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Industrial Foam Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Covestro AG, BASF SE, Dow Inc., Huntsman Corporation, Sekisui Chemical Co. Ltd., Saint-Gobain
Industrial Foam Global Market Report
The Business Research Company's Industrial Foam Global Market Report 2023 identifies the growing demand for energy-efficient and lightweight materials is expected to propel the industrial foam market. Lightweight materials are manufactured using lightweight raw materials that directly reduce the weight of the material while maintaining its performance. Industrial foam is a type of lightweight material made up of tiny cells filled with gas or air and used in applications such as insulation, packaging, and construction.
The global industrial foam market size is expected to grow from $59.07 billion in 2022 to $63.90 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The industrial foam market size is expected to reach $83.61 billion in 2027 at a CAGR of 7.0%.
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Major players in the industrial foam market are Covestro AG, BASF SE, Dow Inc., Huntsman Corporation, Sekisui Chemical Co. Ltd., Saint-Gobain, Chemtura Corporation, Recticel N.V, Rogers Corporation, Trelleborg AB, FoamPartner Group, Eurofoam Group, Woodbridge Foam Corporation, Tosoh Corporation, Hanwha Chemical Corporation, ACH Foam Technologies LLC, Arkema, Mitsui Chemicals Inc., and Toray Industries.
A key trend in the Industrial Foam market includes the technological advancement are the key trends gaining popularity in the industrial foam market. Major companies operating in the market are focused on developing new technological solutions to lead the market.
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The Industrial Foam market is segmented -
1) By Foam Type: Flexible, Rigid
2) By Resin Type: Polyurethane, Polystyrene, Polyolefin, Phenolic, PET, Other Resin Types
3) By End-Use: Building And Construction, HVAC, Industrial Pipe Insulation, Marine, Aerospace, Industrial Cold Storage, Others End-Uses
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Industrial Foam market.
The Business Research Company's "Global Industrial Foam Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Foam Market Include:
1. Executive Summary
2. Industrial Foam Market Characteristics
3. Industrial Foam Market Trends And Strategies
4. Industrial Foam Market - Macro Economic Scenario
5. Industrial Foam Market Size And Growth
……
27. Industrial Foam Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Foam Market
29. Industrial Foam Market Future Outlook and Potential Analysis
30. Appendix
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