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(EstateNewsWire.com, August 07, 2023 ) The report "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" The global polyolefin foam market size will grow to USD 10.5 billion by 2026 from USD 8.1 billion in 2021, at a CAGR of 5.2% during the 2021-2026 period. The use of polyolefin foam in Protective Packaging, Automotive, Building & Construction, Footwear, Sports & Recreational, Medical, and others is expected to increase in APAC in the next five years.
The Polyolefin Foam industry is experiencing strong demand due to its versatile applications in various sectors. The lightweight, durable, and cost-effective nature of Polyolefin Foam makes it popular in packaging, automotive, construction, and other industries. Moreover, its excellent thermal insulation and sound-absorption properties have contributed to increased adoption in the construction and HVAC industries. As industries continue to prioritize energy efficiency and sustainable solutions, the demand for Polyolefin Foam is expected to grow further in the coming years.
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Polyolefin foam industry is driven by versatility, lightweight, thermal insulation & sound absorption properties. It faces competition & environmental concerns but remains a sustainable and cost-effective solution with growth potential.
Browse in-depth TOC on "Polyolefin Foam Market”
210 - Market Data Tables
65 - Figures
218 - Pages
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Polyethylene is projected to be the largest resin type of the polyolefin foam market.
Epoxy is the largest resin type in polyolefin foam market in terms of volume. Polyethylene (PE) is the most commonly used type of plastic and is made up of ethylene monomers linked together. When the monomers are polymerized, they are bonded together, creating a stable thermoplastic. Polyethylene foams offer lightweight, durable, closed-cell characteristics that are useful for packaging fragile electronics and providing comfort and support for sporting goods. They combine excellent insulation and vibration dampening properties with high resistance to chemicals and moisture.
APAC is the largest polyolefin foam market globally.
APAC is projected to lead the polyolefin foam market and this dominance is expected to continue till 2026. China is the key market in the region. The region is seen as a lucrative market for the growth of polyolefin foam. Increasing foreign investments increases the overall demand for polyolefin foam. Apart from major countries such as China, India, Japan, and South Korea, countries like Taiwan and Thailand are gathering attention and are growing at a brisk pace.
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The key players profiled in the polyolefin foam market report are BASF SE(Germany), JSP Corporation(Japan), Kaneka Corporation(Japan), Hanwha Total.
JSP Corporation is one of the leading manufacturers of plastic products based on foaming technology, which includes expanded polyethylene sheets, expanded polypropylene beads, and other proprietary products using extrusion foam and bead foam technologies. The company operates in three business segments: extrusion business, bead business, and others. Its products are used in the automotive, construction, civil engineering, packaging, and food packaging industries. The company has 10 subsidiaries in Japan, 28 subsidiaries in other countries, and 6 affiliates. It has a moderate coverage in North America and South America but has a weak presence in Europe and the Middle East & Africa. JSP Corporation offers EPP products under its bead business segments. These products are marketed under two leading brands, ARPRO, FOAMCORE, and STYRODIA. They are used in automotive, packaging, HVAC, consumer electronics, food packaging, construction, and civil engineering material applications.
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