Global Foamed Plastics Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx million over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 6.01% during the forecast period, i.e. 2017-2025.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Foamed plastics are synthetic resins that are changed into a sponge like mass with an open-cell or closed-cell structure, any of structure may be may be rigid or flexible, that are used for different products including thermal insulation, sponges, cushioning materials, panels for buildings, furniture, air filters, toys, lightweight beams and plastic boats. Under appropriate conditions almost any thermoplastic or thermosetting resin can be changed into a foam. Plastics that are commonly foamed include polyethylene, silicones, vinyls, polystyrene, phenolics, cellulose acetate, and urethanes. Foams with a closed-cell structure are manufactured by integrating a blowing agent which decomposes at the fusion point of the plastic, that releases gas bubbles which are trapped during the gelling’s. Foams having an open-cell structure are produced by combining an inert gas into the resin under pressure and which later releases the mixture to the atmosphere that cures the resulting foam.

 Market Dynamics

The foamed plastics market is majorly driven by the growing demand from automotive, furniture, bedding and packaging applications. The key driving factor for foamed plastics market are the various properties foamed plastics offer such as stiffness and strength are comparatively very high, thermal insulating properties, maintenance cost is very low, and light weight. Foamed plastics are highly flammable and releases toxic gases after the combustion and manufacturing cost and production time are the key factors that are anticipated to hamper the market growth in near future.

Market Segmentation

The foamed plastics market has been categorized into type, end-use industries and geography. On the basis of type the market is segmented into polystyrene foam, PVC foam, polyolefin foam, melamin foam, polyurethane foam, and phenolic foam among others. Based on end-use industries the market is categorized into infrastructure, automotive, packaging, furniture & bedding, footwear, and sports & recreational among others. Polystyrene foam is further categorized into expandable polystyrene foam, and extruded polystyrene foam. Polyolefin foam is further divided into polyethylene foam, polypropylene foam and EVA form. Polyurethane is anticipated to hold the largest market share over the forecast period. Flexible polyurethane foam will lead the market, owing to the growing demand due to its alternatives through 2025 due to the growing demand from bedding and carpet industries. Rigid polyurethane is gaining the high demand as it is one of the most effective materials that is available for insulated windows and doors, roof and wall insulation, and air barrier sealants.

Regional Analysis

The global foamed plastics market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. North America accounted for the highest market share in the year 2017. The infrastructure sector is anticipated to enjoy particularly robust growth projections, as a significant growth in construction activity is expected to generate noteworthy growth opportunities for foam insulation products. Rapid growth in new housing activities, coupled with rising consumer spending, will further enhance the foams used in various household products such as furniture, bedding, and appliances. Asia Pacific is anticipated to grow with a highest CAGR during the forecast period. This is majorly driven due to the various regulations put up by governing bodies in this region, such as China came up with a regulation regarding the increase in the usage of insulation materials in the automotive industries.

Global Foamed Plastics Market Size, Share Analysis By Region 2017

Global Foamed Plastics Market Study Objective

1. To forecast the market size of foamed plastics market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of foamed plastics market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of foamed plastics market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of foamed plastics market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the foamed plastics market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

The key players in foamed plastics market Recticel, The DOW Chemical Company, Armacell international S.A., JSP, BASF SE, Rogers Corproration, Arkema, Borealis AG, Zotefoams PLC, Sealed Air and Synthos S.A among other key players.

Global Foamed Plastics Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.