Polymer foam market
Polymer foam is mainly developed from chemical resins such as polyurethane, polystyrene, phenolic and polyvinyl chloride. It possesses useful chemical properties such as flexibility, low density, and heat transfer capacity. It is extensively used in industries such as; food and beverages, packaging, construction, furniture and amongst others.
The global polymer foam market is primarily driven by heavy demand from the automotive industry across the globe. It has multitude uses in the automotive industry for components such as headlights, cables, gaskets and cushioning.
Stringent environmental rules and regulations imposed by governments are likely to drive demand for polymer foam in future years and demand from building and construction is likely to open new doors for major manufacturers. However, the volatile prices of feedstock are likely to hold growth back,
The global polymer foam market was valued at USD 101.50 billion in 2015 and is expected to reach USD 161.0 billion in 2021, growing at a CAGR of 8.0%.
Based on the types of foam, the global polymer foam market is segmented into; polystyrene foam, phenolic foam, melamine foam, PVC foam, polyurethane foam and polyolefin foam and others.
Polyurethane foam was leading segment in 2015 and is also predicted to maintain its dominance in coming years. It is manufactured in two distinct forms; flexible and rigid. Whereas, rigid polyurethane foam is employed for thermal insulation, flexible polyurethane foam is used for cushioning.
Polyolefin foam is expected to experience the good growth in the near future due to mounting demand from building and construction industry.
In terms of applications, the market is categorised into; building & construction, packaging, automotive, furniture & bedding, and other applications. Building and construction were the largest application segment in 2015, accounting for more than 30.0% of total volume, and it is predicted to continue this trend in coming years. Packaging was the second largest application. Automotive and furniture & bedding are projected to have significant growth within the forecast period.
In terms of regions, Asia Pacific held a dominant position in the market in 2015 and is expected to remain dominant during the years to come owing to the rising demand from the construction industry. Countries such as China, India, Malaysia and Indonesia are expected to contribute towards the strong demand for polymer foam due to emerging automotive and construction industries. Europe was the second largest market in 2015. North America and Latin America will witness exponential growth in near future.
Some of the key players of global polymer foam include BASF, SE, the DOW Chemical Company, Armacell International S.A., Stepan Company, JSP Corp, INEOS Group, Adeplast S.A., Woodbridge Foam Partner and amongst others.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
- Aerogel insulation for buildings.
- Cavity wall insulation
- Celotex RS5000 PIR insulation.
- Designing out unintended consequences when applying solid wall insulation FB 79.
- Insulation.
- Insulation for ground floors.
- Phase change materials.
- Polyurethane spray foam in structurally insulated panels and composite structures.
- Solid wall insulation.
- Sound insulation.
- Transparent insulation.
- Types of insulation.
Featured articles and news
Registered building inspectors
Building types and conflicts of interest updates explaineed.
Engineering services still struggle with labour shortages
According to latest quarterly services survey of the sector.
Infrastructure that connect the physical and digital domains.
Harnessing robotics and AI in challenging environments
The key to nuclear decommissioning and fusion engineering.
BSRIA announces Lisa Ashworth as new CEO
Tasked with furthering BSRIA’s impressive growth ambitions.
Public buildings get half a million energy efficiency boost
£557 million to switch to cleaner heating and save on energy.
CIOB launches pre-election manifesto
Outlining potential future policies for the next government.
Grenfell Tower Inquiry announcement
Phase 2 hearings come to a close and the final report due in September.
Progress from Parts L, F and O: A whitepaper, one year on.
A replicated study to understand the opinion of practitioners.
ECA announces new president 2024
Electrical engineer and business leader Stuart Smith.
A distinct type of countryside that should be celebrated.
Should Part O be extended to existing buildings?
EAC brands heatwave adaptation a missed opportunity.
Definition of Statutory in workplace and facilities management
Established by IWFM, BESA, CIBSE and BSRIA.
Tackling the transition from traditional heating systems
59% lack the necessary information and confidence to switch.
The general election and the construction industry
As PM, Rishi Sunak announces July 4 date for an election.
Eco apprenticeships continue help grow green workforce
A year after being recognised at the King's coronation.