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High Demand for Polymer Foams in Asia-Pacific


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.

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The organic HPPs to account for a significant share of the HPPs market, in terms of volume, during the forecast period
There is great stress on the development of eco-friendly organic pigments based on agricultural feedstock, bio-succinic acid, chlorophyll and others.  These organic HPPs consist of elements that pose less threat to the environment and are in compliance with stringent regulatory norms stipulated in Europe and North America. They also offer better brightness and are high in chroma and thus offer a glossier effect to the applications. Hence, their market share is the largest and would grow during the forecast period.

The coatings application is expected to account for a major share of the HPPs market in terms of value and volume during the forecast period.

Coatings are the major application in the HPPs market owing to wide-scale application in many end-use industries such as automotive & transportation, construction, and industrial, as these pigments not only offer colour but also enhance their sustainability. The use of HPPs in coatings application imparts high insolubility, colour strength, heat stability, weather, and light fastness properties, which are of crucial importance in various end-use industries.
Asia Pacific is the largest and the fastest-growing market for polymer foam
Asia Pacific has been the largest polymer foam market. The market in the region is also projected to register the highest CAGR of 6.81%, in terms of value, between 2017 and 2022. China led the market in the region, owing to increased manufacturing and assembling of vehicles in the past 2–3 years. China is also the largest consumer of polymer foam, globally. The presence of other emerging economies such as India, Indonesia, and Thailand also support the growth of the Asia Pacific market.
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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.

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