San Francisco, Nov 28 The
global structural
foam market is expected to reach USD 42.2 billion by 2025,
according to a new report by Grand View Research, Inc. The market is
expected to witness growth at 5.8%CAGR owing to Increasing infrastructure
spending, particularly on residential & commercial buildings, has been a
key factor driving the market growth. Moreover, the rising demand from material
handling, automobile, and electrical & electronics, is also likely to
contribute to the product demand over the forecast period.
Increasing
construction spending, particularly in emerging markets of Brazil, China,
India, Mexico, Russia, and South Africa is expected to drive injection molded
structural foam demand in these regions. Besides, positive outlook of the
global automotive and packaging industries coupled with versatile properties of
structural foams including better heat and pressure resistance increases their
application scope in various industries.
However,
volatility in prices of essential raw materials along with the growing
environmental issues concerning their disposal is anticipated to hamper the
market growth during the forecast period. On account of these concerns, many of
the industry participants are aiming to develop bio-based foams using the
injection molding technique.
Key
market players such as SABIC, One Plastic Group, and Covestro AG are among the
companies involved in the production and distribution of the products and have
established themselves as key market participants and have high integration
throughout the value chain.
Browse full research report on Structural Foam Market:
www.grandviewresearch.com/industry-analysis/structural-foam-market
Further key findings from the report suggest:
- The global
structural foam demand was 4,059.0 kilo tons in 2016 and is projected to
grow at a CAGR of 5.3% from 2017 to 2025
- Polyethylene
foam segment was the largest product segment in 2016 and is expected to
generate revenue over USD 15.62 billion by 2025
- Global
structural foam in automotive segment was valued at USD 6.81 billion in
2016 and is projected to witness a growth at a CAGR of 6.2% over the
forecast period
- The U.S.
structural foam market in building & construction was 518.8 kilo tons
in 2016 and is likely to reach an overall volume of 851.6 tons by 2025
- The market in
Asia Pacific is anticipated to witness considerable growth over the next
few years owing to various advances across key regions, especially in the
India and China. In terms of revenue, the regional market is likely to
grow at a CAGR of 6.4% from 2017 to 2025
- Key market
participants include Armacell International S.A., BASF, Diab International
AB, The Dow Chemical Company, SABIC, One Plastic Group, Covestro AG,
Evonik Industries and others.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand
View Research has segmented the global structural foam market on the basis of
product, application, and region:
Structural
Foam Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- Polyethylene
- Polypropylene
- Polystyrene
- Polyurethane
- Others
Structural
Foam Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- Material
Handling
- Building
& Construction
- Automotive
- Electrical
& Electronics
- Others
Structural
Foam Regional Outlook (Volume, Kio Tons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- Central &
South America
- Middle East
& Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-structural-foam-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
For more information:
www.grandviewresearch.com
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