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Global Foam Plastic Market By Type (Polyurethane, Polystyrene, Polyolefin, Phenolic, Others), By Application (Building & Construction, Packaging, Automotive, Furniture & Bedding, Others), By Region, Forecast & Opportunities to 2026

The global foam plastics market accounted for a value of USD 49.1 billion in 2019. Foam Plastic market projected to register growth at a CAGR of 4.1% during forecast period.

COVID-19 has impacted the foam plastics market as supply chain got disrupted due to travel restriction and manufacturing units have to shut or halt its production due to lockdown. The demand from end-users industries is declined as the major end-users industries have to shut its units for months. The construction activities are reduced in the market which has direct effect on foams plastics. The foam plastics market will foresee a significant decline due to spread of corona virus.

Definition:

Foam plastics are expanded plastics which can be made from almost any type of polymer. It is a synthetic resin which can be converted into sponge-like mass with either closed or open cell structure. Foam plastics have properties such as sound absorption, quake-proof, heat preservation and lightweight. Foam plastics can be used for wall insulation and cold storage applications.

Market Dynamics (Drivers/Opportunities):

Foam plastics are used for various applications such as forging, doors, slabs, roof board, wall insulation and sound proofing etc. The ongoing developments in infrastructure involve huge investments in non-residential buildings, new housing projects and renovation projects in various regions around the globe. It utilizes foam plastics at large scale and increases demand for foam plastics. This drives growth in foam plastics market during forecast period.

Foam plastics are preferred by various industries due to their excellent properties such as low water absorption, low heat conduction, low density, low material cost, high insulating properties and good mechanical strength. This increases demand and adoption of foam plastics and drives growth in this market during forecast period.

Market Insights, by Type

On the basis of type, the foam plastics market is segmented into polyurethane, polystyrene, polyolefin, phenolic and others. The polyurethane segment is estimated to grow at highest CAGR during forecast period. Polyurethane posses low heat conduction, low water absorption, low density and good insulation properties which are highly in demand for various applications.  This foam is available in various rigidity, density and hardness levels and has different applications in the market. This is likely to drive growth in polyurethane foam plastics type segment during forecast period.

Market Insights, by Application

On the basis of type, the foam plastics market is segmented into building & construction, packaging, footwear, sports & recreational, furniture & bedding, automotive and others. The building & construction application accounted for largest market share in 2019 and it is estimated to lead the market during forecast period. The foam plastics are used making roof board, slabs, doors, forging and wall insulation etc in building & construction industry. Foam plastics are highly preferred by manufactures due to their properties such as low density, low water absorption, good mechanical strength and low heat conduction. The demand and adoption of foam plastics is increasing in building & construction industry and this drives growth in building & construction industry during forecast period.

Regional Insights

Asia-Pacific region is estimated to be fastest growing region in foam plastics during forecast period. This region is undergoing high economic growth and various companies are investing in various industries such as packaging, building & construction, furniture & bedding and automotive. The rate of urbanization is very high which involves construction of advanced infrastructure that involves foam plastics utilization at large scale. The demand for foam plastics is very high in Asia-Pacific region due to increase in construction activities and infrastructure development projects. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in foam plastics are BASF SE, Covestro, Huntsman International LLC, The Dow Chemical Company, Wanhua Chemical Group, Hexion INC., MCNS, Sabic, Shell International B.V., Total S.A., Alchemie Ltd., Changzhou Dahua Group Ltd., China Petrochemical Corporation, Kumho Mitsui Chemicals Corp., Kuwait Polyurethane Industries, Lanxess and LG Chem.

Segments Covered in the Report

This report forecasts The Global Foam Plastics Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global foam plastics market report on the basis of type and application.

Foam Plastic Market Size & Forecast (2017-2026)

    1. Research Framework
      • Market Definition and Product Overview
      • Market Segmentation
    2. Research Methodology
      • Qualitative Research
        • Primary & Secondary Sources
      • Quantitative Research
        • Primary & Secondary Sources
      • Breakdown of Primary Research Respondents, By Region
        • Secondary Research
        • Primary Research
      • Breakdown of Primary Research Respondents, By Industry Participants
        • Market Size Estimation
        • Assumption for the Study
        • Market Breakdown & Data Triangulation
    1. Executive Summary
      • Market Snapshot
    2. Industry Insights
      • Industry ecosystem analysis
        • Value Chain Analysis
      • Industry impact and forces
        • Growth Drivers
        • Challenges &Restraints
        • Opportunities
      • Disruptive Technological Analysis
      • Regulatory framework
        • North America
        • Europe
        • Asia Pacific
        • Middle East & Africa
        • South America
      • Growth potential analysis, 2019
      • Porter’s Five forces analysis
      • Pricing Analysis
        • North America
        • Europe
        • Asia Pacific
        • Middle East & Africa
        • South America
    1. COVID – Impact Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    2. Foam Plastic Market, By Type, Market Size & Forecast To 2026

    (USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

    • Introduction
    • Polyurethane
    • Polystyrene
    • Polyolefin
    • Phenolic
    • Others
    1. Foam Plastic Market, By Application , Market Size & Forecast To 2026

    (USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

    • Introduction
    • Building & Construction
    • Packaging
    • Footwear, Sports & Recreational
    • Furniture & Bedding
    • Automotive
    • Others
    1. Foam Plastic Market, By Region, Market Size & Forecast To 2026

    (USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

    • Introduction
    • North America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Application
      • By Country
        • USA
          • By Application
        • Canada
        • Mexico
      • South America Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Application
        • By Country
          • Brazil
            • By Application
          • Argentina
          • Chile
          • Rest of South America
        • Europe Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Application
          • By Country
            • UK
              • By Application
            • Germany
            • France
            • Italy
            • Rest of Europe
          • APAC Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Application
            • By Country
              • China
                • By Application
              • India
              • Japan
              • South Korea
              • Australia
              • Rest of APAC
            • Middle East & Africa Market Size & Forecast To 2026
              • Market Overview
              • COVID-19 Impact
              • By Type
              • By Application
              • By Country
                • Saudi Arabia
                  • By Application
                • UAE
                • Qatar
                • Kuwait
                • South Africa
                • Rest of Middle East & Africa
    1. Competitive Landscaping
      • Competitive Benchmarking
        • Market Share Analysis, 2019
        • Global Presence and Growth Strategies
          • Mergers & Acquisitions
          • New Product Launches
          • Investments Trends
          • R&D Initiatives
    1. Company Profile
      • LG Chem
        • Company Overview
        • Financial Overview
        • Product Portfolio
        • Recent Developments
        • SWOT Analysis
        • Strategic Outlook
      • BASF SE
      • Covestro
      • Huntsman International LLC
      • The Dow Chemical Company
      • Wanhua Chemical Group
      • Hexion INC.
      • MCNS
      • Sabic
      • Shell International B.V.
      • Total S.A.
      • Alchemie Ltd.
      • Changzhou Dahua Group Ltd.
      • China Petrochemical Corporation
      • Kumho Mitsui Chemicals Corp.
      • Kuwait Polyurethane Industries
      • Lanxess
    2. Appendix
      • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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