Polymer Foam Market: Global share with valued market with top keywords and forecast 2022-2028
According to a new report published by UnivDatos Markets Insights, the Polymer Foam Market was valued at more than USD 100 billion in 2020 and is expected to grow at a CAGR of around 4% from 2022-2028. The analysis has been segmented into Type (Polyurethane, Polystyrene, Polyolefin, Phenolic, and Others); Application (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, and Others); Region/Country.
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The polymer foam market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the polymer foam market. The polymer foam market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the polymer foam market at the global and regional levels.
Market Overview
Polymer foams or plastic foams consist of gaseous and solid phase and have wide range of applications in automotive, furniture, construction, and other areas. The market is growing with increase in construction activities worldwide. According to the Confederation of International Contractors’ Association, the global construction industry is valued at about US$ 7 Trillion and employs around 120 million people.
Factors such as a surge in construction activities are driving the market growth. According to U.S. Energy Information Administration, 2014, buildings accounted for approximately 35% to 40% of total energy consumed in developing nations. In addition, the market is highly competitive, and companies are actively offering products in the market. For instance, in September 2022, Covestro began offering polyether polyols using bio-circular feedstock together with renewable toluene diisocyanate (TDI) and climate-neutral methylene diphenyl diisocyanate (MDI). The company supplies these two raw materials to produce polyurethane (PU) foams based on alternative raw materials.
Some of the major players operating in the market include SABIC; BASF SE; Covestro AG; Sealed Air Corporation; Recticel NV; Rogers Corporation; Kaneka Corporation; DowDuPont Inc.; Polymer Technologies, Inc.; and Armacell International S.A.
COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the manufacturing industry as manufacturers were unable to operate at full strength, which has led to a decrease in production capacity.
The global polymer foam market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on type, the market is segmented into polyurethane, polystyrene, polyolefin, phenolic, and others. The polyurethane category is holding a dominant share of the market and is expected to grow with a high CAGR during the forecast period. Polyurethane (PU) foams have various characteristics including durablity, lightweight, versatile, resistant to corrosion and vibration, recyclable, and offer a high level of freedom in geometric design. PU foams are widely used in various passenger car seat cushions, gasket seals, arm rests, head rests, cushioned instrument panels, airbags, and other components to create lightweight, fuel-efficient, and durable structures. Owing to the above factors and their broad application scope, polyurethane foams are expected to witness significant demand in the market.
· On the basis of application, the market is segmented into building & construction, packaging, automotive, furniture & bedding, footwear, and others. The building & construction category is expected to hold a significant share in the market in 2020. Polymer foam is utilized in the building components, including doors, roofs, sealants, and foundations of doors and windows. Apart from this, the surge in construction activities in developed, as well as developing countries, is also driving the market growth during the forecast period. For instance, the ‘Housing for All’ initiative by the Government of India aims to build 20 million affordable houses for the urban poor by 2022. This initiative is expected to significantly boost residential construction across the country.
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Polymer Foam Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America is anticipated to grow at a substantial CAGR during the forecast period. The major factors such as
The major players targeting the market include
· SABIC
· BASF SE
· Covestro AG
· Sealed Air Corporation
· Recticel NV
· Rogers Corporation
· Kaneka Corporation
· DowDuPont Inc.
· Polymer Technologies, Inc.
· Armacell International S.A;
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Polymer Foam market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the polymer foam market?
• Which factors are influencing the polymer foam market over the forecast period?
• What are the global challenges, threats, and risks in the polymer foam market?
• Which factors are propelling and restraining the polymer foam market?
• What are the demanding global regions of the polymer foam market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
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Table Of Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE POLYMER FOAM MARKET
6 POLYMER FOAM MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY REGION
10 POLYMER FOAM MARKET DYNAMICS
11 POLYMER FOAM MARKET OPPORTUNITIES
12 POLYMER FOAM MARKET TRENDS
13 DEMAND AND SUPPLY-SIDE ANALYSIS
14 VALUE CHAIN ANALYSIS
15 COMPETITIVE SCENARIO
16 COMPANY PROFILED
17 DISCLAIMER
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UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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