Polyethylene (PE) Foams Market worth 3.64 Billion USD by 2021
The report "Polyethylene (PE) Foams Market by Type (Non-XLPE and XLPE), End-Use Application (Protective Packaging, Automotive, Building & Construction, Footwear, Sports & Recreational, and Medical), and Region - Global Forecast to 2021", The polyethylene foams market is projected to grow from USD 2.74 Billion in 2016 to USD 3.64 Billion by 2021, at a CAGR of 5.8% from 2016 to 2021. Growth in this market is mainly driven by the rising demand for PE foams in the medical, building & construction, automotive, and protective packaging end-use applications, especially from the AsiaPacific region. Browse 120 Market Data Tables and 10 Figures spread through 165 Pages and in-depth TOC on "Polyethylene (PE) Foams Market"
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=129894004 Protective packaging is one of the most significant end-use applications of PE foams. This segment accounted for the largest share of the polyethylene foams market in 2015. However, increasing demand for PE foams from the building & construction and medical end-use applications is anticipated to surpass the protective packaging end-use application during the forecast period. In addition, rise in the number of residential and commercial buildings, and growing population in various countries such as China and India are factors driving the growth of the polyethylene foams market in the building & construction end-use application segment. PE foams are widely utilized in the in medical device packaging, orthopedic soft goods, and medical components. This, in turn, has contributed to the growth of the polyethylene foams market in the medical end-use application segment. Non-XLPE foam is the dominant type segment of the polyethylene foams market Non-XLPE foam is slightly abrasive, relatively expensive, requires more fabrication, and is resistant to tearing, cracking, and crumbling. It is moisture resistant, and is virtually unaffected by most industrial chemicals. Non-XLPE foam is widely used in packaging and building & construction end-use applications, which, in turn, has contributed to the dominance of the non-XLPE segment in the polyethylene foams market in terms of volume. Polyethylene foams market in the Asia-Pacific region is projected to grow at the highest CAGR The Asia-Pacific region accounted for the largest share of the polyethylene foams market, in terms of volume and value, in 2015. The market in this region is projected to grow at the highest CAGR during the forecast period. This growth is mainly attributed to the easy availability of raw materials and increasing foreign investments. In addition, countries such as China, India, Indonesia, and Thailand have witnessed increased demand for polyethylene foams from protective packaging, building & construction, and automotive end-use applications.
Key players profiled in the polyethylene foams market report include Armacell (Germany), JSP (Japan), Zotefoams Plc. (U.K.), The Dow Chemical Company (U.S.), Sealed Air Corporation (U.S.), INOAC Corporation (Japan), Thermotec (Australia), Wisconsin Foam Products (U.S.), Trecolan GmbH (Germany), and PAR Group (U.K.). New product launches was the key strategy adopted by the market players to achieve growth in the polyethylene foams market. This strategy accounted for the largest share of all the development strategies adopted by the market players to expand their global presence and increase their market shares in the polyethylene foams market between 2009 and 2016. The current demand in end-use applications such as, building & construction, automotive, and protective packaging is driving the polyethylene foams market. The demand from end-use industries encouraged companies to adopt various growth strategies in the polyethylene foams market. About MarketsandMarkets MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 sales@marketsandmarkets.com