The Polymer Foam Market was valued at $112.05Billion in 2018 and is forecast to grow at a modest5.0 % CAGR between2018 and 2025, culminating in 2026 global sales of $150.00Billion.
Growing demand from building and construction and automotive industries is likely to initiate the market growth. Polymer foams are broadly used in other materials in numerous composition to build the upholstery stuffing, constructions, rigid insulation panels, high-resilience foam seating,carpet underlays, packaging, and automotive components applications. A polymer foam is a solidified or liquid stage which consists small amount of polymer mass with high thermal insulation, resistance to impact, lightweight,highly durable, versatile, and damping characteristics. The increasing awareness between consumers about the benefits of using polymer foam is projected to enhancement the evolution of the market in the coming futures. According to the research study, the demand for polymer foam is estimated to growth expressively, due to which the market is probably a strong growth rate in the forecast period. The increasing demand for polymer foam in the direction of energy conservation and energy sustainability are the main reason to lead the market growth. Polymer Foam progressively used in several passenger car airbags, seat cushions, cushioned instrument panels,head rests, gasket seals, armrests, cushioned instrument panels, and other mechanisms to produce durable, lightweight,and fuel-efficient structures. Due to the eco-friendly environment, PU foams are recyclable, less pollutant, and wastage free. So, it can not affect the environment as well as health.
“Optimal Price Point (OPP) for Global Polymer Foam”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in the China Global Polymer Foam materials are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Global Polymer Foam Market by “Key Type”
We have segmented the Global Polymer Foam based on Key Type as Polyurethane, Polystyrene, Polyolefin, Melamine, Phenolic, PVC.
We have observed the rapid growth of Polymer Foam followed by Polyurethane segment with 23.2% of the total revenue over the forecast period.Due to the customer demand for pillows, upholstery, mattresses, cushions, and carpets. Apart from this, it also consists of optimum capability, low heat, and high energy dissipation.
Polystyrene also demanded in the markets, due to high strength to take a loadin the packaging segment to avoid logistic and fuel cost. In the railway industry, it plays a crucial role to build a railway platform.
Global Polymer Foam Market by “Application Categories”
We have segmented the Global Polymer Foam based on Application Categories as Packaging, Building & constructions, Furniture & Bedding, Automotive, Rail, Wind, Marine, Others.
We have observed the significant growth of Polymer Foam followed by Building and Construction with 35.3% of the revenue share in 2017. This segment used for insulation bases such as pipe, molding, flooring, cables, and wires.
We also noticed the substantial growth of Furniture & bedding in the market over the forecast period for mattresses padding, furniture, chair cushions, carpets padding, and fibers manufacture.
The Automotive segment is also anticipated to witness a CAGR of 7.3% in terms of revenue during the forecast period.
Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand of Global Polymer Foam materials followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The rapid growth of Polyurethane and the availability of Global Polymer Foam materials optionlike create an impact in developing countries for the demand for packaging and building & construction.
“Competitive Landscape” and “Merger& Acquisition Insights”
The key market participants BASF SE, Woodbridge Foam Corporation, Sekisui Alveo AG, Sealed Air Corporation, Zotefoams PL, Ineos Styrenics International SA, and Recticel Groupare few major players in Global Polymer Foammarkets. TheGlobal Polymer Foam market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Global Polymer FoamMarket by Key Type(Revenue, Million, 2018 – 2026)
Global Polymer FoamMarket byApplication Type (Revenue, Million, 2018 – 2026)
- Building & constructions
- Furniture & Bedding
Global Polymer FoamMarket Regional Outlook (Revenue, USD Million, 2018-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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