Polymer foams are combinations of solid & gas phase together produced by the spreading of gas in a polymer matrix. The resulting foam has polymer matrix either in air tunnels or air bubbles form, which is generally known as open-cell or closed-cell structure. Closed-cell polymer foam is more inflexible in nature as compared to open-cell polymer. Polymer foam is classified as thermoplastics & thermosets. Thermoplastics are flexible in nature & can frequently be broken down or can be recycled but thermosets are inflexible or rigid in nature and difficult to recycle them as they are cross linked. Its production with different density range can be accomplished by various ways like slab-stock by pouring, extrusion, and different forms of molding. These foams are very versatile, mildew resistant, light in weight, dermatologically-friendly and highly durable, that makes them recommendable & safe for customer applications. Some of the other essential properties to polymer foams include superior acoustic absorption, thermal insulators, strength-to-weight ratio, cost-effectiveness, low density, and flexibility.
According to study, “Polymer foam Market By Type (Polyurethane, Polystyrene, PVC, Phenolic, Polyolefin, Melamine and Others) By End Users (Building & Construction, Packaging, Automotive, Furniture and Bedding and others) and By Geography – Global Driver, Restraints, Opportunities, Trends, and Forecast to 2023” some of the major companies that are currently working in the polymer foam market are LANXESS, BASF SE, Huntsman, DowDuPont, SABIC, FIAT, VINCI, Recticel Group, Trecolan GmbH, Toray Industries Inc., Polymer Technologies Inc., LANXESS, Koepp Schaum GmbH, Woodbridge Foam Corporation, Rogers Corporation, UFP Technologies, Volkswagen Group, Sika AG, Armacell International S.A., Kaneka Corp., Arkema, Borealis AG, Thermotech, Borealis AG, Total, Simona America Inc., Sealed Air Corporation, Ineos Styrenics International Sa, JSP Corporation, ACH Foam Technologies Inc., Sekisui Alveo AG, Par Group Ltd., Synthos S.A., Foam Partner Group, Zotefoams PLC, Dyplast Products, Ineos Styrenics International Sa.
Based on type, polymer foam market is segmented into rigid polymer foam and flexible polymer foam. Rigid polymer foams are mainly used as an insulation substance in construction & refrigeration applications. Based on structure, market is defined as open cell foams and closed cell foams. Based on resin type, market is segmented into poly vinyl chloride (PVC) foam, melamine foam, polyurethane (PU) foam, phenolic foam, polystyrene (PS) foam, polyolefin foam and others (PVDF & silicone). PS includes Extruded Polystyrene Foam (XPS) and Expandable Polystyrene Foam (EPS). Polyolefin foam includes Polypropylene Foam (PP), Polyethyelne Foam (PE) and EVA Foam. Moreover, based on end-user, market is segmented into electronics, packaging, automotive, furniture & bedding, building & construction and others (medical, wind energy, refrigerator, aviation & aerospace and marine).
The global polymer foam market is primarily driven by high demand of polymer foam over the Asia-Pacific region. Some of the other driving aspects include energy sustainability & energy conservation and automotive, rapid urbanization, increase in wind turbine installations, increase in rail infrastructure, increasing disposable income, packaging & furniture or bedding applications etc. Apart from the key benefits the major restraint impacting the market include volatility of raw material prices, followed by stringent regulatory approvals requires for production and high pricing pressure. In addition, the other key opportunities associated include growing demand for carbon dioxide based polyols & bio based polyols impacted to support the growth in demand over the forecast period.
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