Polymer foams are extremely lightweight and versatile, highly durable, mildew resistant, and dermatologically friendly. These properties make them safe and recommendable for numerous consumer applications. Polyurethane based foams are widely used in building and construction, automotive, and marine industries. Polyurethane (PU) foams are durable, lightweight, versatile, and resistant to corrosion and vibration, recyclable, and offer high level of freedom in geometric design. PU is increasingly 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 Asia Pacific automotive industry.
Polymer Foam Market Trends
- PU is the dominant foam used in the building & construction industry for insulation
- It has low heat conduction coefficient, low density, low water absorption, and relatively good mechanical strength and insulating properties, which are helpful in the building & construction sector
- The COVID-19 pandemic has affected various end-use industries, and almost all divisions of the supply chain continue to be affected, which also includes the construction industry
Polymer Foam Market Outlook
- The global polymer foam market is witnessing high growth on account of growing end-use industries
- The economic growth in developing countries and growth in the major end-use industries such as building & construction, automotive, packaging, and furniture & bedding industries are leading to the growth of the market
- Polymer foams are used in the building & construction industry for forging, pipe-in-pipe, doors, roof board, and slabs
- Polymer Foam Market COVID-19 Impact
- The global pandemic of Coronavirus (COVID-19) has triggered stock market instability, tight border controls, and worldwide lockdown, leading the chemical industry, as well as large companies and governments, to restock supply chains
- The whole world is experiencing severe impact on social and financial sectors, and all global industries are facing challenges during the COVID-19 pandemic
- Rising support from governments and several companies can help in the fight against this highly contagious disease
Polymer Foam Market Regional Trends
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa. APAC is projected to be the fastest-growing market during the forecast period. The region comprises countries with different levels of economic development. The growth in the region is mainly attributed to the high economic growth rate followed by heavy investment across industries, such as building & construction, packaging, automotive, building & construction, and furniture & bedding.
Polymer Foam Market Segmental Highlights
- The report analyses the global polymer foam market based on resin type, application and geography
- In terms of resin type, the market is divided into phenolic, polyolefin, polystyrene, polyurethane and others (melamine, PVC, silicone, rubber, and polyvinylidene fluoride (PVDF))
- Various application studied in the market are automotive, building & construction, footwear, sports & recreational, furniture & bedding, packaging and others (aerospace & aviation, wind energy, refrigerator, medical, and marine)
Polymer Foam Market Key Players
The key companies in the polymer foam market are Armacell International S.A., Basf Se, Covestro Ag, Dow Chemical, Huntsman International Llc, Jsp Corporation, Recticel Nv/Sa, Rogers Corporation, Sealed Air Corporation, Zotefoams Plc, Ach Foam Technologies, Inc., Arkema S.A., Borealis Ag, Compagnie De Saint-Gobain S.A., Eurofoam Group, Foampartner, Foamcraft, Inc., Hanwha Chemical Corporation, Kaneka Corporation, Lanxess Ag, Loyal Group, Mitsui Chemicals, Inc., Polymer Technologies, Inc., Sabic, Sekisui Alveo Ag, Simona America Inc., Synthos S.A., Toray Industries, Inc., Tosoh Corporation, Trelleborg, Wanhua Chemical Group Co., Ltd., Woodbridge Technical Products Company and Wuxi Xingda Foam Plastics Materials Co. Ltd.
The report analyses the global polymer foam market based on resin type, application and geography. In terms of resin type, the market is divided into phenolic, polyolefin, polystyrene, polyurethane and others (melamine, PVC, silicone, rubber, and polyvinylidene fluoride (PVDF)). Various application studied in the market are automotive, building & construction, footwear, sports & recreational, furniture & bedding, packaging and others (aerospace & aviation, wind energy, refrigerator, medical, and marine).
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe.
Why to buy this report:
- The report offers changing market dynamics in the polymer foam market, presenting historical, current and projected market size in terms of value (USD Million)
- The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of polymer foam
- It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the polymer foam market performance
- The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of polymer foam market
