Polyolefin Foam Market Aims to Expand at Double-Digit Growth Rate by 2031

According to the report by Allied Market Research, the global polyolefin foam market achieved a revenue of $8.2 billion in 2021 and is projected to reach $13.4 billion by 2031, with a compound annual growth rate (CAGR) of 5.1% from 2022 to 2031. The report provides a comprehensive analysis covering winning strategies, evolving market trends, estimations, value chain dynamics, key investment areas, drivers, opportunities, competitive landscape, and regional outlook. It serves as a valuable resource for stakeholders, including new entrants, shareholders, frontrunners, and investors, in formulating strategies for future growth and enhancing their market position.

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Market Segmentation:

The report offers a detailed segmentation of the global polyolefin foam market based on resin type, end-use industry, and region. In terms of resin type, polyethylene dominated the market in 2021 and is expected to maintain its leading position throughout the forecast period. The ethylene vinyl acetate segment is projected to witness the fastest growth rate. Among end-use industries, packaging held the largest market share in 2021, while the automotive sector is expected to register the highest CAGR during the forecast period. Geographically, the Asia-Pacific region dominated the market in 2021 and is anticipated to continue its leadership, exhibiting the fastest growth rate.

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Key Players:

Key players in the global polyolefin foam market include Armacell, BASF SE, DOW INC, DuPont de Nemours, Inc., Hanwha Solutions, Huzhou Changyuan Tefa Co., Ltd., Intecfoams, KANEKA CORPORATION, NMC International SA, SABIC, Sekisui Chemicals Co., Toray Industries, Inc., TotalEnergies, Ultralon, and Arkema. These players have adopted various strategies such as joint ventures, collaborations, expansions, and new product launches to strengthen their market presence and capitalize on emerging opportunities.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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