Structural Foam Market Overview Price and Profit Forecast To 2025
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<strong>Structural</strong> <strong>Foam</strong> <strong>Market</strong> <strong>Overview</strong> | <strong>Price</strong> <strong>and</strong> <strong>Profit</strong> | <strong>Forecast</strong> <strong>To</strong><br />
<strong>2025</strong><br />
“Global <strong>Structural</strong> <strong>Foam</strong> <strong>Market</strong> report includes in-depth analysis of industry<br />
by recent technologies, trends, opportunities, challenges, key players <strong>and</strong><br />
business strategies considering types, segment <strong>and</strong> future outlook.”<br />
The global <strong>Structural</strong> <strong>Foam</strong> <strong>Market</strong> size is expected to value at USD 42.2 billion by <strong>2025</strong>. The<br />
market is subject to witness a substantial growth due to the rising infrastructure activities,<br />
growing residential & commercial construction industry <strong>and</strong> substantial growth of retail sector.<br />
Additionally, the growing need for structural foam in material h<strong>and</strong>ling, automotive, <strong>and</strong><br />
electrical & electronics industry from BRICS (Brazil, Russia, India, China <strong>and</strong> South Africa)<br />
countries are expected to drive the growth of the market over the forecast period.<br />
Globally, the structural foam market is predicted to grow at CAGR of 5.8% in forecast period,<br />
providing numerous opportunities for market players to invest in research <strong>and</strong> development in<br />
the market. <strong>Structural</strong> foams offer advantages such as lightweight <strong>and</strong> superior weight to<br />
strength ratio, mainly in comparison with the solid plastics. Such factors are largely influencing<br />
dem<strong>and</strong> of the structural foams. Other advantages of structural foams include stability,<br />
conductivity, heat resistance, <strong>and</strong> toughness, which are vital in applications such as wind<br />
turbines, automobile equipment, <strong>and</strong> insulation purposes. Increasing adoption of structural<br />
foams in material h<strong>and</strong>ling equipment that is commonly used for small distance travel for<br />
industrial goods within the production plant, thus exp<strong>and</strong>ing overall market reach of the<br />
structural foam industry over the forecast period.<br />
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Other applications of the structural foam include packaging services, shipbuilding, wind power,<br />
<strong>and</strong> consumer goods, such factors are playing critical role in the growth of structural foam<br />
market in the last couple of years. However, variation in the cost of the raw materials <strong>and</strong><br />
shifting preference towards biodegradable plastics as a reliable substitute replacing nonbiodegradable<br />
foam are expected to limit market growth over the forecast period. Yet, large<br />
corporations are increasingly setting up supply partnerships <strong>and</strong> implementing forward <strong>and</strong><br />
backward integration in the supply chain network, thus driving market growth in the last couple<br />
of years. Although, changing fuel prices, increasing dem<strong>and</strong> for premium quality products at<br />
cheap rates <strong>and</strong> growing competition in the market are further restraining market progress to a<br />
certain extent.<br />
Polyethylene is considered as one fastest growing segment in the structural foam industry with<br />
substantial revenue generation in the last couple of years. Growing popularity of the<br />
polyethylene foam market segment is credited to the factors such as lightweight, durability,<br />
heat resistance <strong>and</strong> a closed-cell material composition. Polyethylene is widely used in the<br />
packaging of delicate products <strong>and</strong> automobile parts, thus fostering market value in the recent<br />
years.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/structural-foam-market<br />
Rigid polyurethanes has also witnessed substantial growth in the last couple of years owing to<br />
increase in adoption as a structural material. Rigid polyurethanes has also displayed important<br />
properties such as toughness, lightweight, <strong>and</strong> resilience. Rigid polyurethanes also provide<br />
protection against chemical reactions <strong>and</strong> moisture effects thus making it an ideal choice for<br />
various application such as building & product insulation.<br />
Growing dem<strong>and</strong> for structural foams in the automobile sector are expected to fuel market<br />
growth over the forecast period. Additionally, introduction of lightweight composites <strong>and</strong> its<br />
advantages are expected to boost market dem<strong>and</strong> for structural foam in upcoming years as well.<br />
Recently, integration of the structural foam into various parts of a vehicle like body-side joints,<br />
chains, ledges, under body cross-vehicle frame, longitudinal frames or frame bars, machine<br />
cradles, body-side rails, door panels <strong>and</strong> hydro-formed reinforcements.<br />
The structural foam market is divided by region as North America, Europe, Asia-Pacific, Latin<br />
America <strong>and</strong> Africa. North America has shown major growth in recent years owing to the rise in
the adoption of latest technologies in construction & building industry <strong>and</strong> existence of wellestablished<br />
industrial infrastructure.<br />
Asia-Pacific region is predicted to hold major market share in the structural foam industry with<br />
massive growth in forecast period. Countries such as India, China <strong>and</strong> Indonesia are leading the<br />
Asia-Pacific’s market with high economic growth, ever-growing population, increasing st<strong>and</strong>ard<br />
of living, <strong>and</strong> significant investment by leading industry players considering potential growth<br />
opportunities in the region. The key players in the structural foam industry are Armacell<br />
International S.A., Diab International AB, Evonik Industries AG, Covestro AG, <strong>and</strong> Gurit Holding<br />
AG.<br />
<strong>Market</strong> Segment:<br />
<strong>Structural</strong> <strong>Foam</strong> Product Outlook (Volume, Kilo <strong>To</strong>ns; Revenue, USD Million, 2014 - <strong>2025</strong>)<br />
• Polyethylene<br />
• Polypropylene<br />
• Polystyrene<br />
• Polyurethane<br />
• Others<br />
<strong>Structural</strong> <strong>Foam</strong> Application Outlook (Volume, Kilo <strong>To</strong>ns; Revenue, USD Million, 2014 - <strong>2025</strong>)<br />
• Material H<strong>and</strong>ling<br />
• Building & Construction<br />
• Automotive<br />
• Electrical & Electronics<br />
• Others<br />
<strong>Structural</strong> <strong>Foam</strong> Regional Outlook (Volume, Kio <strong>To</strong>ns; Revenue, USD Million, 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Europe<br />
• Germany<br />
• UK<br />
• France<br />
• Asia Pacific<br />
• China<br />
• India
• Japan<br />
• Central & South America<br />
• Middle East & Africa<br />
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/chemicals-<strong>and</strong>-materials<br />
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