Polyethylene Foam Market Size to Grow by $ 2.19 bn through 2020-2024
Technavio research projects the polyethylene foam market to grow by $ 2.19 bn, accelerating at a CAGR of over 6% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Polyethylene Foam Market: Key Market Driver
One of the primary factors that will trigger the growth of the polyethylene foam market size is growing demand from emerging economies. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Polyethylene Foam Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Armacell International SA, Dafa AS, FoamPartner Switzerland AG, INOAC Corp., JSP Corp., Palziv Inc., Pregis LLC, Rogers Foam Corp., Sealed Air Corp., and Zotefoams Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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Technavio has been monitoring the global polyethylene foam market and it is expected to grow by USD 2.19 billion accelerating at a CAGR of over 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Polyethylene Foam Market: Segmentation by Type
The XLPE segment accounted for the major share of the Polyethylene Foam Market in recent years. The main application of XLPE foams is in the packaging of fragile goods owing to their outstanding vibration dampening and insulation properties. They also offer high resistance to moisture and chemicals. XLPE foams are widely used in padding and other sports-related components and leisure equipment. Additionally, the use of XLPE foams is increasing in the construction and building industry. The automotive sector is widely using XLPE foams in various applications such as energy management, vibration damping, carpet backings, filters, crash pads, headliners, head and armrests, instrument panels, seats, sound insulation, sun visors, and trims. Therefore, the global XLPE foam market is anticipated to grow effortlessly during the forecast period. However, market growth in the XLPE foam segment will be slower than the growth of the market in the non-XLPE segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the polyethylene foam market size.
Polyethylene Foam Market: Growth trends
One of the latest polyethylene foam market trends is the augmented investment in the R&D of PE foams. Vendors in the market are investing in R&D to develop advanced, bio-based, and recyclable PE foams with the aim to increase the manufacture of efficient eco-friendly PE foams. Additionally, market vendors are working on increasing the shock absorbency and elasticity of PE foams to provide improved protection to packed products for packaging and shipping.
This market research analysis identifies the strong demand for PE from the automotive industry as one of the primary growth factors for this market. PE foams are excessively used in the automotive industry in various applications such as thermal insulation, noise and vibration reduction, sealing against air, water, dust, and sound reflection.
Polyethylene Foam Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Armacell International SA, Dafa AS and FoamPartner Switzerland AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
