polyurethane (PU) foams are robust, lightweight, flexible, and corrosion and friction resistant, recyclable, and provide a high degree of geometric design flexibility. PU is widely used for the development of lightweight, fuel-efficient, and robust systems in various passenger vehicle seat cushions, gasket seals, armrests, headrests, cushioned control panels, airbags, and other parts. The low melting strength of such products, especially polypropylene, has generally restricted this segment 's expansion on the global market.
The growing emphasis on biodegradable foam production due to strict environmental legislation across the globe has opened up new business possibilities for manufacturers. The costs of manufacturing such biodegradable forms are, however, higher than those of petroleum-based chemicals. It would also take the producers a few years to fully embrace this model.
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The report offers crucial information about key manufacturers and end-use industries to provide a competitive edge to readers and clients. Key companies profiled in the report include: BASF SE, Woodbridge Foam Corporation, Borealis AG, Sealed Air Corporation, Zotefoams PL, Armacell International S.A., Arkema Group, Fritz Nauer AG, and Recticel Group, among others.
The report includes an in-depth analysis of the competitive landscape and covers comprehensive overview of the company profiles along with the product portfolio, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also studies the recent mergers and acquisitions, joint ventures, collaborations, partnerships, and other strategic alliances undertaken by key companies to gain a robust footing in the market.
Materials and chemicals industry includes a broad range of commodity manufacturing industries. Growing demand for raw materials from various end-use industries have been boosting the need for discovery, development, and processing of raw materials. Rapid progress of construction sector and pharmaceutical industry have significantly accelerated revenue growth of the materials and chemicals industry. Increasing demand for materials and chemicals from food and beverages, paints and coatings, automobile, and plastics industries, among others have also added to revenue growth. In addition, increasing product launches, technological advancements, and growing demand for consumer personal care products such perfumes, soaps, and cosmetics have accelerated market growth.
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Polymer Foam Market Segmentation:
The research report on the Polymer Foam market provides a comprehensive analysis of the major product types and applications in the Polymer Foam market. The report also offers details about market share and market value held by each application and product type.
Type Outlook (Revenue, USD Billion; 2017-2027)
- Polystyrene Foam
- Polyurethane foam
- Pvc Foam
- Phenolic Foam
- Polyolefin Foam
- Melamine Foam
- Others
Foam Type Outlook (Revenue, USD Billion; 2017-2027)
- Rigid
- Flexible
Application Outlook (Revenue, USD Billion; 2017-2027)
- Packaging
- Building & Construction
- Furniture & Bedding
- Automotive
- Rail Wind
- Marine
- Others
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In addition, rising collaborations, mergers, joint ventures, and development of highly advanced chemicals and materials are key factors contributing to market growth. Advent of eco-friendly chemicals owing to rising awareness about environmental effects of chemicals and materials has accelerated development activities and expanded application scope of chemicals and materials. Brand promotions, product launches, manufacturing and licensing agreements, and other strategic initiatives are driving industry growth in key regions of the world.
Regional analysis offers extensive insights about market reach and scope in each region covering North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The sections offers information about production and consumption patterns, demand and supply, import/export, government regulations, and presence of key companies in each region.
Regions covered by the report:
- North America (U.S.A., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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