Pune, 7, Dec, 2022: Maximize Market research published report on Foam Market covers an extensive regional analysis and competitive landscape. Over the forecast period, Maximize Market research expects, the market to growth from 94.2 Bn. in 2021 to 137.17 Bn. in 2029 at a CAGR of 4.81%, Asia Pacific being the largest market with more than 35% share of the global revenue in 2021.
Foam Market Scope and Research Methodology
The comprehensive analysis of the Foam Market is provided in a simple language. Segment wise analysis is provided for the easy understanding. Segments are based on type, resin type and end-use industry. The report covers all the major aspects of the Foam Market that provides the study of key players which includes market leaders, followers, and new entrants.
SWOT analysis was conducted to for the strengths and weaknesses of the Foam Market. To understand the potential impact of micro-economic factors of the Foam Market, PORTAL and PESTEL analysis was conducted.
To calculate the Foam Market size, the bottom-up approach was used. Data gathered is a mixture of both primary research method and secondary research method for the report. Primary research done in all countries provided deep insights and valuable findings. To validate the key findings of the report, interviews were conducted with suppliers and experts in industries. Secondary data was collected from the list of sources for the maximum reliability of the inferences. This sources include press releases, company annual reports, government websites and others.
Local level, regional level and international level analysis of the market is provided in the report. The report also provides a detailed study of drivers, opportunities, challenges and restraints of Foam. Thus, the report gives the futuristic view of the Foam Market.
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Foam Market Overview
Materials that are formed by trapping the pockets of gas in a solid or liquid are known as foams. Polyurethane, polyvinyl chloride, phenolic, and polystyrene are the important chemical resins used in its production. Foams are hypoallergenic, non-toxic, and lightweight which are the main advantages of it. In many industry verticals they are used like aerospace, furniture, construction, electronics, packaging and medicine. It also helps automakers handle problems.
Foam Market Dynamics
Polyurethane foam in building insulation for energy conservation is increasing in demand which is expected to drive the Foam Market.
Polyurethane helps to protect device from dust and heat. It preserves the beauty of the device. Due to the rising demand of smartphones and LED televisions, the demand of foam for electronic packaging is increasing.
Methylenediphenyl diisocyanate (MDI) and toluene diisocyanate (TDI) are the raw materials used in manufacturing of PU foams which are dangerous for health. Due to this the stringent laws regarding the production of polyurethane foam to act as a restraint for the growth of market.
Foam Market Regional Insights
The rising demand for foam in the furniture industry and the immense growth of building and construction sector is driving the growth of Foam Market in Asia Pacific region.
During the forecast period, North America’s Foam industry is expected to grow at a highest growth rate. The increasing use of foam in automobiles, turbines and building and construction projects in U.S. and Canada are responsible for the Foam Market’s growth in the region.
Foam Market Segmentation
By Resin Type
- Polyurethane
- Polystyrene
- Polyolefin
- Phenolic
- PET
- Others
By Type
- Flexible Foam
- Rigid Foam
By End-Use Industry
- Building & Construction
- Packaging
- Automotive
- Others
Foam Market Key Competitors Include:
North America:
- Rogers Corporation (U.S.)
- Sealed Air Corporation(U.S.)
- DuPont (U.S.)
- The Dow Company (US)
- Nova Chemicals Corp (Canada)
- Alpek (Mexico)
Asia Pacific:
- JSP (Japan)
- Kaneka Corporation (Japan)
- Loyal Group (China)
- Jiangsu Leasty Chemicals Co., Ltd. (China)
- Wuxi Xingda New Foam Plastics Materials Co., Ltd. (China)
- Taita Chemical Co., Ltd. (Taiwan)
- Reliance Industries (India)
Europe:
- BASF (Germany)
- Armacell International S.A. (Germany)
- Recticel (Belgium)
- Arkema (France)
- Zotefoams Plc (UK)
- Synthos S.A (Poland)
- Total SE (France)
- Versalis S.p.A (Italy)
Middle East & Africa:
- SABIC (Saudi Arabia)
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Key questions answered in the Foam Market are:
- What is Foam?
- What is the growth rate of Foam Market?
- What is the nature of competition in Foam industry in developed and developing economies?
- Who are the key players in the Foam Market?
- Who are the market leaders in Foam industry in Europe?
- Who are the market leaders in Foam industry in North America?
- Who are the market leaders in Foam Market in Asia Pacific?
- What are the factors affecting growth in the Foam Market?
- Who held the largest market share in Foam Market?
- What are the factors for the growth of Asia-Pacific region in Foam Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Resin Type, Type and End-Use Industry
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading material and chemical research firm, has also published the following reports:
Syntactic Foam Market – The Global Syntactic Foam Market is expected to reach USD 188.22 million by 2029 at a CAGR of 5.2 percent during the forecast period. The Syntactic Foam Market is expected to be driven by increasing activity in deep and ultra-deep waters.
Bio-based Polyurethane Foam Market: The market was valued at USD 36.78 Million in 2021, and is expected to reach USD 58.18 Million by 2029, exhibiting a CAGR of 5.9 % during the forecast period (2022-2029). As a result of increased expenditures in smart energy-efficient business and residential structures, green buildings are progressively entering the construction market.
Polystyrene Foam Market-The Global Polystyrene Foam market is expected to reach USD 26.47 Billion by 2029 at a CAGR of 4.25 percent during the forecast period. The Polystyrene Foam Market is expected to be driven by rising demand of Polystyrene Foam from the Packaging Industry
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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