폴리에틸렌(PE) 폼 시장 예측(-2030년) : 제품 유형, 밀도, 형태, 용도, 지역별 세계 분석

According to Stratistics MRC, the Global Polyethylene (PE) Foam Market is accounted for $4.1 billion in 2023 and is expected to reach $7.1 billion by 2030 growing at a CAGR of 8.0% during the forecast period. Polyethylene (PE) foam is a type of closed-cell foam material made from polyethylene, a thermoplastic polymer. It is commonly used for packaging, insulation, cushioning, and other applications that require lightweight, flexible, and durable materials. PE foam is known for its excellent shock absorption properties, resistance to chemicals and moisture, and thermal insulation capabilities. It can be manufactured in various densities and thicknesses to suit different needs and is often chosen for its cost-effectiveness and versatility.

According to the India Brand Equity Foundation, in 2021, medical device exports from India were valued at USD 2.53 billion and were expected to surpass USD 10 billion by 2025.

Market Dynamics:

Driver:

Growing demand in packaging

The market is witnessing a significant surge in demand, primarily driven by the growing need for packaging solutions across various industries. These foam's lightweight, versatile, and cushioning properties make it an ideal choice for protecting products during transit and storage. With e-commerce and retail sectors expanding rapidly, there's a heightened focus on efficient and sustainable packaging, further boosting the demand for PE foam solutions. This trend is expected to continue as businesses prioritize safe and eco-friendly packaging options.

Restraint:

Competition from substitutes

Materials like polypropylene (PP) foam, expanded polystyrene (EPS), and polyurethane (PU) foam are increasingly being used in similar applications, posing a threat to market share. These substitutes offer different properties such as higher stiffness, better insulation, or lower cost, making them attractive alternatives for certain applications. As a result, PE foam manufacturers must innovate and differentiate their products to remain competitive in this evolving market landscape.

Opportunity:

Rising construction activities

The market is witnessing a surge in construction activities, driven by its versatile applications and benefits. PE foam's lightweight nature, thermal insulation properties, and moisture resistance make it ideal for various construction purposes. From insulation in buildings to packaging materials, its demand is rising steadily. Additionally, advancements in manufacturing technologies and increased focus on sustainable materials are further fueling growth in this sector, promising a robust expansion in the coming years.

Threat:

Volatility in raw material prices

Fluctuations in the prices of key raw materials like ethylene, propylene, and butadiene have directly impacted the production costs of PE foam manufacturers. This volatility is attributed to various factors such as global supply-demand dynamics, geopolitical tensions affecting oil and gas markets, and fluctuations in currency exchange rates. Such unpredictability poses challenges for industry players in managing production costs and pricing strategies effectively.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the Polyethylene (PE) foam market, causing disruptions in the supply chain and reduced demand due to economic slowdowns. Manufacturing facilities faced closures or reduced capacity, leading to supply shortages and price fluctuations. However, the market also witnessed a surge in demand for PE foam in packaging, medical, and hygiene applications, driven by the need for protective equipment and safe packaging solutions.

The non-cross-linked polyethylene (PE) segment is expected to be the largest during the forecast period

The non-cross-linked polyethylene (PE) segment is expected to be the largest during the forecast period. With a cellular structure that provides excellent cushioning and insulation properties, non-cross-linked PE foam finds wide application across various industries such as packaging, automotive, construction, and healthcare. Its lightweight nature, moisture resistance, and durability make it a preferred choice for protective packaging, insulation, and padding solutions, driving its demand in the market.

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

The automotive segment is expected to have the highest CAGR during the forecast period. PE foam finds applications in various automotive components like headliners, door panels, insulation pads, and seat cushions. Its versatility, cost-effectiveness, and ability to reduce vehicle weight while improving safety and comfort make it a sought-after material. As automotive manufacturers prioritize sustainability and performance, PE foam is expected to witness continued growth in the market.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. This foam is widely used in packaging applications, especially for cushioning and protection during transportation. It is also used in the automotive industry for insulation and soundproofing, in construction for thermal insulation, and in healthcare for medical packaging and devices. There is a growing trend towards sustainable packaging solutions, which has led to the development of bio-based and recyclable PE foams.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. As construction activities continue to expand in the region, particularly in countries like China, India, and Southeast Asian nations, the demand for PE foam for insulation in buildings and infrastructure projects has increased. There is a growing emphasis on sustainable packaging solutions and environmentally friendly materials. PE foam, particularly recyclable and biodegradable variants, is gaining traction as companies and consumers prioritize eco-friendly options.

Key players in the market

Some of the key players in Polyethylene (PE) Foam market include Rogers Foam Corporation, Wisconsin Foam Products, Mitsui Chemicals Inc., Armacell, JSP, Sealed Air Corporation, Hira Industries LLC, Wisconsin Foam Products, The DOW Chemical Company, PAR Group, Zotefoams PLC, Rhira Industries LLC, Thermotec and Trecolan GmbH.

Key Developments:

In February 2023, Sealed Air Corp. acquired Liqui Box for a purchase price of USD 1.15 billion. Liqui Box is a manufacturer of sustainable fluid and liquid packaging and dispensing technologies in bag-in-box packaging.

In November 2022, Zotefoams PLC, an industrial plastics company based in London, acquired Refour APS. The company believes that by incorporating Refour's expertise, technology, and equipment, it will be able to speed up the development of the entirely recyclable mono-materials it is working on through its MuCell Extrusion division.

Product Types Covered:

• Cross-linked Polyethylene (PEX)
• Non-cross-linked Polyethylene (PE)
• Microcellular Polyethylene Foam
• Chemically Cross-linked Polyethylene Foam
• Other Product Types

Density Covered:

• Linear Low-Density Polyethylene
• Low-Density Polyethylene
• High-Density Polyethylene

Form Covered:

• Blocks
• Custom Shapes
• Rolls
• Sheets

Applications Covered:

• Packaging
• Building & Construction
• Automotive
• Medical
• Sports & Leisure
• Other Applications

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 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 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 Polyethylene (PE) Foams Market, By Product Type

• 5.1 Introduction
• 5.2 Cross-linked Polyethylene (PEX)
• 5.3 Non-cross-linked Polyethylene (PE)
• 5.4 Microcellular Polyethylene Foam
• 5.5 Chemically Cross-linked Polyethylene Foam
• 5.6 Other Product Types

6 Global Polyethylene (PE) Foams Market, By Density

• 6.1 Introduction
• 6.2 Linear Low-Density Polyethylene
• 6.3 Low-Density Polyethylene
• 6.4 High-Density Polyethylene

7 Global Polyethylene (PE) Foams Market, By Form

• 7.1 Introduction
• 7.2 Blocks
• 7.3 Custom Shapes
• 7.4 Rolls
• 7.5 Sheets

8 Global Polyethylene (PE) Foams Market, By Application

• 8.1 Introduction
• 8.2 Packaging
• 8.3 Building & Construction
• 8.4 Automotive
• 8.5 Medical
• 8.6 Sports & Leisure
• 8.7 Other Applications

9 Global Polyethylene (PE) Foams Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Rogers Foam Corporation
• 11.2 Wisconsin Foam Products
• 11.3 Mitsui Chemicals Inc.
• 11.4 Armacell
• 11.5 JSP
• 11.6 Sealed Air Corporation
• 11.7 Hira Industries LLC
• 11.8 Wisconsin Foam Products
• 11.9 The DOW Chemical Company
• 11.10 PAR Group
• 11.11 Zotefoams PLC
• 11.12 Rhira Industries LLC
• 11.13 Thermotec
• 11.14 Trecolan GmbH