A recent report published by Infinium Global Research on polymer foam market provides an in-depth analysis of segments and sub-segments in the global as well as regional polymer foam market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional polymer foam market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global polymer foam market. According to the report, the global polymer foam market is projected to grow at a CAGR of 4.2% over the forecast period of 2019-2025.
Polymer foams are found everywhere in our modern world. It is used in a wide variety of applications such as the cushioning of furniture, insulation materials, and disposable packaging. In polymer foam, gas and solid phase mixed together to form a foam. The resulting foam has a polymer matrix with either air tunnels or air bubbles incorporated in it. It is produced in a number of ways, for example through slab stock by different forms of molding, extrusion and pouring. There are two types of polymer foam i.e. flexible foam and rigid foam. Flexible foams are used for packaging, footwear, automotive safety and cushioning. Further, the rigid foams are used for insulation in the appliance, building, and buoyancy. The characteristic such as strength-to-weight ratio, cost-effectiveness, superior acoustic absorption and ease of being processed in various forms make the use of polymer foam effective.
The polymer foam is largely used in the packaging and automotive industry. It has different properties which are utilized according to application requirement. For e.g. PU foam dominates the polymer foam market owing to its growing demand in the different end-user industries such as automotive, bedding & furniture, packaging, building & construction. Growing demand from building & construction, automotive and packaging drive the global polymer foam market. However, fluctuation in raw material prices hinders the growth of this market.
Geographically, the polymer foam market is segmented into North America, Europe, the Asia Pacific and the RoW. The Asia-Pacific is the largest player in the global polymer foam market, owing to growing industrialization and increasing in demand for infrastructure facilities in-country.
The report on global polymer foam market covers segments such as type, and end use industry. On the basis of type, the sub-markets include polystyrene, phenolic, polyurethane, polyolefin, melamine, and PVC. On the basis of end use industry, the sub-markets include packaging, furniture & bedding, building & construction, automotive, footwear, and sports & recreational.
The report provides profiles of the companies in the market such as Zotefoams, Borealis, Sealed Air, Armacell, JSP, Synthos, Arkema, Woodbridge, Rogers, and Sekisui Alveo.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of polymer foam market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.