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Polymeric Foams - Global Market Trajectory & Analytics

  • ID: 338465
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Abriso-Jiffy NV
  • Boyd Corporation
  • Eurofoam GmbH
  • Kaneka corporation
  • Sealed Air Corporation
  • Synthos S.A.
  • MORE
Business Fundamentals Collapse in all key End-Use Sectors. Polymeric Foams Slumps to $85.1 Bn in 2020

The global market for Polymeric Foams is expected to witness erosion in market value by -15.8% to US$85.1 billion in the year 2020. Thereafter, the market is expected to recover and reach a revised size of US$121 billion trailing a CAGR of 5.2% over the analysis period 2020 to 2027.Polymer foams are widely used in end-use sectors such as building & construction, automotive, packaging, furniture & bedding, rail infrastructure, marine infrastructure and others. With the COVID-19 pandemic causing considerable decline in construction projects activity around the world, market for polymeric foams is being negatively impacted. Key end use markets for polymeric foams namely building & construction, automotive, electronics, packaging and furniture & bedding, among others, are a function of several macro-economic factors such as economic growth, consumer confidence, credit availability, fuel prices and investments. Automotive industry faces an uncertain future amid the global recession & estimated -3% erosion in global GDP growth. Pessimism surrounds aviation industry's return to pre-coronavirus growth despite reopening of economies. Surging unemployment rates, reduction in disposable incomes & low consumer confidence will induce short-term declines in revenues & margins of electronics manufacturers. Labor migration, capital constraints & disruptions in construction material supply chain continue to disruption operations in the construction industry. Global home furnishings market falls victim to plummeting consumer confidence and cut backs on discretionary spending. The scenario is creating an uncomfortable short-term business climate for Polymeric foams.

Polymeric foams refer to material manufactured through mixing of solid and gas phase, which leads to the formation of foam. The rapid combination of the two phases - solid and gas leads to the creation of foam, which possesses a polymer matrix with either air tunnels or air bubbles. Polymer foams can be manufactured using several methods such as slab-stock by pouring, molding, and extrusion. Polymeric foams can be formed with open cell structure or close cell structure. While open-cell foams are known to be flexible, closed cell foams exhibit rigid characteristics. The emergence of innovative technologies and applications, in the post covid-19 period, is expected to stimulate demand for polymer foams in various end-use industries. To tap the emerging opportunities, manufacturers are investing in R&D activities to develop foams with better adaptability to various applications. Growing emphasis on sustainability is also expected to drive up demand for green building materials such as eco-friendly polymeric foams. Sustained demand for polymer foams, especially in applications such as packaging and construction, is due primarily to the material's effectiveness, whereby there is little threat of the material being substituted with alternative products.

There are also niche opportunities for suppliers of polymer foams. For example, biodegradable polymer foam development, which is likely to witness, extended applications across many end-use industries. Growing demand for biodegradable foams is a major opportunity for polymer foam suppliers. Biodegradable foams are witnessing increased number of takers in countries across the world owing to environmental regulations governing various end-use industries becoming increasingly stringent. However, when compared to petroleum-based derivatives derived polymer foams, the biodegradable varieties types are expensive. Bio-based polyols are witnessing strong increase in demand from polymer foam manufacturers, which is another major market trend. With oil price volatilities leading to major reductions in foam industry profitability, players have since then focused on developing bio-based polyols. Bio-derived materials like soy-based polyols also feature better attributes compared to traditional polyols. They are more sustainable and less costly compared to conventional polyols. Bio-based polyols also display lesser sensitivity to hydrolysis and are more stable thermally, than traditional polyols.

Select Competitors (Total 161 Featured):
  • Abriso-Jiffy NV
  • Achilles Corporation
  • American Excelsior Company
  • Armacell International SA
  • BASF SE
  • Boyd Corporation
  • Carpenter Company
  • Covestro AG
  • Dow, Inc.
  • Eurofoam GmbH
  • Foampartner, Inc.
  • FXI
  • Huntsman International LLC
  • JSP Corporation
  • Kaneka corporation
  • Polymer Technologies, Inc.
  • Recticel
  • Rogers Corporation
  • SABIC
  • Sealed Air Corporation
  • Sekisui Alveo AG
  • SIMONA AMERICA Industries
  • Sonoco Products Company
  • Synthos S.A.
  • Tekni-Plex, Inc.
  • The Woodbridge Group®
  • Toray Industries, Inc
  • Trelleborg AB (Sweden)
  • Vita Cellular Foams (UK) Limited
  • Zotefoams PLC
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abriso-Jiffy NV
  • Boyd Corporation
  • Eurofoam GmbH
  • Kaneka corporation
  • Sealed Air Corporation
  • Synthos S.A.
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and a Looming Global Recession
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • With All Major End-Use Industries Collapsing Like a House of Cards, Polymeric Foams to Record Double Digit Decline in Global Revenues
  • Exhibit 2: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Exhibit 3: Global Home Bedding Market (In US$ Billion) for 2019, 2020 & 2021
  • Exhibit 4: Expected Losses in Global Aviation (In US$ Billion)
  • Exhibit 5: Global Consumer Electronics Industry (In US$ Billion) for 2019, 2020 & 2021
  • Exhibit 6: Reduction in Automotive Demand in 2020 (In Million Vehicles)
  • An Introduction to Polymeric Foams
  • Types of Polymeric Foams
  • Global Market Prospects & Outlook
  • Polyurethane Foams Represent A Key Segment
  • Building & Construction: The Leading End-Use Segment
  • Developing Markets to Spearhead Future Growth
  • Competition
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Polymer Foams in Building & Construction: Long-Term Growth Outlook Remains Promising
  • Exhibit 7: Global Insulation Market Size (in US$ Billion) for the Years 2019, 2022 & 2025
  • Exhibit 8: Global Insulation Market by Product Type (in %) for 2020E
  • Construction Industry: A Critical Indicator of Demand Trends in Polymeric Foams Market
  • Infrastructure Projects Also Vital for Growth of Polymeric Foams Market
  • Exhibit 9: Projected Infrastructure Investment Needed (in US$ Trillion) by Region Over the Period 2016-2040
  • Exhibit 10: Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
  • Pressing Need for Energy Efficiency Drives Demand for Insulating Technologies
  • Compliance with Greenhouse Gas Emission Targets: A Key Factor Influencing Growth
  • Need for Energy Efficient Buildings Supports Building Insulation Market
  • Exhibit 11: Global Building Thermal Insulation Market by Type (%): 2020E
  • Building Renovations to Boost Demand for Polymer Foam Insulation
  • Trend towards Green Buildings Augurs Well for Polymer Foams Market
  • Polymer Foams in Furniture Market: Residential & Commercial Construction Activity to Set Demand Trends
  • COVID-19 Outbreak Dents Prospects in Furniture Industry
  • Exhibit 12: Major Furniture Manufacturing Countries Worldwide: 2020E
  • Mattresses: A Key Market for Polymer Foams
  • Exhibit 13: Global Mattresses Market Size (in US$ Billion) for 2019, 2022 & 2025
  • Specialty Mattresses Market Presents Growth Opportunity for Polymer Foams Market
  • Latex Bedding Finds Preference over Air and Memory Foam Beds
  • Reticulated Foams for Better Airflow
  • Polymer Foams in Packaging Applications Gain Traction
  • Exhibit 14: Global Protective Packaging Market by End-Use (in %) for 2020E
  • Polymeric Foams in Seating: Potential for Growth
  • Safety & Comfort Critical Factors Influencing Automotive Foams Market
  • Exhibit 15: Global Automotive Foams Market by End-Use: 2020E
  • Exhibit 16: US Automotive Foams Market by Application (in %) for 2020E
  • COVID-19 Outbreak Disrupts Demand for Automotive Foams
  • Exhibit 17: Post COVID-19 Recovery in Automobile Production to Spur Growth in Automotive Foams Market: World Automobile Production in Million Units for 2008-2022
  • FoamPartner Supplies Innovative PU Foams for Rinspeed AG’s Concept Car, microSNAP
  • Specially Engineered Foams for EV Batteries Offer Several Benefits
  • Saint-Gobain Introduces NextGen PU Compression Pad Materials for EV Batteries
  • Aerospace: A High Potential End-Use Vertical
  • Eco-Friendly Alternatives Find Prominence
  • Blowing Agents: A Major Consideration for Polymer Foam Industry
  • Use of Polymer Foams in Drug Delivery Systems: An Emerging Area
  • Use Cases in Drug Delivery
  • A Review of Select Product Segments
  • Polyurethane Foam Dominates Polymeric Foam Market
  • Exhibit 18: Global Polyurethane Production Volume Breakdown (in %) by Product Category for 2020E
  • Exhibit 19: Global Polyurethane Foams Market by End-Use Application (2020)
  • Exhibit 20: World Rigid Foam Consumption by Raw Material Type (2020)
  • Exhibit 21: World Flexible Foam Market by Raw Material Type (2020)
  • China and Asia-Pacific Lead Consumption of PU Foams
  • Myriad Applications of Rigid & Flexible Foams Drive Market Adoption
  • Flexible PU Foam Renders High-Quality Cushioning
  • Key Benefits of Flexible PU Foam in Select Applications: A Snapshot
  • Rigid PU Foam Renders Top-Class Insulation
  • Exhibit 22: Global Polyurethane Foams Market Volume Sales (in %) by Type (2020)
  • Exhibit 23: Global Rigid PU Foams Market by Geographic Region (2020)
  • Exhibit 24: Global Rigid PU Foams Market by Type (2020)
  • Polyurethane Innovations and Advancements Foster Growth
  • PU Foams, Offering Lightweight & Durability Benefits, Gain Traction in Aerospace Sector
  • Spray Polyurethane Foam Market: Focus on Reducing Energy Usage in Buildings to Drive Market Growth
  • Exhibit 25: Global Spray PU Foam Market by Type (in %) for 2020E
  • Exhibit 26: Global Spray Polyurethane Foam (SPF) Production Volume Breakdown by Geographic Region (2020)
  • Closed Cell Spray Foam: The Widely Used SPF Variant
  • Open Cell Spray Foam: Ideal for Less Demanding Applications
  • Microcellular PU Foam: Demand for Lightweight Materials to Fuel Growth
  • Polystyrene Foam: Growth Driven by Use in Insulation Products
  • Exhibit 27: Global Polystyrene Foams Demand Breakdown by End-Use Sector (in %) for 2020
  • Polyolefin Foams: Opportunities in Sports Goods & Automotive Applications
  • Exhibit 28: Global Polyolefin Foams Market Breakdown by Demand (%) by Foam Type (2020)
  • Exhibit 29: Global Polyolefin Foams Market by End-Use Application (2020)
  • Polypropylene Foams Market: Overview
  • Exhibit 30: Global Polypropylene Foams Market by End-Use Application (2020)
  • Polyethylene Foams: Diverse Applications to Sustain Market Expansion
  • Exhibit 31: Global Polyethylene Foams Market by End-Use Application (2020)
  • Innovations Drive Growth in Polymeric Foams Market
  • Novel PU Recycling Technique Emerges
  • Search for Sustainable Chemicals for Application in Nanocomposite PU Foams on the Rise
  • Polyols (Plant Oil) Based PUFs Garner Attention
  • Biodegradable SMP Foams Hold Potential for Use as a Hemostatic Solution
  • Novel Spray Foam Insulation Offers Various Benefits
  • Carbon Nanotube Foams and Nanocellular Polymer Hold Immense Potential
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Immediate Market Prospects Remain Sluggish for the US Polymeric Foam Market
  • Market Opportunities to Re-Emerge in Post COVID-19 Environment
  • Construction Sector: Prominent Consumer of Polymer Foams
  • Exhibit 32: Key Indicators for US Residential Construction Market
  • Furniture & Bedding: A Major Market for Polymer Foams
  • Stringent Regulatory Standards Favor Adoption of Polymeric Foams in Automotive Industry
  • Implementation of CAFE Standard in the Automotive Sector
  • Polymer Foams in Protective Packaging Market
  • Exhibit 33: US Protective Packaging Market (2020): Percentage Share Breakdown of Value Sales by Type of Packaging
  • Energy Conserving Attribute of Foamed Plastics to Widen Market Prospects
  • Exhibit 34: Energy Usage in the US: Breakdown of Energy Consumption (in %) by Sector for 2020
  • Specialty Foams Seek Opportunities in Industrial & Electronics Markets
  • Polyurethane Foam: Major Product Segment
  • Exhibit 35: US Polyurethane Foam Market by Type (2020)
  • Exhibit 36: US Spray Polyurethane Foam (SPF) Demand by Application (in %) for 2020E
  • Furniture & Bedding Dominates PU Consumption
  • Exhibit 37: US Furniture Market: Percentage Breakdown of Value Sales by Sector for 2020E
  • Growing Preference for Energy-Efficient Household Appliances Benefits PU Foam Demand
  • Polystyrene Foam Market: An Overview
  • Exhibit 38: US Polystyrene Foams Market by Processing Method (2020): Percentage Breakdown of Volume Sales for Expanded and Extruded (Sheet and Boardstock)
  • Exhibit 39: US Polystyrene Foams Market by End-Use Sector (2020)
  • Rising Prominence of Polystyrene Foam Block Walls
  • Restrictions on PS Foam Use in Food Packaging to Impact Market Growth
  • Polyolefins: Market Overview
  • Competition
  • Exhibit 40: Leading Players in the US Plastic Foams Market: Percentage Breakdown of Value Sales by Company for 2019
  • Foam Blowing Agents: An Overview
  • Regulatory Status
  • CANADA
  • Foamed Plastics Market: Housing Sector Recovery to Drive Growth in Future
  • Exhibit 41: Housing Starts in Canada (in Units) for Years 2014 through 2019
  • Regulatory Scenario
  • JAPAN
  • Need for Home Remodeling to Sustain Market Growth
  • CHINA
  • Despite COVID-19 Scare, China to Remain the Most Important Market
  • Polyurethane Foam: Largest Product Segment
  • Polyurethane Demand Influenced by Economic Trends
  • PU Foams to Gain Traction in Insulation Applications
  • Energy Conservation Initiatives in Construction Sector: An Important Demand Driver
  • Insulation Market: Key End-Use Application for Polymer Foams
  • Insulation Landscape in China
  • Protective Packaging: Opportunities for Polymer Foams
  • Exhibit 42: Chinese Protective Packaging Market Breakdown of Value Sales by Type (2020)
  • EUROPE
  • Market Overview
  • EPS Foam Market in Europe: An Insight
  • Exhibit 43: European Expanded Polystyrene (EPS) Market by Application (2020)
  • PU Foams: A Market Set to Benefit from Stringent Regulatory Specifications
  • Insulation and Building Needs Drive Demand for Polyurethane
  • The Energy Performance in Buildings (EPBD) Directive
  • Europe’s 2020 Program
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • Use of Polymers in Heat Insulation Applications Grows Significantly
  • Polystyrene Foam: Gaining Preference as Insulation Material in Buildings
  • Polyurethane Foam Market: An Overview
  • Polymeric Foams Find Use in Window Applications
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Market Overview
  • Construction Activity in Asia-Pacific Holds Promise
  • AUSTRALIA
  • INDIA
  • Polyurethane Foams: A Potential Laden Market
  • Exhibit 44: Indian PU Foam Production Breakdown by Type: 2020
  • Flexible PU Foam Market: Set for Robust Growth
  • Exhibit 45: Flexible Slabstock PU Foam Market by End Use in India (2019)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 161
Note: Product cover images may vary from those shown
  • Abriso-Jiffy NV
  • Achilles Corporation
  • American Excelsior Company
  • Armacell International SA
  • BASF SE
  • Boyd Corporation
  • Carpenter Company
  • Covestro AG
  • Dow, Inc.
  • Eurofoam GmbH
  • Foampartner, Inc.
  • FXI
  • Huntsman International LLC
  • JSP Corporation
  • Kaneka corporation
  • Polymer Technologies, Inc.
  • Recticel
  • Rogers Corporation
  • SABIC
  • Sealed Air Corporation
  • Sekisui Alveo AG
  • SIMONA AMERICA Industries
  • Sonoco Products Company
  • Synthos S.A.
  • Tekni-Plex, Inc.
  • The Woodbridge Group®
  • Toray Industries, Inc
  • Trelleborg AB (Sweden)
  • Vita Cellular Foams (UK) Limited
  • Zotefoams PLC
Note: Product cover images may vary from those shown
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