Report Scope & Overview:
Industrial Foam Market Size was valued at USD 59.64 billion in 2022, and is expected to reach USD 89.47 billion by 2030, and grow at a CAGR of 5.2% over the forecast period 2023-2030. Foam is a solid or liquid made by packing bubbles of gas together. Things like bath sponges and the top of a wine glass are made of foam. Most foams have a lot of gas in them, and the places where the gas is is separated by thin layers of liquid or solid. Soap foam is also called suds. Foams are used in many industries, like cars, mining and manufacturing, aviation, shoes, arts and entertainment, furniture, and mattresses. PU foam is a flexible material that can be used in both the car industry and the building industry. It helps automakers solve problems like reducing weight, reducing stress, getting better gas mileage, and making cars that last longer.
Market Dynamics:
Drivers:
Demand for foam from many industries is growing.
Saving energy and making the world last
Restraints:
Changes in the prices of raw materials
Opportunity:
Bio-based polyols are becoming more popular.
Using polyols made from CO2 more and more
Challenge:
There are strict rules about how chemicals can be used.
Because of the COVID-19 pandemic, there are problems with the supply chain, trade, and the economy as a whole.
Impact of Covid-19:
The pandemic is expected to have a big effect on many parts of the value chain of industrial foams, especially in 2021. This effect is expected to show up during the forecast period. COVID-19 has a number of effects, which are as follows:
Impact on raw materials: Because COVID-19 lockdowns were put in place all over the world, the demand for MDI dropped a lot from March to June 2020. The most important buyers in Asia-Pacific either cancelled their advance orders or put off buying. Because of the outbreak and spread of COVID-19, there isn't enough TDI in key places around the world. Most industrial companies have shut down, and many countries have closed their ports, so there is no movement of goods. Several orders for TDI have been cancelled because of this.
Effect on companies that make industrial foam: Because of the COVID-19 outbreak, most of the factories in Europe that make industrial foams have either shut down or are running at a lower capacity.
Effect on industries that use it: It is thought that the COVID-19 will have different effects on the building industry in different parts of the world. The building and construction industry in Europe has been cut by 60–70% by 2020. But in Asia and the Pacific, China's economy is getting better because construction is back to normal in most parts of the country.
Key Players:
Zotefoams Plc., BASF SE,Covestro AG, Rogers Corporation, Recticel NV/SA, Sealed Air Corporation, Bayer Material Science, The Woodbridge Group, Ube Industries, Ltd, The Dow Chemical Company, Huntsman International LLC, Wanhua Chemical Group Co., Ltd.
Market Segmentation:
By Foam Type
Flexible
Rigid
By End-use Industry
Building & Construction
HVAC
Industrial pipe insulation
Marine
Aerospace
Industrial cold storage
Others
By Type
Polyurethane
Polystyrene
Polyolefin
Phenolic
PET
Others
Regional Analysis:
The Asia-Pacific region is expected to have the largest share of the global foam market from 2021 to 2027. In 2020, 39.2% of the market was made up of Asia and the Pacific. The region is growing the fastest in the bubble market. This is because the economy is growing quickly and a lot of money is being put into the auto, ship, construction, manufacturing, and manufacturing industries. The Asia-Pacific market is growing because architects, car companies, clothing companies, sports and leisure companies, furniture and bedding companies, and manufacturing companies are using foam more and more. The market has changed and grown because people want better products, the population keeps growing, and the end industry keeps growing.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 59.64 Billion |
Market Size by 2030 | US$ 89.47 Billion |
CAGR | CAGR of 5.2% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Foam Type (Flexible, Rigid) • By End-use Industry (Building & Construction, HVAC, Industrial pipe insulation, Marine, Aerospace, Industrial cold storage, Others) • By Type (Polyurethane, Polystyrene, Polyolefin, Phenolic, PET, Others) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Zotefoams Plc., BASF SE,Covestro AG, Rogers Corporation, Recticel NV/SA, Sealed Air Corporation, Bayer Material Science, The Woodbridge Group, Ube Industries, Ltd, The Dow Chemical Company, Huntsman International LLC, Wanhua Chemical Group Co., Ltd. |
DRIVERS | • Demand for foam from many industries is growing. • Saving energy and making the world last |
Restraints | • Changes in the prices of raw materials |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Bio-based polyols are becoming more popular and Using polyols made from CO2 more and more are the opportunity for Industrial Foam Market
Ans: Impact on raw materials: Because COVID-19 lockdowns were put in place all over the world, the demand for MDI dropped a lot from March to June 2020. The most important buyers in Asia-Pacific either cancelled their advance orders or put off buying.
Effect on companies that make industrial foam: Because of the COVID-19 outbreak, most of the factories in Europe that make industrial foams have either shut down or are running at a lower capacity.
Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report
Ans: Industrial Foam Market Size was valued at USD 56.70 billion in 2021, and expected to reach USD 80.85 billion by 2028, and grow at a CAGR of 5.2 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Industrial Foam Market Segment, By Foam Type
8.1 Flexible
8.2 Rigid
9.Industrial Foam Market Segment, By End-use Industry
9.1 Building & Construction
9.2 HVAC
9.3 Industrial pipe insulation
9.4 Marine
9.5 Aerospace
9.6 Industrial cold storage
9.7 Others
10.Industrial Foam Market Segment, By Type
10.1 Polyurethane
10.2 Polystyrene
10.3 Polyolefin
10.4 Phenolic
10.5 PET
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 Wanhua Chemical Group Co., Ltd.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Zotefoams Plc.
12.3 BASF SE
12.4 Covestro AG
12.5 Rogers Corporation
12.6 Recticel NV/SA
12.7 Sealed Air Corporation
12.8 Bayer Material Science
12.9 The Woodbridge Group
12.10 Ube Industries, Ltd
12.11 The Dow Chemical Company
12.12 Huntsman International LLC
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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