Felton, 29 November
2019 - Polymer Foam Market size is
estimated to reach USD 144.46 billion by 2025 and is anticipated to grow with a
CAGR of 4.0% during the forecast period. Polymer foam is a combination of gas
and solid phase together formed by the dispersion of gas in a polymer matrix.
The factors that are playing a major role in the growth of
polymer foam market are energy conservation & energy sustainability, the
rising demand from end-users, and the rising demand for polymer foam from the
Asia Pacific. However, the fluctuations in raw material costs may restrain the
overall market growth in the years to come. Polymer foam industry is segmented
based on type, application, and region.
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The polymer foam market is segmented by type comprising
Melamine foam, polyurethane (PU) foam, polyolefin foam, polystyrene foam,
phenolic foam, polyvinyl chloride (PVC) foam. Polyurethane (PU) foam sector
accounted for the substantial market share of polymer foam and estimated to
lead the overall market in the years to come. The reason could be the high
demand from end-users like packaging, automotive, building and construction,
and others.
The polymer foam market categorized based on applications
like marine, packaging, rail, building & construction, automotive, wind,
furniture & bedding, and others. Building and construction accounted for
the substantial market share of polymer foam and is estimated to lead the
overall market in the years to come attributing to increase in product
applications for wire and cables, insulation purposes, molding, and others.
Also, automotive and packaging sector is estimated to grow at the faster pace
in the years to come.
Globally, Asia Pacific accounted for the substantial market
share of polymer foam and is estimated to lead the overall market in the years
to come. The reason behind the overall market growth could be the developments
in automotive and building & construction industry, the rising focus on
research and development sector, government initiatives, and expansion of
packaging and automobile industries in developing countries. Also, the growing
foreign investment may also boost the overall market in the years to come. The
developing countries like India and China are the major consumers of polymer
foam in this region.
The key players of polymer foam industry are Recticel Group,
BASF SE, Armacell International S.A., Woodbridge Foam Corporation, Zotefoams
PL, JSP Corporation, Sealed Air Corporation, and Borealis AG. These players are
concentrating on inorganic growth to sustain themselves amidst fierce
competition.
Market Segment:
Polymer Foam Type
Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Polyurethane
(PU) Foam
• Polystyrene Foam
• Polyvinyl
Chloride (PVC) Foam
• Phenolic Foam
• Polyolefin Foam
• Melamine Foam
• Others
Polymer Foam
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
• Packaging
• Building &
Constructions
• Furniture &
Bedding
• Automotive
• Rail
• Wind
• Marine
• Others
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