Global Polyolefin Foam Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 4.3% over the forecast period 2020-2027.
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Polyolefin Foam Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
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Polyolefin Foam Market overview
Polyolefin foam are used to make soft, lightweight, flexible, and resilient products. Polyolefin foams offer outstanding qualities such as flame resistance, thermal insulation, thermal resistance, and resistance to impact depending on their particular grades. They are simpler to press and punch mold compared to other foams, easier to cut, and offer a wide variety of manufacturing options for many applications such as molding. Increasing demand from various end-use industries in building & construction, packaging, automotive, and furniture & bedding has made a positive impact on the market.
Polyolefin Foam Market Dynamics.
Polyolefin foam are used in the manufacturing of automotive vehicle to develop economic vehicle model that are fuel-efficient and lightweight in structure. Polyolefin foam has a wide range of applications in automotive interior materials such as, trunk mats, door trim, and cushioning material for headliners. Besides, manufacturing of other components such as headrest, armrest, passenger car cushions are driving the polyolefin foam market growth.
Research & development activities coupled with technological advancement and constant innovations in polyolefin foam are leading to a surge in the market growth. For example, technological advancement in bio-based polyols and non-toxic isocyanates has encouraged manufacturers for the adoption of polyolefin foam. The enhancement of the polyolefin foam properties, according to various end-use applications as well as due to the recent development in cross-linked and non-cross-linked methods has made a positive impact on the market. Increasing demand for sporting goods, footwear, medical applications and other miscellaneous applications made from polyolefin foam is driving the market growth.
However, it is expected that fluctuations in the cost of raw materials may hamper the growth of the Polyolefin Foam market.
Global Polyolefin Foam Market: Market Segmentation
Global Polyolefin Foam Market is segmented by applications into packaging, building & construction, furniture & bedding, automotive, and others. Packaging is dominating in this segment. Polyolefin foam is non-toxic this led to increasing demand for packaging industry for packaging different eatables. Polyolefin foam are available in various form such as sheets, blocks, rolls and laminates thus are extensively used packaging of electronic and electrical products such as TV computers/monitors, refrigerators, washing machines, electronic equipment’s, glassware, ceramics, polyester yarn/films. Besides, other applications such as in handicrafts, printers, UPS, currency teller machines, diagnostic kits, and surgical equipment’s, fragile and other delicate products. Increasing logistic applications is projected to drive the polyolefin foam market in this segment over the upcoming years.
Global Polyolefin Foam Market: Regional Analysis
Geographically, polyolefin foam market is segregated across North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
The Asia pacific accounted for a prominent market share of xx% in 2019 and is expected to continue its prominence during the forecast period. Increasing infrastructure development is increasing the demand for polyolefin foam market in Asia pacific. Also, increasing focus on research & development activities in polyolefin foam and rise in automotive manufacturing activity is driving the growth in this region.
In terms of value, North America held second largest market share of xx% in 2019 and is projected to grow at a CAGR of xx% by the end of 2027. In North America, government favourable policies for chemical industry and increasing demand from packaging, marine and aviation industry has upsurge the market growth. Besides, rising FDA investment is showing a Northward trend for polyolefin foam market.
Report covers in-depth analysis of key development, marketing strategies, supply-side, and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Polyolefin Foam Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Polyolefin Foam Market dynamics, structure by analyzing the market segments and project Global Polyolefin Foam Market Clear representation of competitive analysis of key players by price, financial position, Type portfolio, growth strategies, and regional presence in the Global Polyolefin Foam Market make the report investor’s guide.
Global Polyolefin Foam Market Competitive Landscape:
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Global Polyolefin Foam Market, by Type
• Polyvinyl chloride (PVC)
Global Polyolefin Foam Market, by Applications
• Building & construction
Global Polyolefin Foam Market, by Region
• North America
• South America
• Middle East & Africa
Global Polyolefin Foam Market Major Players
• BASF SE
• JSP Corporation
• Armacell International S.A.
• Dow Chemical Company
• Borealis AG
• Woodbridge Foam Partner
• INEOS Styrenics
• British Vita Foams Plc.
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