Title: Structural Foam Market trends research and projections for 2019 - 2025
1Structural Foam Market to accrue commendable
proceeds over 2019-2025
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2 Global Market Scenario of Structural Foam
Industry
- Construction, automotive, packaging, and
electronics are some of the end-users of this
product. Automotive sector is a significant
end-user in the structural foam market as it uses
the product for various applications including
acoustic insulation, vehicle interiors, etc. - Increasing demand for light weight vehicles to
improve fuel efficiency would also augment the
demand for structural foams in the coming years.
The electronics segment is expected to increase
at a significant rate due to its usage as
substrates in various end-products. - The structural foam market has been segregated
based on material, application, and region.
Various materials used for manufacturing
structural foams are polypropylene (PP),
polyurethane (PU), polystyrene (PS), polyethylene
(PE), and others which include polyvinyl chloride
(PVC), acrylonitrile-butadiene-styrene (ABS),
etc. - PE occupies a significant share in the structural
foam market due to its unique thermal and
mechanical properties. PP foams are increasingly
used in various applications due to its light
weight and versatility.
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3- Regional Trends-
- Asia Pacific market is estimated to grow at a
significant rate in the coming years. This
progress is attributed towards the rising
developments in the regional construction
industry. Rising urbanization, growing population
and government regulations promoting smart city
development are certain factors which would drive
the construction industry. - Moreover, improving living standards of the
consumers in the developing nations such as
China, India, and Japan would likely escalate the
demand for electronic products. Escalating demand
for light weight vehicles is another factor which
could drive the growth in this industry,
especially in the developed nations like US,
Canada, Germany and others.
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5- Competitive Trends
- Some of the key market participants of structural
foam market, which include SABIC, Armacell
International S.A., The Dow Chemical Company,
Evonik Industries, One Plastic Group, PSI Molded
Plastics, Diab International AB and Polycel
Structural Foam, Inc.
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6Latest Research Report On Structural Foam
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