Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Technical foams have wide application in packaging business for protection against vibrations and shock. It is also used in fabrication of reusable containers for transporting automotive parts. It is highly effective against handling fragile parts.
Shifting trends towards green building and advance construction projects will have positive impact on product demand. Technical foams reduce energy loss due in filtration systems which restrict infiltration of outdoor allergen, moisture and pollutants in the building. This also leads to healthier indoor quality management by vapour retardation which prevents moisture accumulation on wall and reduces development of molds. Rising importance of indoor air quality management owing to prevailing air borne disease will promote industry growth.
The report analyses the global Technical foam market based on form, material, end user and geography
Various type studied are segmented into rigid, flexible, spray. Spray technical foams are extensively used to provide acoustic and sound barrier in building construction. These foams are sprayed in roof underlays, wall cavities, basements, crawlspaces. Its key properties include air permeability, severe weather and flood resistance, and improved indoor air quality. It helps in reducing energy loss due to air in filtration, which lowers cooling and heating cost for home owners. Growing demand for smart and energy saving construction supported by increase in environment consciousness will drive industry growth.
The material segment is categorized in polyurethane, elastomeric, polyethylene, expanded foam. Polyurethane materials dominate the technical foam market owing to its functional benefits such as heat preservation, excellent cushioning and low weight. Increase in application scope in construction and automotive application owing to low density, low water absorption, good mechanical strength and insulating properties, thus promoting industry growth.
Furthermore, the major end users considered in the study are electrical & electronics, automotive & transportation, consumer products and medical. Transportation and automotive dominated technical foam market share owing to increasing preference of technical foams for fire insulation, acoustic and comfort. It is also used in aircraft seat cushions made from textile based covers, seat cushions meeting aeronautical requirements.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific accounted for major share in technical foam market owing to rapid expansion in automotive and construction industry. Growing investments in advance automobile manufacturing has led to incorporation of technical advance products to achieve optimum performance, thus promoting regional industry growth.
The key players in the technical foam market share are BASF SE, Sekisui chemical co., ltd., DOW INC., Huntsman Corporation, Trelleborg Ab, Armacell International S.A.,Recticel Nv/Sa, Inoac Corporation, Ufp Technologies, Inc. Fxi Holdings, Inc., Foampartner Group, LANXESS AG, Eurofoam Group, Wanhua Chemical Group Co., LTD., Sheela Foam Limited., Compagnie De Saint-Gobain S.A., The Woodbridge Group, General Plastics Manufacturing Company. Major players in the competitive landscape are engaged in strategic partnerships, acquisition and collaboration.
The report analyses the global Technical foam market based on form, material, end user and geography. Various type studied are segmented into rigid, flexible, spray. The material segment is categorized in polyurethane, elastomeric, polyethylene, expanded foam. Furthermore, the major end users considered in the study are electrical & electronics, automotive & transportation, consumer products, medical.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
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