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Polyolefin foams are composed of several materials that have been kneaded together. Typically it involves an organic blowing agent and a cross-linking agent. These come together to make the Polyolefin resin. It is created by thermally decomposing the foaming in a closed system. The major characteristic of these products is that they consist of nearly 100 percent closed-cell foam. They are lightweight and flexible, and offer excellent characteristics such as thermal insulation, impact resistance, thermal resistance, and flame resistance.
Compared to other materials, they are easier to cut, punch and press mold, and can also be processed in other ways. They also have a wide range of applications: automotive interior materials, medical, information technology related, construction underlayment materials, insulation and piping for air conditioning, materials for packaging or distribution, industrial insulation products, sports and leisure products, consumer goods, and medical care.
Polyolefin Foam Market Outlook
Diversified range of applications of these foams, advancements in technology and increasing demand for polymer are the factors driving the polyolefin foam market growth. Furthermore, unique properties of extruded polyolefin caters to high-end applications in manufacturing sectors is also the factor propelling the polyolefin foam market globally. Rise in technical advancement coupled with constant innovation in terms of research and development taking place in the industry is anticipated to boost the demand for polyolefin foam during the forecast period.
• The growing demand for light weight automotive is leading to an upsurge in the demand in the polypropylene foams segment. Moreover, increasing demand from end-use industries in the developed and emerging countries has triggered the growth of the polypropylene foams segment in global polyolefin market globally
• Rapidly increasing production of lightweight automotive parts owing to improving vehicle efficiency is anticipated to create substantial demand for polyolefin foam in the automotive industry. Furthermore, the demand for extruded polyolefin foam in the automotive industry is anticipated to be a prominent driver for the polyolefin foam market globally
Geographically, the global polyolefin foam market is diversified into North America, Europe, Asia-Pacific and rest of the world. The Asia Pacific is anticipated to grow at a fastest CAGR during the forecast period due to the upsurge in construction activities coupled with rise in automotive manufacturing activities in developing economies such as India and China. Furthermore, improvement in standard of living and increase in per capita income are likely to be the major drivers of the market during the projection period.
The key companies operating in the market are SEKISUI CHEMICAL CO.LTD, Palziv, SABIC, Armacell Enterprise GmbH & Co. KG, Johnson Controls (U.S.), Woodbridge Foam Corporation, Lear Corporation, Bridgestone Corporation, BASF, Recticel, Vitafoams, Armacell, The Dow Chemical Company, Rogers and Saint-Gobain. New product launches, mergers & acquisitions are the key strategies adopted by market players to ensure their growth in the market.
• January 2017: Saudi Petrochemicals Company Sabic is launched a new dedicated foam grade, Sabic LDPE based polyethylene foam, to broaden the application window for the tapes, seals and underlayment market. The advantages of the new grade are high viscosity, giving good head pressure for uniform and thicker foam thickness, relatively higher resin density for better mechanical strength, and good compression stress as well as resilience.
• September 2016: Toray Industries increased polyolefin foam production capacity with investment of USD 39 million at its Virginia Plant, U.S. With the expansion of the production capacity of Toray Plastics (America), Inc (TPA) by 3000 tons per year, the production capacity of TPA will increase substantially to a level of 7,500 tons per year.
The polyolefin foam market is segmented by type, application and geography. The types studied in the global polyolefin foam market are Ethyl Vinyl Acetate (EVA) Foam, Polypropylene (PP) Foam, Polyethylene (PE) Foam and others. Furthermore, various applications of polyolefin foam are Building and Construction, Automotive, IT Rerated, Medical and others.
Geographically, the global polyolefin foam market is diversified into North America, Europe, Asia-Pacific and rest of the world. The Asia Pacific is anticipated to grow at a fastest CAGR during the forecast period due to the upsurge in construction activities coupled with rise in automotive manufacturing activities in developing economies such as India and China. Furthermore, improvement in standard of living and increase in per capita income are likely to be the major drivers of the market during the projection period.
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