Polymer Foam Market forecasts regional growth by 2025
Building & construction deemed to be a
profitable quotient for polymer foam market as the product is primarily used
for thermal and acoustic insulation. Polymer foams are suitable to roofs and
walls for new homes and remodeling existing home.
According to the U.S.
Department of Energy, traditional foam requires more energy consumption while
product reduce the consumption, maintain uniform temperature and reduce noise
levels. The walls made from polymer foams are thin and provide excellent insulation
which reduces the construction cost as well as utility bills. Asia Pacific
building & construction sector will grow at substantial rate owing to rapid
urbanization coupled with high disposable income will spur the product market
in next six years down the line.
Polymer Foam Market Size will witness a
profitable gain owing to use of product in myriad end-user segment including
furniture & bedding, building & construction, automobile &
transportation and others.
Polymer foams is the mixture of various
polymer resins, gas and solid phase. The commonly used resins during the
product manufacturing include polyurethane, polyvinyl chloride (PVC), phenolic
resins, polystyrene, etc. The other raw material includes refined petroleum
solutions, inorganic chemicals. Polymer foams are developed by incorporation of
gas in a solid phase resulting in air incorporated porous structure.
The
product market will grow at rapid pace due to the unrivalled properties of
product such as strength to weight ratio, light weight, outstanding acoustic
and thermal insulation, cushioning effect and high shock absorbing capacity.
Moreover, these products are less costly than metallic foams or fiber glass
which increase the polymer foam market demand during the forecast timeframe.
Based on type, polymer foam market is
bifurcated into rigid and flexible. Flexible foam accounted for more than half
of the overall market owing to its low cost and easy application. These are
commonly used in building & construction, footwears, sport & recreations,
textiles and others.
On product basis, Polymer Foam Market is
diversified into polyurethanes, polystyrene, polyvinyl chloride, phenolic
resins, polyolefins, and melamine. The other niche product includes micro
cellulose, polyimide chloroprene, etc. Among these, polyurethane will have
largest market share and will grow at a significant growth rate owing to
increasing construction and renovation activities in North America.
Asia Pacific held major chunks of the product
market share and will grow at a substantial growth rate owing to rapid
industrialization in developing nation such as India, and China. Various
initiative by the government to increase the manufacturing activities in their
region will bolster the product market. For instance, Indian government has
taken various initiatives such as ‘Make in India’, ‘Digital India’ and allow
FDI to increase the manufacturing units in India. This will surge the
manufacturing activities and further spur the polymer foam market by the end of
2024.
The major players in the Polymer Foam Market
are Armacell International, Ach Foam Technologies, BASF, PAR Group, Roger
Corporations, SABIC, The Dow Chemical Company, Toray Industries, Total, Foam
Partner Group, Simona America, Borealis, Dyplast Products, Polymer
Technologies, Sealed Air, and Synthos.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Polymer Foam Market forecasts regional growth by 2025
Reviewed by snehal
on
July 03, 2019
Rating:
Reviewed by snehal
on
July 03, 2019
Rating:
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