The global engineered foams market to grow at a CAGR of 7.86% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global engineered foams market for 2017-2021. To calculate the market size, the report considers sales of engineered foams in various types for applications such as aerospace and defense, transportation and other applications. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in the market is increasing demand from developing economies. The global engineered foam market is witnessing high growth in emerging economies, such as Brazil, China, Russia, Turkey, Indonesia, South Korea, Mexico, and India.
Many OEMs, such as automotive manufacturers, are shifting their manufacturing operations to these countries due to factors such as the availability of land, cheap labor, low transportation costs, and lenient government norms. In 2016, China was the largest consumer of polystyrene foam. The engineered foam market in India is also growing significantly due to the increasing use as insulating material in refrigerators and in the construction industry.
One trend in the market is advent of green foams. Improved sustainability and environmental characteristics are propelling the use of green polyurethane foams. This includes the use of raw materials with minimal environmental impact. For instance, polyurethane engineered foams are increasingly being manufactured using bio-based polyols. Some foams are also manufactured using blowing agents that have low global warming potential (GWP).
- Efforts to make polyolefin engineered foams competitive with polyurethane engineered foams
- Advent of green foams
- Increased use of spray foams for coating applications
- Huntsman International
Other prominent vendors
- The Dow Chemical Company
- SEKISUI CHEMICAL
- INOAC CORPORATION
- Woodbridge Foam Corporation
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/ktw7mj/global_engineered