The global polymer foam market size is anticipated to around USD 154.3 billion by 2026, this market is anticipated to grow with 4.3% CAGR during the forecast time period. The market is driven by rising applications in businesses, for instance automotive, packaging, furniture and bedding.
Emerging applications in end- industries, for example, automotive, furniture and bedding, and packaging, are relied upon to drive the market over the forthcoming years. Polymer foam are to a great degree lightweight and adaptable, exceptionally solid, build-up safe, and dermatologically-accommodating. These properties make them sheltered and recommendable for various buyer applications.
Among different kinds of polymer foam, Polyurethane (PU)- based foam are broadly utilized in various applications as they are recyclable, lightweight, flexible, sturdy, and impervious to erosion and vibration. In any case, a few governments and bureaucratic offices are progressively raising concerns with respect to unfavourable wellbeing impacts of isocyanates used in polyurethane generation.
The market is segmented based on type into Polyurethane (PU) foam, polystyrene foam, Polyvinyl Chloride (PVC) foam, phenolic foam, polyolefin foam, melamine foam, and others. Polystyrene foam was the biggest section and represented 32.2% of the worldwide income previously. Extended polystyrene-based items have fantastic stun retaining properties and are favored in putting away, bundling, and transporting of electrical gear, cooked sustenance, and short-lived merchandise. It is additionally favored in a few marine floatation applications including development of skimming docks, surfboards, and vessel stands.
Market By Type
Market By Application
Market By Geography
Asia Pacific was the biggest area and represented 39.38% of the worldwide income share in 2017. Uplifting standpoint for assembling industry in light of developing spotlight on innovative work combined with ideal government activities to draw in speculations is relied upon to result in local market extension. Quickly extending vehicle and bundling businesses in developing economies, for example, India and China, are additionally expected to drive regional development. Rising remote direct venture is likewise expected to contribute toward the market advancement.
The U.S. regional market was driven by the developing demand for PU and polystyrene foam in building and development and marine applications and PVC foam in wind vitality applications. As indicated by the U.S. Division of Housing and Urban Development, the new private lodging culminations expanded from roughly 900 thousand units in 2014 to 1,200 thousand units in 2018. This consistent increment in private units had driven the demand for PU foam in the building and development division.
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with the Woodbridge Foam Corporation, BASF SE, Zotefoams PL, JSP Corporation, Sealed Air Corporation, Borealis AG, Recticel Group and Armacell International S.A.
The global peptide synthesis market is expected to grow at significant CAGR of 6.6% over the forecast period 2019 to 2026 and reach around more than USD 400 million by 2026. Peptides are organic molecules of a peptide (amide) bound amino acids. Peptide synthesis is the mechanism by which a carboxylic acid from one amino acid is compressed into the amino group of another, forming sh
The global recycled glass market value is expected to reach around 5,723.6 million by 2026 and will grow at a CAGR of 6.0% over forecast period 2019 to 2026. Recycled glass refers to the reusing glass objects, which are preferably used for making virgin glass. The recycling of glass is a cost-effective process of virgin glass production, because it conserves natural resources, saves energy and simple to recycl
The global electric vehicle polymers market size is expected to reach around 159 billion by 2026 growing at a CAGR of around 64.9% over forecast period 2019 to 2026. Electric Vehicle Polymers refers to the polymers used in electric cars for the increasing the efficiency of the vehicle by reducing the weight of the vehicle. Polymers resemble the characteristics of metals such as better flame retardancy, toughne
The global recycled elastomers market size is expected to reach around US$ 6.8 billion by 2026 and growing at a CAGR of above 11.9% over forecast period 2019 to 2026. Elastomer materials are made of polymer materials that are joined by chemical bonds and have high elongation and flexibility properties that increase its applicability in various industries. Elastomers rubber compound
The global recycled thermoplastic market in 2018 was above US$ 50 Bn and is expected to grow more than US$ 103 Bn by 2026. The market is expected to register a CAGR of above 9% from 2019-2026. Thermoplastic polymer has properties such as high-impact strength and heat-resistance and when mixed with the compounded thermoplastic polymer matrix it gives more high performance such as im
The global beverage container market size is expected to reach around US$ 251 billion by 2026 and growing at noteworthy CAGR around 4.2 % throughout the forecast period 2019 to 2026. Beverage container refers to the packaging of beverages with jars & bottles, cartons, pouches, bags-in-boxes or cans. These containers are manufactured from the paperboard, plastics, glass or metals, and also from