Global Engineered Foam Market Overview:
Engineered foams business develops light foams for use in a wide range of end markets. The engineered foams business addresses the needs of several markets and applications where weight and robustness are of critical importance. Such as within the energy sector, this product used in wind turbine equipment and applications related to production or transformation of energy. Some of the players profiled in the study are The DoW Chemical Company (United States), BASF SE (Germany), Sekisui Chemical Ltd. (Japan), Huntsman Corporation (United States), Trelleborg AB (Sweden), Inoac Corporation (Japan), Recticel NV/SA (Belgium), Vita (Lux III) S.a.r.l. (United Kingdom), Armacell GmbH (Luxembourg) and Foamcraft Inc. (United States).
On the basis of geography, the market of Engineered 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 Form, the sub-segment i.e. Flexible will boost the Engineered Foam market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Polyurethane will boost the Engineered Foam market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Use of XPP in Automobiles for Weight Reduction
- Rising Consumer Awareness towards Eco-Friendly Packaging
- High Demand of Flexible Foam
- Rapid Economic Growth in Asia Pacific Region
- Strong Opportunity In Future Due To Increasing Applications In Insulation, Such As Light-Density, Open-Cell Spray Foam Insulation And Others
Key Market Developments:
In Aug 2018, Armacell Announced The Acquisition Of Guarto, Through This Acquisition Company Serving Growing Global Demand For Acoustic Insulation Solutions, Consolidation Of South European Manufacturing Footprint, And Expansion Of Advanced Insulation And Engineered Foams Product Portfolio.
In Apr 2019, Armacell And Thermaflex Announced To Sign Commercial Cooperation Agreement To Jointly Serve The Russian Market And Some Cis Countries. Which Benefits To Customers From A Combined Elastomeric And Thermoplastic Product Offering And Enhanced Customer Service Levels.
The Global Engineered Foam Market Is Highly Competitive And Consists Of Some Key Players. In Terms Of Market Share, Few Of The Key Players Presently Dominate The Global Market. Key Vendors With A Prominent Share In The Global Market Are Concentrating On Escalating Their Client Base The World. These Market Players Are Leveraging On Strategic Collaborative Creativities To Intensification Their Market Share And Escalation Their Profitability. Key Vendors Operating In The Global Market Are Also Acquiring Start-Ups.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Engineered Foam Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Engineered Foam market on the basis of product  , application [Aerospace & Defense, Medical & Healthcare, Transportation and Manufacturing & Construction], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Engineered Foam market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Engineered Foam industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are FoamPartner Group (Switzerland), Future Foam Inc. (United States), UFP Technologies Inc. (United States) and Rogers Corporation (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Engineered Foam market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. 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.