Skip to main content

Asia-Pacific is estimated to register the highest CAGR of 6.81% for Polymer Foam Market till 2022

The market size of polymer foam is estimated at USD 94.86 billion in 2017, and is projected to reach USD 126.08 billion by 2022, at a CAGR of 5.86% from 2017 to 2022. The automotive industry is projected to register the highest CAGR of 6.26% between 2017 and 2022.

Request to download PDF @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1011&utm_source=Blog%2FML

The need for lightweight vehicles, fuel efficiency, durability, comfort, and safety has boosted the use of different types of polymer foam in automotive applications. Environmental regulations have encouraged automobile manufacturers to focus on recyclable materials, which are replacing traditional materials with polymer foams. Manufacturers are focusing on R&D activities to provide safety and comfort to passengers. These activities have also fueled the need for polymer foam in the automotive industry.

Asia-Pacific is the largest and fastest-growing market for polymer foam, in terms of value and volume, and is expected to retain its leadership until 2022. The region is projected to register a CAGR of 6.46%, in terms of value, from 2017 to 2022.

The countries in this region, such as China, Japan, South Korea, India, Indonesia, and Thailand, are witnessing an increase in the use of polymer foam in the automotive, building & construction, furniture & bedding, and packaging industries. This growth is mainly backed by increasing industrialization; large industrial base of the construction, automobile, and packaging industries; and increasing investment & expansions, mergers & acquisitions, new product launches, and joint ventures activities in the region.

Speak to our Analyst @ https://tinyurl.com/yc7p6n9f
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 the key players that are actively present in the global polymer foam market. The market players are expected to undertake organic growth strategies, such as regional expansion, joint venture, and new product developments, to expand their overall business and tap the fast growing regions. Many companies are also engaged in developing innovative products as well as enhancing their presence in the emerging markets.

Reference:
https://www.marketsandmarkets.com/Market-Reports/foams-market-1011.html?utm_source=Blog%2FML
For more Info Visit Blog: https://chemicalsresearchmarket.wordpress.com/blog/
Labels:

Comments

Post a Comment

Popular posts from this blog

Imerys S.A. (France) and Omya AG (Switzerland) are the Key Players in the Calcite Market

  In terms of value, the global Calcite Market size is estimated to be USD 10.1 billion in 2019 and projected to reach USD 13.0 billion by 2024, growing at a CAGR of 5.2% from 2019 to 2024. Browse 105 Market Data Tables and 36 Figures spread through 145 Pages and in-depth TOC on  "Calcite Market”.  Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=50319659 Imerys S.A. (France) is one of the leading players in the calcite market and has been adopting inorganic & organic strategies to sustain its market position. For instance, in November 2019, Imerys S.A. acquired some assets of the EDK Company, a leading producer of ground calcium carbonates (GCC) in Brazil. These assets include three operating plants and 100 employees, which generated annual revenues of USD 15.5 million in 2018. In February 2018, Imerys S.A. acquired the carbonate business of Vimal Microns (India), a major producer of ground calcium carbonate...
Post a Comment
Read more

Asia Pacific accounted for a major share of the fiberglass roving market

  The fiberglass roving market is projected to grow from USD 8.24 billion in 2018 to USD 11.02 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. Browse 78 market data Tables and 47 Figures spread through 133 Pages and in-depth TOC on  "Fiberglass Roving Market by Fiber Glass Type (E, ECR, H, AR, S),Product Type(Single-end, Multi-end, Chopped),End-use Industry (Transportation, Construction, Electrical & Electronics, Pipe & Tank, Wind, Aerospace, Marine),and Region Global Forecast to 2023" Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=132583551 Owens Corning focuses on capacity expansions to meet the growing demand for fiberglass roving used in specialty composites. In addition, the company focuses on new product launches to maintain a competitive edge in the market. The company recently has launched roving products under the brands HydroStand, WindStrand, PipeStrand, PulStrand, and Perfomax. The company h...
Post a Comment
Read more

PTFE Membrane Market by Type, Application, and Region to 2025

The PTFE Membrane Market was valued at USD 1.49 Billion in 2015, and is projected to reach USD 2.32 Billion by 2021, at a CAGR of 7.7% from 2016 to 2021. The increasing use of PTFE membranes for water filtration and waste water management and acceptance of PTFE membrane in the medical & pharmaceutical industry are expected to drive the market for PTFE membrane. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243714287 The demand for PTFE membranes in emerging economies, such as APAC, MEA, and South America, is increasing owing to the growth in the oil & gas, water treatment, and chemical industry. The fluctuation in oil & gas prices is challenging the PTFE membranes market. The demand for PTFE membranes is rising, owing to the good physical properties and stringent regulations for emission and industrial waste treatment. Furthermore, the increasing demand for treated water in emerging provide growth opportunities to the market. On th...
Post a Comment
Read more