Foam Plastics Market: Introduction

  • Foam plastics, also called cellular polymers, or expanded plastics, can be made from almost any type of polymer. Foam plastic is a synthetic resin converted into a sponge-like mass with a closed-cell or open-cell structure, either of which may be flexible or rigid. Foams with a closed-cell structure are produced by incorporating a blowing agent that decomposes at the fusion point of the plastic, releasing gas bubbles that are trapped during the gelling. Foams with an open-cell structure are produced by incorporating an inert gas into the resin under pressure and subsequently, releasing the mixture to the atmosphere and curing the resulting foam.
  • Almost any thermosetting or thermoplastic resin can be converted into a foam under appropriate conditions. A majority of all produced foam plastics are based on polyurethane (PU), polystyrene (PS), polyolefin, phenolic, polyvinylchloride (PVC), polyethylene (PE) and a number of elastomers such as ABS, natural rubber, and silicone. The type of polymer determines whether the resulting foam would be hard and rigid or soft and flexible.
  • Polyurethane foams are the largest class of foam plastics, accounting for a significant share of the total usage of plastic foam, globally. The properties of urethane foam can be tailored over a wide range, for a large number of applications. Polyurethane foam plastic is the dominant resin used for insulation in the building & construction industry. It has a low heat conduction coefficient, low density, low water absorption, and relatively good mechanical strength and insulating properties, which are helpful in the building & construction sector.
  • Foam plastics are the new emerging type of plastics possessing properties of heat preservation, lightweight, sound absorption, and quakeproof. This type of material can be used in cold storage and wall insulation, and to make the sandwich board.

To gauge the scope of customization in our reports, Ask for a Sample

Key Drivers and Restraints of Global Foam Plastics Market

  • Foam plastics are extensively utilized for various applications in the building & construction sector including forging, doors, roof board, and slabs. Furthermore, a rise in new infrastructure development and huge investments in new housing projects, and renovation of non-residential buildings in developed and developing economies, such as China, India, and ASEAN countries, are expected to drive the global foam plastics market during the forecast period.
  • Foam plastics offers some outstanding benefits such as it is a low-cost material that provides low heat conduction coefficient, low density, low water absorption, relatively good mechanical strength, and good insulating properties. Therefore, this material has high demand from building & construction and automotive sectors. These factors are anticipated to drive the global foam plastics market in the near future.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Foam Plastics: Type Segment

  • Base on type, the global foam plastics market can be segmented into, polyurethane, polystyrene, polyolefin, phenolic, and others (melamine, PVC, silicone, rubber, and polyvinylidene fluoride (PVDF).
  • The polyurethane resin segment is estimated to hold a significant share of the global market during the forecast period, owing to the benefits offered by polyurethane such as low heat conduction coefficient, low density, low water absorption, relatively good mechanical strength, and good insulating properties.

Asia Pacific to be Key Region of Global Foam Plastics Market

  • In terms of region, the global foam plastics market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific and North America are expected to be key regions of the global foam plastics materials by 2027.

  • Asia Pacific has been witnessing a high rate of urbanization, growth in infrastructure, and increase in population. Demand for foam plastics materials has been high in developing countries of Asia Pacific, including India and China, due to a rise in the number of construction and infrastructure development projects undertaken by governments, increase in urbanization, and improvement in the standard of living of the people in the region.
  • The U.S. dominated the market in North America owing to a rapidly growing rate of residential construction. According to the U.S. Census Bureau, in 2018, residential construction increased by about 2.5 % from the previous year. This factor is expected to boost the foam plastics market in the region.

Key Manufacturers Operating in Global Foam Plastics Market

The global foam plastics market was highly fragmented in 2019. Major players have a prominent presence in developing countries. Key manufacturers operating in the global foam plastics market include:

  • BASF SE
  • Covestro
  • Huntsman International LLC
  • Dow
  • Wanhua Chemical Group Co., Ltd.
  • Hexion Inc.
  • MCNS
  • Sabic
  • Shell International B.V.
  • Total S.A.
  • Alchemie Ltd.
  • Cangzhou Dahua Group Co. Ltd.
  • China Petrochemical Corporation (Sinopec Group)
  • Kumho Mitsui Chemicals Corp.
  • Kuwait Polyurethane Industries W.L.L.

Global Foam Plastics Market: Research Scope

Global Foam Plastics Market, by Type

  • Polyurethane
  • Polystyrene
  • Polyolefin
  • Phenolic
  • Others (melamine, PVC, silicone, rubber, and polyvinylidene fluoride (PVDF))

Global Foam Plastics Market, by Application

  • Building & Construction
  • Packaging
  • Automotive
  • Furniture & Bedding
  • Footwear, Sports & Recreational
  • Others (aerospace, marine, refrigeration, medical, and wind energy)

 Global Foam Plastics Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Foam Plastics Market