Structural Foam Market Future Trends, Regional and Competitive Analysis by 2025

However, variation in the cost of the raw materials and shifting preference towards biodegradable plastics as a
reliable substitute replacing non-biodegradable foam are expected to limit market growth over the forecast
period. Yet, large corporations are increasingly setting up supply partnerships and implementing forward and
backward integration in the supply chain network, thus driving market growth in the last couple of years.
Although, changing fuel prices, increasing demand for premium quality products at cheap rates and growing
competition in the market are further restraining market progress to a certain extent.
Polyethylene is considered as one fastest growing segment in the structural foam industry with substantial
revenue generation in the last couple of years. Growing popularity of the polyethylene foam market segment is
credited to the factors such as lightweight, durability, heat resistance and a closed-cell material composition.
Polyethylene is widely used in the packaging of delicate products and automobile parts, thus fostering market
value in the recent years.
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Rigid polyurethanes has also witnessed substantial growth in the last couple of years owing to increase in
adoption as a structural material. Rigid polyurethanes has also displayed important properties such as
toughness, lightweight, and resilience. Rigid polyurethanes also provide protection against chemical reactions
and moisture effects thus making it an ideal choice for various application such as building & product insulation.
Growing demand for structural foams in the automobile sector are expected to fuel market growth over the
forecast period. Additionally, introduction of lightweight composites and its advantages are expected to boost
market demand for structural foam in upcoming years as well. Recently, integration of the structural foam into
various parts of a vehicle like body-side joints, chains, ledges, under body cross-vehicle frame, longitudinal
frames or frame bars, machine cradles, body-side rails, door panels and hydro-formed reinforcements.
The structural foam market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa.
North America has shown major growth in recent years owing to the rise in the adoption of latest technologies
in construction & building industry and existence of well-established industrial infrastructure.
Asia-Pacific region is predicted to hold major market share in the structural foam industry with massive growth
in forecast period. Countries such as India, China and Indonesia are leading the Asia-Pacific’s market with high
economic growth, ever-growing population, increasing standard of living, and significant investment by leading
industry players considering potential growth opportunities in the region. The key players in the structural foam
industry are Armacell International S.A., Diab International AB, Evonik Industries AG, Covestro AG, and Gurit
Holding AG.
Market Segment:
Structural Foam Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)