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Industrial Foam Market to Witness Huge Growth by Key Players: Covestro AG, BASF SE, Dow Inc, Huntsman Corporation, Trelleborg AB

01-28-2022 03:50 PM CET | Industry, Real Estate & Construction

Press release from: ReportsnReports

Global Industrial Foam Market 2022-2026, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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Industrial Foam Market by Foam Type (Flexible, Rigid), Resin Type (Polyurethane, Polystyrene, Polyolefins, Phenolic, Pet), End-Use Industry and Region (North America, APAC, Europe, MEA, South America) - Global Forecast to 2026. The industrial foam market size is estimated at USD 55.6 billion in 2021 and is projected to reach USD 72.2 billion by 2026, at a CAGR of 5.4% between 2021 and 2026.

The report provides a comprehensive analysis of company profiles listed below:
• Covestro AG (Germany)
• BASF SE (Germany)
• Dow Inc. (US)
• Huntsman Corporation (US)
• Sekisui Chemical Co. Ltd. (Japan)
• Saint-Gobain (France)
• Chemtura Corporation (Lanxess) (US)
• Recticel NV/SA (Belgium)
• Rogers Corporation (US)
• Trelleborg AB (Sweden)
• FoamPartner Group (Switzerland)
• Eurofoam Group (Austria)
• Woodbridge Foam Corporation (Canada)
• Tosoh Corporation (Japan)
• Foamcraft Inc. (US)
• Loyal Group(China)
• JSP Corporation(Japan)
• Sealed Air Corporation (US)

“Aerospace as an end use industry of industrial foam is projected to grow at the highest CAGR during the forecast period”
The aerospace industry is estimated to account for the second-largest share of the industrial foam market in 2021 and is projected to be the fastest-growing type segment from 2021 to 2026. The growth is due to rising use of a high percentage of PMI, silicones, and metal foams in new-generation aircraft by aircraft manufacturers.

“PET as resin type is anticipated to grow at the highest CAGR during the forecast period”
PET foam is anticipated to grow at the highest CAGR in global industrial foam market from 2021 to 2026. PET foam is projected to register the highest CAGR during the forecast period, this is due to a surge in demand for PET foam in Asia Pacific due to increasing demand from the wind energy industry.

“Asia-Pacific is projected to grow at the highest CAGR during the forecast period”
Increasing demand for industrial foam from the rapidly growing industrial sector in the Asia Pacific region is one of the major factors responsible for the highest share and CAGR of this region. The industrial foam market in Asia-Pacific is driven by the easy availability of raw materials, increased foreign investments, and low labor costs. The end-use industries of industrial foams, such as building & construction, HVAC, and aerospace, are growing in emerging countries such as China, India, Indonesia, and Thailand, which play an important role in driving the market.

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Competitive Landscape of Industrial Foam Market:
1 Key Players’ Strategies/Right To Win
2 Revenue Analysis
3 Market Share Analysis
4 Company Evaluation Matrix
4.1 Star
4.2 Emerging Leaders
4.3 Pervasive
4.4 Participants
5 Competitive Benchmarking
6 Small And Medium-Sized Enterprises (Sme) Matrix, 2020
6.1 Progressive Companies
6.2 Starting Blocks
6.3 Dynamic Companies
6.4 Responsive Companies
7 Competitive Benchmarking
8 Competitive Scenario And Trends
8.1 Product Launches
8.2 Deals

Research Coverage:
This report offers an overview of market trends, drivers, and challenges with respect to the industrial foam market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and South America. The report categorizes the industrial foam market on the basis of foam type, resin type, end-use industry and region.

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