Building & construction segment is projected to be the largest segment of the polymer foam market.
The building & construction industry is expected to lead the overall polymer foam market, in terms of value, between 2020 and 2025.Building & construction applications include forging, pipe-in-pipe, doors, roof board, and slabs.
The building & construction industry is expected to witness the highest growth rate during the next five years, driven by huge investments in new infrastructure development, new housing projects, and renovation of non-residential buildings in the US, China, India, and Brazil.
Polyurethane resin is the fastest-growing segment of the polymer foam market.
PU foam is available in a wide range of rigidity, hardness, and density levels.Low-density flexible foams are used in upholstery, bedding, automotive and truck seating, and novel inorganic plant substrates for roof or wall gardens.
Low-density rigid foams are used in thermal insulation and RTM cores.PU foams are mainly used in furniture & bedding and building & construction sectors.
It is produced by many leading manufacturers.BASF provides foams under brands such as Elastospray, Enertite, Spraytite, Walltite, Elastopan, AutoFoam, and Elastopor.
Similarly, Recticel produces PU foam under brands – Hydroseal, Colo-Sense, and dBRSeal.
APAC is the largest polymer foam market during the forecast period.
APAC is projected to be the largest, as well as the fastest-growing market during the forecast period.The region encompasses countries with different levels of economic development.
The market growth in the region is mainly attributed to its high economic growth rate and heavy investments across industries, such as building & construction, packaging, furniture & bedding, automotive, footwear, and sports & recreational.The key polymer foam market players are expanding their production capacities in APAC, especially in China and India.
The advantages of shifting production to APAC are the low cost of production and the ability to serve the local emerging market better.
Extensive primary interviews have been conducted, and information has…