What is Polymer Foam?
Polymer foams are lightweight and have good thermal insulation properties. Also, it has a high strength per unit weight and a lower dielectric constant when compared to solid polymers. Polymer foam is highly durable, mildew resistant, and dermatologically friendly. There are various types of polymer foam based on material such as Polystyrene, PVC, and Polyurethane. Polyurethane based foams are widely used in building and construction, marine, and automotive industries. These foams are durable, lightweight, versatile, and resistant to corrosion and vibration, recyclable, and offer a high level of freedom in a geometric design. The global polymer foam market is witnessing high growth because of the economic growth in developing countries and growth in the major end-use industries such as packaging, furniture & bedding, building & construction, and automotive industries are leading to the growth of the market.
The market study is broken down by Type (Rigid and Flexible), by Application (Packaging, Building & Constructions, Furniture & Bedding, Automotive, Footwear and Others) and major geographies with country level break-up.
Research Analyst at AMA estimates that Vendors from United States will contribute to the maximum growth of Global Polymer Foam market throughout the predicted period.
BASF SE (Germany), DowDuPont, Inc. (United States), Armacell International S.A. (Germany), Rogers Corporation (United States), Sealed Air Corporation (United States), Polymer Technologies, Inc. (United States), Woodbridge Foam Corporation (Canada), Huntsman International LLC (United States), Recticel NV (Belgium) and Zotefoams PLC (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Borealis AG (Austria), JSP Corporation (Japan), Arkema Group (France), Covestro AG (Germany), Kaneka Corporation (Japan), Toray Industries, Inc. (Japan) and Hanwha Chemical Corporation (South Korea).
AdvanceMarketAnalytics has segmented the market of Global Polymer Foam market by Type, Application and Region.
On the basis of geography, the market of Polymer Foam has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Polymer Foam market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polyurethane (PU) will boost the Polymer Foam market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Density, the sub-segment i.e. High Density will boost the Polymer Foam market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In February 2020, Huntsman Corporation has announced the acquisition of Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications.
In March 2019, BASF has 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. and In November 2018, The Dow Chemical Company announced the opening of a polyol (a raw material for polymer foam) plant for rigid PU foam in Rayong, Thailand. This facility is expected to increase the company's capacity to offer high-quality insulation products and solutions.
- Significant Technological Advancements, Such As Introduction of Bio-Based Polyols and Non-Toxic Isocyanates
- Innovations in Commercialization Including Biodegradable Foams for Packaging
- Utilization of Polymer Based Memory Foams in Footwears
- Growing Industrialization, Production of Automobile Interiors or Parts, and Packaging Industries
- Surging Demand of Product from Growing Aerospace & Defense and Automotive Industries
- Increasing Use of Light-Weight Materials in Sports, Consumer Electronics, and Automotive Industries
- Innovative applications in electronic products, as well as rising usage of bio-degradable plastics, are expected to offer various opportunities for the growth of the market.
- Advancements of Additive Manufacturing for Polyurethane Foam
- Volatility in Raw Material Prices
- Increasingly Raising Concerns Regarding the Detrimental Health Effects of Isocyanates Utilized In Polyurethane Production
- Stringent Government Regulations for Single-Use Plastics
- High Pricing Pressure and Competition in the Market
Key Target AudiencePolymer Foam Manufacturers, Raw Material Suppliers, Traders and Distributors, Research and Development Institutes, Potential Investors, Nationalized Laboratory, End-Use Industries and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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