Analysis of Extruded Polyolefin Foam market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Extruded polyolefin foam is a sealed-cell bead foam that owns distinctive properties, such as thermal insulation, multiple impact resistance, water & chemical resistance, recyclability, and high strength. As the name suggests, extruded polyolefin foam is manufactured by an extruding process, which follows continuous mixtures, such as blowing agents and polyolefin resins.
The selected mixtures are checked for high melting strength, elasticity, and nucleating agents. Unique properties of extruded polyolefin cater to high-end applications in manufacturing sectors. However, with increasing demand for lightweight foaming products, the global market for extruded polyolefin foam market has lucrative opportunities in the coming years.
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The global polyolefin foam market is primarily driven by the automotive sector during the forecast period. The major application for extruded polyolefin foam in the automotive industry lies within the demand for lightweight parts such as bumpers and door liners. Rapidly increasing production of lightweight automotive parts due to improving vehicle efficiency is anticipated to create substantial demand for extruded polyolefin foam in the automotive industry.
Secondly, in the building & construction sector, the extruded polyolefin foams are utilized in interior designing and housing works. Furthermore, the demand for extruded polyolefin foam in the automotive industry is expected to be a prominent driver for the global extruded polyolefin foam market.
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The global extruded polyolefin foam market can be divided into North America, Latin America, Europe, East Asia, South Asia, and Middle East & Africa. In terms of volume and value, East Asia is expected to dominate the global extruded polyolefin foam market during the forecast period trailed by South Asia. In the present market scenario, Asia Pacific is a prominent automotive hub as it inhabits several heavily populated countries, where there is a continuous demand for building & construction activities.
Increasing automotive demand, coupled with an upsurge in building & construction activities, is a major driver that is anticipated to propel the demand for extruded polyolefin foam in the region during the forecast period. In the Asia Pacific, India and China were the two major countries that are estimated to dominate a majority of the global extruded polyolefin foam market in the Asia Pacific. After the Asia Pacific, Europe is expected to be a major region, followed by North America. The global extruded polyolefin foam market in other regions, such as Latin America and MEA (the Middle East & Africa), is expected to inflate at a significant pace during the forecast period.
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Prominent players in the global extruded polyolefin foam market are Borealis AG, Intec Foams, Ultralon Foam Group, Sekisui Chemical Co., Ltd., Trocellen GmbH, NMC International SA, Huzhou Changyuan tefa technology Co. Ltd., Hira Industries LLC, Sekisui Alveo Ag, and Quanzhou Mor Rubber&Plastic Co., Limited., among other players. The global players are expected to strengthen their market positions by offering loyalty schemes and competitive prices. Several small-sized players also have a presence in the extruded polyolefin foam market globally.
The global market for extruded polyolefin foam is fragmented in nature owing to the presence of a handful number of players in the market. The global extruded polyolefin foam market has lucrative opportunities for new entrants, which will cater to competitiveness in product offerings and also lead to the reduction in prices of the products.
The research report presents a comprehensive assessment of the extruded polyolefin foam market and contains thoughtful insights, facts, and historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The extruded polyolefin foam market report provides analysis and information, according to market segments such as geographies, application and industry.
The extruded polyolefin foam report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The extruded polyolefin foam report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The extruded polyolefin foam report also maps the qualitative impact of various market factors on market segments and geographies.
The global extruded polyolefin foam market can ben segmented by type, end-use application and regions
On the basis of type, the global extruded polyolefin foam market is segmented by
Among type segment, polypropylene extruded foams are being highly utilized in major end-use industries, such as insulation, automotive and packaging industries. In packaging industry, polypropylene extruded foams are going for delicate food packaging and protective packaging. This is one of the prominent factors propelling the demand for extruded polyolefin foam during the forecast period
On the basis of end-use application, the global extruded polyolefin foam market is segmented by
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