Chemicals Industry Today

Polymer Foam Market | Production and its Increasing Consumption in Insulation Materials and Textile Manufacturing is driving market growth

Global Polymer Foam Market Research Report Information- by Type (Flexible, and Rigid), by Product Type (PU, PS, PE, PP, PVC and Others), by End Use (Construction, Transportation, Furniture, Packaging, Textiles, and Others) and Region- Forecast till 2023
Published 09 February 2018
Segmentation
The Global Polymer Foam Market is categorized on the basis of type, product type, end user industry, and region. On the basis of type, the market is bifurcated into flexible and rigid. On the basis of product type, the market is segmented into polyurethane (PU), polystyrene (PS), polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC) and others. On the basis of end user industry, the Polymer Foam Market is categorized into construction, transportation, furniture, packaging, textiles, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Key Players
Some of the prominent players operating in the Global Polymer Foam Market are BASF SE (Germany), TORAY INDUSTRIES, INC. (Japan), The Dow Chemical Company (U.S.), Recticel NV (Belgium), Rogers Corporation (U.S.), Arkema S.A. (France), Total S.A. (U.S.), SABIC (Saudi Arabia), Synthos S.A. (Poland), and Zotefoams plc (U.K) among others.

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The Global Polymer Foams Market is categorized into five regions based on geography, namely–North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Among them, Asia Pacific accounts for around 30% market share as of 2016 and is predicted to grow with the healthy CAGR over the assessment period. The Middle Eastern & African market is categorized into Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait. The aforementioned nations are predicted to drive the demand for polymer foams in the upcoming years due to the presence of mature oil reserves, resulting in higher consumption of Polymer Foams. Moreover, rising consumption of Polymer Foam based insulation materials in the ongoing travel and tourism industry’s expansion projects is predicted to fuel the growth of the market. In North America, the polymer foams market is predicted to grow with the highest CAGR during the assessment period, 2017 to 2023. Furniture and bedding segment is the main area for Polymer Foams consumption in the region. Additionally, sports industry in North America is booming owing to the increasing sports awareness and coupled with competitive professional sports and encouraging intercollegiate athletics campaigns are reaching ceiling level and anticipated to drive the polymer foam based cross fit sports textiles market in the forecast period.

European Polymer Foams Market is classified into Germany, U.K, Spain, Italy, and France. Comparatively France and Germany are expected to be the dominant region on account of increasing automobile manufacturing coupled with increasing innovation. Latin America continues to present uncertainty to multinationals owing to the complexity growing from legislative and regulatory developments across the region is anticipated to observe as hardship times for the market growth over the forecast period. Asia Pacific is predicted to be the healthy growing market due to emerging crude oil processing as well as proliferation of petroleum refineries in India and China is anticipated to reduce the raw material demand gap for polymer foams. Moreover, rising number of passenger cars and heavy duty vehicles along with increased usage of lubricant is expected to drive the demand for polymer foams in this region.

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