The Global Structural Foam Market is expected to reach USD 42.2 billion by 2025, according to a new report by Grand View Research, Inc. The Global Structural Foam Market is expected to witness growth at 5.8%CAGR owing to Increasing infrastructure spending, particularly on residential & commercial buildings, has been a key factor driving the market growth. Moreover, the rising demand from material handling, automobile, and electrical & electronics, is also likely to contribute to the product demand over the forecast period.
Increasing construction spending, particularly in emerging markets of Brazil, China, India, Mexico, Russia, and South Africa is expected to drive injection molded structural foam demand in these regions. Besides, positive outlook of the global automotive and packaging industries coupled with versatile properties of structural foams including better heat and pressure resistance increases their application scope in various industries.
However, volatility in prices of essential raw materials along with the growing environmental issues concerning their disposal is anticipated to hamper the market growth during the forecast period. On account of these concerns, many of the industry participants are aiming to develop bio-based foams using the injection molding technique.
To Know More About Structural Foam Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/structural-foam-market
Key market players are the companies involved in the production and distribution of the products and have established themselves as key market participants and have high integration throughout the value chain.
Top Players of Structural Foam Market:
Key market participants include Armacell International S.A., BASF, Diab International AB, The Dow Chemical Company, SABIC, One Plastic Group, Covestro AG, Evonik Industries and others.
Market Segmentation of Structural Foam Market:
The Global Structural Foam Market segmented on the basis of Product, Application, and Region.
By Product:
Polyethylene
Polypropylene
Polystyrene
Polyurethane
By Application:
Material Handling
Building & Construction
Automotive
Electrical & Electronics
By Region:
North America
US
Europe
Germany
UK
France
Asia Pacific
China
India
Japan
Central & South America
Middle East & Africa
Inquire about Structural Foam Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4582
Comments
Post a Comment