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Global Engineered Foam Market
Market Size in USD Billion
CAGR :
%
USD
83.70 Billion
USD
154.35 Billion
2021
2029
Forecast Period
2022 –2029
Market Size(Base Year)
USD
83.70 Billion
Market Size (Forecast Year)
USD
154.35 Billion
CAGR
7.95
%
Major Markets Players
UFP TechnologiesInc FXI
Trelleborg AB
Armacell
Sekisui Chemical Co.Ltd.
Future Foam
Global Engineered Foam Market, By Type (Polyurethane, Polystyrene, Polyolefin, Polyvinyl Chloride, Others), Form (Flexible, Rigid, Spray), End-User (Aerospace and Defence, Medical and Healthcare, Transportation, Manufacturing and Construction, Other) – Industry Trends and Forecast to 2029.
Engineered foam Market Analysis and Size
Engineered foam is a lightweight plastic used in various end user industries. Engineered foam is generally used as an insulator in the construction and manufacturing industries. Moreover, the government also funding for the development of advanced engineered foam products which is anticipated to propel the growth of the engineered foam market globally over the forecast period of 2022-2029. Also, the demand for the engineered foam in urban areas is generally more intense than in countryside due to which the engineered foam market is probably on the rise in next few years.
Data Bridge Market Research analyses that the engineered foam market is expected to undergo a CAGR of 7.95% during the forecast period. This indicates that the market value, which was USD 83.70 billion in 2021, would rocket up to USD 154.35 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Engineered foam Market Scope and Segmentation
Report Metric
Details
Forecast Period
2022 to 2029
Base Year
2021
Historic Years
2020 (Customizable to 2019 - 2014)
Quantitative Units
Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered
Type (Polyurethane, Polystyrene, Polyolefin, Polyvinyl Chloride, Others), Form (Flexible, Rigid, Spray), End-User (Aerospace and Defence, Medical and Healthcare, Transportation, Manufacturing and Construction, Other)
Countries Covered
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
UFP Technologies, Inc, (U.S.), FXI (U.S.), Trelleborg AB (publ) (Sweden), Armacell (Luxembourg), Sekisui Chemical Co., Ltd. (Japan), Future Foam (U.S.), Foamcraft (U.S.), BASF SE (Germany), Bayer Material Science (U.S.), Dow (U.S.), Huntsman International L.L.C (U.S.) Rogers Corporation (U.S.), Ube corporation (Japan), Recticel (Belgium), Zotefoams Plc (U.K.), The Woodbridge (Canada), Sekisui Alveo (Switzerland), Indoac corporation (Japan), covestro AG (Germany)
Market Opportunities
Growth and expansion of buildings and construction industry
Rising research and development opportunities
Rising demand for bio-based material
Government initiatives and increased research activities
Market Definition
Engineered foam is made from flexible polyurethane, polystyrene or polyethylene. These materials can be formed in various colors, densities and sizes, making them perfect for anything from insulation sheets to manufacturing bespoke packaging for protecting the delicate products, such as electronics products. The engineered foam provides protection from the vibration and scratches. Many other uses of engineered foam include filter elements, car polishing pads, sponges, sanding pads and microphone windshields.
Engineered foam Market Dynamics
Drivers
Growing demand in construction industry
Development in the construction industry has boosted the demand for engineered foam in last few years. This trend is also anticipated to continue during the forecast period because of rising demand of green buildings and growing energy conservation regulations overall the globe. Engineered foam aids in decreasing the cost of total infrastructural by reducing the energy consumption in buildings. The rising demand for engineered foam is expected to drive the market's growth rate.
Rising demand in automotive sector
Growing use of flexible polyurethane in the automotive sector are expected to drive the growth rate of the engineered foam market during the forecast period. Flexible polyurethane is employed in cars for sound insulation and vibration dampening, increasing the demand for engineered foam in the automotive industry.
Environmental initiatives for reducing the use of fossil fuel
New environmental initiatives that aim to reduce fossil fuel consumption and oil and gas as insulation components in the building and manufacturing industries have increased the demand for engineered foam, which is anticipated to fuel the growth of the global engineered foam market.
Furthermore, the rising demand for engineered foam due to its excellent property, increasing usages in construction as well as automobile industries and other industries from emerging economies are some of the major factors which are expected to accelerate engineered foam market during forecast period.
Opportunities
Increase focus towards expansion
The major companies are mostly shifting their focus towards introducing new and innovative products and rising their production capacities into the engineered foam market to attain a competitive advantage. The products are developed in such a way that would help with the minimization of the use of fossil fuel.
Rising demand for bio-based material
Rising demand of bio-based polyols for the production of engineered foam, serve significant cost-effectiveness and sustainability benefits over the conventional polyols. They also reduce the use of oil and petroleum-based raw materials. Bio-based polyols also have superior thermal stability than traditional polyols which will create beneficial opportunities for the market growth.
Government initiatives and increased research activities
The extensive research and development activities by major market players in collaboration with government authorities are serving improve quality of engineered foam. Also, the technological advancements in production of engineered foam are profiting the end-users industries and create immense opportunities for market growth.
Restraints/Challenges
Fluctuation in cost
The high cost of technologically advanced engineered foam products is the major factor which are expected to challenge the growth of global engineered foam market during the forecast period.
This engineered foam market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the engineered foam market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Engineered Foam Market
The outbreak of the COVID-19 pandemic has declined the growth of the engineered foam market globally. During the pandemic, manufacturing companies are dealing with the disrupted demand and supply chains due to the shutdown of manufacturing facilities during this pandemic. In the post pandemic era, growth in the medical and healthcare segment is expected to reinforce global market demand for engineered foam, as it helps to improving patient care. Thus, coronavirus is leaving a major impact on the growth of the engineered foam market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Engineered Foam Market Scope
The engineered foam market is segmented on the basis of type, form and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Polyurethane
Polystyrene
Polyolefin
Polyvinyl Chloride
Others
Form
Flexible
Rigid
Spray
End-User
Aerospace and Defence
Medical and Healthcare
Transportation
Manufacturing and Construction
Others
Engineered Foam Market Regional Analysis/Insights
The engineered foam market is analysed and market size insights and trends are provided by country, type, form and end-user as referenced above.
The countries covered in the engineered foam market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific dominates the engineered foam market due to the considerable growth of the automotive sector in emerging economies such as India and China. Also, this region has increased demand for lightweight structures in the building and construction sector.
North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the presence of large number of automobile manufactures in these regions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Engineered Foam Market Share Analysis
The engineered foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to engineered foam market.
Some of the major players operating in the engineered foam market are:
UFP Technologies, Inc., (U.S.)
FXI (U.S.)
Trelleborg AB (publ) (Sweden)
Armacell (Luxembourg)
Sekisui Chemical Co., Ltd. (Japan)
Future Foam (U.S.)
Foamcraft (U.S.)
BASF SE (Germany)
Bayer Material Science (U.S.)
Dow (U.S.)
Huntsman International L.L.C (U.S.)
Rogers Corporation (U.S.)
Ube corporation (Japan)
Recticel (Belgium)
Zotefoams Plc (U.K.)
The Woodbridge (Canada)
Sekisui Alveo (Switzerland)
Indoac Corporation (Japan)
covestro AG (Germany)
SKU-53891
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Global Engineered Foam Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Engineered Foam Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Engineered Foam Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
Frequently Asked Questions
What are the primary segments covered in the Global Engineered Foam Market report?
The market is segmented based on , By Type (Polyurethane, Polystyrene, Polyolefin, Polyvinyl Chloride, Others), Form (Flexible, Rigid, Spray), End-User (Aerospace and Defence, Medical and Healthcare, Transportation, Manufacturing and Construction, Other) – Industry Trends and Forecast to 2029.
.
What is the current market size of the Global Engineered Foam Market?
The Global Engineered Foam Market size was valued at USD 83.70 USD Billion in 2021.
What is the expected growth rate of the Global Engineered Foam Market?
The Global Engineered Foam Market is projected to grow at a CAGR of 7.95% during the forecast period of 2022 to 2029.
Who are the key players in the Global Engineered Foam Market?
The major players operating in the market include UFP TechnologiesInc FXI , Trelleborg AB , Armacell , Sekisui Chemical Co.Ltd. , Future Foam , Foamcraft , BASF SE , Bayer Material Science , Dow , Huntsman International L.L.C Rogers Corporation , Ube corporation , Recticel , Zotefoams Plc , The Woodbridge , Sekisui Alveo , Indoac corporation Covestro AG .
Which countries are analyzed in the Global Engineered Foam Market report?
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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