POLYMER FOAM MARKET FORECAST Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

POLYMER FOAM MARKET FORECAST Outlook: The global Polymer Foam Industry growth include rapid increase in construction activities owing to the Global Construction Industry is expected to grow at a faster pace than world GDP over the next decade. Additionally, as Asian economies continue to industrialize and the U.S. recovers from a sharp downturn during the global financial crisis, rising demand for cushioning in automobile industry, and increasing expenditure on research activities pave way for the industry growth. Moreover, the demand for Polymer Foam is predicted to witness a significant growth over the assessment period due to surging furniture industry. Rising crude oil production across the globe is anticipated to be an important driver for Polymer Foam industry as it bridges the demand gap for introductory Polymer Foam raw materials during the review period. Increasing automobile production and sales along with rising consumption of polymer foam based cushioning materials is estimated to fuel the growth of the industry. Furthermore, rapid urbanization coupled with increasing disposable income in the emerging economies is predicted to propel the growth of the industry, polymer foam based textiles for sports purposes industry during the assessment period, 2017 to Recently, researchers found that polyurethane foams are showing signs of biodegradation in the presence of fungus, which is expected to rise the industry growth of polymer foams. Polymer Foam Market : Outlook, Regional Analysis, Categorization, Top Global Players And Forecasts to 2023

POLYMER FOAM MARKET FORECAST The Global Polymer Foam Market Share by Application/ End User, (2016) (%): Source: MRFR Analysis

4 POLYMER FOAM MARKET FORECAST Regional Analysis: Geographically, Polymer Foam Industry is spanned across Five Regions in the world namely: Asia Pacific, North America, Europe, Latin America, Middle East & Africa. Asia Pacific Polymer Foam Industry is predicted to grow with the moderate CAGR due to developing crude oil processing and expanding petroleum refineries in India and China. Moreover, continuous growth of automotive sector in various economies of Asia Pacific such as China, India, Malaysia, Thailand, and Japan is expected to raise the demand for Polymer Foam based cushioning materials which in turn is predicted to fuel the demand for Polymer Foam over the forecast period, 2017 to The demand for Polymer Foam is predicted to surge in numerous countries of the Middle East & Africa such as Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait due to high adoption rate by the crude oil producers. Moreover, the presence of tremendous oil & gas reserves in this region is predicted to reduce the raw material demand gap for Polymer Foams and propel the growth of the Industry.

North American polymer foam industry is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. As of 2016, the U.S accounts for the largest industry share and is estimated to grow with the moderate CAGR on account of growth in furniture industry. In Europe, the demand for Polymer Foam is predicted to grow in various countries such as Italy, Germany, Spain, U.K, France, and Russia on account of increasing expenditure in innovation and growing purchasing power of consumers. Moreover, presence of major automobile manufacturers specifically in Germany is expected to give a momentum to the Industry growth. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness substantial decline in polymer foam industry owing to ongoing slow recovery from recession hit back in POLYMER FOAM MARKET FORECAST

POLYMER FOAM MARKET FORECAST Categorization: The Global Polymer Foam Industry is categorized on the basis of type, product type, end user industry, and region. On the basis of type, the industry is bifurcated into flexible and rigid. On the basis of product type, the industry is segmented into polyurethane (PU), polystyrene (PS), polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC) and others. On the basis of end user industry, the polymer foam industry is categorized into construction, transportation, furniture, packaging, textiles, and others. On the basis of region, the industry is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

POLYMER FOAM MARKET FORECAST Top Global Players: Some of the Top Global Players functioning in the Global Polymer Foam Industry are: BASF SE (Germany), TORAY INDUSTRIES, INC. (Japan), The Dow Chemical Company (U.S.), Recticel NV (Belgium), Rogers Corporation (U.S.), Arkema S.A. (France), Total S.A. (U.S.), SABIC (Saudi Arabia), Synthos S.A. (Poland), Zotefoams plc (U.K)

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