Engineered Foam Market Material Type (Polyvinyl Chloride, Polyolefin, Polyurethane, Polystyrene, Others), Foam Type (Rigid Foam, Spray Foam, Flexible Foam), End-Use Applications (Transportation, Aerospace & Defence, Manufacturing & Construction, Medical & Healthcare, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

According to the report published by Zion Market Research, global demand for engineered foam market was valued at approximately USD 59.4 Billion in 2019, and is expected to generate revenue of around USD 120.8 Billion by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.

26-Oct-2020 | Number of pages: 110 | Report Code: ZMR-659 | Report Format : | Status : Published

Abstract

According to the report published by Zion Market Research, global demand for engineered foam market was valued at approximately USD 59.4 Billion in 2019, and is expected to generate revenue of around USD 120.8 Billion by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.

Global Engineered Foam Market: Overview

Engineered foam is lightweight plastic that is critically important in a wide range of end-use application. It includes wind energy, packaging, automotive, energy sector, construction and many others. It is used in the production of shock absorption and waterproofing gaskets. In sports and leisure applications, engineered foam is used to unite to the part that needs cushioning impact, lightness such as helmet paddings, flotation devices, and wrestling mats.

Global Engineered Foam Market: Growth Factors

Short product life cycles and high evolution in end-use industries may drive the global engineered foam market in future. Additionally, growth in the development of the sports & leisure, automotive industries, and construction is anticipated to enhance the global market growth.

Global Engineered Foam Market: Segmentation

The global engineered foam market is categorized based on end-use applications as transportation, aerospace & defence, manufacturing & construction, medical & healthcare, and others. However, the global market is further bifurcated on the basis of the material type as polyvinyl chloride, polyolefin, polyurethane, polystyrene, and others. Of these, polyurethane is the leading material segment in the global market. It is the most versatile construction materials largely used in the various applications by the end-users. It acts as strong rigid plastics and can be processed by using film blowing, extrusion, two-part liquid molding, injection molding, and solution dipping. Owing to such extraordinary properties, it is gradually replacing traditional plastic material and metals.

Furthermore, based on form types, the global engineered foam market is segmented as rigid foam, spray foam, and flexible foam. Of these, the flexible foam is the leading form type segment in the global market. However, spray foam segment is growing significantly in the near future. It is extensively used in the coating applications for repair in cushioning and existing insulations. The major advantage of the spray foam is that it is instantly ready to use and does not require additional molding cost as in the case of flexible and rigid foams. In addition, it used in insulation applications such as medium-density closed-cell spray foam insulation and light-density open-cell spray foam insulation.

Global Engineered Foam Market: Regional Analysis

The global engineered foam market has been fragmented into five main regions including Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific contributed for the largest market share in the global market due to growth in the airline industries and may fuel the global engineered foam market in future. Moreover, higher investment in the space research activities also propels the global market in Latin America. The Middle East & Africa is also anticipated to show considerable growth in the near future.

Global Engineered Foam Market: Competitive Players

Key players in the global engineered foam market are The DOW Chemical Company, Form partner Group, Inoac Corporation, UFP Technologies, Inc., Fxi-Foamex Innovations, Huntsman Corporation, Trelleborg AB, and Rogers Corporation. Other major players in the global market include The Woodbridge Group, Armacell GmbH, Vita (Lux Iii) S.A.R.L, Bayer AG, Sekisui Chemical Co., Ltd., Future Foam, Inc., BASF SE, Recticel NV/Sa, and Foamcraft, Inc. among others.

Global Engineered Foam Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Short product life cycles and high evolution in end-use industries may drive the global engineered foam market in future. Additionally, growth in the development of the sports & leisure, automotive industries, and construction is anticipated to enhance the global market growth.

According to Zion Market Research, global demand for engineered foam market is expected to generate revenue of around USD 120.8 Billion by end of 2026, growing at a CAGR of around 7.5% between 2020 and 2026.

Asia Pacific contributed for the largest market share in the global market due to growth in the airline industries and may fuel the global engineered foam market in future.

Some main participants of the engineered foam market are are The DOW Chemical Company, Form partner Group, Inoac Corporation, UFP Technologies, Inc., Fxi-Foamex Innovations, Huntsman Corporation, Trelleborg AB, and Rogers Corporation. Other major players in the global market include The Woodbridge Group, Armacell GmbH, Vita (Lux Iii) S.A.R.L, Bayer AG, Sekisui Chemical Co., Ltd., Future Foam, Inc., BASF SE, Recticel NV/Sa, and Foamcraft, Inc. among others.

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