Polyolefin Foam Market

Polyolefin Foam Market by Resin Type (Polyethylene, Polypropylene, Ethylene-Vinyl Acetate), End-use Industry (Protective Packaging, Automotive, Building & Construction, Footwear), and Region - Global Forecast to 2026

Report Code: CH 7893 May, 2021, by marketsandmarkets.com

[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.

Polyolefin Foam Market

To know about the assumptions considered for the study, download the pdf brochure

COVID-19 Impact on the Global Polyolefin Foam Market

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 Market Dynamics

Driver: Growing demand from packaging and automotive industry

Polyolefin foam are used in the automotive, packaging and infrastructure industry for flooring, insulation.

Restraint: High prices of raw materials and energy

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.

Opportunity: Increasing demand for lightweight products.

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.

Challenge: Development of cost-effective products under stringent environmental regulations

Polymer Foam Market Ecosystem

Polyolefin Foam Market by Ecosystem

Polyethylene resin segment accounted for the largest share of the polyolefin foam market in 2021.

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 is the largest polyolefin foam market in the forecast period

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.

Polyolefin Foam Market by Region

Key Market Players

The key players operating in the market are BASF SE (Germany), Kaneka Corporation (Japan), JSP Corporation (Japan), Hanwha Total (South Korea).

Scope of the report

Report Metric

Details

Years considered for the study

2019-2026

Base year

2020

Forecast period

2021–2026

Units considered

Value (USD) and Volume (Kiloton)

Segments

By Resin Type
By Application
By Region

Regions covered

APAC, Europe, North America, South America, and Middle East & Africa

Companies profiled

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.

By Resin Type:

  • Polypropylene
    • Expanded Polypropylene
    • Extruded Polypropylene
  • Polyethylene
    • XLPE
    • NON-XLPE
  • Ethylene-Vinyl Acetate

By Application:

  • Automotive
  • Packaging
  • Construction
  • Others

By Region:

  • APAC
  • Europe
  • North America
  • South America
  • Middle East & Africa

Recent Developments

  • In November 2019, Zotefoams PLC business, has set up a sales and service operation in one of India’s pharma hubs, Ahmedabad, in response to increase demand and opportunity for the technical insulation range.
  • In June 2019, Pregis LLC has invested in a new protective packaging innovation center. It has invested in a new 50,000 square-foot innovation headquarters in Illinois designed to help solve protective packaging challenges

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst


Table Of Contents 
 
TABLE OF CONTENTS

1 INTRODUCTION
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY
    2.1 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 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
    2.4 ASSUMPTIONS
    2.5 LIMITATIONS

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
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
           5.2.2 RESTRAINTS
           5.2.3 OPPORTUNITIES
           5.2.4 CHALLENGES
    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
    5.8 REGULATIONS

6 POLYOLEFIN FOAM MARKET, BY RESIN TYPE
    6.1 INTRODUCTION
    6.2 POLYPROPYLENE
           6.2.1 EXPANDED POLYPROPYLENE
           6.2.2 EXTRUDED POLYPROPYLENE
    6.3 POLYETHYLENE
           6.3.1 XLPE
           6.3.2 NON-XLPE
    6.4 ETHYLENE-VINYL ACETATE

7 POLYOLEFIN FOAM MARKET, BY APPLICATION
    7.1 INTRODUCTION
    7.2 AUTOMOTIVE
    7.3 PACKAGING
    7.4 CONSTRUCTION
    7.5 OTHERS

8 POLYOLEFIN FOAM MARKET, BY REGION
    8.1 INTRODUCTION
    8.2 APAC
           8.2.1 CHINA
           8.2.2 INDIA
           8.2.3 JAPAN
           8.2.4 SOUTH KOREA
           8.2.5 THAILAND
           8.2.6 INDONESIA
           8.2.7 SINGAPORE
           8.2.8 REST OF APAC
    8.3 NORTH AMERICA
           8.3.1 US
           8.3.2 CANADA
           8.3.3 MEXICO
    8.4 EUROPE
           8.4.1 GERMANY
           8.4.2 FRANCE
           8.4.3 RUSSIA
           8.4.4 ITALY
           8.4.5 SPAIN
           8.4.6 UK
           8.4.7 TURKEY
           8.4.8 REST OF EUROPE
    8.5 SOUTH AMERICA
           8.5.1 BRAZIL
           8.5.2 ARGENTINA
           8.5.3 REST OF SOUTH AMERICA
    8.6 MIDDLE EAST & AFRICA
           8.6.1 SAUDI ARABIA
           8.6.2 AFRICA
           8.6.3 IRAN
           8.6.4 REST OF MIDDLE EAST

9 COMPETITIVE LANDSCAPE
    9.1 OVERVIEW
    9.2 COMPANY EVALUATION QUADRANT MATRIX: DEFINITIONS AND METHODOLOGY, 2020
           9.7.1 STAR
           9.7.2 EMERGING LEADERS
           9.7.3 PERVASIVE
           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
     10.11 WOODBRIDGE
     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
     10.17 BOREALIS
     10.18 MITSUI CHEMICALS 
     10.19 SEKISUI VOLTEK
     10.20 PREGIS LLC
     10.21 NMC SA
     10.22 ZOTEFOAMS
     10.23 TORAY INDUSTRIES
     10.24 BRASKEM
     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 APPENDIX
     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.

Secondary Research

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.

Primary Research

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:

Polyolefin Foam Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

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: 

  • The key players in the market have been identified through extensive secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Polyolefin Foam Market Size: Top-Down Approach

Polyolefin Foam Market  Size, and Top-Down Approach

Data Triangulation

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.

Report Objectives

  • To define, describe, and forecast the polyolefin foam market size, in terms of value and volume
  • To provide detailed information regarding key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market growth
  • To forecast the market size based on resin type and application
  • To forecast the market size with respect to five regions namely North America, Europe, Asia Pacific (APAC), South America, and Middle East & Africa
  • To strategically analyze micromarket with respect to individual growth trends, prospect, and their contribution to overall market.
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders
  • To analyze competitive developments such as new product launches, investment & expansions, mergers & acquisitions, and partnerships & agreements
  • To strategically profile key players and comprehensively analyze their market shares and  core competencies1

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Regional Analysis

  • Further breakdown of the polyolefin foam market

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Polyolefin Foam Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Polyolefin Foam Market

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Report Code
CH 7893
Published ON
May, 2021
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