Press release
Global Structural Foam Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028
The global structural foam market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period (2022-2028). The significant growth in the demand of structural foam from construction industry across the globe is a key driver to the growth of the global structural foam market. In developing regions, the residential construction industry is growing at a rate of healthy growth due to the increase in incomes of middle-class people, creating greater opportunities for structural foam market growth. However, volatile price volatility and increased environmental safety concerns are some of the factors that are expected to undermine market growth.A full report of Global Structural Foam Market is available at: https://orionmarketreports.com/global-structural-foam-market/105003/
The automotive industry is another major consumer of structural foam. The increasing demand of structural foam from automotive industry is further driving the market growth. With the ongoing research to develop lightweight vehicle compounds, the use of this key component in the automotive sector is expected to grow rapidly. The structural foam made of expanded polystyrene, Acrylonitrile Butadiene Styrene, polyethylene, polyurethane, etc., is injected into side members, frames, sills, and cross-car frames, longitudinal structure or frame rails, engine cradles, side rails, door panels, and hydro formed reinforcement in cars. According to the International Energy Agency, 3.29 million electric vehicles were used worldwide in 2018, and the number is expected to rise to 125 million by 2030. The growth in the automotive industry will be accompanied by growth in the structural foam market.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
ByProduct
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-Armacell, Covestro AG, Diab International AB, PSI Molded Plastics, and Bayer Material Science, among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Structural Foam Market Report by Segment
By Product
Polyethylene
Polypropylene
Polystyrene
Polyurethane
Others
By Application
Material Handling
Building & Construction
Automotive
Electrical & Electronics
Others
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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