According to the study, ‘Asia
Engineered Foam Material Industry Situation And Prospects Research Report’ some of the major companies which are
currently performing in this sector of market such as The DOW Chemical Company, Form Partner Group,
Inoac Corporation, UFP Technologies, Inc , Huntsman Corporation, Trelleborg AB,
Rogers Corporation, BASF SE, Bayer AG. However, Armacell is a leading provider
of engineered foams, operates in Asia and Middle East, and others. It offers a
broad list which includes polystyrene foam, polyethylene foam and polyurethane
foam. On the other hand, the report also describe the information about the key
applications across the major leading industry players with their capacity,
cost, revenue, product picture, gross margin, company profile and others.
Downstream customers, equipment and upstream raw material analysis are also
carried out.
Polymer foams are also known as engineered foams
which are shaped up of solid and gas phase amalgam together to yield foam.
Engineered foam is very lightweight plastic that is gravely important in a wide
range of end-use application. It is used in the shock absorption and bearing of
waterproofing gaskets. Engineered foam is also used to
unite the part that need buffer impact, lightness such as wrestling mats,
helmet paddings, flotation devices and others. The market of engineered foam is
categorized based on the end-use applications as medical & healthcare,
manufacturing & construction, transportation, aerospace & defense and
others. Moreover, the engineered foam market segment is based on the foam type
such as flexible foam, rigid foam, and spray form. With these foams, the
flexible foam is the leading form type segment in the global market.
Additionally, development growth in the automotive industries, construction and
the sports & leisure is anticipated to enhance the market growth.
Engineered foam is used in various applications such
as packaging, wind energy, insulation materials, cushioning of furniture and
others. Not only has this, the market of engineered foam can be segmented based
on the type of polymer used into Polystyrene (PS), Polyurethane (PUR), and
Polypropylene (PP). All three having different type of usage. The market of
engineered foam can also be discriminate based on properties of the foam such
as rigid and flexible foam. The engineered foam market gives geographic growth
by regional product types and end-user application. As the demand is increasing
with use of engineered foam the status of market is growing geographically.
The engineered foam market is spread across China,
Japan, India, Korea, Saudi Arabia and other regions. However, unsurprisingly
Asia-Pacific market witnessed a higher growth in the forecast period due to
growth in manufacturing, rising demand from emerging economies and technological
activities in these region. Moreover the Middle East and Africa is also
anticipated to show considerable growth in the near future. Therefore the
engineered foam market is highly competitive with the presence of both regional
and global. Rise in demand for lightweight shapes in the construction industry
is anticipated to boost the market for engineered foam in the region. In
future, it is projected that the advancing research and development of engineered
foam in the market will witness a significant growth due to increase in the
demand.
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Ankur Gupta, Head Marketing & Communications
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