Polymer Foam Market is projected to grow from USD 90.7 billion in 2020 to USD 114.8 billion by 2025, at a CAGR of 4.8%. Polymer foam is largely used in the building & construction, packaging, and furniture & bedding.
Browse 119
market data Tables and 41 Figures spread through 203 Pages and
in-depth TOC on "Polymer
Foam Market”.
The key players operating in the market are BASF SE (Germany),
Rogers Corporation (US), The Dow Chemical Company (US), Recticel NV/SA
(Belgium), Sealed Air Corporation (US), Huntsman International LLC (US), and
Armacell International S.A. (Germany). These players have
adopted various strategies, such as merger & acquisition, investment &
expansion, new product launch, and partnership & agreement, to grow in the
market. Investment & expansion was the key strategy adopted by the major
players between 2016 and 2020. This strategy helped companies enhance their
global presence.
Footwear, sports & recreational is the fastest-growing segment of
the overall polymer foam market.
The footwear, sports & recreational segment is projected to be the fastest-growing end-use industry of polymer foam. The properties offered by polymer foams, such as good thermoforming capacity and creep resistance, make it suitable for use in many sporting goods such as skis, hockey sticks, snowboards, surfboards, and racing bicycle wheels. Using polymer foams in sporting goods make the final products lightweight and durable with high mechanical properties.
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BASF SE (Germany) is
a diversified chemical company. The company has five business segments:
Functional Materials & Solutions, Chemicals, Performance Products,
Agricultural Solutions, and Others. The company operates through six integrated
production sites and 390 other production sites in Europe. It has a strong
customer base and operates in many countries in Europe, North America, APAC,
Africa, and the Middle East. In March 2019, BASF enhanced its regional
innovation capabilities with new facilities at the Innovation Campus Shanghai
to further strengthen collaboration with the automotive industry and to offer
new process catalysts to the chemical industry. With an investment of
approximately USD 38.0 million, the new 5,000-square-meter facilities include
the Automotive Application Center and the Process Catalysis Research &
Development (R&D) Center. One of the innovations include polyurethane (PU)
integral foam solutions with an open cell structure offering unique performance
as they are light-weight, with excellent sound insulation and flame resistance.
The Dow Chemical
Company is a diversified, global manufacturer and supplier of products which
are used primarily as raw materials in the manufacture of customer products and
services. It operates through three business segments: Packaging &
Specialty Plastics, Industrial Intermediates & Infrastructure, and
Performance Materials & Coatings.
The company caters
to numerous end-use industries such as appliances, automotive, agricultural,
building and construction, chemical processing, electronic, furniture,
houseware, oil & gas, packaging, paint, coating and adhesive, personal
care, pharmaceutical, processed food, pulp & paper, textile and carpet,
utilities, and water treatment.
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Recent Developments
- In March 2019, BASF enhanced its regional
innovation capabilities with new facilities at the Innovation Campus
Shanghai to further strengthen collaboration with the automotive industry
and to offer new process catalysts to the chemical industry. With an investment
of approximately USD 38.0 million, the new 5,000-square-meter facilities
include the Automotive Application Center and the Process Catalysis
Research & Development (R&D) Center. One of the innovations
include polyurethane (PU) integral foam solutions with an open cell
structure offering unique performance, which are light-weight, with
excellent sound insulation and flame resistance.
- In November 2018, The Dow Chemical Company
announced the opening of a polyol (a raw material for polymer foam) plant for
rigid PU foam in Rayong, Thailand. This facility is expected to increase
the company's capacity to offer high-quality insulation products and
solutions.
Critical questions the report answers:
- Where will all these developments take the
industry in the mid-to-long term?
- What are the upcoming applications of polymer
foam?
- Which segment has the potential to register
the highest market share?
- What is the current competitive landscape in
the polymer foam market in terms of new technologies, production, and sales?
- What will be the future of polymer foam?
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Information @ https://www.marketsandmarkets.com/ResearchInsight/foams-market.asp
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