Global
Polyolefin Foam Market is expected to grow at a significant CAGR in the
upcoming years as the scope and its applications are rising enormously across
the globe. A polyolefin is a class of polymers produced from a simple olefin
also termed as alkene through polymerization. Polyolefin foam contains an
organic blowing agent and a cross-linking agent. This foam is versatile,
lightweight, and eco-friendly. It is exclusively used in the interior casing of
airplane and auto parts, food industry, building and construction, and
furniture & bedding.
The Key Factor That
Drives the Growth of Polyolefin Foam Market Research Report by Trends,
Applications, Analysis, Growth, and Forecast: 2017 to 2022
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Polyolefin Foam Market is
segmented based on product types, applications, and region. Product types such
as Ethyl Vinyl Acetate (EVA) Foam, Polypropylene (PP) Foam, Polyethylene (PE)
Foam, and others classify the market. Applications into Building and
Construction, Automotive, IT Rerated, Medical, and others classify Polyolefin
Foam Industry. Polyolefin Foam Market is segmented geographically Americas
(North America, Latin America), Europe (Eastern Europe, Western Europe), Asia
Pacific, Latin America, Middle East and Africa.
Globally, North America
accounts for the largest market share of Polyolefin Foam Market and is
estimated to lead the overall market in the upcoming years. The reason being,
rising demand for applications like automotive, furniture & bedding, and
packaging. The United States is the major consumer of Polyolefin Foam Market in
this region. Europe and Asia Pacific follow suit. Europe accounts for the
second largest overall market share of the industry. On the other hand, Asia
Pacific is estimated to grow at fastest pace in the upcoming years. The
emerging countries like China and India are the major consumer of market in
this region. The reason being, improving the standard of living and increment
in per capita income.
Polyolefin Foam
Market Segmentation on the basis of component:
- Industrialization
- Developing Industry
- Urbanization
- Technological Innovations
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Top Key players include: - BASF, Toray Plastics, Zotefoams, SEKISUI
CHEMICAL, Carefoam, Primacel, O.K. Company S.A, Trocellen, and Armacell.
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