Press release
Polymer Foam Market Outlook 2024: Exclusive Report By The Business Research Company | Sealed Air Corporation, Arkema Group, Armacell International SA, Borealis AG, Polymer Technologies Inc
Polymer Foam Market Characteristics
The Business Research Company offers in-depth market insights through Polymer Foam Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The polymer foam market size has grown strongly in recent years. It will grow from $107.36 billion in 2023 to $113.49 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to growth in construction and building industry, consumer electronics demand, expansion of aerospace industry, increasing use in furniture and bedding, medical and healthcare applications..
The polymer foam market size is expected to see strong growth in the next few years. It will grow to $141.31 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to urbanization in developing regions, renewable and biodegradable polymer foams, focus on disaster-resilient construction, demand for high-performance insulation, energy efficiency initiatives.. Major trends in the forecast period include advancements in polymer foam technologies, innovation in flexible foam products, integration of nanotechnology, customized solutions for end-use industries, smart packaging solutions..
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Market Segmentation:
The polymer foam market covered in this report is segmented -
1) By Type: Polyurethane Foam, Polystyrene Foam, PVC Foam, Phenolic Foam, Polyolefin Foam, Melamine Foam, Other Types
2) By Form: Flexible Foam, Rigid Foam
3) By Application: Packaging, Building And Construction, Furniture And Bedding, Automotive, Rail, Wind, Marine, Other Applications
Major Driver - Building And Construction Boom Fuels Growth In Polymer Foam Market
The growth of building and construction activities is expected to propel the polymer foam market going forward. Building and construction refer to the manufacturing and trade related to building, repairing, renovating, and maintaining infrastructures. They are involved in the construction of buildings and the assembly of any infrastructure at a site. Polymer is used as insulation, roofing, and sealant material in building and construction and they help in air-sealing and insulating the buildings and improve a building's strength, so an increase in building and construction activities will propel the market growth. For instance, in September 2021, according to reports published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42 %, or $4.5 trillion, to reach USD 15.2 trillion. Furthermore, in the 2022 U.S. Construction Cost Trends report, in the U.S., there is a rise in residential construction which will continue to drive up demand for materials and labor, escalating competition and cost pressures. In the U.S., total construction spending has increased by 16% since the pandemic's onset. Therefore, the growth of building and construction activities is driving the polymer foam market.
Competitive Landscape:
Major companies operating in the polymer foam market report are Sealed Air Corporation, Arkema Group, Armacell International SA, Borealis AG, Polymer Technologies Inc, Zotefoams plc, Synthos S A, BASF SE, TotalEnergies SE, KANEKA CORPORATION, Toray Industries Inc, Saudi Basic Industries Corporation, Huntsman International LLC, SEKISUI ALVEO AG, Covestro AG, Fritz Nauer AG, Koepp Schaum GmbH, JSP Corporation, Lanxess AG, Tosoh Corporation, DowDuPont Inc., Recticel NV, Rogers Corporation, Woodbridge Foam Corporation, Trelleborg AB, BAE Systems Plc, Honeywell International Inc., Elbit Systems Ltd., Spongex, Genesys Aero systems .
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https://www.thebusinessresearchcompany.com/report/polymer-foam-global-market-report
Top Trend - Polymer Foam Market Driven By Product Innovative Programmable And Expandable Solutions
Product innovations are a key trend gaining popularity in the polymer foam market. Major companies operating in the polymer foam market are focused on developing newly programmable and expandable polymer foam such as products made of electron beam cross-linking, recycled products, and others to strengthen their position. For instance, in June 2021, Desktop Metal, a US-based technology company that designs and markets 3D printing systems, launched programmable and expandable polymer foam 'FreeFoam'. It is uniquely designed with heat-activated foaming agents which are 3D printed with Digital Light Processing (DLP) and is programmed to expand up to 2 to 7 times its original size. It enables new design freedom and also delivers a high-strength-to-weight ratio that can produce light, high-performing parts for cars and other products.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Polymer Foam Market Characteristics
3. Polymer Foam Market Trends And Strategies
4. Polymer Foam Market - Macro Economic Scenario
5. Polymer Foam Market Size And Growth
…..
27. Polymer Foam Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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