HOME Top Market Reports Structural Foam Market by Material (Polyethylene, Polypropylene, Polystyrene, Polyurethane & Others), by Application (Material Handling, Building & Construction, Automotive, Electrical & Electronics, & Others) and by Region - Trends and Forecasts to 2020

Structural Foam Market by Material (Polyethylene, Polypropylene, Polystyrene, Polyurethane & Others), by Application (Material Handling, Building & Construction, Automotive, Electrical & Electronics, & Others) and by Region - Trends and Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: July 2015
Report Code: CH 3617

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Structural foams are thermoplastic products that have a cellular foamed core with a solid skin surrounding the core. It is generally developed through a form of injection molding (structural foam molding) process using a chemical blowing agent or inert gas such as nitrogen and carbon dioxide. While structural foam molding usually employs a low pressure process with injection pressure, generally ranging from 3,000 to 6,000 PSI, high pressure injection is also used to mold structural foams. The major input materials used for manufacturing structural foam are polypropylene, polyethylene, polystyrene, and polyurethane among others. Structural foam is significantly lighter than solid plastic products, having a high strength-to-weight ratio and low-cost tooling.

North America is the biggest market for structural foam, registering a significant share of 53.5% of the global market in 2014. The market pattern of structural foam is continuously showing an upward trend. This is mainly due to the expanding building & construction sector and growing automotive market. Among all countries in this region, the U.S. is the leading consumer of structural foams.

With respect to materials used for the production of structural foam, polyethylene dominated the structural foam market by occupying a share of 49.7% in 2014. Polypropylene is second major thermoplastic used for the manufacture of structural foam, and is expected to grow significantly during the forecast period. Other important materials used are polystyrene and polyurethane. These materials are also expected to grow at a considerable rate in the future.

This study aims to estimate the market of structural foams in 2015 in terms of volume and value, and further project its demand by 2020. This market research study provides a detailed qualitative and quantitative analysis of the structural foam market. It also provides a comprehensive review of market drivers, restraints, and opportunities in this market. Secondary sources referred include company websites, encyclopedia, directories, and databases to identify and collect information useful for this extensive study of structural foam. The primary sources include interviews of experts from related industry, which has helped in verifying and collecting critical information, as well as assessing the future prospects of the structural foam market.

It also includes brief profiling of various market players, including One Plastic Group (Ireland), SABIC (Saudi Arabia), Bayer MaterialScience (Germany), BASF SE (Germany), Changzhou Tiansheng New Materials Co., Ltd. (China), and Evonik Industries (Germany) among others.

Scope of the Report:

This research report categorizes the market for structural foam on the basis of materials, end-user industry, and region. It also presents a forecast of revenue growth, while analyzing trends in each of the submarkets.

On the basis of materials: The structural foam market is segmented on the basis of materials into polyethylene, polypropylene, polystyrene, and polyurethane among others. The structural foam market for each material type is further described in detail in the report with value forecasts.

On the basis of application: The structural foam market is segmented on the basis of application into building & construction, material handling, automotive, and electrical & electronics among other applications. Each application is further described in detail in the report with value forecasts for the mentioned period.

On the basis of region: The structural foam market is segmented by regions into Asia-Pacific, North America, Europe, and RoW. The regions are further segmented by key countries. Some of the major regions considered specifically in the report are the U.S., Canada, Mexico, Germany, the U.K., China, Japan, Taiwan, the Netherlands, South Africa, and Brazil.

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Market Size Estimation
    2.2 Market Breakdown & Data Triangulation
    2.3 Market Share Estimation
           2.3.1 Key Data From Secondary Sources
           2.3.2 Key Data From Primary Sources
           2.3.3 Key Industry Insights
    2.4 Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in the Structural Foam Market
    4.2 Structural Foam Market: By Material
    4.3 Structural Foam Market, By Volume
    4.4 Structural Foam Market Attractiveness
    4.5 Structural Foam Market: By Industry
    4.6 Structural Foam Market: Highest vs Fastest Growing Region
    4.7 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 Structural Foam Market, By Material
           5.3.2 Structural Foam Market, By Industry
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Versatile and Unique Physical Properties
                    5.4.1.2 Increasing Demand From End-Use Industries
                    5.4.1.3 Increasing Focus on the Development of the Wind Energy Sector
                    5.4.1.4 Change in Government Regulations
           5.4.2 Restraints
                    5.4.2.1 High Equipment Cost
                    5.4.2.2 Fluctuating Raw Material Prices
           5.4.3 Opportunities
                    5.4.3.1 Scope for Global Business Expansion
           5.4.4 Challenges
                    5.4.4.1 Technical Issues in Manufacturing

6 Industry Trends (Page No. - 48)
    6.1 Introduction
    6.2 Supply Chain Analysis
    6.3 Raw Material Analysis
    6.4 Porter’s Five Forces Analysis
           6.4.1 Bargaining Power of Suppliers
           6.4.2 Threat of New Entrants
           6.4.3 Threat of Substitutes
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Rivalry

7 Structural Foam Market, By Material (Page No. - 54)
    7.1 Introduction
    7.2 Polyethylene
    7.3 Polypropylene
    7.4 Polystyrene
    7.5 Polyurethane
    7.6 Other Materials
           7.6.1 Polycarbonate (PC)
           7.6.2 Polyphenylene Ether (PPO)
           7.6.3 Polyvinyl Chloride (PVC)
           7.6.4 Acrylonitrile Butadiene Styrene (ABS)
           7.6.5 Polymethacrylimide (PMI), Polyethersulfone (PES), Polyphenylsulfone (PPSU)

8 Structural Foam Market, By Industry (Page No. - 72)
    8.1 Introduction
    8.2 Material Handling
    8.3 Building & Construction
    8.4 Automotive
    8.5 Electrical & Electronics
    8.6 Others

9 Regional Analysis (Page No. - 84)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Asia-Pacific
           9.3.1 China
           9.3.2 Japan
           9.3.3 Taiwan
           9.3.4 Indonesia
           9.3.5 South Korea
           9.3.6 India
    9.4 Europe
           9.4.1 Germany
           9.4.2 U.K.
           9.4.3 Spain
           9.4.4 Belgium
           9.4.5 The Netherlands
           9.4.6 Italy
           9.4.7 France
    9.5 Rest of the World
           9.5.1 Brazil
           9.5.2 Argentina
           9.5.3 South Africa

10 Competitive Landscape (Page No. - 139)
     10.1 Introduction
     10.2 Competitive Situations & Trends
             10.2.1 Expansions
             10.2.2 New Product Launches/Developments
             10.2.3 Agreements
             10.2.4 Joint Ventures
             10.2.5 Mergers & Acquisitions
             10.2.6 Partnerships

11 Company Profiles (Page No. - 144)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 Evonik Industries
     11.3 Saudi Basic Industries Corporation (SABCI)
     11.4 GI Plastek
     11.5 Oneplastics Group
     11.6 Armacell International S.A.
     11.7 BASF SE
     11.8 The DOW Chemical Company
     11.9 Bayer Material Science
     11.10 Diab Group
     11.11 Gurit Holding AG
     11.12 Mitsubishi Engineering-Plastics Corporation
     11.13 Changzhou Tiansheng New Materials Co., Ltd.
     11.14 Season Group International Co., Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 178)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (137 Tables)

Table 1 Raw Materials Used for Structural Foams
Table 2 Comparison of Structural Foam Material
Table 3 Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 4 Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 5 Polyethylene Properties
Table 6 Polyethylene Structural Foam Properties
Table 7 Polyethylene Structural Foam Market Size, By Region, 2013–2020 (Kiloton)
Table 8 Polyethylene Structural Foam Market Size, By Region, 2013–2020 (USD Million)
Table 9 Polypropylene Properties
Table 10 Polypropylene Structural Foam Properties
Table 11 Polypropylene Structural Foam Market Size, By Region, 2013–2020 (Kiloton)
Table 12 Polypropylene Structural Foam Market Size, By Region, 2013–2020 (USD Million)
Table 13 Polystyrene Properties
Table 14 Polystyrene Structural Foam Properties
Table 15 Polystyrene Structural Foam Market Size, By Region, 2013-2020 (Kilo Tons)
Table 16 Polystyrene Structural Foam Market Size, By Region, 2013-2020 (USD Million)
Table 17 Polyurethane Properties
Table 18 Polyurethane Structural Foam Properties
Table 19 Polyurethane Structural Foam Market Size, By Region, 2013–2020 (Kiloton)
Table 20 Polyurethane Structural Foam Market Size, By Region, 2013–2020 (USD Million)
Table 21 Other Structural Foam Market Size, By Region, 2013–2020 (Kiloton)
Table 22 Other Structural Foam Market Size, By Region, 2013–2020 (USD Million)
Table 23 Structural Foam Market Size for Material Handling (Volume & Value), 2013–2020
Table 24 Structural Foam Market Size in Material Handling, By Region, 2013–2020 (Kiloton)
Table 25 Structural Foam Market Size in Material Handling, By Region, 2013–2020 (USD Million)
Table 26 Structural Foam Market Size in Building & Construction (Volume & Value), 2013–2020
Table 27 Structural Foam Market Size in Building & Construction, By Region, 2013–2020 (Kiloton)
Table 28 Structural Foam Market Size in Building & Construction, By Region, 2013–2020 (USD Million)
Table 29 Structural Foam Market Size in Automotive (Volume & Value), 2013–2020
Table 30 Structural Foam Market Size in Automotive, By Region, 2013–2020 (Kiloton)
Table 31 Structural Foam Market Size in Automotive, By Region, 2013–2020 (USD Million)
Table 32 Structural Foam Market Size in Electrical & Electronics (Volume & Value), 2013–2020
Table 33 Structural Foam Market Size in Electrical & Electronics, By Region, 2013–2020 (Kiloton)
Table 34 Structural Foam Market Size in Electrical & Electronics, By Region, 2013–2020 (USD Million)
Table 35 Structural Foam Market Size in Others (Volume & Value), 2013–2020
Table 36 Structural Foam Market Size in Others, By Region, 2013–2020 (Kiloton)
Table 37 Structural Foam Market Size in Others, By Region, 2013–2020 (USD Million)
Table 38 Structural Foam Market Size, By Region, 2013-2020 (Kiloton)
Table 39 Structural Foam Market Size, By Region, 2013-2020 (USD Million)
Table 40 North America: Structural Foam Market Size, By Material, 2013-2020 (Kiloton)
Table 41 North America: Structural Foam Market Size, By Material, 2013-2020 (USD Million)
Table 42 North America: Structural Foam Market Size, By Industry, 2013-2020 (Kiloton)
Table 43 North America: Structural Foam Market Size, By Industry, 2013-2020 (USD Million)
Table 44 U.S.: Structural Foam Market Size, By Material, 2013-2020 (Kiloton)
Table 45 U.S.: Structural Foam Market Size, By Material, 2013-2020 (USD Million)
Table 46 U.S.: Structural Foam Market Size, By Industry, 2013-2020 (Kiloton)
Table 47 U.S.: Structural Foam Market Size, By Industry, 2013-2020 (USD Million)
Table 48 Canada: Structural Foam Market Size, By Material, 2013-2020 (Kiloton)
Table 49 Canada: Structural Foam Market Size, By Material, 2013-2020 (USD Million)
Table 50 Canada: Structural Foam Market Size, By Industry, 2013-2020 (Kiloton)
Table 51 Canada: Structural Foam Market Size, By Industry, 2013-2020 (USD Million)
Table 52 Mexico: Structural Foam Market Size, By Material, 2013-2020 (Kiloton)
Table 53 Mexico: Structural Foam Market Size, By Material, 2013-2020 (USD Million)
Table 54 Mexico: Structural Foam Market Size, By Industry, 2013-2020 (Kiloton)
Table 55 Mexico: Structural Foam Market Size, By Industry, 2013-2020 (USD Million)
Table 56 Asia-Pacific: Structural Foam Market Size, By Material, 2013-2020 (Kiloton)
Table 57 Asia-Pacific: Structural Foam Market Size, By Material, 2013-2020 (USD Million)
Table 58 Asia-Pacific: Structural Foam Market Size, By Industry, 2013-2020 (Kiloton)
Table 59 Asia-Pacific: Structural Foam Market Size, By Industry, 2013-2020 (USD Million)
Table 60 China: Structural Foam Market Size, By Material, 2013-2020 (Kiloton)
Table 61 China: Structural Foam Market Size, By Material, 2013-2020 (USD Million)
Table 62 China: Structural Foam Market Size, By Industry 2013-2020 (Kiloton)
Table 63 China: Structural Foam Market Size, By Industry, 2013-2020 (USD Million)
Table 64 Japan: Structural Foam Market Size, By Material, 2013-2020 (Kiloton)
Table 65 Japan: Structural Foam Market Size, By Material, 2013-2020 (USD Million)
Table 66 Japan: Structural Foam Market Size, By Industry, 2013-2020 (Kiloton)
Table 67 Japan: Structural Foam Market Size, By Industry, 2013-2020 (USD Million)
Table 68 Taiwan: Structural Foam Market Size, By Material, 2013-2020 (Kiloton)
Table 69 Taiwan: Structural Foam Market Size, By Material, 2013-2020 (USD Million)
Table 70 Taiwan: Structural Foam Market Size, By Industry, 2013-2020 (Kiloton)
Table 71 Taiwan: Structural Foam Market Size, By Industry, 2013-2020 (USD Million)
Table 72 Indonesia: Structural Foam Market Size, By Material, 2013-2020 (Kiloton)
Table 73 Indonesia: Structural Foam Market Size, By Material, 2013-2020 (USD Million)
Table 74 Indonesia: Structural Foam Market Size, By Industry, 2013-2020 (Kiloton)
Table 75 Indonesia: Structural Foam Market Size, By Industry, 2013-2020 (USD Million)
Table 76 South Korea: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 77 South Korea: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 78 South Korea: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 79 South Korea: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 80 India: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 81 India: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 82 India: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 83 India: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 84 Europe: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 85 Europe: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 86 Europe: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 87 Europe: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 88 Germany: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 89 Germany: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 90 Germany: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 91 Germany: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 92 U.K.: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 93 U.K.: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 94 U.K.: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 95 U.K.: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 96 Spain: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 97 Spain: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 98 Spain: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 99 Spain: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 100 Belgium: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 101 Belgium: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 102 Belgium: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 103 Belgium: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 104 The Netherlands: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 105 The Netherlands: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 106 The Netherlands: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 107 The Netherlands: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 108 Italy: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 109 Italy: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 110 Italy: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 111 Italy: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 112 France: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 113 France: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 114 France: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 115 France: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 116 RoW: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 117 RoW: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 118 RoW: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 119 RoW: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 120 Brazil: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 121 Brazil: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 122 Brazil: Structural Foam Market Size, By Industry, 2013-2020 (Kiloton)
Table 123 Brazil: Structural Foam Market Size, By Industry, 2013-2020 (USD Million)
Table 124 Argentina: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 125 Argentina: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 126 Argentina: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 127 Argentina: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 128 South Africa: Structural Foam Market Size, By Material, 2013–2020 (Kiloton)
Table 129 South Africa: Structural Foam Market Size, By Material, 2013–2020 (USD Million)
Table 130 South Africa: Structural Foam Market Size, By Industry, 2013–2020 (Kiloton)
Table 131 South Africa: Structural Foam Market Size, By Industry, 2013–2020 (USD Million)
Table 132 Expansions, 2011–2015
Table 133 New Product Launches /Developments, 2011-2015
Table 134 Agreements, 2011–2015
Table 135 Joint Ventures, 2011–2015
Table 136 Mergers & Acquisitions, 2011–2015
Table 137 Partnerships, 2011–2015


List of Figures (60 Figures)

Figure 1 Structural Foam Market Segmentation
Figure 2 Structural Foam Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Breakdown of Primary Interviews, By Company Type, Designation, & Region
Figure 6 Market Breakdown and Data Triangulation
Figure 7 North America Was the Largest Market of Structural Foam in 2014
Figure 8 Material Handling Industry to Dominate the Structural Foam Market Between 2015 and 2020
Figure 9 Structural Foam Market in Asia-Pacific to Register the Highest Growth During the Projected Period
Figure 10 Structural Foam Market Size, By Value (2015-2020)
Figure 11 Polypropylene to Be the Fastest-Growing Structural Foam Material Between 2015-2020
Figure 12 Material Handling Accounts for the Largest Share Followed By Building & Construction in the Structural Foam Market in 2014
Figure 13 Asia-Pacific Was the Fastest-Growing Market for Structural Foams in 2014
Figure 14 North America Accounted for the Largest Market Share in Terms of Volume for Structural Foams, By Industry in 2014
Figure 15 China is Estimated to Grow at A Higher Rate in Comparison With Other Countries During the Forecast Period
Figure 16 High Growth Potential in Europe and Asia-Pacific Regions in the Forecast Period for Structural Foams
Figure 17 Rapid Development of Structural Foam Market for Industry Applications (1963 – 2014)
Figure 18 Structural Foam Market, By Material
Figure 19 Structural Foam Market, By Industry
Figure 20 Drivers, Restraints, Opportunities, and Challenges in the Structural Foam Market
Figure 21 Supply Chain Analysis
Figure 22 Porter’s Five Forces Analysis
Figure 23 Polyethylene to Dominate the Structural Foam Market, 2015 vs 2020
Figure 24 Polyethylene: Market Share, By Type, 2014
Figure 25 Polyethylene Structural Foam Market Size, By Region, 2015 vs 2020
Figure 26 Polypropylene Foam: By Type
Figure 27 Asia-Pacific is the Fastest-Growing Market for Polystyrene Structural Foam Materials, 2015 vs 2020
Figure 28 Material Handling Industry Dominated the Overall Structural Foam Market in 2014
Figure 29 North America is the Largest Market for Structural Foam in Material Handling, 2015 vs 2020
Figure 30 Asia-Pacific is Expected to Drive the Structural Foam Market in the Others Segment, 2015 vs 2020
Figure 31 Structural Foam Market Share, By Region, 2014 (Value)
Figure 32 Structural Foam Market in Different Industries, By Region, 2015-2020
Figure 33 North America – Biggest Structural Foam Market, Globally, 2014 & 2020
Figure 34 U.S. Structural Foam Market, By Industry, 2015 vs 2020 (USD Million)
Figure 35 Asia-Pacific Presents High Growth Opportunities in Structural Foam Market, 2020
Figure 36 China Structural Foam Market, By Industry, 2015 vs 2020 (USD Million)
Figure 37 Germany: Structural Foam Market Size, By Industry, 2015 vs 2020 (USD Million)
Figure 38 Brazil: Structural Foam Market, By Industry, 2015 vs 2020 (USD Million)
Figure 39 Expansions & Investments: Most Preferred Strategy By Key Companies,2011-2015
Figure 40 Battle for Market Share: Expansions & Investments Was the Key Strategy, 2011–2015
Figure 41 Regional Revenue Mix of Top 3 Market Players
Figure 42 Evonik Industries: Company Snapshot
Figure 43 Evonik Industries: SWOT Analysis
Figure 44 Saudi Basic Industries Corporation: Company Snapshot
Figure 45 Saudi Basic Industries Corporation: SWOT Analysis
Figure 46 GI Plastek: SWOT Analysis
Figure 47 Oneplastics Group: SWOT Analysis
Figure 48 Armacell International S.A.: SWOT Analysis
Figure 49 BASF SE: Company Snapshot
Figure 50 BASF SE: SWOT Analysis
Figure 51 The DOW Chemical Company: Company Snapshot
Figure 52 The DOW Chemical Company: SWOT Analysis
Figure 53 Bayer Material Science: Company Snapshot
Figure 54 Bayer Material Science: SWOT Analysis
Figure 55 Diab Group: Company Snapshot
Figure 56 Diab Group : SWOT Analysis
Figure 57 Gurit Holding AG: Company Snapshot
Figure 58 Gurit Holding AG: SWOT Analysis
Figure 59 Changzhou Tiansheng New Materials Co.: Company Snapshot
Figure 60 Season Group International: Company Snapshot

The structural foam market has witnessed a significant growth in the recent years, and this growth is projected to continue in the future as well. The structural foam market is projected to register a high CAGR during the forecast period, due to its unique properties such as high strength-to-weight ratio, durability, design flexibility, shock absorption attributes, electrical & thermal insulation properties, and corrosion-resistance among others. Owing to these properties, structural foam is used in a wide range of end-user industries, such as material handling, building & construction, automobiles, and electrical & electronics among others.

The structural foam market is projected to reach $31.9 Billion by 2020, signifying firm annualized growth of ~6% between 2015 and 2020.

Currently, North America is the biggest market for structural foam, accounting for 53.5% of the total structural foam market. Among all countries in this region, the U.S. dominates the structural foam market. Structural foam is grouped according to the specific thermoplastic material used for its production. The major materials used for producing structural foam are polyethylene, polypropylene, polystyrene, and polyurethane. On the basis of material, the polyethylene structural foam is the largest consumed product type among all thermoplastic structural foams.

On the basis of end-user, the structural foam market is further categorized into material handling, building & construction, automobiles, and electrical & electronics among other industries. The material handling industry is the biggest consumer of structural foam. The rapid replacement of wooden pallets with plastic pallets, especially structural foam pallets, is one of the major reasons for the dominance of material handling sector in the global structural foam market. Moreover, rapid expansion of the building & construction sector induced by massive economic growth and industrialization, and the growing automotive sector in emerging economies are factors driving the overall demand for structural foam.

Major players of structural foam include One Plastic Group (U.K.), Season Group (Hong Kong), SABIC (Saudi Arabia), Bayer MaterialScience (Germany), Armacell (Luxembourg), BASF SE (Germany), Changzhou Tiansheng New Materials Co., Ltd. (China), Evonik Industries (Germany), and GI Plastek (U.S.).

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