Structural Foam Market Overview:
The Structural Foam Market was valued at $21.40 million in 2021 & is projected to reach $54.52 million by 2027. It is expected to grow at a 12.4% CAGR between 2021 and 2027.
The Structural Foam Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The structural foam market report has been segmented on the basis of material, application, and region.
This Structural Foam Market report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Structural foam molding is a low-pressure injection molding process. To reduce the density and weight with high strength of the final product inert gas is introduced into the melted polymer.
The structure of the structural foam is like a sandwich, the low-density core is surrounded by higher density skin. Structural foam is 20% to 40% lighter than solid polymers.
On the basis of material, polyethylene segment is expected to hold a significant share in the global market. The growth of the segment is attributed to the growing material handling and automotive industries across the globe.
Properties of polyethylene structural foam such as high flexibility, impact resistance, and low cost are expected to support revenue growth of the segment over the forecast period.
On the basis of application, the building & construction segment is expected to hold a major share in the global target market and is expected to maintain dominance for the next ten years.
Growing spending on construction in emerging economies such as India, China, Brazil, and Indonesia is expected to support the revenue growth of the segment over the forecast period.
The North American market is estimated to hold a major revenue share in the global structural foam market and is expected to maintain its dominance over the forecast period.
The growth of the structural foam market in the region is attributed to the growing production of automobiles in the US and Canada.
Growing demand for structural foam in building & construction and wind turbines in the region owing to its lightweight and high strength is expected to support revenue growth of the North American structural foam market.
North America accounts for the largest revenue share contribution of the target market, followed by markets in Europe, Asia Pacific, Latin America, and the Middle East & Africa respectively.
Moreover, the presence of a large number of structural foam manufacturers in the region is expected to drive revenue growth of the structural foam market in the Asia Pacific.
Market segmentation and key players operating in the global structural foam market:
- Others (polycarbonate, polyvinyl chloride, acrylonitrile butadiene styrene, polyethersulfone, and polyphenylsulfone)
- Building & Construction
- Electrical & Electronics
- Material Handling
- Others (furniture, HVAC, marine, and medical)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- Evonik Industries AG
- Saudi Basic Industries Corporation
- PSI Molded Plastics
- Armacell International S.A.
- The Dow Chemical Company
- OnePlastics Group
- Covestro AG
- Gurit Holding AG
- Changzhou Tiansheng New Materials Co., Ltd.
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