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Polymer Foam Market Set for Continued Growth by 2024

Author : Rahul Varpe | Published Date : 2019-04-03 

Based on type, polymer foam market is bifurcated into rigid and flexible. Flexible foam accounted for more than half of the overall market owing to its low cost and easy application. These are commonly used in building & construction, footwears, sport & recreations, textiles and others.

On end-user basis, the Polymer Foam Market is classified into furniture & bedding, automobile & transportation, building & constructions, packaging, and general manufacturing. The other niche application includes textile, footwear, sports & recreation.

Packaging is likely to have significant CAGR owing to their low weight, thermal insulation and surface protection. They are used in trays, sheets, protective bands and household items. Moreover, the use of product in furniture and bedding materials such as cushions, pillows, upholster furniture will propel the Polymer Foam Market in coming years.

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On product basis, Polymer Foam Market is diversified into polyurethanes, polystyrene, polyvinyl chloride, phenolic resins, polyolefins, and melamine. The other niche product includes micro cellulose, polyimide chloroprene, etc. Among these, polyurethane will have largest market share and will grow at a significant growth rate owing to increasing construction and renovation activities in North America.

Polymer Foam Market Size will witness a profitable gain owing to use of product in myriad end-user segment including furniture & bedding, building & construction, automobile & transportation and others.

Polymer foams is the mixture of various polymer resins, gas and solid phase. The commonly used resins during the product manufacturing include polyurethane, polyvinyl chloride (PVC), phenolic resins, polystyrene, etc. The other raw material includes refined petroleum solutions, inorganic chemicals. Polymer foams are developed by incorporation of gas in a solid phase resulting in air incorporated porous structure.

The product market will grow at rapid pace due to the unrivalled properties of product such as strength to weight ratio, light weight, outstanding acoustic and thermal insulation, cushioning effect and high shock absorbing capacity. Moreover, these products are less costly than metallic foams or fiber glass which increase the polymer foam market demand during the forecast timeframe.

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Asia Pacific held major chunks of the product market share and will grow at a substantial growth rate owing to rapid industrialization in developing nation such as India, and China. Various initiative by the government to increase the manufacturing activities in their region will bolster the product market. For instance, Indian government has taken various initiatives such as ‘Make in India’, ‘Digital India’ and allow FDI to increase the manufacturing units in India. This will surge the manufacturing activities and further spur the polymer foam market by the end of 2024.

The major players in the Polymer Foam Market are Armacell International, Ach Foam Technologies, BASF, PAR Group, Roger Corporations, SABIC, The Dow Chemical Company, Toray Industries, Total, Foam Partner Group, Simona America, Borealis, Dyplast Products, Polymer Technologies, Sealed Air, and Synthos.

 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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