Foam Plastics Market Scope

The global foam plastics market is expected to grow at a significant rate during the forecast period, owing to the increasing demand for foam plastics in various end-use industries such as construction, packaging, automotive, and consumer goods. Foam plastics are widely used in insulation, cushioning, and packaging applications due to their lightweight, low thermal conductivity, and good shock absorption properties. Additionally, the growing demand for energy-efficient building materials and the increasing adoption of foam plastics in the automotive industry are expected to drive the market growth. The market is segmented based on type, end-use industry, and region. According to the new market research report "Foam Plastics Market by Type (PU, PS, PO, Phenolic), End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports & Recreational), and Region - Global Forecast to 2025", published by MarketsandMarkets™,

the foam plastics market size for Foam plastics is projected to grow from USD 51.6 billion in 2020 to USD 65.4 billion by 2025, at a CAGR of 4.8%. Foam plastics are largely used in building & construction, packaging, and furniture & bedding. The polyurethane segment is estimated to account for the largest share of the overall market due to its properties such as low heat conduction coefficient, low density, low water absorption, relatively good mechanical strength, and good insulating properties. 

Request for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=260352983

Foam Plastics Market Drivers and Restraints 
 

Foam plastics are widely used in a variety of applications due to their low density, good insulation properties, and ability to be shaped easily. The market for foam plastics is driven by several factors, including increasing demand for energy-efficient insulation materials, growing use of foam plastics in construction and automotive industries, and rising consumer demand for lightweight and durable consumer goods. However, the market is also restrained by factors such as stricter regulations on the use of certain types of foam plastics, as well as concerns about the environmental impact of foam plastics. Additionally, the market faces competition from alternative materials such as cellulose insulation, mineral wool, and polyurethane rigid foam. 

Browse in-depth TOC on "Foam Plastics Market"

119 – Tables

38 – Figures

174 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/foam-plastics-market-260352983.html

Foam Plastics Market Key Players

The key players profiled in the foam plastics market report are

  • BASF SE (Germany)
  • Covestro (Germany)
  • Huntsman International LLC (US)
  • The Dow Chemical Company (US)
  • Wanhua Chemical Group Co., Ltd. (China).

Polyurethane resin segment is projected to be the largest segment of the foam plastics market.

PU resin-based foam is available in a wide range of rigidity, hardness, and density levels. Low-density flexible resin-based foams are used in upholstery, bedding, automotive and truck seating, and novel inorganic plant substrates for roof or wall gardens. PU foams are mainly used in furniture & bedding and building & construction sectors. It is produced by many leading manufacturers. PU resin-based foam is a good choice for insulation and helps in reducing CO2 emissions. It is a versatile substance in terms of its properties and is, therefore, suitable for use in the construction and automotive industries. As the construction industry is growing rapidly in APAC, PU resin plays a dominant role in the growth of the overall foam plastics market in the region.

Footwear, sports & recreational is the fastest-growing segment of the overall foam plastics market.

The footwear, sports & recreational segment is projected to be the fastest-growing end-use industry of foam plastics. The properties offered by foam plastics in 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 foam plastics in sporting goods make the final products lightweight and durable with high mechanical properties.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=260352983

APAC is the largest foam plastics market, globally.

APAC is the leading market for foam plastics. The growth in the region is fueled by the booming economies of China, India, Indonesia, and Vietnam. PU resin based foams are 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.  APAC is a rapidly developing region with growth opportunities for companies willing to invest in high-growth markets.

Key Highlights of Foam Plastics Market Report:

  • The report offers a comprehensive and broad perspective on the global Foam Plastics
  • The market statistics represented in different Foam Plastics segments offer a complete industry picture.
  • Market growth drivers and challenges affecting the development of Foam Plastics are analysed in detail.
  • The report will help in the analysis of major competitive market scenarios, and market dynamics of Foam Plastics.
  • Major stakeholders, key companies Foam Plastics, investment feasibility, and new market entrants’ study are offered.
  • The development scope of Foam Plastics in each market segment is covered in this report. The macro and micro-economic factors affecting the Foam Plastics market.
  • Advancement is elaborated on in this report; The upstream and downstream components of Foam Plastics and a comprehensive value chain are explained. 

*** Also Browse Trending Report of MNM ***

 

https://www.marketsandmarkets.com/Market-Reports/refrigeration-oil-market-126068118.html

https://www.marketsandmarkets.com/Market-Reports/Study-Corrosion-Inhibitor-Market-246.html

https://www.marketsandmarkets.com/Market-Reports/lithium-ion-battery-anode-market-147095907.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]