What is Plastic Foams Market Scope?
Plastic foams, also called polymer foam, is a sponge-like material prepared by the polymer matrix. Polymer foams are extremely lightweight and versatile, highly durable, superior thermal and acoustic insulation, mildew resistant, and dermatologically friendly. The foaming of plastic is carried out via physical, chemical, and mechanical methods such as thermal decomposition by chemical blowing agent, mechanical whipping of gas into the liquid polymer, chemical blowing reaction, and other methods. The largest application segment in the Philippines plastics market is the packaging. The Philippines aims to promote 60 percent recovery and recycling of plastic by 2030 and offers opportunities for the private sector for technology transfer and assimilation in plastic waste management, particularly for different plastic waste streams. For example, the Polystyrene Packaging Council of the Philippines has set up a recycling plant.
The Plastic Foams market study is being classified by Type (Rigid and Flexible) and major geographies with country level break-up.
Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Plastic Foams market throughout the predicted period.
Betafoam Corporation (Philippines), E-Wha Foam Philippines (Philippines), Inoac (Philippines), 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) and Woodbridge Foam Corporation (Canada) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Huntsman International LLC (United States), Recticel NV (Belgium), Zotefoams PLC (United Kingdom), Borealis AG (Austria) and JSP Corporation (Japan).
Analyst at AMA have segmented the market study of Global Plastic Foams market by Type, Application and Region.
On the basis of geography, the market of Plastic Foams 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).
Market Influencers and their 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 has 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.
Influencing Market Trend
- Innovations in Commercialization Including Biodegradable Foams for Packaging
- Significant Technological Advancements, Such As the Introduction of Bio-Based Polyols and Non-Toxic Isocyanates
- Utilization of Polymer Based Memory Foams in Footwears
- Rising Urbanization and Growing Disposable Income of Consumers
- Growth of Major End-Use Industries of Foam Plastics Such As E-Commerce
- Rising Consumer Spending Levels for Household Products Such As Bedding, Furniture, and Appliances
- 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
- Over-Reliance on Imports of Raw Materials and Finished Plastics
- Increasingly Raising Concerns Regarding the Detrimental Health Effects of Isocyanates Utilized In Polyurethane Production
- Stringent Government Regulations for Single-Use Plastics
Key Target AudiencePlastic Foams Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Distributors, and Suppliers, End-use Industries and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research & Media features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.