폼 플라스틱 시장 예측(-2030년) : 유형별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Foam Plastics Market is accounted for $113.8 billion in 2023 and is expected to reach $166.7 billion by 2030 growing at a CAGR of 5.6% during the forecast period. Foam plastics are lightweight materials characterized by their cellular structure, which is formed by trapping gas bubbles in a solid polymer matrix. They offer insulation, cushioning, and buoyancy properties, making them suitable for diverse applications such as packaging, insulation, and construction. Foam plastics are known for their versatility and energy-absorbing capabilities.

Market Dynamics:

Driver:

Increasing focus on energy efficiency and insulation

The foam plastics market is driven by an increasing focus on energy efficiency and insulation. Foam plastics are widely utilized for their excellent insulation properties. As industries and construction sectors emphasize energy conservation and thermal efficiency, the demand for foam plastics grows. These materials provide effective insulation, reducing heat transfer and contributing to energy-efficient applications in construction, packaging, and various industries, making them a key driver in the evolving market landscape.

Restraint:

Fluctuations in raw material prices

Foam plastics rely on petrochemical-derived materials like polyethylene and polypropylene due to this, their prices are susceptible to changes in oil and gas prices. Volatile raw material costs impact production expenses, leading to uncertainty in manufacturing budgets. This poses challenges for manufacturers in maintaining stable pricing for foam plastic products.

Opportunity:

Technological advancements in foam production

Innovations such as eco-friendly and sustainable foaming agents, improved manufacturing processes, and enhanced material properties contribute to the development of high-performance foams. These advancements address environmental concerns, increase efficiency, and open new application possibilities. Market players investing in research and development to capitalize on technological breakthroughs are likely to gain a competitive edge, fostering growth and sustainability in the evolving foam plastics market.

Threat:

Concerns about the recyclability and disposal of foam

Increased environmental awareness has intensified scrutiny of the impact of foam waste. The non-biodegradable nature of certain foam plastics raises concerns about long-term environmental consequences, contributing to regulatory pressures and consumer preferences for sustainable alternatives. Failure to address these issues could result in market challenges and a shift towards more eco-friendly alternatives, impacting the growth and acceptance of foam plastics.

Covid-19 Impact:

The COVID-19 pandemic initially impacted the foam plastics market due to disruptions in supply chains, manufacturing, and construction activities. Lockdowns, economic uncertainties, and reduced consumer spending affected demand for foam-based products in industries such as automotive, construction, and packaging. The pandemic-induced restrictions led to a temporary decline in production and sales, impacting the foam plastics market's performance in the initial stages of the global health crisis.

The polyurethane segment is expected to be the largest during the forecast period

The polyurethane segment is anticipated to be the largest in the foam plastics market during the forecast period. This dominance is attributed to polyurethane foam's versatility, offering insulation properties, lightweight structures, and applications in diverse industries such as construction, automotive, and furniture. With ongoing technological innovations and the demand for high-performance materials, polyurethane foam remains a preferred choice, contributing to its projected sustained growth and prominence in the foam plastics market.

The electronics segment is expected to have the highest CAGR during the forecast period

The electronics segment is poised for lucrative growth in the foam plastics market during the forecast period. This growth is attributed to the increasing use of foam plastics in electronic devices for insulation, cushioning, and lightweight structural components. The expanding consumer electronics industry, coupled with advancements in foam technologies catering to specific electronic applications, drives the elevated demand. As a result, the electronics segment is expected to experience rapid growth, reflecting the versatile applications of foam plastics in electronic products.

Region with largest share:

North America is positioned to dominate the foam plastics market due to robust industrial and construction activities, coupled with high consumer demand for foam-based products. The region's strong manufacturing base, innovation capabilities, and widespread applications of foam plastics in industries like automotive, packaging, and construction contribute to its market dominance. With a focus on technological advancements and sustainability, North America is expected to maintain its leadership in the foam plastics market.

Region with highest CAGR:

The Asia Pacific region anticipates rapid growth in the foam plastics market, driven by expanding manufacturing, construction, and packaging industries. Increasing population, urbanization, and rising consumer demand contribute to the elevated use of foam plastics in diverse applications. Government initiatives supporting infrastructure development further boost the market. With a flourishing industrial landscape and a focus on technological advancements, the Asia-Pacific region is poised for substantial growth, making it a key contributor to the global foam plastics market.

Key players in the market

Some of the key players in Foam Plastics Market include BASF SE, ACH Foam Technologies, LLC, Arkema S.A., Armacell International S.A., Borealis AG, Evonik Industries AG, FoamPartner Group, Huntsman International LLC, JSP Corporation, Kaneka Corporation, Lanxess AG, Recticel NV/SA, Rogers Corporation, SABIC, Saint-Gobain, Sealed Air Corporation, Sekisui, Alveo AG, Synthos S.A., The Dow Chemical Company and Toray Industries, Inc.

Key Developments:

In April 2021, Sulzer Chemtech and Borealis launch new polypropylene foam extrusion technology enabling lower cost and increased efficiency across the value chain. Polypropylene (PP) is a highly effective material, offering advanced mechanical properties and being well suited for reusing and recycling. To support the large-scale adoption of ePP, Sulzer Chemtech is now launching a new and innovative production line. Developed together with raw material supplier Borealis, the resulting solution supports the end market efforts towards more circular solutions and is expected to cut manufacturing costs by up to 60%.

In February 2021, Armacell International S.A. launched the ArmaPET brand family. The company's innovative and environment-friendly PET-based foam products are expected to be now offered under the ArmaPET family name. The new brand has four sub-brands, namely, ArmaPET Struct, ArmaPET Eco, ArmaPET Curve, and ArmaPET Shape.

Types Covered:

• Melamine
• Phenolic
• Polyolefin
• Polystyrene
• Polyurethane
• Other Types

End Users Covered:

• Automotive
• Building & Construction
• Electronics
• Furniture
• Healthcare
• Packaging
• Sports & Recreational
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 End User Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Foam Plastics Market, By Type

• 5.1 Introduction
• 5.2 Melamine
• 5.3 Phenolic
• 5.4 Polyolefin
• 5.5 Polystyrene
• 5.6 Polyurethane
• 5.7 Other Types

6 Global Foam Plastics Market, By End User

• 6.1 Introduction
• 6.2 Automotive
• 6.3 Building & Construction
• 6.4 Electronics
• 6.5 Furniture
• 6.6 Healthcare
• 6.7 Packaging
• 6.8 Sports & Recreational
• 6.9 Other End Users

7 Global Foam Plastics Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 BASF SE
• 9.2 ACH Foam Technologies, LLC
• 9.3 Arkema S.A.
• 9.4 Armacell International S.A.
• 9.5 Borealis AG
• 9.6 Evonik Industries AG
• 9.7 FoamPartner Group
• 9.8 Huntsman International LLC
• 9.9 JSP Corporation
• 9.10 Kaneka Corporation
• 9.11 Lanxess AG
• 9.12 Recticel NV/SA
• 9.13 Rogers Corporation
• 9.14 SABIC
• 9.15 Saint-Gobain
• 9.16 Sealed Air Corporation
• 9.17 Sekisui Alveo AG
• 9.18 Synthos S.A.
• 9.19 The Dow Chemical Company
• 9.20 Toray Industries, Inc.