Polyolefin Foam Market worth USD 12.26 billion by 2029: Increasing Need for Sustainable Cooling Solutions to drive the growth of the Polyolefin Foam Market.

Polyolefin Foam Market worth USD 12.26 billion by 2029: Increasing Need for Sustainable Cooling Solutions to drive the growth of the Polyolefin Foam Market.
Polyolefin Foam Market
Polyolefin Foam Market was valued at USD 8.11 Billion in 2021, and it is expected to reach USD 12.26 Billion by 2029, exhibiting a CAGR of 5.3 % during the forecast period (2022-2029)

Pune, Dec 07, 2022: Maximize Market Research has published a new report entitled Polyolefin Foam Market 2021-2029. The Polyolefin Foam Market is estimated to be valued at USD  8.11 billion in 2021. The market is projected to reach a market value of USD 12.26 billion by 2029 and is expected to grow at a CAGR of 5.3 % during the forecast period 2022-2029.

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Polyolefin Foam Market Report Scope:

The major players created affordable diagnostic technology to address the difficulties in sepsis diagnosis. For instance, Inflammatix, a trailblazing molecular diagnostics business, created a health economic model to show that their HostDxTM Sepsis test is more affordable than conventional techniques. The market for polyolefin foam is expanding primarily due to the high prevalence of sepsis, increasing rates of hospital-acquired infections, an increase in the proportion of pneumonia cases, an increase in the number of sepsis procedures, and increased financing for sepsis-related research projects.

Polyolefin Foam Market Overview:

Polyolefins (polyethylene (PE), polypropylene (PP), and their derivatives) are the most significant polymer family in terms of production and consumption and are thus categorized as commodity polymers. They have a wide range of applications because of their low cost and diverse properties. They are excellent polymers for foams due to their excellent combination of hardness, flexibility, and resistance to chemicals and abrasion. Polyolefin foams are made up of a variety of components that are kneaded together with an organic blowing agent and a cross-linking agent. Thermal decomposition of polyolefin resin in a confined atmosphere produces it. Polyolefin is an umbrella word for any chemical produced from an olefin monomer. Polyolefins are classed based on their chemical structure. Any substance generated from an olefin monomer is referred to as polyolefin, which is a general word. According to the kind of olefin used, polyolefins are categorized. Extrusion, injection, and compression molding are just a few of the many processing methods used to create polyolefin foams. Regardless of the method, the three main processes that cause polyolefin foaming are nucleation, cell growth, and stability.

Polyolefin Foam Market Dynamics:

Increased use of renewable energy globally will fuel the market for polyolefin foam.

Many countries are focusing on sustainable development and raising the proportion of overall energy consumption and generation that comes from renewable sources. The European Union is leading the renewable energy industry due to significant investments made to meet climate change goals. Among them are Germany, Sweden, Spain, and Italy. The renewable energy industry is being supported by European governments. Since many appliances are used to produce renewable energy infrastructure or equipment, the demand for polyolefins has increased as the focus has shifted toward the development of renewable energy.

Polyolefin Advanced Group In the Polyolefin Foam Market, Facing the Automotive Challenge and Creating Growth Opportunities

Polypropylene, which comprises a number of enhanced reactor thermoplastic olefins (TPOs) and compounded grades, offers unique solutions to a number of problems plaguing the automobile industry today. The flexibility and cheap cost of polypropylene provide cost-effective and unique design ideas that increase passenger safety and comfort. The reduced density of PP contributes to improved fuel economy and lower raw material costs. Furthermore, the inherent noise, vibration, and harshness (NVH) characteristics of PP contribute to greater passenger comfort. As a result, PP has emerged as the most important thermoplastic material in autos, accounting for more than 50 kg per vehicle on average.

Polyolefin Foam Market Regional Insights:

In 2021, the Asia-Pacific region held the largest market share in the overall polyolefin foam market. During the forecast period, the Asia-Pacific region is expected to dominate the polyolefin foam market. One of the main factors influencing demand for polyolefin foam in the Asia-Pacific region is the rising need for vehicle production in nations like China, Japan, and India, which is expected to boost demand for the material in the area. In the next years, it is anticipated that the building industries in China, India, the US, and Indonesia would grow dramatically. China alone will be responsible for 26.1% of global growth. 

Polyolefin Foam Market Segmentation:

By Resin Type:

  • Ethylene Vinyl Acetate(EVA)
  • Polyethylene(PE)
  • Polypropylene(PP)

By End-Use Industry:

  • Automotive
  • Construction
  • Packaging
  • Others

By Technology:

  • Extrusion Foaming
  • Injecting Moulding Foaming
  • Blown Moulding Foaming
  • Beads Foaming
  • Others

Polyolefin Foam Market Key Competitors:

  • Armacell
  • Arkema
  • Polymer Technologies Inc.
  • Rogers Corporation
  • Dow
  • DuPont
  • Rogers
  • Woodbridge Foam Corporation
  • JSP Corporation
  • Cygtefa (CTF)
  • Sekisui Alveo
  • Reliance Industries
  • Borealis AG
  • Fritz Nauer AG
  • Koepp Schaum GmbH
  • Recticel
  • Sekisui Alveo
  • Synthos
  • Bayer AG
  • Covestro AG
  • Trelleborg AB
  • Zotefoams plc
  • Saint-Gobain
  • Johnson Controls

Key Questions answered in the Polyolefin Foam Market Report are: 

  • What is the Polyolefin Foam Market’s competitive scenario?
  • What are the major factors influencing the growth of the Polyolefin Foam Market?
  • By 2029, which region is predicted to have the greatest share of the Polyolefin Foam Market?
  • What will be the Polyolefin Foam Market CAGR throughout the projected period?
  • Who are the key players in the Polyolefin Foam Market?
  • What important trends in the Polyolefin Foam Market are anticipated to emerge throughout the forecast period?
  • What is the anticipated size of the Polyolefin Foam Market by 2029?
  • In 2021, which firm had the greatest share of the Polyolefin Foam Market?
  • Which application segment is expected to be the market leader in the Polyolefin 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 Type, Cooling Fluids, Application, Data Center, End-Use Industry, and Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading chemical & material research firm, has also published the following reports:

Bio-based Polyurethane Foam Market– The Bio-based Polyurethane Foam Market size is expected to reach USD 58.18 Million by 2029, at a CAGR of 5.9 % during the forecast period. High Demand for Green Buildings to Drive Bio-based Polyurethane Foam Market Growth.

Plastic Films and Sheets Market– The Plastic Films and Sheets Market size is expected to reach USD 178.19 billion by 2029, at a CAGR of 4.5 % during the forecast period. Growing demand for bi-axially oriented films across the world is driving the growth of the market.

Immersion Cooling Fluids Market– The Immersion Cooling Fluids Market size is expected to reach USD 2.93 billion by 2029, at a CAGR of 8.1 % during the forecast period. Increasing Government Initiatives for Carbon-Neutral and Energy-Efficient Data Centers are driving the growth of the market.

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