openPR Logo
Press release

Foam Plastics Market worth $65.4 billion by 2025 | Key players BASF SE (Germany), Covestro (Germany), Huntsman International LLC (US), The Dow Chemical Company (US).

03-19-2024 12:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Foam Plastics Market, Foam Plastics, Plastics Market, Plastics, APAC Foam Plastics Market, Europe Foam Plastics Market

Foam Plastics Market, Foam Plastics, Plastics Market, Plastics, APAC Foam Plastics Market, Europe Foam Plastics Market

According to recent market research the "Foam Plastics Market by Type (PU, PS, PO, Phenolic), End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports & Recreational), and Region - Global Forecast to 2025", Foam plastics are resins used in manufacturing polymer foams, which are used in various end-use industries such as building & construction, furniture & bedding, packaging, and automotive among others. The market size for Foam plastics is projected to grow from USD 51.6 billion in 2020 to USD 65.4 billion by 2025, at a CAGR of 4.8%. Foam plastics are largely used in building & construction, packaging, and furniture & bedding. The polyurethane segment is estimated to account for the largest share of the overall market due to its properties such as low heat conduction coefficient, low density, low water absorption, relatively good mechanical strength, and good insulating properties.

Browse 119 market data Tables and 38 Figures spread through 174 Pages and in-depth TOC on "Foam Plastics Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/foam-plastics-market-260352983.html

PU resin-based foam is available in a wide range of rigidity, hardness, and density levels. Low-density flexible resin-based foams are used in upholstery, bedding, automotive and truck seating, and novel inorganic plant substrates for roof or wall gardens. PU foams are mainly used in furniture & bedding and building & construction sectors. It is produced by many leading manufacturers. PU resin-based foam is a good choice for insulation and helps in reducing CO2 emissions. It is a versatile substance in terms of its properties and is, therefore, suitable for use in the construction and automotive industries. As the construction industry is growing rapidly in APAC, PU resin plays a dominant role in the growth of the overall foam plastics market in the region.

The footwear, sports & recreational segment is projected to be the fastest-growing end-use industry of foam plastics. The properties offered by foam plastics in polymer foams, such as good thermoforming capacity and creep resistance, make it suitable for use in many sporting goods such as skis, hockey sticks, snowboards, surfboards, and racing bicycle wheels. Using foam plastics in sporting goods make the final products lightweight and durable with high mechanical properties.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=260352983

APAC is the leading market for foam plastics. The growth in the region is fueled by the booming economies of China, India, Indonesia, and Vietnam. PU resin-based foams are preferred choice in the building & construction industry in APAC. It is in high demand, as it is a low-cost material that provides low heat conduction coefficient, low density, low water absorption, relatively good mechanical strength, and good insulating properties. APAC is a rapidly developing region with growth opportunities for companies willing to invest in high-growth markets.

The key players profiled in the foam plastics market report are BASF SE (Germany), Covestro (Germany), Huntsman International LLC (US), The Dow Chemical Company (US), and Wanhua Chemical Group Co., Ltd. (China).

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=260352983

BASF SE (Germany) is a diversified chemical company. The company has five business segments: Functional Materials & Solutions, Chemicals, Performance Products, Agricultural Solutions, and Others. The company operates through six integrated production sites and 390 other production sites in Europe. It has a strong customer base and operates in many countries in Europe, North America, APAC, Africa, and the Middle East. In March 2019, BASF enhanced its regional innovation capabilities with new facilities at the Innovation Campus Shanghai to further strengthen collaboration with the automotive industry and to offer new process catalysts to the chemical industry. With an investment of approximately USD 38.0 million, the new 5,000-square-meter facility includes the Automotive Application Center and the Process Catalysis Research & Development (R&D) Center. One of the innovations includes polyurethane (PU) integral foam solutions with an open cell structure offering unique performance as they are light weight, with excellent sound insulation and flame resistance.

The Dow Chemical Company is a diversified, global manufacturer and supplier of products which are used primarily as raw materials in the manufacture of customer products and services. It operates through three business segments: Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. The company caters to numerous end-use industries such as appliances, automotive, agricultural, building and construction, chemical processing, electronic, furniture, houseware, oil & gas, packaging, paint, coating and adhesive, personal care, pharmaceutical, processed food, pulp & paper, textile and carpet, utilities, and water treatment.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/foam-plastics.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/foam-plastics-market.asp

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Foam Plastics Market worth $65.4 billion by 2025 | Key players BASF SE (Germany), Covestro (Germany), Huntsman International LLC (US), The Dow Chemical Company (US). here

News-ID: 3435971 • Views:

More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to Surpass USD 36.7 billion
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth. Download PDF Brochure @
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMarkets
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2030 | Leading key players are ABB, Schneider Electric, Eaton, Vertiv
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of

All 5 Releases


More Releases for Plastics

Aircraft Plastics Market 2023 | Futuristic Trends- SABIC, Victrex, Drake Plastic …
The Aircraft Plastics research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Aircraft Plastics research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force. Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=7681883
Microcellular Plastics Proving More Beneficial than Conventional Plastics
The microcellular plastics market will reach USD 21,233.5 million by 2030, powering at a rate of 8.9% in the years to come, as stated by P&S Intelligence. This has a lot to do with the growing preference for high-performance materials, and the increasing requirement from healthcare, packaging transportation, and electronics industries, as a result of their boosted and better properties as opposed to conventional materials. Explore more about this report@ https://www.psmarketresearch.com/market-analysis/microcellular-plastic-market PVC
Semiconductor Plastics Market Emerging Trends : Ensinger Inc., A&C Plastics, Inc …
The newest market research study on Semiconductor Plastics Market 2023 now available at MarketsandResearch.biz shows concise facts about the industry size and revenue estimation of the business. The report includes a market overview, classification, industry value. It also covers types, enterprises, and applications. In the beginning, the report reveals comprehensive research upgrades and data linked to opportunities in the global Semiconductor Plastics market. The report helps in getting answers to
Plastics Extrusion Market to Possess a Surprising Revenue Growth of $7,930.4 mil …
The global Plastics Extrusion Market size was valued at $6,303.0 million in 2022 and is projected to reach $7,930.4 million by 2030, registering a CAGR of +4% from 2023 to 2030. The demand for plastic extrusion machines is soaring, as there is a growing need for extruded plastic products from several end-use segments, such as packaging, consumer goods, construction, and automotive. This primarily boosts the growth of the global plastic extrusion
Aerospace Plastics Market Demand and Technology Growth 2026 | 3P-Performance Pla …
Allied Market Research published a report, titled, "Aerospace Plastics Market by Material Type (Polyether Ether Ketone (PEEK), Poly Methyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyphenylene Sulfide (PPS), and Others), Type of Aircraft (Commercial, Military, Rotorcraft, and Space), and Application (Cabin Interior, Windows & Windshield, Airframe, and Propulsion System): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global aerospace plastics industry garnered $744 million
What's Driving the Aerospace Plastics Market Trends? SABIC, Solvay, Superior Pla …
Asia Pacific will account for a substantial proportion of aerospace plastics market share in the years to come. The growth can be primarily attributed to the surging demand for military and commercial aircraft. India and China will contribute significantly towards the regional growth. Europe aerospace plastics industry on the other hand, is also predicted to record a considerable growth rate over the coming timeframe, aided by France, Germany, and UK. Increasing