Global Polymer Foam Market Report to 2018

Research andMarkets has announced the addition of the “Polymer Foam Market by Types,
Applications & Geography – Global Trends & Forecasts to 2018” report to
their offering.

The global polymer foams market’s revenue was estimated to be worth
$82.6 billion in 2012, which is expected to reach $131.1 billion by
2018, growing at a CAGR of 7.7 percent  from 2013 to 2018.

Polymer foams are used in various consumer products that provide
durability, comfort, support, and safety. These polymer foams are
lightweight and less costly compared to other substitutes such as
metallic foams or fiberglass. Their growing demand reflects their
versatile nature against other competitive materials. Polymer foams are
generally foamed plastics of polymer resins. Flexible polyurethane foam
is one of the most versatile materials as it is used in furniture,
bedding, carpet cushion, automotive, and packaging applications.

The global polymer foams market is driven by its diverse range of
applications. There is huge demand from the automotive sector which
finds its usefulness in a myriad of applications such as gaskets,
headliners, cushioning and cables. Environmental regulations from
different industry sectors such as plastic, automotive, building and
construction, furniture and bedding, packaging and other sectors
facilitates the growth of foams. The growing polyolefin foams demand
from the automotive and packaging markets is notable in key countries
at global levels. New technology and innovations emerge commercially
and would be very effective for the growth of foams in future. The APAC
region foam market demands for higher consumption due to its larger
population needs and their growing activities across constructions and
other industries.

The APAC region dominated the global polymer foams market, bestowing
36.5 percent of the total revenue in 2012. China and US shared 40.0% of the
total polymer foam consumption in 2012. The Brazilian polymer foam is
one of the fastest amongst major consuming countries

Key market players concentrate on launching new products proving to be
the predominant strategic initiative. Following this dominant strategy
helped expand their geographical reach for success and increased
production capacities. The market witnessed agreements and
collaborations, mergers and acquisitions that target developing
economies.

The polymer foam market focuses on high research activities to improve
the adaptability of the foams to use them in a variety of end-use
applications. Environmental regulations, unsuitable in a specific
environment, side-effects on usage, such as corrosion of metal surfaces
and high prices are some of the major challenges faced by the market.
The report analyzes the market on the basis of product types,
penetration of each type of polymer foam in each major region and every
end-user market. It also covers the market behavior of leading
producers, key developments, and strategies implemented to sustain and
succeed in the market.