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 by Resin Type (PU, PS, PO, Phenolic), Foam Type (Rigid, Flexible),
End-Use Industry (Building & Construction, Packaging, Automotive, Furniture
& Bedding, Footwear, Sports & Recreational), and Region - Global
Forecast to 2025"
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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
APAC is the largest polymer foam market during the
forecast period.
APAC is the leading market for polymer foam. The
growth in the region is fuelled by the booming economies of China, India,
Indonesia, and Vietnam. Pu resin is a preferred choice in the building &
construction industry in APAC. It is in high demand, as it is a low-cost
material that provides low heat conduction coefficient, low density, low water
absorption, relatively good mechanical strength, and good insulating
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.
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