Polyether foam type segment has led the market and held the largest market share of 5.2% in 2020. Polyether foam has beneficial properties include high recyclability, clean incineration for pollutant filtration, reduced wastage, and greater sustainability.
In a recent research report by Maximize Market Research, the Global Foam Market is expected to surpass US $ 129.40 Bn by the year 2027, from US $ XX Bn in 2020.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 4.8 %, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of foam in the region, the Value – Chain Analysis, and the PORTER’s analysis for the foam market at a global level.
The study is consolidated based on two major segments and further into sub-segments, by Type (Polyether Foam, Polyester Foam, Ethafoam, Volara, Closed-Cell Sponge Rubber, Open-Cell Sponge Rubber, Cellulose, Scrubber Foams), and by Application (Building & Construction, Packaging, Automotive, Furniture & Bedding, Footwear, Sports & Recreational) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2020 as the base year.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players- BASF SE, Covestro AG, Wanhua Chemical Group Co., Ltd., Bayer Material Science, Ube Industries, Ltd, Rogers Corporation, The Dow Chemical Company, Recticel NV/SA, Sealed Air Corporation, Huntsman International LLC, Zotefoams Plc., The Woodbridge Group, Sekisui Alveo AG, and Armacell International S.A.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Foam Market.”
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