Polymer Foam Market Size, Share, Trends, Analysis and Forecasts To 2021
Market Research analysts forecast the global polymer foam market to grow at a CAGR of 8.28% during the period 2017-2021.
The following companies as the key players in the global polymer foam market: Armacell, Arkema, BASF, The Dow Chemical Company, and Rogers Communications
Other Prominent Vendors in the market are: Mitsui Chemicals, Huntsman International, FXI Innovations, Recticel, Foam Partner, Europur, Woodbridge Group, Zotefoams, The Vita Group, JSP, Evonik, Boyd, and SABIC
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Commenting on the report, an analyst from Reports team said: Established manufacturers in APAC are trying to achieve high capacity utilization to cater to the growing demand from South America and Europe. APAC accounted for 40% of the global polymer foam manufacturing capacities in 2015. This region is the largest consumer of PU, accounting for more than 50% of the global PU consumption. There is growing demand for PU, PVC, PE, and other foam materials in APAC with China being a leading country. The large population of China and India reflect huge consumption potentials across major application segments such as building and construction and footwear.
According to the report, low cost carriers (LCC airlines) have proved to be strong competitors to all-purpose modes of transportation in the market, particularly in the developing economies of APAC and Central and South America since the 2009 economic downturn owing to changing lifestyle and increasing per capita income. High growth in LCC airlines was observed in the short-haul markets around Southeast Asia, India, and Australia.
Further, the report states that the growing concern regarding the environmental impact of PU will be a major challenge for the global PU foam market during the forecast period. Most developed nations in the world including the US, Japan, and the EU nations have already banned or limited the use of plastics. Various government regulations regarding the use of plastic bags are already in place in these nations. With other nations expected to follow suit, the growth of the global polymer foam market is likely to be adversely affected during the forecast period. CO? emitted during the production of flexible PU foam poses a threat to the environment. Thus, measures need to be implemented to regulate the production process and reduce emissions of CO?. These measures will also hamper the growth of the market.
About Polymer Foam
Polymer foams can be manufactured in various ways such as slab stock, extrusion, and various forms of molding. Polymer foams are broadly classified as thermosets and thermoplastics, which are further segmented into flexible and rigid foams. Thermoplastics can be broken down and recycled, whereas thermosets are hard to recycle owing to their heavily crosslinked structure.
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Covered in this report
The report covers the present scenario and the growth prospects of the global polymer foam market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of polymer foam.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Global Polymer Foam Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Armacell
Arkema
BASF
The Dow Chemical Company
Rogers Communications
Other prominent vendors
Mitsui Chemicals
Huntsman International
FXI Innovations
Recticel
Foam Partner
Europur
Woodbridge Group
Zotefoams
The Vita Group
JSP
Evonik
Boyd
SABIC
Market driver
Growth in the bedding and furniture industry
For a full, detailed list, view our report
Market challenge
Environmental hazards due to the manufacture and application of PU
For a full, detailed list, view our report
Market trend
Augmented investment in R&D of PU foams
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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