Press release
Polyolefin Foam Market Size, Outlook, Prominent Players, Share, Challenges and Forecast 2032 | Arkema, Armacell, BASF SE, Dow Inc
Polyolefin is a type of polymer that emanates from a simple olefin by polymerization. These foams are lightweight, environmentally friendly, and multifunctional. Sheets and rolls are made from polyolefin. Building and construction, automotive, bedding and furniture, and packaging industries all utilize polyolefin foam. Multiple components are molded together to create polyolefin foams.
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Factors Influencing Market Growth
- The increased demand from the automotive industry is pushing the demand for the polyolefin foam market.
- The demand for polyolefin foam in the automotive industry is high due to its versatility in applications such as headliners, gaskets, cushioning, and cables.
- Also, environmental regulations charged on several industrial sectors boost the growth of polyolefin foams.
- Due to instabilities in raw material prices, the effects of the recession are expected to have a negative influence on the growth of the polyolefin market.
- The investment will raise the building construction activity, which will lead to the growth in demand for polyolefin foam during the forecast period.
Impact of COVID-19
The impact of the COVID-19 pandemic has halted the processing of raw materials utilized in the production of polyolefin foam. Also, due to the imposed lockdown and other restrictions, the global polyolefin foam market experienced exponential growth. The expansion of the majority of the polyolefin foam market led to growth in the healthcare, construction, and different chemical industries.
Regional Analysis
In 2022, Asia-Pacific dominated the polyolefin foam market in terms of revenue and is anticipated to expand during the forecast period because of the increased demand from the automotive, construction, and packaging industries.
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Leading Companies
The leading prominent companies profiled in the global polyolefin foam market are: -
- Arkema
- Armacell
- BASF SE
- Dow Inc
- DuPont
- Hanwha solutions
- Huzhou Changyuan Tefa Co., Ltd.
- Intecfoams
- Kaneka Corporation
- NMC International SA
- SABIC
- Sekisui Chemicals Co
- Toray Industries, Inc
- TotalEnergies
- Ultralon
- Zotefoams Plc
- Furukawa Electric Co., Ltd
- Ds Smith Plc
- Sonoco Products Company
- Recticel NV
- Borealis AG
- Trocellen GmbH
- JSP Corporation
- Other prominent key players
Segmentation Outline
The global polyolefin foam market segmentation focuses on Resin Type, End Use Industry, and Region.
Segmentation based on Resin Type
- Polypropylene
- Polyethylene
- Ethylene Vinyl Acetate
Segmentation based on End Use Industry
- Automotive
- Packaging
- Construction
- Others
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
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Analyze market outlook with recent trends and SWOT analysis.
Dynamic market scenario along with market growth opportunities for the coming years.
Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
Regional and national analyzes integrating supply and demand forces that are influencing market growth.
Market value (millions of dollars) and volume (millions of units) data for each segment and sub-segment
Competitive scenario involving the market share of the main players, along with the new projects and strategies adopted by the players in recent years.
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