LONDON--(BUSINESS WIRE)--The global polymer foam market size is expected to grow by USD 71.03 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period.
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The growth in the building and construction industry is one of the major factors propelling market growth. However, factors such as environmental hazards due to the manufacture and application of PU will hamper market growth.
The surge in building and construction activities around the world is one of the major factors driving market growth. The global construction industry has witnessed exponential growth during the last decade. During 2019, the growth of the polymer foam market was primarily driven by worldwide construction, improvement in living standards, and urbanization. The sustained increase in residential construction has been driven by investment in physical infrastructure, which has also led to occupation generation, an increase in production efficiency, reduction in the cost of conducting business, and an improvement in the standard of living. Moreover, the rapid development of megacities in both developed and emerging markets are reflecting changes in economic and demographic trends that will create enormous opportunities for new infrastructure development and increased spending on infrastructure projects. Such developments will, in turn, contribute to the growth of the polymer foam market in the coming years.
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Global Polymer Foam Market: Type Landscape
The growth of the construction and infrastructure industries and the exponential growth of the global automotive industry have positively affected the global PU foam market. Also, the rising population and the rise in the average disposable income is propelling the growth of this segment in the polymer market.
Global Polymer Foam Market: Geographic Landscape
APAC was the largest polymer foam market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as growing population, economic growth, and rising disposable incomes will significantly drive polymer foam market growth in this region over the forecast period. 41% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for polymer foam in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Companies Covered
- Arkema SA
- Armacell International SA
- BASF SE
- Dow Inc.
- Evonik Industries AG
- Huntsman Corp.
- LANXESS AG
- Rogers Corp.
- Toray Industries Inc.
-
Tosoh Corp.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Polymer Foam Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in polymer foam market growth during the next five years
- Estimation of the polymer foam market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the polymer foam market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of polymer foam market, vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Packaging - Market size and forecast 2019-2024
- Building and construction - Market size and forecast 2019-2024
- Furniture and bedding - Market size and forecast 2019-2024
- Transportation - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Type
- Market segments
- Comparison by Type
- PU - Market size and forecast 2019-2024
- PS - Market size and forecast 2019-2024
- PVC - Market size and forecast 2019-2024
- Phenolic - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Arkema SA
- Armacell International SA
- BASF SE
- Dow Inc.
- Evonik Industries AG
- Huntsman Corp.
- LANXESS AG
- Rogers Corp.
- Toray Industries Inc.
- Tosoh Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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