The new report by Expert Market Research titled, ‘Global Polyethylene Foam Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global polyethylene foam market, assessing the market based on its segments like types, densities, end-users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 3.42 Billion
- Forecast CAGR (2021-2026): 6.13%
- Forecast Market Size (2026): USD 4.86 Billion
The market is being driven by the rising construction activities in residential and commercial settings around the world. XLPE foams have excellent thermal insulation, moisture resistance, and sound absorption properties making it suitable for house and commercial construction projects. As a result of rapid urbanisation and industrialisation in major economies, there has been a rise in infrastructural projects such as malls and offices, among others which is furthering the market growth of polyethylene foam. In addition to this, the increasing disposable incomes of people and the resultant rising standards of living, spending on construction and renovation projects around the world is positively influencing the growth of the market.
Industry Definition and Segmentation
Polyethylene foam is a closed-cell foam which provides high resistivity against water and is durable and lightweight. Formed from heating polymer compounds, polyethylene foams are used in various end use industries for its favourable properties.
The market, based on type, can be segmented into:
- XLPE Foam
- Non-XLPE Foam
On the basis of density, the market can be categorised into:
- High-Density Polyethylene
- Low-Density Polyethylene
- Linear Low-Density Polyethylene
Based on end-user, the market can be divided into:
- Building and Construction
- Fast-Moving Consumer Goods (FMCG)
The regional markets for the product include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The global market for polyethylene foam is expected to be driven by the rising demand from the packaging industry. The increasing demand for packed items such as food and beverage owing to the rising health consciousness, busy lifestyles, and ready-to-eat trends are factors influencing the growth of the market. Polyethylene foam is used in the packaging industry due to lightweight material, heat insulation, resistance to shock and vibrations, and frost resistivity among other favourable properties. Furthermore, the rising demand for packaging material from the flourishing e-commerce industry to protect packed goods in transit is also invigorating the growth of polyethylene foam industry.
Latest News on Polyethylene Foam Market: https://www.expertmarketresearch.com/pressrelease/global-polyethylene-foam-market
Key Market Players
The major players in the market are Wisconsin Foam Products, Armacell International S.A., Hira Industries LLC, Zotefoams Plc, and Pregis LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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