Foam is one the most common core material used in many industries due to their excellent physical properties and resistant to temperature difference and moisture resistance. Foam core materials are manufactured by using polyurethane, polystyrene, polyvinylchloride foams. The foam core material can be segmented on the basis of type of materials used as foam. Foams are available in various densities; ranging from less than 30/kg to more than 300/kg. Foams are also available in a variety of thickness; ranging 5mm to 50 mm. Foam thickness and densities varies according to type of industry and end product being manufactured. Therefore, the demand of foam varies according to end user industry demand.
Foam core material has huge demand in the industry due to their specific qualities. Each type of foam material has its own specialty. For instance, PVC foams are one of the common foam material used in various industries. They are closed-cell, good physical properties and are moisture resistant. PVC foams are better than the other foams of similar density. Furthermore, PVC foams are available in variety of densities from 3pcf to 25pcf. Additionally, PVC foams can be formulated in rigid or ductile version. Rigid PVC foams are referred to as cross-linked, and have higher heat and solvent resistance than ductile foams. They do not get brittle at cold temperature and can be used in cryogenic applications too. PVC foams are extensively used as core material in the marine, surface transport, wind energy industries and aerospace due to their constant density, high moisture resistance and excellent physical properties
Other popular type of foam core material used in the various industries is polystyrene foams, they are extensively used in sail and surf board manufacturing procedure. However, polystyrene foams cannot be used in conjunction with polyester resin system as polystyrene is easily dissolved by the styrene present in the resin. Polymethacrylimide foams at a given density offer some of the highest overall strengths and stiffnesses of foam cores. Styrene acrylonitrile (SAN) co-polymer foams are similar to cross-linked PVC foams. Recently, PVC foams are being replaced by styrene acrylonitrile in many applications due to better toughness and elongation properties than PVC foams. Polyurethane foams are used in composite constructions. End-grain balsa is widely used in core materials, it has relatively high compression strength due to migroscopic level it has a honetcomb type of structure.
Foam core material also has a prime application in aircraft industry. In aircraft industry, Foam core material is used due to the minimal weight. Building structures that are light weighted; delivers weight savings that improves aircraft efficiency without sacrificing structural strength. Thus, the demand of core materials material is rising and the demand is projected to remain consistently high. For instance, foam core application is also increasing in flight control surfaces, rotor blades, radomes and satellite containment fairings.
The increasing demand for new materials with higher strength to weight ratio has created a dramatic growth in sandwich composite technology. Recently, lightweight wood based foam core panels are manufacture by many companies to support the increasing demand of light weight composites. Expandable microspheres and expandable polystyrene are being used as core materials. The key companies involved in production varios foam core materials are Armacell Enterprise GmbH & Co. KG, The Dow Chemical Company, BASF, Ashland Incorporation and others.
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
- 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.