Foam Plastics Market to Witness Huge Growth by Key Players: BASF SE, Covestro, Huntsman International LLC, The Dow Chemical Company, Wanhua Chemical Group Co Ltd and Others.

According to Market Study Report, Foam Plastics Market provides a comprehensive analysis of the Foam Plastics Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry.This report also provides market landscape, technological trends and market share information in the Foam Plastics Market.

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The Foam Plastics Market is projected to grow from USD 51.3 Billion in 2020 to USD 65.4 Billion by 2025, at a CAGR of 4.8% between 2020 and 2025. This report spread across 174 pages, profiling 26 companies and supported with 119 tables and 38 figures are now available in this research.

Top Companies Profiled in the Foam Plastics Market:
• BASF SE (Germany)
• Covestro (Germany)
• Huntsman International LLC (US)
• The Dow Chemical Company (US)
• Wanhua Chemical Group Co.Ltd. (China)

“Building & construction segment is projected to be the largest end use market of foam plastics.”
The building & construction industry is expected to lead the overall foam plastics end use market, in terms of value, between 2020 and 2025. Building & construction applications include forging, doors, roof board, and slabs.

“Polyurethane resin is the fastest-growing segment of the foam plastics market.”
PU resins are used to manufacture foams which are available in a wide range of rigidity, hardness, and density levels. Low-density flexible foams are used in upholstery, bedding, automotive and truck seating, and novel inorganic plant substrates for roof or wall gardens.

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“APAC is estimated to be the largest market for foam plastics during the forecast period.”
APAC is projected to be the largest and the fastest-growing market for foam plastics during the forecast period. The region encompasses countries with different levels of economic development. The market growth in the region is mainly attributed to its high economic growth rate and heavy investments across industries, such as building & construction, packaging, furniture& bedding, automotive, footwear, and sports & recreational.

Breakdown of primary participants’ profile:
• By Company Type: Tier 3 – 18%, Tier 2 – 46%, and Tier 1 – 36%
• By Designation: D Level – 27%, C Level – 18%,and Others – 55%
• By Region: APAC – 45%, North America – 18%, Europe – 9%, South America- 9%,and the Middle East & Africa– 9%

Competitive Landscape of Foam Plastics Market:
1 Overview
2 Competitive Scenario
2.1 Mergers & Acquisitions
2.2 New Product Launch
2.3 Investment & Expansion
2.4 Partnership & Agreement

Research Coverage:
The foam plastics market has been segmented based on type (polyurethane, polystyrene, polyolefin, phenolic, and others),end-use industry (building & construction, packaging, automotive, furniture & bedding, footwear, sports & recreational, others), and region (APAC, Europe, North America, Middle East &Africa, and South America). The end-use industry segments are further analyzed for each country in the respective regions.

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This release was published on openPR.