Sarasota, FL, May 15, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Polymer Foam Market (Polystyrene Foam, Phenolic Foam, Melamine Foam, PVC Foam, Polyurethane Foam and Polyolefin Foam) for Building & Construction, Packaging, Automotive, Furniture & Bedding and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global polymer foam market was valued at USD 101.50 billion in 2015 and is expected to reach USD 161.0 billion in 2021, growing at a CAGR of 8.0% between 2016 and 2021.
Polymer foam is an inorganic material. It is obtained by the mixture of various resins, gasses, and solid phases. The common resins used for forming polymer form include polyurethane, polystyrene, phenolic and polyvinyl chloride. Raw material such as inorganic chemicals, resins, and refined petroleum solutions are also utilized in polymer foam production. It exploits variant chemical and physical features. Thus, it finds applications in numerous applications such as construction, food and beverages packaging, furniture and wood, automotive and others.
Browse through 55 Market Tables and 39 Figures spread through 110 Pages and in-depth TOC on “Global Polymer Foam Market: - By Type, Applications, Industry Size, Share, Segment and Forecast 2015-2021”.
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Rapidly mounting demand for polymer foam from automotive sector across the world is one of the major driving forces for global polymer foam market. Stringent rules and regulation imposed on different sectors are likely to propel the demand for polymer foam market in predicted years. However, fluctuating prices of raw material and recessionary impact are expected to have the negative impact on the growth of the polymer foam market. Nonetheless, emerging automotive industry, especially in Asia-Pacific region, is likely to witness immense opportunities within the forecast period.
Based on the segmentation, the global polymer foam market is segmented into various types of foam including polystyrene foam, phenolic foam, melamine foam, PVC foam, polyurethane foam and polyolefin foam. Polyurethane foam held as the leader for the market of polymer foam in 2015. It exhibits significant share of the entire volume of the market. This trend is expected to continue in coming years due to flexible cost and strong demand from various end-applications. Polyurethane foam was followed by polystyrene foam and PVC foam in 2015. Moreover, the polyolefin is also expected to witness splendid growth during the upcoming period.
Browse the full "Polymer Foam Market (Polystyrene Foam, Phenolic Foam, Melamine Foam, PVC Foam, Polyurethane Foam and Polyolefin Foam) for Building & Construction, Packaging, Automotive, Furniture & Bedding and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021" Report with TOC at https://www.zionmarketresearch.com/report/polymer-foam-market
Building & construction, packaging, automotive, furniture & bedding and other applications are major applications of global polymer foam market. Building & construction ruled the market by contributing the largest share among all other applications for the year 2015. Immense penetration of polymer foam in the construction sector is expected to continue the dominance over the market in the near future. In addition, packaging was the second largest segment in the market and it is likely to grow at a high CAGR due to the strapping demand in the packaging industry. Automotive and furniture & bedding are also another prominent segment that is likely to grow at the significant rate within the forecast period.
The furniture & bedding, packaging and automotive are the important application segments which are expected to propel the demand for polymer foam in North America region during the coming years. Additionally, countries such as U.S., Canada, and Mexico are expected to register lucrative growth of market owing to the high penetration of products in packaging, automotive, marine, and aviation industries. Furthermore, North America is likely to have immense scope due to the stringent rules and regulations imposed by the government on the automotive industry to lighten the weight of the vehicle.
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Europe was the second largest market for polymer foam in 2015. However, it is also expected to grow at positive CAGR during the predicted years. Germany was the major contributor of polymer foam in the region and accounted for largest share of the market in Europe. Moreover, Italy, UK, and France are expected to experience great demand for polymer foam owing to growing adoption in packaging and furniture industries in the countries.
Asia-Pacific was the largest market for polymer foam in 2015. China was the biggest market for polymer foam. It contributes to the strong proportion of the volume of the region. Growing automotive and construction industry was attributed to this growth. Furthermore, adoption of cost-effective techniques is expected to play an important role in contributing the growth of polymer foam market in near future. India, Malaysia, and Indonesia are expected to grow at lucrative rate owing to the emerging industries coupled with rising disposable incomes in these countries.
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Latin America is also expected to experience a moderate growth in near future. This growth is attributed to the emerging urbanization and expansion of automotive industry in Brazil during the coming five years. Additionally, the Middle East and Africa is likely to experience the decent growth in coming years due to penetration of cost-effective products in industries such as packaging and construction.
Some of the key players of global polymer foam include BASF SE, the DOW Chemical Company, Armacell International S.A., Stepan Company, JSP Corp, INEOS Group, Adeplast S.A., Woodbridge Foam Partner and amongst others.
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The report segments the global polymer foam market as:
Polymer Foam Market: Type Analysis
- Polystyrene Foam
- Phenolic Foam
- Melamine Foam
- PVC Foam
- Polyurethane Foam
- Polyolefin Foam
Polymer Foam Market: Application Analysis
- Building & Construction
- Packaging
- Automotive
- Furniture & Bedding
- Others
Polymer Foam Market: Application Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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