The Global Foam Plastics Market research study published by Emergen Research is an extensive collection of insightful information about the Foam Plastics industry. The report covers the Foam Plastics Market segmentation along with a detailed outline of the Foam Plastics market size with regards to volume and valuation. The report provides comprehensive coverage of the Foam Plastics market scenario for the current period and forecast timeline of 2020-2027. The Foam Plastics market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
The global foam plastics market size is expected to reach USD 73.88 billion at a revenue CAGR of 4.5% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to high demand in packaging applications as the material enables high level of safety and damage avoidance during transportation along the supply chains. Other major advantages of foam plastic applications in packaging is cost-effectiveness and easy availability. Also, foam plastics can be molded into a wide variety of shapes, and is thus used in specific applications demanding custom packaging. Also, usage of polyethylene foam in electronics goods packaging ensures superior cushioning, as well as good insulation during transportation.
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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Foam Plastics market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Foam Plastics market landscape.
The increased use of Foam Plastics by municipalities and enterprises is responsible for the market's expansion. The Foam Plastics market is anticipated to grow at a faster rate during the forecast period than traditional treatment procedures like thermal oxidation and chemical oxidation due to the reduced operational and capital costs of Foam Plastics. The demand for Foam Plastics is rising as more people are embracing biological treatment methods like aerobic activated sludge. The use of Foam Plastics solutions is projected to increase in the near future due to rising restrictions on the discharge of treated effluents into freshwater bodies.
The Foam Plastics research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans.
The key companies studied in the report are:
SABIC, Alchemie Ltd., BASF SE, Hexion Inc., Lanxess AG, Covestro AG, LyondellBasell Industries Holdings BV, Huntsman International LLC, LG Chem Ltd., and Tosoh Corporation
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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.
Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Polystyrene
- Polyethylene
- Polyurethane
- Phenolic
- Polyolefin
- Silicone
- Polyvinyl Chloride
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2018–2028)
- Direct
- Indirect
Application Outlook (Revenue, USD Billion; 2018–2028)
- Packaging
- Building Construction
- Automotive
- Sports
- Footwear
- Aerospace
- Others
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Foam Plastics market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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