Rise in Demand Driving the Polymer Foam Driving Market

  • The increase in demand for polymer foam in the end-use industries is driving the polymer foam market.
  • Many companies are adopting various development strategies in the polymer foam industry.
  • Investments & expansions were the major strategies adopted by the industry players.

The report “Polymer Foam Market by Type (PU, PS, PO, PVC, Phenolic, Melamine), End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports & Recreational), and Region – Global Forecast to 2022″, The market size of polymer foam is projected to grow from $94.86 billion in 2017 to $126.08 billion by 2022, at a CAGR of 5.86% from 2017 to 2022.

Download PDF

The increase in demand for polymer foam in the end-use industries such as automotive, building & construction, furniture & bedding, packaging, footwear, sports & recreational, and others is driving the polymer foam market. This factor has encouraged many companies to adopt various development strategies in the polymer foam industry. Investments & expansions were the major strategies adopted by the industry players to increase their foothold and maintain a sustained growth in the market between 2016 and 2017.

This research report categorizes the polymer foam market on the basis of type, end-use industry, and region.

On the basis of Type:

Polyurethane (PU)
Polystyrene (PS)
PVC
Phenolic
Polyolefin (PO)
Melamine
Others

On the basis of End-use Industry:

Packaging
Building & construction
Furniture & bedding
Automotive
Footwear, sports & recreational
Others

On the basis of Region:

North America
Europe
Asia-Pacific
Middle East & Africa
South America

Request Report Sample

Some of the leading polymer foam manufacturers, such as Sealed Air (U.S.), Arkema (France), Armacell (Germany), BASF (Germany), Borealis (Austria), Total (France), JSP (Japan), Kaneka (Japan), Recticel (Belgium), Rogers (U.S.), Sekisui Alveo (Switzerland), Synthos (Poland), Woodbridge (Canada), and Zotefoams (U.K.) are adopting these strategies to develop their businesses, globally.

Sealed Air (U.S.) and Armacell (Germany) are the most important players of the polymer foam market. In the past two years, these companies have adopted mergers & acquisitions as their growth strategies.

In September 2017, Sealed Air (U.S.) announced to acquire Fagerdala Singapore Pte Ltd., a manufacturer and fabricator of polyethylene foam to cater to the demand for polyethylene foam. In August 2017, the company also announced to acquire Deltaplam Embalagens Indústria e Comércio Ltda (Deltaplam, Brazil), a family owned and operated Brazilian flexible packaging manufacturer to help their customers primarily in Brazil.

In January 2017, Armacell acquired the Insulation Business of Nomaco, a leading manufacturer of extruded polyethylene insulation foam products. In October 2016, the company also acquired PoliPex (Brazil), which is a leading Brazilian manufacturer of extruded polyethylene insulation foam. This will help in catering the demand from the Brazilian polymer foam market.

Rohan Patnakar

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
http://marketsandmarkets.com

Leave a Reply