Polyolefin Foam Market Growth Statistics 2022-28

The global polyolefin foam market size was valued at USD 8,378.9 million in 2021 and is expected to grow at a significant CAGR of 5.8% during the forecast period 2022 to 2028. As the most significant family of polymers in terms of production and consumption, polyolefins-which comprise polyethylene (PE), polypropylene (PP), and their derivatives are categorized as commodity polymers. They have a wide range of uses because of their low price and diverse set of qualities. Because of their excellent balance of hardness, flexibility, and resistance to chemicals and abrasion, they make excellent foam polymers. Polyolefin foams are made up of a variety of components that are mixed together while being kneaded by an organic blowing agent and a cross-linking agent. By thermally decomposing it in a confined atmosphere, polyolefin resin is produced. Any substance generated from an olefin monomer is referred to as polyolefin, which is a general term.

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Polyolefin Foam Market Growth Factors:
The growing demand for polyolefin foam has been assisted by the rise in usage of dental disposable foam trays, wound dressing, prosthetic pads, orthopaedic pads, and wheelchair pads. Thermal insulation, waterproofing, moisture resistance, and heat insulation are just a few of the qualities that polyolefin foam possesses. The creation and progress of medical equipment has increased the need for polyolefin foam based on polypropylene and ethylene vinyl acetate resins. In the food and beverage business, polyolefin foam is used for a variety of applications, including fruit foam trays, packaging foam inserts, protective pads, and protective packaging solutions. The need for polyolefin foam made of both polyethylene and polypropylene will eventually rise with the expansion of the food and beverage industry. As a result, the market for polyolefin foam is anticipated to grow over the course of the forecast period due to the rising need for packaging for food and beverage goods.

The global polyolefin foam market segmentation:
1) By Technology: Extrusion Foaming, Blown Moulding Foaming, Injection Moulding Foaming, Beads Foaming.
2) Resin Type: Polypropylene, Polyethylene, Ethylene-Vinyl Acetate.
3) By Application: Automotive, Packaging, Construction, Others.

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Polyolefin Market Regional Analysis:
The expanding construction and automotive sectors are to blame for Asia-Pacific having the largest market for polymer foam worldwide. Growing infrastructure investment from the public and commercial sectors is a factor in the region's growth, as is the population's rising demand for better furnishings and interiors as a result of rising living standards in Asia. The market is expanding as a result of rising automotive vehicle sales in countries like China, India, Japan, South Korea, and others.

Key players' profiles in the polyolefin market report are Arkema, Armacell, BASF SE, Bayer AG, Borealis AG, Covestro AG, Dow, DuPont, Fritz Nauer AG.

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