Polymer Foam Market Size Valuation
On a global scale, the polymer foam market is projected to gain USD 146 billion in six years time. The forecast is expected to be driven by the growing demands from vehicle manufacturing, automobile, and other building industries. Polymer foam is an essential factor in building various kinds of structural constructions that are typically combined with other materials such as fabric underlays, upholstery and padding, vehicle frames, rigid insulation sheets, and other installations pertaining to foam furniture.
Polymer foam is a lightweight material that is highly flexible, durable, and resilient to mildew. On top of that, polymer foam is also a dermatologically safe material that is safe for people of different ages. Thus, polymer foam is acceptable or can be applied to any applications consumers demand. Other features of polyurethane (PU) foams are resistance to corrosion, friction, recyclable which make it a sustainable option, and versatile that can deliver a high degree of flexibility to any geometric designs or forms.
Moreover, PU is used widely in developing fuel-efficient and robust passenger seat cushions, armrests, headrests, airbags, and pretty much almost every part of the interiors of the vehicle. The growing number of conscious consumers and emphasis on opting for biodegradable foam production worldwide has opened many doors to manufacturers in terms of choosing their materials in structuring, designing, and building automobiles.
Polymer foam is all used in car seats
However, such practice costs more than the cost of petroleum-based chemicals and producers or manufacturers of biodegradable foams will have to endure years before fully embracing biodegradable PU foam models or designs.
Polystyrene foam is one of the prominent products used in 2019 garnering a total of 23.60% of sales worldwide. The new wave of polystyrene-based materials brings advanced shock absorption properties which are very ideal for shipping, wrapping, and transporting electrical equipment. They are also best for wrapping cooked food and perishable goods.
Polystyrene-based materials that are more rigid are used mainly for building and refrigeration. Its main purpose is insulation. This material is energy-efficient and helps reduce electricity costs.
In the Asia Pacific, due to the burgeoning rise in China and India in terms of manufacturing, automobile, and wind energy industries was projected to earn the highest growth. It leads to an optimistic outlook which can potentially result in growth in business and a growing focus on research and development aligned with the new policies to increase and entice more people/businesses to invest.
Manufacturers of the same or related industry differentiate their products according to the quality of their end product which directly affects the price. Consistency and purity levels are also taken into account to ensure consistent customer satisfaction and long-term customer relationship. However, if the supply is insufficient in contrast to the demand due to the extensive quality control, commodity prices will also go higher.
Material Type (Revenue, USD Billion; 2017-2027)
- Polystyrene Foam
- Polyurethane foam
- Pvc Foam
- Phenolic Foam
- Polyolefin Foam
- Melamine Foam
- Others
Foam Type (Revenue, USD Billion; 2017-2027)
- Rigid
- Flexible
Application (Revenue, USD Billion; 2017-2027)
- Packaging
- Building & Construction
- Furniture & Bedding
- Automotive
- Rail Wind
- Marine
- Others
The polymer market analysis in major parts of the world including North and Latin America, Europe, Asia Pacific, Africa, and the Middle East are taken into account when analysing their contribution in the industry in terms of import/export, revenue contribution, consumption behaviour, market share, market size, and the key players in their niche.
