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.
Introduction According to Acumen Research and Consulting, the global Pharmaceutical Packaging market is expected to grow at noteworthy CAGR around 7.9 % throughout the forecast period and reach around US$ 112 billion by 2026. Pharmaceutical packaging means pharmaceutical process packaging, where several of the raw materials, lik
Introduction According to Acumen Research and Consulting, the global Chitosan market is expected to grow at noteworthy CAGR around 20.2 % throughout the forecast period and reach around US$ 22 billion by 2026. Chitosan is the form of the deacetylated chitin, a main component in the marine animal exoskeleton. The shell wastes, su
Introduction: Shape memory polymer is a polymeric shrewd material that can come back from a distorted transitory state to its unique lasting state when instigated by an outer upgrade, for example, temperature, power, attractive field, light, synthetics, and so on. The polymer is first fabricated into a perpetual shape by regular methodologies, after which it is disfigured into the
Introduction: The global seismic reinforcement materials market size is expected to reach 42.01 billion by the end of year 2026. The market is estimated to grow at a CAGR of 4.3% over the forecast period 2019 to 2026. Seismic reinforcement materials are a type of materials that are used for providing reinforcing or strengthening
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