The global demand for Structural Foam Market is presumed to reach the valuation of nearly USD XXX MN by 2026 from USD XXX MN in 2019 with a CAGR of X.XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XXX Kilo Tons in 2019 and foreseen to touch XXX Kilo Tons by 2026 with a CAGR of X.X% during 2020-2026.
Structural foams are thermoplastic injection molding components created using the injection molding process. The molding process utilizes a chemical blowing agent or an inert gas such as nitrogen or carbon dioxide. The honeycomb natured foams include cellular core, which has an outer side denser than the inner side. The lightweight structural foams offer superior strength and stiffness, along with flexibility. The foams are widely used in construction, packaging, and automotive industries to provide stability and firmness to the existing structure of the products. Mostly, structural foams are used by using polyethylene, polystyrene, and polyurethane. The foams are lightweight, and the strength to weight ratio is high compared to other plastic products.
With proliferating real estate industry, residential and non-residential construction activities are growing swiftly across the globe. Increasing construction activities are creating a positive impact on the global structural foam market. Moreover, growing economies in developing countries and increasing disposable income are prominent factors that are driving the global structural foam market. The increasing demand in the packaging industry and material handling are the few aspects that boost the global market. However, the current pandemic COVID19 is likely to hamper the structural foam market's growth due to declining construction and packaging activities as an effect of global lockdown.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of structural foam.
The entire structural foam market has been sub-categorized into product and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Material Handling
- Building & Construction
- Electrical & Electronics
This section covers regional segmentation which accentuates on current and future demand for structural foam market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Structural Foam Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the structural foam market include Evonik Industries, GI Plastek, SABIC, The Dow Chemical Company, Diab International AB, Gurit Holding AG, One Plastics Group, Armacell International S.A., BASF, Covestro AG. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.