Engineered foam is used in various applications such as insulation materials, packaging, wind energy, and cushioning of furniture. In engineered foam, solid and gas phases are combined at fast rate to give a resulting mixture that has a polymer matrix with bubbles or air channels incorporated in it. The gas, which is mixed with the foam, is called the blowing agent. It can be either chemical or physical. Physical blowing agents are those gases that do not take place in the chemical reaction and are inert to the polymer forming the matrix. Chemical blowing agents are those that take part in a reaction, giving off chemicals in the process. In all the foam structures, the pore size is not uniform with some amount of closed cells. The amount of pores present in the foam affects the properties of the foam. The presence of high quantity of smaller pores makes the foam an insulator. Open cell structure has the capability of compression and better sound absorption. Various techniques are used to manufacture engineered foams. These include initiation of a chemical reaction that generates the gas phase; usage of a chemical blowing agent, which takes part in the chemical reaction and forms the gas phase; and introduction of the physical blowing agent at high temperature.

The global market for engineered foam can be segmented based on the type of polymer used into polyurethane (PUR), polystyrene (PS), polyethylene (PE), and polypropylene (PP). Polyurethane is synthesized by the reaction between polyols and polyisocynates. Rigid PUR foam is employed in various applications in refrigerators, insulated buildings, water heaters, and thermosets. Flexible PUR is used in cushioning in furniture, packaging, and transportation. Flexible PUR is also employed in cars for sound insulation and vibration dampening. Polystyrene foam is extensively used for making white polystyrene cups, which are ideal for serving hot beverages, due to heat insulating properties of foam. The engineered foam market can also be segregated based on structure into rigid and flexible structure. Rigid engineered foams are used for structural applications, while flexible engineered foams are used for packaging and cushioning applications. The engineered foam market can also divided in terms of end-user application into automotive, wind turbines, packaging, manufacturing, and construction industries.

In terms of region, the engineered foam market can be segregated into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The global engineered foam market is anticipated to expand significantly during the forecast period. Asia Pacific is expected to dominate the market for engineered foam due to significant growth of the automotive industry in emerging economies such as China and India. Rise in demand for lightweight structures in the building & construction industry is anticipated to boost the market for engineered foam in the region. The engineered foam market in North America and Europe is also estimated to expand, led by the presence of large number of automobile manufactures in these regions.

Key players operating in the engineered foam market are BASF SE, The DOW Chemical Company, Skisui Chemical Company Co. Ltd., Bayer AG, Armacell, Jiffy Packaging Company Limited, American Foam Products, Rempec Foam Corporation, Heubach Corporation, and G&T Industries Inc.

Armacell, a leading provider of engineered foams, operates in Europe, North America, Asia, and Middle East. It offers a wide product portfolio, which includes polystyrene foam, polyurethane foam, and polyethylene foam. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Engineered Foam Market

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