The Polyethylene (PE) Foams Market Size was valued at USD 3.39 billion in 2022, and expected to reach USD 5.45 billion by 2030, and grow at a CAGR of 6.1 % over the forecast period 2023-2030.
By encasing pockets of gas in a liquid or solid, foam is a material or substance that is created. Hydrocarbons or halocarbons are combined with air, water, or gas to create foam. Polyethylene (PE) foam is a form of foam that is created by combining hot, liquid polyethylene (PE) foam with carbon dioxide.
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The Polyethylene (PE) foam has excellent, robust properties because to the combination of gas and polyethylene. High Performance Polyethylene (HPPE) foam is simple to work with and create in comparison. Due to its strong load bearing capabilities, polyethylene (PE) foam is a preferred commodity for packaging in a variety of industries. It is expected that the polyethylene (PE) foam market would grow and register a high CAGR over the forecast period due to the expansion of industries and rise in global commerce.
Drivers:
Major End-Use Application Segments are Growing
Demand is high in APAC
Restraints:
Raw material price volatility
Opportunity:
Co2-Based Polyols are in Increasing Demand
Challenge:
Government regulations that are strict
Demand for Bio-Based Polyols is Growing
The financial and industrial sectors of travel and tourism, manufacturing, and aviation have all seen substantial economic effects from COVID-19. The World Bank and IMF predict that the worst economic downturn will occur in 2020–2021. Economic activity is waning as more nations impose and prolong lockdowns, which has an effect on the world economy.
The interconnectedness of the world economy has increased significantly in recent years. Disruptions in the global supply chain, a decline in demand for imported goods and services, and a rise in the unemployment rate are all indications of the unfavourable effects of the different actions taken to contain COVID-19. With historically low interest rates and severe drops in the prices of commodities and equities, risk aversion has intensified in the financial sector. The level of corporate and consumer confidence has also drastically declined.
By Type:
Non- XLPE
XLPE
By Density
LDPE Foam
HDPE Foam
By End-use Industry:
Automotive
Building & Construction
Footwear, Sports & Recreational
Medical
Others (aviation & aerospace, marine, refrigeration, and electrical & electronics)
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The market for polyethylene (PE) foams is divided into seven major geographic regions, including North America, Latin America, Western Europe, Eastern Europe, and Asia-Pacific, with the exception of Japan, Japan, and the Middle East and Africa.
Due to its relatively large value share in the global market, APEJ, among the aforementioned regions, accounts for a sizeable portion of the polyethylene (PE) foams market. The increased penetration of numerous industries, including FMCG, electronics component, automotive, auxiliary, etc., is the cause of the high demand for polyethylene (PE) foams in APEJ.
Due to the region's rapid industrial development, which creates a strong demand for polyethylene (PE) foam products, APEJ is followed in the worldwide polyethylene (PE) foam market by North America. Due to the region's strong world-class manufacturing and service sectors, Western Europe holds a sizeable volume share of the worldwide polyethylene (PE) foams market.
Over the course of the projection period, the polyethylene (PE) foams market in Eastern Europe and Japan will also contribute significantly in terms of value. Due to the expansion of sectors like logistics and online retailing, developing economies in the Middle East, Africa, and Latin America have been showing some acceptable possibility in the worldwide polyethylene (PE) foams market. The market for polyethylene (PE) foams will have favourable growth overall over the projected period.
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
Wisconsin Foam Products, Inoac Corporation, Trecolan GmbH, JSP, Armacell, PAR Group, The DOW Chemical Company, Sealed Air Corporation, Thermotec, Zotefoams PLC.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 3.39 Billion |
| Market Size by 2030 | US$ 5.45 Billion |
| CAGR | CAGR of 6.1% 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 Type (Non- XLPE, XLPE) • By Density (LDPE Foam, HDPE Foam) • By End-use Industry (Protective Packaging, Automotive, Building & Construction, Footwear, Sports & Recreational, Medical, 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 | Wisconsin Foam Products, Inoac Corporation, Trecolan GmbH, JSP, Armacell, PAR Group, The DOW Chemical Company, Sealed Air Corporation, Thermotec, Zotefoams PLC |
| DRIVERS | • Major End-Use Application Segments are Growing • Demand is high in APAC |
| Restraints | • Raw material price volatility |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: LDPE Foam and HDPE Foam are the sub-segments of by density segment
Ans: The interconnectedness of the world economy has increased significantly in recent years. Disruptions in the global supply chain, a decline in demand for imported goods and services, and a rise in the unemployment rate are all indications of the unfavourable effects of the different actions taken to contain COVID-19. With historically low interest rates and severe drops in the prices of commodities and equities, risk aversion has intensified in the financial sector. The level of corporate and consumer confidence has also drastically declined.
Ans: Major End-Use Application Segments are Growing and Demand is high in APAC are the drivers for Polyethylene (PE) Foams Market.
Ans: Polyethylene (PE) Foams Market Size was valued at USD 3.2 billion in 2021, and expected to reach USD 4.9 billion by 2028, and grow at a CAGR of 6.1 % 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.Polyethylene (PE) Foams Market Segment, By Type
8.1 Non- XLPE
8.2 XLPE
9.Polyethylene (PE) Foams Market Segment, By Density
9.1 LDPE Foam
9.2 HDPE Foam
10.Polyethylene (PE) Foams Market Segment, By End-user Industry
10.1 Protective Packaging
10.2 Automotive
10.3 Building & Construction
10.4 Footwear, Sports & Recreational
10.5 Medical
10.5 Others (aviation & aerospace, marine, refrigeration, and electrical & electronics)
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 Wisconsin Foam Products
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Inoac Corporation
12.3 Trecolan GmbH
12.4 JSP
12.5 Armacell
12.6 PAR Group
12.7 The DOW Chemical Company
12.8 Sealed Air Corporation
12.9 Thermotec
12.10 Zotefoams PLC
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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