Foamed Plastics Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Foamed Plastics Market grew at a CAGR of 3.7% between 2017-2021 and is estimated to be US$ 57,884.3Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.1% and is expected to reach a valuation of US$ 86,510.4Mn by 2032 end.
In building and construction, foam plastics are frequently used for various purposes, including slabs, doors, roof boards, and forging. Additionally, the expansion of new infrastructure, sizeable expenditures in new housing projects, and rehabilitation of non-residential buildings are anticipated to drive the worldwide foam plastics market share in established and emerging economies throughout the projected period.
Low-cost foam plastic materials have many advantages, including great insulating qualities, a low coefficient of heat conduction, low density, and less water absorption. As a result, this product is also highly sought after in the construction and automobile industries. It is projected that these reasons will shortly propel the worldwide foam plastics market.
ChemView Consulting has analyzed that a significant amount of the treatment process cost is related to the cost of sorting foamed plastic trash. Foamed plastic recycling and reuse have gained popularity as a solution to this problem and have opened up a profitable market for foamed plastics producers.
In the building and construction sector, foamed polymers are widely used. They are an appealing option for the building industry because of their strength, cost-effectiveness, longevity, and high flexibility and versatility. They also require little maintenance. Seals, window and door profiles, pipelines, floor covering, and insulation are all applications for foamed plastics.
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Segments Covered in Report
By Product Type:
- Food Packaging
- Transport Packaging
- Building & Construction
- Polyurethane (PU) Foams
- Expanded Polystyrene (EPS) Foam
- Vinyl (Plastisol, PVC) Foams
- Others (PE Foam, PP Foam)
By Distribution Channel:
- Direct Sales
- Indirect Sales
- Convenience Stores
- Online Retailing
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Foamed Plastics Market
- Based on the product type, the building and construction sector will likely expand in the coming years because of increased public and private investment. Construction of social infrastructures, such as healthcare, education, and infrastructure, as well as other consumer end-markets, has a chance to increase as the economy shifts to one that is consumer and services-driven.
- Based on the material, the segment for polyurethane resin is anticipated to have the greatest CAGR. Low density, low water absorption, relatively strong mechanical strength, and effective insulating qualities are all characteristics of polyurethane. There are much different rigidity, hardness, and density levels of foams made from PU resin.
- Based on the region, due to its high-foamed plastic production, which accounts for nearly 47.3% of the region’s market share, the Asia Pacific is predicted to maintain its top spot in the global market. Foamed plastics market growth is fueled by the region’s expanding automotive, building and construction, and food service sectors.
Key companies covered in the market study are Berry Global Inc., Dart Container Corporation, Sealed Air Corporation, Pactiv LLC, Tekni-Plex, Inc., Groupe Guillin SA, D & W Fine Pack LLC, Genpak, LLC, UFP Technologies, Inc., Sirap Gema S.p.a
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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