The global structural foam market is anticipated to reach USD 42.20 billion by 2025, growing at a significant CAGR over the forecast period of 2019 to 2025. Despite of these qualities, structural foam is used in a broad array of end-user applications including material processing, building & manufacturing, vehicles, and electrical & electronics.
Adroit Market Research report on global structural foam market gives a holistic view of the market from 2015 to 2025, which includes factors such as market drivers, restraints, opportunities, challenges and regulatory scenario. The market has been studied for historic years from 2015 to 2017, with the base year of estimation as 2018 and forecast from 2019 to 2025. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market competition with Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global structural foam market have been studied in detail.
The high-end specific properties such as high strength-to-weight ratio, electrical & thermal insulating properties, construction stability, longevity, shock absorption qualities, and corrosion resistance has anticipated the demand in the structural foam market. Increasing expenditure on infrastructure, particularly on residential & commercial buildings, has been a key driver of market growth. Construction expenditure, especially in Brazil, China, India, Mexico, Russia, and South Africa's emerging markets, is expected to drive demand for structural foam in these regions. However, the optimistic outlook of the global automobile and packaging industries combined with flexible rigid foam properties providing improved heat and pressure tolerance expands their area of application in different industries.
The global structural foam market is categorized based on product, and application. Based on product, the market is categorized into polyethylene, polypropylene, polystyrene, polyurethane, and others. Based on application, the market is categorized into material handling, building & construction, automotive, electrical & electronics, and others. Region wise, North America was the largest market in 2018, and is anticipated to grow at a significant rate over the forecast period. Asia Pacific is expected to grow at a highest CAGR over the coming years.
Key players serving the global structural foam market include Armacell International S.A., Diab International AB, Evonik Industries, Covestro AG, Gurit Holding AG among others.
Key segments of the global structural foam market
Product Overview, 2015-2025 (USD Billion)
Application Overview, 2015-2025 (USD Billion)
- Material Handling
- Building & Construction
- Electrical & Electronics
Regional Overview, 2015-2025 (USD Billion)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa