Polyolefin Foam Market Share | Growth Rate | Development Trends up to 2022 Forecast

on

Global Polyolefin Foam Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. A polyolefin is a class of polymers produced from a simple olefin also termed as alkene through polymerization. Polyolefin foam contains an organic blowing agent and a cross-linking agent. This foam is versatile, lightweight, and eco-friendly. It is exclusively used in the interior casing of airplane and auto parts, food industry, building and construction, and furniture & bedding.


Polyolefin Foam Market is segmented based on product types, applications, and region. Product types such as Ethyl Vinyl Acetate (EVA) Foam, Polypropylene (PP) Foam, Polyethylene (PE) Foam, and others classify the market. Applications into Building and Construction, Automotive, IT Rerated, Medical, and others classify Polyolefin Foam Industry. Polyolefin Foam Market is segmented geographically Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Globally, North America accounts for the largest market share of Polyolefin Foam Market and is estimated to lead the overall market in the upcoming years. The reason being, rising demand for applications like automotive, furniture & bedding, and packaging. The United States is the major consumer of Polyolefin Foam Market in this region. Europe and Asia Pacific follow suit. Europe accounts for the second largest overall market share of the industry. On the other hand, Asia Pacific is estimated to grow at fastest pace in the upcoming years. The emerging countries like China and India are the major consumer of market in this region. The reason being, improving the standard of living and increment in per capita income.
The key players of Polyolefin Foam Industry are:
·         BASF,
·         Toray Plastics,
·         Zotefoams,
·         SEKISUI CHEMICAL,
·         Carefoam,
·         Primacel,
·         O.K. Company S.A,
·         Trocellen,
·         Armacell
These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.   

Comments

Post a Comment