Polymer Foam Market

Sealed Air (U.S.) and Armacell (Germany) are the Most Important Players of the Polymer Foam Market

The increase in demand for polymer foam in the end-use industries such as automotive, building & construction, furniture & bedding, packaging, footwear, sports & recreational, and others is driving the polymer foam market. This factor has encouraged many companies to adopt various development strategies in the polymer foam industry. Investments & expansions were the major strategies adopted by the industry players to increase their foothold and maintain a sustained growth in the market between 2016 and 2017. This strategy accounted for the largest share of all the strategies adopted by the market players. Some of the leading polymer foam manufacturers, such as Sealed Air (U.S.), Arkema (France), Armacell (Germany), BASF (Germany), Borealis (Austria), Total (France), JSP (Japan), Kaneka (Japan), Recticel (Belgium), Rogers (U.S.), Sekisui Alveo (Switzerland), Synthos (Poland), Woodbridge (Canada), and Zotefoams (U.K.) are adopting these strategies to develop their businesses, globally.

Besides investments & expansions, the companies have adopted new product launches, and mergers & acquisitions, and partnerships as the key strategies to expand their market share and distribution network. These strategies accounted for a significant share of the overall growth strategies adopted by the players in the polymer foam market between 2016 and 2017.

Sealed Air (U.S.) and Armacell (Germany) are the most important players of the polymer foam market. In the past two years, these companies have adopted mergers & acquisitions as their growth strategies.

In September 2017, Sealed Air (U.S.) announced to acquire Fagerdala Singapore Pte Ltd., a manufacturer and fabricator of polyethylene foam to cater to the demand for polyethylene foam. In August 2017, the company also announced to acquire Deltaplam Embalagens Indústria e Comércio Ltda (Deltaplam, Brazil), a family owned and operated Brazilian flexible packaging manufacturer to help their customers primarily in Brazil.

In January 2017, Armacell acquired the Insulation Business of Nomaco, a leading manufacturer of extruded polyethylene insulation foam products. In October 2016, the company also acquired PoliPex (Brazil), which is a leading Brazilian manufacturer of extruded polyethylene insulation foam. This will help in catering the demand from the Brazilian polymer foam market.

Related Reports:

Polymer Foam Market by Type (PU, PS, PO, PVC, Phenolic, Melamine), End-Use Industry (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports & Recreational), and Region - Global Forecast to 2022

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Report Code
CH 1465
Published ON
Nov, 2017
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