HOME › Press Releases › Polymer Foam Market worth 171.96 Billion USD by 2021
Polymer Foam Market worth 171.96 Billion USD by 2021
The report "Polymer Foam Market by Type (PU, PS, PVC, Phenolic, Polyolefin, Melamine, and Other), by Application (Packaging, Building & Construction, Furniture & Bedding, Automotive, and Others), by Region (North America, Europe, Asia-Pacific, and Row) - Global Forecasts to 2021", The market size of polymer foam is estimated to grow from USD 105.37 Billion in 2016 to USD 171.96 Billion by 2021, at a CAGR of 8.5%.
Browse 100 market data Tables and 58 Figures spread through 163 Pages and in-depth TOC on "Polymer Foam Market by Type (PU, PS, PVC, Phenolic, Polyolefin, Melamine, and Other), by Application (Packaging, Building & Construction, Furniture & Bedding, Automotive, and Others), by Region (North America, Europe, Asia-Pacific, and Row) - Global Forecasts to 2021"
Early buyers will receive 10% customization on reports.
It is driven by its diverse range of applications namely building & construction, furniture & bedding, packaging and others facilitate. Furthermore, the high demand comes from the automotive sector which finds its usefulness in a myriad of applications such as gaskets, headliners, cushioning, and cables. Environment regulations set for different industry sectors, considered in study facilitate the growth of foams. Among all regions considered, Asia-Pacific and RoW are estimated to witness a strong growth in the next five years. The demand across these regions is reinforced by the emerging markets, namely, China, Brazil, and India.
Building & Construction: The largest application of polymer foam market
Polymer foam are used in various applications such as packaging, building & construction, furniture & bedding, automotive, and others. These are the main applications considered in the report. In 2015, the building & construction application segment accounted for the largest market share, in terms of volume. The automotive application segment is estimated to register the highest CAGR between 2016 and 2021, followed by packaging application.
Rising demand from Asia-Pacific: The major driver for polymer foam market
In 2016, Asia-Pacific is estimated to account for the largest market share, in terms of volume, and is projected to register the highest CAGR between 2016 and 2021. The robust demand in Asia-Pacific is the major driver of the polymer foam market. China led the foam demand owing to increased manufacturing and assembling of vehicles in the past 2–3 years. It is the largest consumer of polymer foam at globally. Other emerging economies such as Brazil, India, and Mexico are projected to have a positive future in this market.
The scope of the report covers detailed information regarding the major factors influencing the growth of the polymer foam market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the market.
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India