Global Polymer Foam Market Size was calculated at 106 billion in 2017 and is estimated to reach at a CAGR of 4.13% during the forecast period due to increasing application demand in multiple industries like packaging, furniture and bedding, and automotive sectors are projected to boost the production of the polymer foam. 

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

The mixture of solid and gas process together that is resulted form called polymer foams. It is extremely lightweight and versatile, highly durable, mildew resistant and dermatologically friendly due to these properties it is mostly used by consumer applications as well polymer foams are very safe. Polyurethane (PU) are mostly used in automotive, building and construction and marine sectors, PU foams is offer more flexible properties such as durable, lightweight, versatile, and resistant to corrosion and vibration, recyclable. The Polymer foams market is widely used in various passenger car to make lightweights, fuel-efficient and durable design these factors are projected to boost healthy demand for polymer foams in automotive industry.  

The high recyclability, clean incineration and greater sustainability are most benefits factors to environment, additionally most of the countries governments and federal organizations are growing concerns regarding health effects from polyurethane. But new research and development in polymer such as bio-based polyols and non-toxic isocyanates which is generated PU foams demand from various segments. Bayer and Dow chemical multinationals companies developing new innovative manufacturing process to improve production yield.

Market Dynamic

Global Polymer Foam Market Size was valued nearly USD 106 billion by 2017 and is estimated to reach up to USD XX.XX billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.13% during the forecast period, i.e. 2017-2025 due to increasing application demand in multiple industries like packaging, furniture and bedding, and automotive sectors are projected to boost the production of the polymer foam.

Emerging economies across globe, particularly in Asia Pacific countries increasing their production facilities to meet growing demands from various industries. Developing countries such as China and India generating highest demand due to their high GDP growth rates are anticipated to wide range of growth in automotive, construction, pharmaceuticals and manufacturing applications. All these factors are likely to push the demand in several related industries.   

In 2017, Polyurethane foam was dominated the market and is projected to maintain healthy growth during the forecast analysis period owing to its used in various manufacturing sectors such as furniture, cushions, and carpets. It has wide demand from end user due to its superior properties such as lightweight, low heat and sound transfer, high-energy dissipation, and insulation are boosting market demand in coming years. Expanded polystyrene foam has very lightest materials owing to its high strength to weight ration mostly used in packaging applications. Same as it is used in rail sector like construction rail platform extension and rail embankment. This is major factor boost the Asia Pacific and Middle East and Africa market over the forecast timespan. 

Segment Analysis

Building and construction segment was hold the largest share and is projected the dominance of the market during forecast period owing to increasing infrastructure activities in Asia Pacific region which is reflected demand from applications, such as carpet padding, fibers, chair cushions, mattress padding, and furniture.   

Automotive is second largest segment which is estimated to be fastest growing sectors over the forecast period due to its increasing use in various automotive materials such as dashboards, power trains, and suspension bushings. The U.S automotive industry recovering growth, same time increasing automotive production in developing countries such as India and China, is projected to be positive impact on the overall industry growth. Packaging is estimated to witness significant growth followed by automotive during analysis timeframe. 

Reginal Analysis

The global polymer foam market is regionally classified into North America, Europe, South America, Africa, and Asia-Pacific. North America market was valued at significant and is anticipated to be witness healthy growth over the forecast timespan due to rising demand for polyurethane and polystyrene foams from various applications such as building and construction and marine are impacting positive growth sign for polymer foam market on the overall growth analysis in coming years.   

Global Polymer Foam Market Size, Share Analysis By Region 2017

In 2018, Polymer foam market for Asia Pacific was the largest shareholder owing to increasing positive activists in manufacturing industry for research and development which is souring demand of the market during forecast period. Additionally, supportive government policies to attract new investment, giving stability to startup are projected to boost regional market expansion. Expanding manufacture facilities, increasing production of interiors or parts, and packaging sectors in developing economies such as India and China, are estimated to push demand over the forecast timespan.

Global Polymer Foam Market Study Objective

1. To forecast the market size of polymer foam market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of polymer foam market on the basis of region, substrate and application or end-use industry.

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

4. Regional analysis of polymer foam 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 polymer foam market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of polymer foam market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of polymer foam market commercially.

Key Players

The market is segmented into various global and regional players, such as CIRES SpA, Sealed Air, Vulcan Corporation, and Premier Foam, and well-established global manufacturers, including DowDuPont Inc.; BASF SE; and Armacell International S.A. etc. The manufacturers such as Sekisui, and JSP Corporation predominantly have presence in Asia and cater to the consumers in Asia Pacific.  

Global Polymer Foam Market Study Report Offer You!

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