The Global Polymeric Foams Market is Projected to Reach 24.8 Million Metric Tons by 2022

Strong Energy Efficiency Governance & the Ensuing Focus on Insulation Drives Growth in the Global Polymeric Foams Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Polymeric Foams market. The global Polymeric Foams market is projected to reach 24.8 million metric tons by 2022, driven by robust energy efficiency governance worldwide and the ensuing initiation of a number of measures including the strong focus on insulation in the construction and industrial end-use sectors.    

Polymeric foams are materials manufactured through rapid mixing of solid and gas phase, which results in the formation of foam with a polymer matrix, with air tunnels or air bubbles. Owing to properties such as superior strength-to-weight ratio, acoustic absorption, thermal insulators, flexibility and low density, polymer foams are used in a wide range of products such as disposable packaging for food products, insulation material in buildings, and as cushioning in furniture products. Additionally, high-density cellular plastics find use in furniture, transportation and building products, while low-density foams are utilized in shock absorption, insulation and rigid packaging applications. Polymer foams have emerged as one of the preferred materials for enhancing comfort, improving safety, providing support, and ensuring durability.

The demand for polymeric foams is driven by the material’s versatile use in a wide range of applications such as building & construction, furniture & bedding, packaging, automotive and plastics. With building & construction industry expected to continue gaining strength, growth in this end-use sector will be supported by the increasing need for building insulation. Rising investments in industrial infrastructure in developing economies will foster demand for polyurethane and polystyrene insulation materials. In addition, polymer foams find use in flooring, windows and piping systems. Automotive represents another prominent end-use market, with polymer foams being used in cables, gaskets, cushioning and headliners, among others. The growing use of polymer foam in a number of automotive components including seating, interior panels and upholstery is expected to fuel consumption in automotive applications. With automotive manufacturing activity in developing economies expected to record steady growth, demand in the automotive industry will witness encouraging gains. The market will also be influenced by stringent environment regulations, development of innovative technologies and products that will help expand applications in newer end-use sectors.

As stated by the new market research report on Polymeric Foams, Asia-Pacific represents the largest and the fastest growing market worldwide, led by factors such as recovering construction activity, initiation of new infrastructure development projects, spurt in residential construction as a result of urbanization and  the resulting boom in real estate development, stable demand for automobiles, and increasing consumer spending on home furnishings and a parallel increase in demand for furniture, bedding and carpet underlay. Countries such as India, China and Indonesia will lead growth in Asia in the coming years.

Major players covered in the report include Abriso NV, American Excelsior Company, Armacell Enterprise GmbH & Co. KG, BASF SE, Boyd Corporation, Carpenter Company, Celotex Limited, Covestro AG, Fagerdala World Foams AB, FXI, Huntsman International LLC, JSP Corporation, Recticel, Rogers Corporation, Sealed Air Corporation, Sekisui Alveo AG, Sonoco Products Company, Synthos S.A., Tekni-Plex Inc., The Dow Chemical Company, The Woodbridge Group®, Vita Group and Zotefoams PLC, among others.

The research report titled “Polymeric Foams: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Product Segments analyzed include Polyolefin Foams, Polystyrene Foams, Polyurethane Foams, PVC Foams and Other Polymeric Foams.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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