Polymer Foam Market Forecast to 2023: Leading Global Competitors - BASF SE, TORAY INDUSTRIES, INC., The Dow Chemical Company, Recticel NV, Rogers Corporation, Arkema S.A., Total S.A., SABIC, Synthos S.A., Zotefoams plc

Market Overview:

Polymers are manufactured by incorporating gas into a solid phase resulting into smooth, fluid like material. The final product has polymer matrix with air tunnels acting like a porous structure. In the recent years, polymer foams resume to grow at rapid pace owing to their light weight, strength to weight ratio, excellent thermal and acoustic insulation capabilities, nullifying the impulsive impacts by absorbing energy, and cushioning features. These features have wide applications in the construction and transportation industry.

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As per our Analysis, important factors that contribute in the Global Polymer Foam Market growth include rapid increase in construction activities owing to the Global Construction Market is expected to grow at a faster pace than world GDP over the next decade.

Recently, researchers found that polyurethane foams are showing signs of biodegradation in the presence of fungus, which is expected to rise the market growth of polymer foams.

Intended Audience:

• Polymer Foam Manufacturers
• Traders and Distributors of Polymer Foam
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

Regional Analysis:

The Polymer Foams Market is divided into five regions across the world namely; Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Asia Pacific is estimated to be the largest Polymer Foams Market followed by North America and Europe due to strong existence of crude oil reserves which bridges the raw material demand gap.
In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for Polymer Foams, and is estimated to grow with the same pace over the forecast period. Improving living standards along with the flourishing growth of construction sector is predicted to contribute to the regional market growth.

In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for Polymer Foams in automobile manufacturing.
In North America, the U.S is a major contributor in the regional market growth due to expansion of offshore and onshore activities as well as increasing product innovations.

Segmentation:

The Global Polymer Foam Market is categorized on the basis of type, product type, and end user industry.

On the basis of type, the market is bifurcated into flexible and rigid.

On the basis of product type, the market is segmented into polyurethane (PU), polystyrene (PS), polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC) and others
.
On the basis of end user industry, the polymer foam market is categorized into construction, transportation, furniture, packaging, and textiles.

Key Global Competitors:

Some of the prominent players operating in the Global Polymer Foam Market are; BASF SE (Germany), TORAY INDUSTRIES, INC. (Japan), The Dow Chemical Company (U.S.), Recticel NV (Belgium), Rogers Corporation (U.S.), Arkema S.A. (France), Total S.A. (U.S.), SABIC (Saudi Arabia), Synthos S.A. (Poland), and Zotefoams plc (U.K).

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