Category: Packaging |
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Publisher: Trends Market Research |
Status: On-going |
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Global Foam Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at XX % through 2020 to 2026, reaching nearly US$ XX Mn. The global Foam market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Foam report also provides trends by market segments, technology, and investment with a competitive landscape.
Foams are extensively used in adhesives, sealants, insulation, and binders in various construction sectors and other applications. This in turn boosts the global foam market demand in various sectors.
Foams are highly flexible materials, which help to reduce total infrastructural costs by decreasing energy consumption in buildings. These factors led to increased use of foams for building insulation applications, which, in turn, drives the global foam market. Foam has various types like polymer, polyurethane, and flexible foams. Polyurethane foams are used in various applications like furniture, cushions, and carpets thanks to their favorable properties like low heat, lightweight and sound transfer, insulation, and high energy dissipation. Growing demand for residential and commercial space in Southeast Asian economies including Korea, Indonesia, and Singapore. These aforementioned factors are expected to drive the global foam market demand during the forecast period. Technological advancements in various sectors including building & construction, furniture & bedding, and automotive are contribute to the market growth. Moreover, the growing demand for these sectors is further creates lucrative opportunities for the major players in the market. Strict environmental regulations by US Environmental Protection Agency for new manufacturing players are a major restraining factor for the foam market.
By Type, the foam market is segmented into polyether foam, polyester foam, ethafoam, volara, closed-cell sponge rubber, open-cell sponge rubber, cellulose, and scrubber foams.
Global Foam Market, by Region
• North America • Europe • Asia Pacific • Middle East and Africa • South AmericaGlobal Foam Market Key Player
• BASF SE • Covestro AG • Wanhua Chemical Group Co., Ltd. • Bayer Material Science • Ube Industries, Ltd • Rogers Corporation • The Dow Chemical Company • Recticel NV/SA • Sealed Air Corporation • Huntsman International LLC • Zotefoams Plc. • The Woodbridge Group • Sekisui Alveo AG • Armacell International S.A. • Others