Polymer Foam Market Share, Analysis, Trends To 2020 by Grand View Research, Inc.
Polymer foams are gaining importance in wind energy systems and in furniture & bedding applications.
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Published on: Mar 4, 2016
Transcripts - Polymer Foam Market Share, Analysis, Trends To 2020 by Grand View Research, Inc.
Grand View Research, Inc: Global Polymer Foam Market,
Market Size, Application Analysis, Regional Outlook,
Competitive Strategies And Forecasts, 2014 To 2020
Growing polymer foam demand from major end-use industries such as
construction, automotive and packaging is expected to remain a major driving
factor for the global market growth over the forecast period. Polymer foams are
gaining importance in wind energy systems and in furniture & bedding
applications. This trend is expected to further complement the global market
growth. Polymer foams such as PU foams are largely used in automotive seating
applications. Increasing automotive production in Brazil, China, India, Indonesia
and Korea along with major manufacturing hubs such as U.S., Japan and Western
Europe are expected to drive the global market.
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Increasing infrastructure spending in emerging markets such as China, India and
Brazil is expected to drive polymer foams demand over the forecast period.
Polyolefins are being widely used in automotive components such as gaskets,
cushioning, headlines and cables. Increasing automotive production is expected to
drive polyolefin foams demand over the forecast period.
Conventional polymers such as polystyrene, PVC and polyolefins are non-
biodegradable and are carcinogenic in nature. Stringent regulations stipulated by
ECHA and EPA regarding the abovementioned factors are expected to act as a
major restraint to the global market growth. Volatile petrochemical pricing,
feedstock to polymers, is expected to further challenge the global market growth.
In order to counter such challenges, companies have shifted towards developing
polymers through bio-based sources. This trend is expected to offset the
Asia Pacific is a major regional polymer foams market and is characterized by
increasing infrastructure spending and growing automotive production. Emerging
markets such as China and India along with Southeast Asian markets are expected
to be major polymer foams consumers in the region. North America and Europe
are expected to witness sluggish growth rates over the forecast period due to
increasing regulatory intervention to reduce reliance on conventional polymers.
Economic crisis in Western Europe has been affecting the growth of industries
such as construction and automotive. This is expected to further constrain
European market growth.
Major companies operating in the global polymer foams market include INEOS
Styrenics, Armacell, BASF SE, Woodbridge Foam Partner, JSP Corporation,
Carpenter Co., Rogers Corporation, British Vita Foams and Recitel SA.
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