Polymer Foams Market

Introduction of the Polymer Foam Market Report

A polymeric foam is a foam, in liquid or solidified form, formed from polymers. Polymer foams are manufactured in a number of distinct ways. Examples are through slab-stock by pouring, extrusion and different forms of molding. Rising construction activities globally has propelled the overall market growth.

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Market Dynamic

Key Drivers and Emerging Trends

The growing demand from the core applications is a factor which is responsible for the rapid growth of the market globally. Polymer based foams is widely used in a wide range of products, such as pipe covers, roll coverings, facades, food-packaging, which has helped in lifting up the overall market. In addition, the rising influence of sustainable building materials acted as fuel for the growth of the market. Furthermore, significant technological advancements, such as the introduction of bio-based polyols and non-toxic isocyanates, are also likely to promote polymer foam demand in several applications. Existing and new market entrants are thus compelled to innovate or improve their current production processes to gain higher margins in this extremely competitive industry. Major multinationals such as Bayer and Dow Chemical Company have developed innovative manufacturing processes and raw materials to reduce dependence on conventional fossil-fuel based resources and to improve production yield. Moreover, it is expected that the outbreak of COVID-19 will be seen in the whole year of 2020, and a few months in 2021, which is expected to disrupt the production and supply chain globally which may hamper the growth of the polymer foams market. As, Polymer Foam products are extensively used in these industries, the declining operations of these industries is directly affecting polymer foam market growth.

Restraint in the Polymer Foam Market

However, rising concerns over the sustainability of polymer-based products is a factor which is likely to hamper the growth of the market.

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Type – Segment Analysis

Based on the type, polyurethane foam is witnessed to grow at a higher CAGR in the market over the forecast period. It has a wide customer base owing to its superior capabilities, such as lightweight, low heat and sound transfer, high-energy dissipation, and insulation. Increasing demand for residential and commercial space in Southeast Asian countries such as Singapore, Korea, and Indonesia is further expected to fuel product demand in construction applications.

Application – Segment Analysis

Based on the application, building and construction is witnessed to grow at higher CAGR in the market over the forecast period. This is due to the increasing applications of polymer foam for molding, pipe, and in wires cables. Furniture and bedding will remain the second largest segment owing to increasing applications such as in carpet padding, fibers, chair cushions, mattress padding, and furniture.

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Regional – Segment Analysis:

Based on the regional coverage, North America is witnessed to grow at a higher CAGR in the market over the forecast period. This is due to the rising demand for polystyrene foams and polyurethane in the U.S., which has contributed to the growth of the market. According to the U.S. Department of Housing and Urban Development, new residential housing completions increased from approximately 900 thousand units in 2014 to 1,200 thousand units in 2018, which has significantly contributed to the growth of the market. In addition, strategic investments in Americas chemical industry has also added pace to the regional growth of the market.

Top Market Players

Various notable players operating in the market, include, 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, among others. 

Key Developments:

• • In 2019, BASF SE, developed new innovation capabilities with an investment of around USD 38 million at the Innovation Campus Shanghai to offer new process catalysts to the chemical industry including polyurethane (PU) integral foam solutions, which has helped in expanding the portfolio of the company.

Segments covered in the Report:

The global polymer foam market has been segmented on the basis of type, application, and regions. Based on type, the market is segmented into polyurethane foam, polystyrene foam, pvc foam, phenolic foam, polyolefin foam, melamine foam, and others. Based on application, the market is segmented into packaging, building & construction, furniture & bedding, Automotive and Transportation, wind, and others. 

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Key questions answered in this research report:

• • At what pace is global polymer foam market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in polymer foam market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global polymer foam market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various application areas of global polymer foam market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	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, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Polymer Foam Market by Type

• • Polyurethane Foam
  • Polystyrene Foam
  • Pvc Foam
  • Phenolic Foam
  • Polyolefin Foam
  • Melamine Foam
  • Others

Global Polymer Foam Market by Application

• • Packaging
  • Building & Construction
  • Furniture & Bedding
  • Automotive and Transportation
  • Wind
  • Others

Global Polymer Foam Market by Region

• • North America Polymer Foam Market (Option 1: As a part of the free 25% customization)
    • North America Polymer Foam Market by Type
    • North America Polymer Foam Market by Application
    • US Polymer Foam Market All-Up
    • Canada Polymer Foam Market All-Up
  • Europe Polymer Foam Market (Option 2: As a part of the free 25% customization)
    • Europe Polymer Foam Market by Type
    • Europe Polymer Foam Market by Application
    • UK Polymer Foam Market All-Up
    • Germany Polymer Foam Market All-Up
    • France Polymer Foam Market All-Up
    • Spain Polymer Foam Market All-Up
    • Rest of Europe Polymer Foam Market All-Up
  • Asia-Pacific Polymer Foam Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Polymer Foam Market by Type
    • Asia-Pacific Polymer Foam Market by Application
    • China Polymer Foam Market All-Up
    • India Polymer Foam Market All-Up
    • Japan Polymer Foam Market All-Up
    • Rest of APAC Polymer Foam Market All-Up
  • RoW Polymer Foam Market (Option 4: As a part of the free 25% customization)
    • RoW Polymer Foam Market by Type
    • RoW Polymer Foam Market by Application
    • Brazil Polymer Foam Market All-Up
    • South Africa Polymer Foam Market All-Up
    • Saudi Arabia Polymer Foam Market All-Up
    • UAE Polymer Foam Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Polymer Foam Market All-Up

Major Players Operating in the Polymer Foam (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 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