[156 Pages Report] The market size for polyolefin foam is projected to grow from USD 8.1 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 5.2%. Growing demand from automotive and packaging industry in APAC is likely to boost the polyolefin foam market.
To know about the assumptions considered for the study, download the pdf brochure
The outbreak of COVID-19 has disrupted the production of raw materials used in polyolefin foam manufacturing. Asian countries such as India, China, Japan, Singapore, and Thailand are the hubs for polyolefin foam manufacturing and are major suppliers of these raw materials. The outbreak of the novel coronavirus in APAC has affected the supply of these raw materials. The break in the supplies of raw materials has reduced the production of polyolefin foam products.
In April 2020, all private buildings and construction sites, government constructions, and refinish automotive businesses were hit drastically.
Polyolefin foam are used in the automotive, packaging and infrastructure industry for flooring, insulation.
Polyolefin foam are costly, and their cost of manufacturing is also growing with the increase in the price of raw material. Raw materials for polyolefin foam vary a lot in terms of prices. In addition to the raw material prices, manufacturers are also burdened with the additional cost incurred due to the increased taxes on energy which results in higher operating costs and lower profit margins.
Several of them are exposed to environmental changes or involve the use of harsh materials. This results in the deterioration in the structure of the equipment or decline in the efficiency of the process, which causes shutdown of the plant or stoppage in the overall operations.
Polyethylene resin segment accounts for the largest share in the polyolefin foam market. The properties of polyethylene foam can be enhanced by adding additives and modifiers to meet the required specifications. They are hard and offer resistance to humidity, abrasion, water, acid, alkali, and seawater. They possess low volatility and are water cleanable. These properties make these coatings ideal for use in metallic surfaces such as cast iron and aluminum.
APAC has emerged as one of the leading producers as well as consumers of polyolefin foam. APAC is the hub of foreign investment and booming industrial sectors due to the low-cost labor and cheap availability of lands. Increase in the demand for polyolefin foam can be largely attributed to the growing packaging, construction, and automotive industries. APAC has a growing automotive industry that is likely to drive the market for polyolefin foam.
The spread of the coronavirus started in China in early January 2020. Within a small period, the spread in other Asian countries such as Japan, South Korea, and Thailand resulted in the pandemic situation, with numerous positive cases and deaths. This situation led national governments across APAC to announce lockdowns, leading to a decrease in traffic, construction & mining activities, manufacturing industries, and so on. Since China is a global manufacturing hub, the impact of COVID-19 is anticipated to be much higher in the country.
The key players operating in the market are BASF SE (Germany), Kaneka Corporation (Japan), JSP Corporation (Japan), Hanwha Total (South Korea).
Years considered for the study
Value (USD) and Volume (Kiloton)
By Resin Type
APAC, Europe, North America, South America, and Middle East & Africa
The major market players BASF SE, Hanwha Total, JSP Corporation, Kaneka Corporation
This research report categorizes the Polyolefin Foam market based on resin type, application, and region.
What is the current size of the global polyolefin foam market?
The global polyolefin foam market is estimated to be USD 8.1 billion 2021 and projected to reach USD 10.5 billion by 2026, at a CAGR of 5.2%
Who are the major players of the polyolefin foam market?
Companies such as BASF SE(Germany), Kaneka Corporation(Japan), JSP Corporation(Japan), are the major players in the market.
Where will all these developments take the industry in the mid-to-long term?
Continuous developments in the market, including new product launches, mergers & acquisitions, investments & expansions, and partnership and agreement are expected to help the market grow. New product launch and merger & acquisition are the key strategies adopted by companies operating in this market.
Which segment has the potential to register the highest market share for polyolefin foam?
Packaging was the largest industry of polyolefin foam, in terms of both volume and value, in 2020. Polyolefin foam are generally used in car to reduce weight, packaging of industrial product
Which is the fastest-growing region in the market?
APAC is the largest market for polyolefin foam globally. China is the largest market, and India is the fastest-growing market for polyolefin foam in the region. The easy availability of raw materials and high demand from end-use industries are driving the market in APAC. Emerging economies such as India, Taiwan, Thailand, and Indonesia also supporting market growth. .
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Table Of Contents
TABLE OF CONTENTS
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.5 UNIT CONSIDERED
2 RESEARCH METHODOLOGY
2.1 RESEARCH DESIGN
2.1.1 SECONDARY DATA
188.8.131.52 Key data from secondary sources
2.1.2 PRIMARY DATA
184.108.40.206 Key data from primary sources
220.127.116.11 Key industry insights
18.104.22.168 BREAKDOWN OF PRIMARY INTERVIEWS
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN THE POLYOLEFIN FOAM MARKET
4.2 POLYOLEFIN FOAM MARKET, BY RESIN TYPE
4.3 POLYOLEFIN FOAM MARKET, BY APPLICATION
4.4 POLYOLEFIN FOAM MARKET, DEVELOPED VS. DEVELOPING COUNTRIES
4.5 POLYOLEFIN FOAM MARKET SHARE, BY COUNTRY
5 MARKET OVERVIEW
5.2 MARKET DYNAMICS
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 INTENSITY OF COMPETITIVE RIVALRY
5.3.2 BARGAINING POWER OF BUYERS
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 THREAT OF SUBSTITUTES
5.3.5 THREAT OF NEW ENTRANTS
5.4 MACROECONOMIC INDICATORS AND KEY TRENDS
5.5 COVID-19 IMPACT ANALYSIS
5.6 VALUE CHAIN ANALYSIS
5.7 PRICING ANALYSIS
6 POLYOLEFIN FOAM MARKET, BY RESIN TYPE
6.2.1 EXPANDED POLYPROPYLENE
6.2.2 EXTRUDED POLYPROPYLENE
6.4 ETHYLENE-VINYL ACETATE
7 POLYOLEFIN FOAM MARKET, BY APPLICATION
8 POLYOLEFIN FOAM MARKET, BY REGION
8.2.4 SOUTH KOREA
8.2.8 REST OF APAC
8.3 NORTH AMERICA
8.4.8 REST OF EUROPE
8.5 SOUTH AMERICA
8.5.3 REST OF SOUTH AMERICA
8.6 MIDDLE EAST & AFRICA
8.6.1 SAUDI ARABIA
8.6.4 REST OF MIDDLE EAST
9 COMPETITIVE LANDSCAPE
9.2 COMPANY EVALUATION QUADRANT MATRIX: DEFINITIONS AND METHODOLOGY, 2020
9.7.2 EMERGING LEADERS
9.7.4 EMERGING COMPANIES
9.3 STRENGTH OF PRODUCT PORTFOLIO
9.4 BUSINESS STRATEGY EXCELLENCE
9.5 MARKET RANKING ANALYSIS
9.6 TOP COMPANY REVENUE ANALYSIS
9.9 COMPETITIVE SCENARIO
9.9.1 NEW PRODUCT DEVELOPMENTS/LAUNCHES
9.9.2 MERGERS & ACQUISITIONS
9.9.3 INVESTMENTS & EXPANSIONS
9.9.4 PARTNERSHIPS & COLLABORATIONS
10 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, right to win)*
10.1 SEALED AIR
10.2 ZOTEFOAMS PLC
10.3 JSP CORPORATION
10.4 KANEKA CORPORATION
10.5 HANWHA TOTAL PETROCHEMICAL
10.6 BASF SE
10.7 FURUKAWA ELECTRIC CO., LTD
10.8 DS SMITH PLC
10.9 SONOCO PRODUCTS COMPANY
10.10 RECTICEL NV
10.12 AUTOMA MULTI STYRENE
10.13 CHEMISCHE FABRIK BUDENHEIM KG
10.14 CLARK FOAM PRODUCTS
10.15 K.K. NAG LTD.
10.16 KNAUF INDUSTRIES
10.18 MITSUI CHEMICALS
10.19 SEKISUI VOLTEK
10.20 PREGIS LLC
10.21 NMC SA
10.23 TORAY INDUSTRIES
10.25 ARMACELL LLC
10.26 DAFA A/S
10.27 SUPREMEN INDUSTRIES LTD
10.28 FOAM PARTNER
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis might not be captured in case of unlisted companies.
11.1 DISCUSSION GUIDE
11.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
11.3 AVAILABLE CUSTOMIZATIONS
11.4 RELATED REPORTS
11.5 AUTHOR DETAILS
The study involves four major activities in estimating the current market size of polyolefin foam. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and sub-segments of the overall market.
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to identifying and collecting information for this study. These secondary sources also included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites, regulatory bodies, trade directories, and databases.
The polyolefin foam market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side of this market is characterized by the development in end-use industries, such as automotive, packaging, construction, others. The supply side is characterized by advancements in technology. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the polyolefin foam market. These methods were also used extensively to estimate the sizes of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
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