USD 27.19 Mn growth opportunity in Polymer Foam Market | APAC to occupy 46% of the global market share | Technavio – QNT Press Release


NEW YORK, May 9, 2022 /PRNewswire/ — The “Global Polymer Foam Market by Application and Type – Forecast and Analysis 2022-2026” report has been added to Technavio’s latest offering. According to the report, the market will observe an incremental growth of USD 27.19 million between 2021 and 2026, expanding at a CAGR of 4.88% during the forecast period. APAC is identified as the key region in terms of revenue generation. Population growth, economic growth, and the rising disposable incomes of the people in India, the Philippines, Malaysiaand China are creating significant growth opportunities for vendors operating in the region.

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The global polymer foam market is fragmented is highly competitive with the existence of a large number of key players. Also, there are a sizeable number of small local and regional vendors with significant shares in the market. Vendors compete on the basis of factors such as innovation, price, operational cost, and product quality. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Arkema Group, Armacell International SA, BASF SE, Boyd Corp., FXI, Huntsman International LLC, LANXESS AGMeenakshi Polymers Pvt. Ltd., Mitsubishi Gas Chemical Co. Inc., Mitsui Chemicals Inc., RAG-Stiftung, Recticel NV, Rogers Foam Corp., SABIC, The Dow Chemical Co., Toray Industries Inc., Tosoh Corp., Vita Holdings Ltd., Woodbridge Foam Corp., and Zotefoams Plc are identified some of the major market participants. Growth in the bedding and furniture industry has been instrumental in driving the growth of the market. However, environmental hazards due to the manufacture and application of PU might hamper the market growth.

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Polymer Foam Market 2022-2026: Segmentation

The global polymer foam market is segmented as below:

  • Application
    • Packaging
    • Building And Construction
    • Furniture And Bedding
    • Transportation
    • Others

The packaging segment holds the largest share of the market. The extensive use of polymer foams for packaging lightweight, fragile, and shock-sensitive products. Also, properties of polymer foams such as low weight, better surface protection, and thermal insulation are increasing their applications in the packaging industry.

  • Type
    • PU
    • PVC
    • Phenolic
    • Others

The market growth in the PU segment will be significant over the forecast period. The growth of the construction and infrastructure industries and the thriving global automotive industry are driving the growth of the market in the PU segment.

  • Geography
    • APAC
    • North America
    • Europe
    • The Middle East and Africa
    • South America

APAC is the dominating region in the market, occupying 46% of the global market share. The rapid growth of the paper and paperboard container and packaging market in APAC is driving the growth of the regional market. In addition, the increasing demand for polymer foams from the construction industry in China and India is contributing to the growth of the market.

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Polymer Foam Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist polymer foam market growth during the next five years
  • Estimation of the polymer foam market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the polymer foam market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of polymer foam market vendors

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Polyolefin (POF) Shrink Film Market by Application and Geography – Forecast and Analysis 2022-2026

Polymer Foam Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.88%

Market growth 2022-2026

USD 27.19 million

Market structure

Fragmented

YoY growth (%)

3.8

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 46%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Arkema Group, Armacell International SA, BASF SE, Boyd Corp., FXI, Huntsman International LLC, LANXESS AG, Meenakshi Polymers Pvt. Ltd., Mitsubishi Gas Chemical Co. Inc., Mitsui Chemicals Inc., RAG-Stiftung, Recticel NV, Rogers Foam Corp., SABIC, The Dow Chemical Co., Toray Industries Inc., Tosoh Corp., Vita Holdings Ltd., Woodbridge Foam Corp., and Zotefoams Plc

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.

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