The global Foam Plastics market report, published by Emergen and Research, is estimated to garner a robust valuation of USD 73.88 Million in 2027 from USD 73.88 Million in 2028, delivering a steady CAGR of 4.5% over the next eight years, i.e., the forecast duration (2020-2027). The latest report offers a profound analysis of the present market scenario, its key product types, end-user landscape, application outlook, leading regions, competitive terrain, and the leading companies’ detailed profiles.
This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Foam Plastics business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.
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The research study presents an industry-wide summary of the Foam Plastics market including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The global Foam Plastics research report is an investigative study of the market that offers key statistical data with regards to market size, market share, revenue growth, and CAGR over the forecast period 2021-2028.
Major Companies Included in this Report:
SABIC, Alchemie Ltd., BASF SE, Hexion Inc., Lanxess AG, Covestro AG, LyondellBasell Industries Holdings BV, Huntsman International LLC, LG Chem Ltd., and Tosoh Corporation.
Foam Plastics Market Segmentation
Emergen Research has segmented the global foam plastics market on the basis of product type, distribution channel, application, and region:
Product Type Outlook (Revenue, USD Billion; 2018–2028)
Polystyrene
Polyethylene
Polyurethane
Phenolic
Polyolefin
Silicone
Polyvinyl Chloride
Others
Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
Direct
Indirect
Application Outlook (Revenue, USD Billion; 2018–2028)
Packaging
Building & Construction
Automotive
Sports
Footwear
Aerospace
Others
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Some Key Highlights from the Report
In July 2019, Huntington Solution announced acquisition of Texas Foam to increase its production of temperature-sensitive packaging materials for goods sold via e-Commerce channels.
By product type, polystyrene segment accounted for significantly large revenue share in 2020. Polystyrene-based foam plastic material is widely used in packaging and insulation. The material can be used as per requirement of specific applications, owing to its versatile strength. It also has high compressive strength and hence is widely used in heavy load bearing applications. In addition, lower compressive strength materials are extensively used in void forming applications.
By application, building & construction segment accounted for significantly larger revenue share than other application segments in 2020. Foam plastics find extensive use in the building & construction sector for soundproofing and heat insulation, among others. Also, these materials are used as dilatation tapes and placed at vertical obstacles such as walls to provide complete flooring insulation. Foam plastics are appropriate for filling gaps, provide roof flashing, eave sealing, and acts as a barrier against water and oil. In addition, these materials are used in expansion joints and offer noise control solutions for floor joists.
Key questions answered in the Report:
Which region is expected to dominate the market in the coming years?
What are the key outcomes of the SWOT analysis and Porter’s Five Forces analysis?
What are the key risk factors and challenges the companies will face in the market?
What factors are expected to hinder the growth of the No-code Development Platforms industry?
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Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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