Structural Foam Market Future Trends, Regional and Competitive Analysis by 2025
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<strong>Structural</strong> <strong>Foam</strong> <strong>Market</strong> <strong>Future</strong> <strong>Trends</strong>, <strong>Regional</strong> <strong>and</strong> <strong>Competitive</strong><br />
<strong>Analysis</strong> <strong>by</strong> <strong>2025</strong><br />
“The market is subject to witness a substantial growth due to the<br />
rising infrastructure activities, growing residential & commercial<br />
construction industry <strong>and</strong> substantial growth of retail sector.<br />
Additionally, the growing need for structural foam in material<br />
h<strong>and</strong>ling, automotive, <strong>and</strong> electrical & electronics industry from<br />
BRICS.”<br />
The global <strong>Structural</strong> <strong>Foam</strong> market size is expected to value at USD 42.2 billion <strong>by</strong> <strong>2025</strong>. The market is subject<br />
to witness a substantial growth due to the rising infrastructure activities, growing residential & commercial<br />
construction industry <strong>and</strong> substantial growth of retail sector. Additionally, the growing need for structural foam<br />
in material h<strong>and</strong>ling, automotive, <strong>and</strong> electrical & electronics industry from BRICS (Brazil, Russia, India, China<br />
<strong>and</strong> South Africa) countries are expected to drive the growth of the market over the forecast period.<br />
Globally, the structural foam market is predicted to grow at CAGR of 5.8% in forecast period, providing<br />
numerous opportunities for market players to invest in research <strong>and</strong> development in the market. <strong>Structural</strong><br />
foams offer advantages such as lightweight <strong>and</strong> superior weight to strength ratio, mainly in comparison with<br />
the solid plastics. Such factors are largely influencing dem<strong>and</strong> of the structural foams. Other advantages of<br />
structural foams include stability, conductivity, heat resistance, <strong>and</strong> toughness.<br />
Increasing adoption of structural foams in material h<strong>and</strong>ling equipment that is commonly used for small distance<br />
travel for industrial goods within the production plant, thus exp<strong>and</strong>ing overall market reach of the structural<br />
foam industry over the forecast period. Other applications of the structural foam include packaging services,<br />
shipbuilding, wind power, <strong>and</strong> consumer goods, such factors are playing critical role in the growth of structural<br />
foam market in the last couple of years.<br />
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However, variation in the cost of the raw materials <strong>and</strong> shifting preference towards biodegradable plastics as a<br />
reliable substitute replacing non-biodegradable foam are expected to limit market growth over the forecast<br />
period. Yet, large corporations are increasingly setting up supply partnerships <strong>and</strong> implementing forward <strong>and</strong><br />
backward integration in the supply chain network, thus driving market growth in the last couple of years.<br />
Although, changing fuel prices, increasing dem<strong>and</strong> for premium quality products at cheap rates <strong>and</strong> growing<br />
competition in the market are further restraining market progress to a certain extent.<br />
Polyethylene is considered as one fastest growing segment in the structural foam industry with substantial<br />
revenue generation in the last couple of years. Growing popularity of the polyethylene foam market segment is<br />
credited to the factors such as lightweight, durability, heat resistance <strong>and</strong> a closed-cell material composition.<br />
Polyethylene is widely used in the packaging of delicate products <strong>and</strong> automobile parts, thus fostering market<br />
value in the recent years.<br />
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Rigid polyurethanes has also witnessed substantial growth in the last couple of years owing to increase in<br />
adoption as a structural material. Rigid polyurethanes has also displayed important properties such as<br />
toughness, lightweight, <strong>and</strong> resilience. Rigid polyurethanes also provide protection against chemical reactions<br />
<strong>and</strong> moisture effects thus making it an ideal choice for various application such as building & product insulation.<br />
Growing dem<strong>and</strong> for structural foams in the automobile sector are expected to fuel market growth over the<br />
forecast period. Additionally, introduction of lightweight composites <strong>and</strong> its advantages are expected to boost<br />
market dem<strong>and</strong> for structural foam in upcoming years as well. Recently, integration of the structural foam into<br />
various parts of a vehicle like body-side joints, chains, ledges, under body cross-vehicle frame, longitudinal<br />
frames or frame bars, machine cradles, body-side rails, door panels <strong>and</strong> hydro-formed reinforcements.<br />
The structural foam market is divided <strong>by</strong> region as North America, Europe, Asia-Pacific, Latin America <strong>and</strong> Africa.<br />
North America has shown major growth in recent years owing to the rise in the adoption of latest technologies<br />
in construction & building industry <strong>and</strong> existence of well-established industrial infrastructure.<br />
Asia-Pacific region is predicted to hold major market share in the structural foam industry with massive growth<br />
in forecast period. Countries such as India, China <strong>and</strong> Indonesia are leading the Asia-Pacific’s market with high<br />
economic growth, ever-growing population, increasing st<strong>and</strong>ard of living, <strong>and</strong> significant investment <strong>by</strong> leading<br />
industry players considering potential growth opportunities in the region. The key players in the structural foam<br />
industry are Armacell International S.A., Diab International AB, Evonik Industries AG, Covestro AG, <strong>and</strong> Gurit<br />
Holding AG.<br />
<strong>Market</strong> Segment:<br />
<strong>Structural</strong> <strong>Foam</strong> Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - <strong>2025</strong>)
• Polyethylene<br />
• Polypropylene<br />
• Polystyrene<br />
• Polyurethane<br />
• Others<br />
<strong>Structural</strong> <strong>Foam</strong> Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - <strong>2025</strong>)<br />
• Material H<strong>and</strong>ling<br />
• Building & Construction<br />
• Automotive<br />
• Electrical & Electronics<br />
• Others<br />
<strong>Structural</strong> <strong>Foam</strong> <strong>Regional</strong> Outlook (Volume, Kio Tons; Revenue, USD Million, 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Europe<br />
• Germany<br />
• UK<br />
• France<br />
• Asia Pacific<br />
• China<br />
• India<br />
• Japan<br />
• Central & South America
• Middle East & Africa<br />
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