Industrial Foam Market : Growing at a CAGR of 5.2% by 2022-2028 : Will Hit 80.85 Billion by 2028

Post COVID Impact On Industrial Foam Market by 2028 Major Market Players Are Zotefoams Plc., BASF SE,Covestro AG, Rogers Corporation, Recticel NV/SA

Pune, Maharashtra — (SBWIRE) — 07/18/2022 — A solid or liquid called foam is created by confining vapor. The stem of a wineglass and bath sponges are a couple of such examples. Typically, a sizable volume of gas is contained in foams, separated by thin physical or chemical layers. It aids manufacturers in finding solutions for longevity, greater gas mileage, and weight reduction. Industry foam is a polymeric substance that insulates and shields items from heat, humidity, friction, oxidation, friction, and friction. Numerous industries use foam, including mining, automobiles, shoes, aviation, furniture, entertainment, and beds.
As per the recent market research report published by the SNS Insider, the industrial foam market is anticipated to cross USD 80.85 billion by 2028, with a CAGR of 5.2% during the forecast period of 2022–2028.

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Drivers, Restraints, Opportunities, and Challenges
Industrial foam is primarily used in the building and construction, aerospace, marine, and pipe shielding industries. In the building and construction industry, industrial foam is used for welding, pipe-in-pipe, entrances, ceiling boards, and pavements. In commercial and residential buildings, industrial foam is widely utilized for internal wall or roof structures. Foam manufacturers constantly strive for sustainable development in their marketing strategies due to rising concerns about the usage of fossil fuels and the impact of plastics on the environment. The results of the foam sector have been significantly impacted by the variation in oil prices in recent years.

The pricing structure of foam products is influenced by the cost and availability of raw materials thereby impacting the industrial foam market. Due to an expanded worldwide supply, conflict, and outside military intervention in the Middle East, as well as the ongoing COVID-19 pandemic, the price of oil has been extremely volatile. The global industrial foam market is witnessing an increasing presence of international players from different regions of the world.

Impact of the Russia-Ukraine Conflict
Supply networks are once again being put to the test as a result of the strange events in Ukraine. With businesses scrambling to minimize the impact on their operations and maintain the flow of goods, money, and information along the supply chain, supply chain disruptions can no longer be viewed as isolated incidents. The war in Ukraine has highlighted the need for more resilient supply networks for the majority of companies.

Market Segmentation
By Foam Type
1.Flexible
2.Rigid

By End-use Industry
1.Building & Construction
2.HVAC
3.Industrial pipe insulation
4.Marine
5.Aerospace
6.Industrial cold storage
7.Others

By Type
1.Polyurethane
2.Polystyrene
3.Polyolefin
4.Phenolic
5.PET
6.Others

The global industrial foam market is predicted to expand at the greatest CAGR, according to foam type, for PET foam. The industry with the highest anticipated CAGR in the upcoming years is PET foam. This is because the demand for PET foam has increased significantly in emerging countries as a result of the growth of the wind energy sector.
The aerospace sector is anticipated to have the second-largest end-use market share for industrial foam and to exhibit the quickest type of segment growth. The increase is the result of aircraft manufacturers using a greater proportion of PMI, silicones, and metal foams in newer models of aircraft.

Regional Analysis
One of the key drivers driving the Asia Pacific region’s greatest share and CAGR is the region’s expanding demand for industrial foam from the region’s quickly expanding industrial sector. The Asia-Pacific industrial foam market is propelled by the low cost of labor, rising foreign investment, and easy access to raw materials. Industrial foams’ end-use sectors, including HVAC, building & construction, and aerospace, are expanding in developing nations, which is a key factor in the market’s growth.

Competitive Landscape Outlook
Some of the leading companies involved in the industrial foam market are The Woodbridge Group, BASF SE, Sealed Air Corporation, Wanhua Chemical Group Co., Ltd, Zotefoams Plc., Ube Industries, Ltd, Covestro AG, The Dow Chemical Company, and Rogers Corporation.

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Table Of Content
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
 
5. Value Chain Analysis
 
6. Porter’s 5 Forces Model
 
7. PEST Analysis
 
8.Industrial Foam Market Segment, By Foam Type
8.1 Flexible
8.2 Rigid
 
9.Industrial Foam Market Segment, By End-Use Industry
9.1 Building & Construction
9.2 HVAC
9.3 Industrial Pipe Insulation
9.4 Marine
9.5 Aerospace
9.6 Industrial Cold Storage
9.7 Others
 
10.Industrial Foam Market Segment, By  Type
10.1 Polyurethane
10.2 Polystyrene
10.3 Polyolefin
10.4 Phenolic
10.5 PET
10.6 Others
 
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 Wanhua Chemical Group Co., Ltd.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS View
12.2  Zotefoams Plc.
12.3 BASF SE
12.4 Covestro AG
12.5 Rogers Corporation
12.6 Recticel NV/SA
12.7 Sealed Air Corporation
12.8 Bayer Material Science
12.9 The Woodbridge Group
12.10 Ube Industries, Ltd
12.11 The Dow Chemical Company
12.12 Huntsman International LLC
 
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
 
14. Conclusion

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