The global polymer foam market size is expected to reach USD 153.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.8% over the forecast period. Rising demand from automotive and building and construction industries is likely to drive the market. Rigid types are primarily used as an insulation material in construction and refrigeration applications. They are energy-efficient and help in cutting energy costs. Flexible types are mainly used as a cushioning material in transportation, furniture, bedding, carpet underlay, and packaging, among others. Rising focus on development of biodegradable foams owing to stringent environmental regulations across the globe has opened new market opportunities for manufacturers. Manufacturing cost of these biodegradable types is still higher than petroleum-based chemicals. Therefore, it will take a couple of years for manufacturers to completely adopt this variant.
On the basis of type, polystyrene foam was the largest segment in 2019 and accounted for 31.8% of the global revenue. Expanded polystyrene-based products have excellent shock absorbing properties and are preferred in storing, packaging, and transporting of electrical equipment, cooked food, and perishable goods. They are also preferred in various marine floatation applications, including construction of floating docks, surfboards, and boat stands.Polyolefin foams, including polypropylene and polyethylene, are expected to witness significant expansion in the forthcoming years. Traditionally, low melt strength of these products, particularly polypropylene, limited the growth of this segment in the global polymer foam market. Several technologies including post-reactor radiation and compounding modifiers method have been introduced by various polyolefin manufacturers, such as Borealis and LyondellBasell Industries Holdings B.V. The aim is to improve the strength of polyolefins to meet the requirements of wind energy applications, including spar webs and shell panels, and marine applications like vibration control and cushion seats. Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the burgeoning growth in construction, automotive, and wind energy industries in China and India. Growth of the automotive and building and construction industries in Europe is expected to drive the demand for polymer foam over the forecast period.
Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/polymer-foam-market
Polymer Foam Market Report Highlights
• On the basis of type, polyolefin is estimated to emerge as one of the fastest-growing segments over the forecast period as product penetration has increased over the past few years in the flooring and automotive industries. Companies such as Sekisui Alveo AG, Armacell International S.A., and Borealis AG produce polyolefin foams in rolls and sheets that are environmentally friendly, versatile, and lightweight
• Building and construction was the largest application segment in 2019 and accounted for 37.9% of the overall volume
• Asia Pacific is estimated to witness the highest growth over the forecast period on account of surging demand from the manufacturing sector in countries like India, China, and Indonesia
• Key players operating in the market for polymer foam include BASF SE, Woodbridge Foam Corporation, Borealis AG, Sealed Air Corporation, Zotefoams PL, Armacell International S.A., and Recticel Group.
Get Sample Copy Of This Report @ https://www.grandviewresearch.com/industry-analysis/polymer-foam-market/request/rs1
Polymer Foam Market Segmentation
Grand View Research has segmented the global polymer foam market on the basis of type, application, and region:
Polymer Foam Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
-
Polyurethane
-
Polystyrene
-
PVC
-
Phenolic
-
Polyolefin
-
Melamine
-
Others
Polymer Foam Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
-
Packaging
-
Building & Constructions
-
Furniture & Bedding
-
Automotive
-
Rail
-
Wind
-
Marine
-
Others
Polymer Foam Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
-
North America
-
U.S
-
Canada
-
Mexico
-
-
Europe
-
Germany
-
France
-
Italy
-
U.K.
-
Spain
-
Russia
-
-
Asia Pacific
-
China
-
India
-
Japan
-
South Korea
-
Singapore
-
Indonesia
-
-
Central & South America
-
Brazil
-
-
Middle East & Africa
Speak to Analyst @ https://www.grandviewresearch.com/inquiry/1320/ibb
About Grand View Research
Grand View Research is a market research and consulting company headquartered in San Francisco, which offers syndicated research reports, customized research reports, and consulting services to clients across a number of industries, including healthcare, materials, chemicals, energy, technology, and food and beverage, among others.
Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/polymer-foam-market