Global Engineered Foam Market, By End User | CAGR of 7.9%

The global engineered foam market is projected to reach USD 122.30 billion by 2026, at a CAGR of 7.9% from 2016 to 2026. Growing demand of engineered foam in aerospace & defense, transportation, medical & healthcare, and others with high degree of customization to meet their application demand are some of the end-use industries driving the global engineered foam market.

Ask for free sample report @https://www.marketsandmarkets.com/requestsampleNew.asp?id=171499038

Based on end-use industry, aerospace & defense led the market for engineered foam. However, the transportation segment is expected to grow at the highest CAGR during the forecast period. Transportation is one of the key end-use industries for engineered foam. Engineered foams are used in the manufacturing of several vehicle parts, such as seat foam, door panels, and energy absorbs in the automotive industry. The automotive industry is expected to grow at a 5.4% annually, which is expected to drive the demand for engineered foams. The market players of the engineered foam market can expand its products offering for the transportation and automotive industries, which will help the players increase its market share in the engineered foam market.
Polyolefin is the fastest-growing material type segment of the engineered foam market. Polyolefin is majorly used in the packaging and automotive industries. Growing automotive industry and packaging industry, will drive the market of polyolefin engineered foam market. 

Asia-Pacific accounted for the largest share of the global engineered foam market in 2015, owing to the increasing investments in the transportation, and medical & healthcare sector in various countries in the region. It is, also expected to be the fastest-growing market in the coming years, in terms of value. Presently, the engineered foam market in Asia-Pacific is at a growth stage. The growth of the Asia-Pacific engineered foam market is also fueled by the increasing demand from countries, such as Japan, China, India, Indonesia, and others in the region. 

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

The global engineered foam market is fragmented and is highly competitive with the presence of large number of prominent players. The DOW Chemical Company (U.S.), BASF SE (Germany), Bayer AG (Germany), Sekisui Chemical Ltd. (Japan), Huntsman Corporation (U.S.), Trelleborg AB (Sweden), Inoac Corporation (Japan), Recticel NV/SA (Belgium), Vita (Lux III) S.à r.l. (U.K.), Armacell GmbH (Luxembourg), Foamcraft Inc. (U.S.), FoamPartner Group (Switzerland), Future Foam Inc. (U.S.), UFP Technologies Inc. (U.S.), and Rogers Corporation (U.S.), are some of the key players operational in the engineered foam market. These companies adopted various strategies such as expansions, joint ventures, and mergers & acquisitions to strengthen their foothold and increase their share in this market.

Key Strategy Adopted by Microcellular Polyurethane Foam Market Leading Players

The global microcellular polyurethane foam market is expected to reach USD 6.95 billion by 2021 at a CAGR of 5.5% between 2016 and 2021.

Some of the major players involved in the manufacturing of microcellular polyurethane foam are BASF SE (Germany), The Dow Chemical Company (U.S.), Huntsman Corporation (U.S.), Evonik Industries (Germany), Era Polymers (Australia), and others.

Ask for sample report @https://www.marketsandmarkets.com/requestsampleNew.asp?id=232217217

On the basis of type, the market is segmented into high density foam and low density foam.  Flexible foams and rigid foams, which are commercially used in a wide range of applications, are available in both the forms, that is, in high density as well as low density. Generally, foams of microcellular nature are usually of high density.

Foam densities often range from approximately two pounds per cubic foot to 50 pounds per cubic foot. Unlike thermoplastic foams (PVC, SAN), the unit cost of polyurethane foam increases in a more linear fashion with density. For instance, a 20 pound per cubic foot polyurethane foam will be approximately twice the cost of a 10 pound foam.

On the basis of application, the market is classified into automotive, building & construction, electronics, medical, aerospace, and others. Among the various applications of microcellular polyurethane foam, the automotive segment accounted for the largest share in 2015. The durability and light weight properties, combined with their strength, make microcellular polyurethane foams ideal not only for cushioning purposes, but also within the bodies of cars, where their insulation properties provide protection against heat and noise of the engine. This in turn is driving the market of microcellular polyurethane foam. The others application segment includes gaskets & sealants, shoe soles, cushions, pillows, mattresses, sports, and so on. The growing demand of these products by the end use consumers has boosted the growth of this segment.

Speak with our Analyst @https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=232217217

Asia-Pacific dominated the global microcellular polyurethane foam market in 2015 and accounted for a largest share, followed by Europe and North America. The market in this region is experiencing increased microcellular polyurethane foam consumption in automotive and building & construction industries. In terms of value, the microcellular polyurethane foam market in China is expected to witness a highest growth during the forecast period.

Foam Insulation Market worth 22.39 Billion USD by 2021

The report “Foam Insulation Market by Product Type (Polystyrene, Polyurethane & Polyisocyanurate, Polyolefin, Elastomeric, and Phenolic), End-use Industry (Building & Construction, Transportation, and Consumer Appliances), and Region – Global Forecast to 2021″, The foam insulation market size was USD 17.58 Billion in 2016 and is projected to reach USD 22.39 Billion by 2021, at a CAGR of 4.95% from 2016 to 2021. The increasing demand for foam insulation from end-use industries, such as building & construction, transportation, and consumer appliances, is driving the foam insulation market.

Browse 106 market data tables and 42 figures spread through 136 pages and in-depth TOC on “Foam Insulation Market”
Early buyers will receive 10% customization on reports.

Building & construction is the largest end-use industry for foam insulation

By end-use industry, the building & construction segment is estimated to account for the largest share of the global foam insulation market in 2016, in terms of both value and volume. This end-use industry is projected to drive the foam insulation market from 2016 to 2021 due to the rising concern related to greenhouse gas emissions and the growing demand for net-zero energy buildings in countries like Germany, U.K., France, and U.S. The various building codes for new residential and commercial construction in countries such as U.S., U.K., Germany, China, Japan, and South Korea are also expected to drive the demand for foam insulation.

Request for free sample report @ 
https://www.marketsandmarkets.com/requestsampleNew.asp?id=166726706

Polystyrene segment accounted for the largest share of the foam insulation market in 2016

By product type, the polystyrene foam segment led the global foam insulation market in 2016. This is due to the rising demand for lightweight and high R-value insulation products for applications, such as exterior insulation; concrete insulation; and roof, floor, and walls & ceiling insulation, in the building & construction industry. The demand for polystyrene foam is also fueled by its rising usage in various consumer appliances, such as refrigerators and air-conditioners.

Download PDF: 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=166726706

Asia-Pacific is the biggest market for foam insulation

The Asia-Pacific region is estimated to account for the largest share of the global foam insulation market in 2016, in terms of value. Growing population and rapid industrialization in China, India, Indonesia, and Japan, accompanied by the rising demand for consumer appliances, contribute to the growth of the foam insulation market in this region. Stringent governmental regulations regarding the reduction of greenhouse gas emissions, also help drive the demand for foam insulation in this region.

The key market players include BASF SE (Germany), Covestro AG (Germany), Huntsman International LLC (U.S.), Kingspan Group PLC (Republic of Ireland), Lapolla Industries, Inc. (U.S.), Owens Corning (U.S.), Recticel Group (Belgium), Saint-Gobain (France), the Dow Chemical Company (U.S.), Armacell International S.A. (Luxembourg), and Johns Manville (U.S.).

Don’t miss out on business opportunities in Foam Insulation Market. Speak to our analyst and gain crucial industry insights that will help your business grow.