According to Technavio’s latest market research study, the global polymer foam market is expected to grow at a CAGR of more than 8% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global polymer foam market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the resin type
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The top three revenue contributing resin segments are discussed below
Global PU foam market: The growth of the global PU foam market works in tandem with the growth of the construction and infrastructure industries and the bolstering of the global automotive industry. Factors such as population growth and rising disposable incomes in countries such as India is expected to reflect positively on the demand for PU foam in the global market through 2021.
“The demand for PU from various end-users such as the automotive industry is expected to increase during the forecast period. To meet the high demand, the vendors in the market are investing substantially in R&D to develop bio-based PU,” says Ajay Adikari, a lead analyst at Technavio for research on plastics, polymers, and elastomers.
Global PS foam market: PS foam is used primarily in packaging applications such as food containers, disposable dishes, and egg cartons; and for insulated concrete form and structured insulated panel building systems. Expandable polystyrene (EPS) and extruded polystyrene (XPS) are the two commonly used varieties of PS foam.
Global PVC foam market: PVC foams are closed cell and moisture-resistant foams that have better physical properties in comparison to other foams such as PS and PU. PVC is a thermoset; is resistant to styrene and other solvents; and is compatible with adhesives and laminating resins.
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The top vendors operating in the global polymer foam market are:
- Armacell
- Arkema
- BASF
- The Dow Chemical Company
- Rogers Communications
Other prominent vendors in the market include Mitsui Chemicals, Huntsman International, FXI Innovations, Recticel, Foam Partner, Europur, Woodbridge Group, Zotefoams, The Vita Group, JSP, Evonik, Boyd, and SABIC.
A more detailed analysis is available in the Technavio report titled, ‘Global Polymer Foam Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Medical Polymers Market 2017-2021
- Global Biodegradable Polymers Market 2017-2021
- Global Electroactive Polymers Market 2017-2021
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