The global engineered foam market is categorized based on end-use applications as transportation, aerospace & defense, manufacturing & construction, medical & healthcare, and others.
Sarasota, FL -- (SBWIRE) -- 01/05/2017 -- Global Engineered Foam Market: Overview
Engineered foam is lightweight plastic that is critically important in a wide range of end-use application. It includes wind energy, packaging, automotive, energy sector, construction and many others. It is used in the production of shock absorption and waterproofing gaskets. In sports and leisure applications, engineered foam is used to unite to the part that needs cushioning impact, lightness such as helmet paddings, flotation devices, and wrestling mats.
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Global Engineered Foam Market: Segmentation
The global engineered foam market is categorized based on end-use applications as transportation, aerospace & defense, manufacturing & construction, medical & healthcare, and others. However, the global market is further bifurcated on the basis of the material type as polyvinyl chloride, polyolefin, polyurethane, polystyrene, and others. Of these, polyurethane is the leading material segment in the global market. It is the most versatile construction materials largely used in the various applications by the end-users. It acts as strong rigid plastics and can be processed by using film blowing, extrusion, two-part liquid molding, injection molding, and solution dipping. Owing to such extraordinary properties, it is gradually replacing traditional plastic material and metals.
Furthermore, based on form types, the global engineered foam market is segmented as rigid foam, spray foam, and flexible foam. Of these, the flexible foam is the leading form type segment in the global market. However, spray foam segment is growing significantly in the near future. It is extensively used in the coating applications for repair in cushioning and existing insulations. The major advantage of the spray foam is that it is instantly ready to use and does not require additional molding cost as in the case of flexible and rigid foams. In addition, it used in insulation applications such as medium-density closed-cell spray foam insulation and light-density open-cell spray foam insulation.
Global Engineered Foam Market: Growth Factors
Short product life cycles and high evolution in end-use industries may drive the global engineered foam market in future. Additionally, growth in the development in the sports & leisure, automotive industries, and construction is anticipated to enhance the global market growth.
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Global Engineered Foam Market: Regional Analysis
Asia Pacific contributed for the largest market share in the global market due to growth in the airline industries and may fuel the global engineered foam market in future. Moreover, higher investment in the space research activities also propels the global market in Latin America. The Middle East & Africa is also anticipated to show considerable growth in the near future.
Global Engineered Foam Market: Competitive Players
Key players in the global engineered foam market are The DOW Chemical Company, Form partner Group, Inoac Corporation, UFP Technologies, Inc., Fxi-Foamex Innovations, Huntsman Corporation, Trelleborg AB, and Rogers Corporation. Other major players in the global market include The Woodbridge Group, Armacell GmbH, Vita (Lux Iii) S.A.R.L, Bayer AG, Sekisui Chemical Co., Ltd., Future Foam, Inc., BASF SE, Recticel NV/Sa, and Foamcraft, Inc.
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Global Engineered Foam Market: Regional Segment Analysis
The Middle East and Africa
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