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

Who are the key manufacturers in the Ammonia Refrigerants Market?

  The ammonia refrigerants market is projected to reach USD 86.5 million by 2030, at a CAGR of 5.7% from USD 55.5 million in 2022. Ammonia is one of the most efficient refrigerants available and has a wide range of uses at different temperature and capacity. In addition to being natural the use of ammonia opens up the possibility of reduced energy consumption and secures long-term costs efficiency and sustainability. Ammonia is most commonly used for air conditioning systems and refrigeration systems. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254343156 Market Dynamics Driver: Eco-friendly aspect to drive the market One of the biggest advantages of ammonia gas as the refrigerant is that it is safe to the environment and does not cause any depletion of the ozone layer. Due to this it won’t have to be replaced with any alternative refrigerants as is the case with number of chlorofluorocarbons (CFCs). Ammonia is the oldest of all the refri...
Post a Comment
Read more

Digitally Printed Wallpaper Market Statistics, Trends, Growth and Demand Report 2022- 2027

  The global digitally printed wallpaper market size in 2022 is estimated at USD 4.7 billion and is projected to reach USD 13.1 billion by 2027, at a CAGR of 22.4% from 2022 to 2027. The major drivers for the market include an growth in urbanization and increasing construction activities. However, rivalry from paint & coating producers limits the market growth. Moreover, the ever-increasing growth in commercial and marketing sectors is projected to boost the market for digitally printed wallpaper. Browse 162 market data Tables and 28 Figures spread through 152 Pages and in-depth TOC on  "Digitally Printed Wallpaper Market by Printing Technology (Inkjet, Electrophotography), Substrate (Nonwoven, Vinyl, Paper), End-Use Sector (Non-Residential, Residential, Automotive & Transportation) and Region - Global Forecast to 2027 " Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=81489419 Key companies such as A.S. Création T...
Post a Comment
Read more