Polymer Foam Market – Global Industry Analysis, Market Size Estimation and Growth Forecast By Types (polyurethane foam, polystyrene foam, polyvinyl chloride foam, phenolic foam, polyolefin foam), By Structure (rigid polymer foam, flexible polymer foam), By End User (packaging, automotive, textile, aerospace and defense, furniture manufacturing, textile) and By Regions (North America, Europe, Asia Pacific, Middle East & Africa, Latin America), 2017 – 2025

Polymer Foam Market - Introduction

The global polymer foam market is expected to experience healthy growth rate in coming years. Polymer foam market is segmented in terms of types, structure, end user, and geography. Polymer foams are synthesized from different polymers including polyurethanes, polyvinyl chloride, phenolic, polystyrene etc. Polymer foam has applications including insulation, cushion, and absorbents among others. Applications of polymer foam are spread across different industry verticals such as construction, automotive, packaging, aerospace, and defense etc. Rising application of flexible polymer foam in furniture manufacturing, sports equipment manufacturing, acoustic instrument development, textile manufacturing etc. is acting as push factor market. Advancement in the field of flexible form of foam has acted as catalyst for product innovation related to different varieties of polymer foams.

Report Overview
Aspect Details
Base Year of Estimation 2016
Value Estimation Year 2017
Forecast Period 2017 - 2025
Market Segmentations By type, structure, end user, region
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America
Report Coverage Technology Analysis, Market Dynamics, Market Trends, Segmentation Overview and Competitive Landscape of the market

 

Technology Analysis

Polymer foams are produced through series of process including nucleation and growth of gas bubbles within polymer matrix. Nucleation mechanism include bubble formation, bubble growth and bubble stability. In terms of variety of manufacturing method, polymer foam are produced through different techniques such as Slabstock processing, cold molding and hot molding. In terms of cell structure, polymer foam can be classified as closed cell or open cell foams. In closed cell polymer foam, cells are isolated from each other while cavities are surrounded by cell walls. Due to structural advantage, closed cell polymer foam are used in rigidity and strength applications. In open cell foams, foam cells are connected to each other. This cell structure provides better absorptive capability to polymer foam.

 

Market Dynamics

As of 2016, growth in demand for polymer foam is driven by factors including rising application in manufacturing sector, rising demand for flexible polymer foam in industrial sector and product innovation related to polyurethanes among others. Growth in consumption

Bio-based polyols and reinforced polymer foams are predicted to emerge as a growth opportunity during the forecast period 2017 to 2025.

of polymer foam in construction sector of countries from Asia Pacific has positively impacted the growth of polymer foam market. Polyurethanes help in insulating buildings that reduces the consumption of gas, electricity and oil. Due to such energy saving benefits, polyurethane foam is used in smart building construction projects and this in turn driving the growth of polymer foam market. Decrease in demand for polymer foam in disposable food packaging products and stringent government regulations against use of some of variants of polymer foam products are identified as major restraints for market. In coming years, Bio-based polyols and reinforced polymer foams are expected to emerge as the growth opportunity in polymer foam market during the forecast period 2017 to 2025.

 

Market Trends

In recent years, disposable food packaging application of polymer foam has been decreased owing to stringent environment regulation and emergence of low cost substitutes. On the other hand, application of polymer foam in construction sector is increasing and this trend is

A significant proportion of production base for polymer foam is located in the Asia Pacific region.

expected to continue throughout the forecast period. Advancement of automobile designing, increase in customer requirement and stringent safety issues have propelled the application of polymer foam in manufacturing different parts of automobile. Due to proximity of customer base and availability of raw material, significant proportion of production base for polymer foam is located in Asia Pacific. In coming years, growth of polymer foam market in Asia Pacific will remain one of the fastest due to growth in foam consumption in end user industries.In terms of market structure, the fragmented market for polymer foam is resulted due to presence of large numbers of players.

 

Segmentation Overview

By types, the polymer foam market has been segmented into polyurethane foam, polystyrene foam, polyvinyl chloride foam, phenolic foam, polyolefin foam and others. By structure, polymer foam market is divided into rigid polymer foam and flexible polymer foam. By end user, the market has been segmented into packaging, automotive, textile, aerospace and defense, furniture manufacturing, textile etc. In 2016, polyurethane foam held the largest market share owning to its wide application in construction, packaging, automotive and other industrial sectors.

By geography, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America. In terms of revenue and volume, Asia Pacific held the largest share of the polymer foam market. Growth of Asia Pacific polymer foam market is driven by rising consumption in industrial sectors, growth in construction sectors and product innovation offered by manufacturers in terms of end products. North America is expected to become second largest market for polymer foam by end of 2025.

Market Segmentation Overview
By Term Segments
By Type Polyurethane foam, polystyrene foam, polyvinyl chloride foam, phenolic foam, polyolefin foam and others
By Structure Rigid polymer foam and flexible polymer foam
By End User Packaging, automotive, textile, aerospace and defense, furniture manufacturing, textile etc
By Region North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America

 

Competitive Landscape

Leading players operating in the polymer foam market are BASF SE (Germany), Zotefoams PLC (The U.K.), DOW Chemical Company (The U.S.), Rogers Corporation (the U.S.), JSP Corporation (Japan), Armacell International S.A. (Luxembourg) and Foamtec International Co., Ltd. (Thailand). In Asia Pacific, there are multiple local players that produce polymer foam and these companies held significant share of Asian market as of 2016. Leading players such as BASF SE, Zotefoams PLC and others focus on developing new products to retain market position and generate new revenue streams. As compared to Asia and North America, concentration of polymer foam producer is low in countries from Middle East and Africa (MEA).

 

Conclusion

Considering the product innovation, rising applications in end use industries and rise in construction sector in emerging economies, it has been estimated that the market for polymer foam market is about to accelerate in coming years. Furthermore, market penetration of bio-based polyols and reinforced polymer foams in industrial applications is expected to drive the growth of the market. Due to conjoint impact of push factors, polymer foam market is estimated to experience significant growth during the forecast period.

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KEY QUESTIONS ANSWERED BY THE REPORT
What will be the nature of growth of the market till 2025?
What are the major push factors that will affect the growth of the market?
What are the growth possibilities in different segments of the market?
Who are the leading market players?
What are the key strategies implemented by the market leaders to sustain growth in the market?
What are the major restraining factors for the market?
What are the ways to generate new revenue streams?
In-depth analysis of the competitive landscape and competitor behavior in the market

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