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Industrial Foam Market

Industrial Foam Market Size and Segment 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), by Region Global Market Forecast 2022-2028

Report Id: SNS/C&M/1906 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Industrial Foam Market Size was valued at USD 56.70 billion in 2021, and is expected to reach USD 80.85 billion by 2028, and grow at a CAGR of 5.2% over the forecast period 2022-2028.  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.

Industrial Foam Market Revenue Graph

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

Industrial Foam Market Segment Pie Chart

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

Industrial Foam Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 56.70 Billion
Market Size by 2028 US$ 80.85 Billion
CAGR CAGR of 5.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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


Frequently Asked Questions (FAQ) :

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

 

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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Secondary Research

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