Global polymer foam market is expected to reach USD 154.65 Billion by 2026, at a CAGR of 4.06% from 2019 to 2026. Growing utilization of polymer foam in the various industries such as packaging, furniture, bedding and demand for the lightweight fuel efficient cars is essentially driving the global polymer foam market.
Polymer foam in its simplest form is a mixture of solid and gas phases of a polymer. Polymer foams are obtained by incorporating gas into a solid phase resulting into smooth, fluid like material. This final product has polymer matrix with air tunnels acting like a porous structure. Polymeric foams are commonly used in structural applications due to the weight saving and stiffening capabilities they can offer in the design. These materials are extremely lightweight and versatile, corrosion resistant, highly durable, mildew resistant, and dermatologically-friendly. Thus, making them useful in various application industries. Growing demand for the polymeric foam materials from the automobile, shipping, and construction sector is expected to fuel the growth of the market over the forecast period.
Global Polymer Foam Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
The global polymer foam market has been segmented on the basis of type and application.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The Asia Pacific region emerged as the largest market for the polymer foam with a 40.28% share of market revenue in 2018.
Global Polymer Foam Market Competitive Analysis:
Key players in the global polymer foam market are Arkema Group, Armacell International S.A., BASF SE, Borealis AG, Fritz Nauer AG, Koepp Schaum GmbH, JSP Corporation, Polymer Technologies, Inc., Recticel NV, Rogers Corporation, Sekisui Alveo AG, Synthos S.A., Bayer AG, Covestro, DowDuPont, Inc., Trelleborg AB, Zotefoams plc, Woodbridge Foam Corporation, and Sealed Air Corporation among others. In order to comply with stringent environmental regulation imposed on the polyurethane foam industry, major players are focusing on launching newer ecofriendly products. For instance in 2017, Addivant™ launched NAUGARD® FOAMPLUS, new ultra-low emissive antioxidant solutions for flexible polyurethane foams in automotive applications. NAUGARD® FOAMPLUS LE portfolio comprises ultra-low emissive stabilization packages enabling the entire value chain to be compliant with the ever-stricter national legislations on vehicle indoor air quality (VIAQ).
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global polymer foam market on the basis of below mentioned segments:
Global Polymer Foam Market by Type:
Global Polymer Foam Market by Application:
Global Polymer Foam Market by Region:
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