Engineered Foam Market Global Market Opportunity Assessment Study 2024.
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The global market for engineered foam can be segmented based on the type of polymer used into polyurethane (PUR), polystyrene (PS), polyethylene (PE), and polypropylene (PP). Polyurethane is synthesized by the reaction between polyols and polyisocynates. Rigid PUR foam is employed in various applications in refrigerators, insulated buildings, water heaters, and thermosets. Flexible PUR is used in cushioning in furniture, packaging, and transportation. Flexible PUR is also employed in cars for sound insulation and vibration dampening. Polystyrene foam is extensively used for making white polystyrene cups, which are ideal for serving hot beverages, due to heat insulating properties of foam. The engineered foam market can also be segregated based on structure into rigid and flexible structure. Rigid engineered foams are used for structural applications, while flexible engineered foams are used for packaging and cushioning applications. The engineered foam market can also divided in terms of end-user application into automotive, wind turbines, packaging, manufacturing, and construction industries.
In terms of region, the engineered foam market can be segregated into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The global engineered foam market is anticipated to expand significantly during the forecast period. Asia Pacific is expected to dominate the market for engineered foam due to significant growth of the automotive industry in emerging economies such as China and India. Rise in demand for lightweight structures in the building & construction industry is anticipated to boost the market for engineered foam in the region. The engineered foam market in North America and Europe is also estimated to expand, led by the presence of large number of automobile manufactures in these regions.
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Key players operating in the engineered foam market are BASF SE, The DOW Chemical Company, Skisui Chemical Company Co. Ltd., Bayer AG, Armacell, Jiffy Packaging Company Limited, American Foam Products, Rempec Foam Corporation, Heubach Corporation, and G&T Industries Inc.
Armacell, a leading provider of engineered foams, operates in Europe, North America, Asia, and Middle East. It offers a wide product portfolio, which includes polystyrene foam, polyurethane foam, and polyethylene foam.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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