This report is a fair prototype of the Structural Foam-industry containing an in-depth study of the global Structural Foam market. This report serves as a valuable source of data and information related to this industry. It covers various industry aspects with a particular focus on market scope and application areas. The report identifies the fundamental business strategies adopted by industry experts and offers an insightful study on the value chains and distribution channels of the global market. The report authors have also analyzed current industry trends, growth potential, current overview, and market limitations.
The polypropylene segment revenue is expected to increase at a steady rate over the forecast period due to the rising demand for this foam in extrusion machines and conventional injection molding owing to its capability to Increase rigidity for a given weight of material. This foam is widely used in trays, cups for hot and cold drinks. decorative film and tape folding boxes, tape yarns for carpet backing, and pallets.
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Competitive Landscape:
- Armacell International S.A.
- Evonik Industries AG
- Covestro AG
- One Plastic Group
- PSI Molded Plastics
- The Dow Chemical Company
- Diab International AB
- Gurit Holding AG
- Saudi Basic Industries Corporation (SABIC)
- GI Plastek Corp.
Furthermore, the report supplies an in-depth understanding and insight into the leading manufacturers and players with a brief overview of their business. This section deals with the latest business moves, product launches, strategic collaborations, technological advancements, and profitable business ventures. The report also includes revenue estimations and CAGR of the Structural Foam market in the coming years.
The global Structural Foam market report includes a comprehensive analysis of the top players of the market and their market scope through advanced analytical tools. Tools such as Porter’s Five Forces Analysis, SWOT analysis, feasibility analysis, and investment return analysis are used to analyze their growth patterns and market scope for the forecast period of 2020-2027.
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Structural Foam Market Segmentation:
The report further explores the segmentation of the market based on types, applications, and regions.
Structural Foam market segmentation by type includes Polyethylene,Polystyrene,Polypropylene,Polyurethane, and others.
Structural Foam market segmentation by application includes Material Handling,Automotive,Building & Construction,Electrical & Electronics
Regional Analysis:
According to the regional analysis, the market is segmented into the key geographical regions, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further provides insight into the regions dominating the market and is expected to lead the market in the coming years. The report also discusses the growth rate and market size of each major region for the forecast period. It also covers production and consumption patterns, supply and demand dynamics, current and emerging trends, import/export, and the presence of key players in each region.
In-depth Regional Analysis Covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The comprehensive report addresses the following questions:
Which region is expected to dominate the market over the coming years?
Which application or end-user segment is anticipated to show significant growth over the projected timeline?
What is the impact of the COVID-19 pandemic on the overall market growth?
What are the macro- and micro-economic factors influencing the growth of the market?
What are the recent R&D and technological advancements in the Structural Foam market?
Some Key Highlights from the Report:
- The market in Asia Pacific is expected to register a significantly fast revenue growth rate during the forecast period, due to the growing adoption of structural foam in the construction and automotive industry, especially in China and India. According to the National Bureau of Statistics, the value of construction output accounted for 25.7% of China’s GDP in 2021, up from 11.0% in 2020, which is expected to boost demand for structural foam in the region.
- Some major companies in the global market report include Armacell International S.A., Evonik Industries AG, Covestro AG, One Plastic Group, PSI Molded Plastics, The Dow Chemical Company, Diab International AB, Gurit Holding AG, Saudi Basic Industries Corporation (SABIC), and GI Plastek Corp.
- On 16 March 2022, Armacell, which is a Luxembourg-based manufacturer of industrial foams, introduced a novel, low-density structural insulating foam made entirely of recycled PET, with lower life-cycle costs and a lower carbon footprint. The new Environmental Product Declaration (EPD) certified products from the company for load-bearing applications such as under-slab insulation as well as structural insulation of building envelopes, floors, and roofs, both in the construction of new buildings and the renovation of existing ones.
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