Foam Plastics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

1. Foam Plastics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 Foam Plastics Market: Introduction Foam plastics, also called cellular polymers, or expanded plastics, can be made from almost any type of polymer. Foam plastic is a synthetic resin converted into a sponge-like mass with a closed-cell or open-cell structure, either of which may be flexible or rigid. Foams with a closed-cell structure are produced by incorporating a blowing agent that decomposes at the fusion point of the plastic, releasing gas bubbles that are trapped during the gelling. Foams with an open-cell structure are produced by incorporating an inert gas into the resin under pressure and subsequently, releasing the mixture to the atmosphere and curing the resulting foam. Almost any thermosetting or thermoplastic resin can be converted into a foam under appropriate conditions. A majority of all produced foam plastics are based on polyurethane (PU), polystyrene (PS), polyolefin, phenolic, polyvinylchloride (PVC), polyethylene (PE) and a number of elastomers such as ABS, natural rubber, and silicone. The type of polymer determines whether the resulting foam would be hard and rigid or soft and flexible.   Polyurethane foams are the largest class of foam plastics, accounting for a significant share of the total usage of plastic foam, globally. The properties of urethane foam can be tailored over a wide range, for a large number of applications. Polyurethane foam plastic is the dominant resin used for insulation in the building & construction industry. It has a low heat conduction coefficient, low density, low water absorption, and relatively good mechanical strength and insulating properties, which are helpful in the building & construction sector.  Foam plastics are the new emerging type of plastics possessing properties of heat preservation, lightweight, sound absorption, and quakeproof. This type of material can be used in cold storage and wall insulation, and to make the sandwich board.  Key Drivers and Restraints of Global Foam Plastics Market Foam plastics are extensively utilized for various applications in the building & construction sector including forging, doors, roof board, and slabs. Furthermore, a rise in new infrastructure development and huge investments in new housing projects, and renovation of non-residential buildings in developed and developing economies, such as China, India, and ASEAN countries, are expected to drive the global foam plastics market during the forecast period.  Foam plastics offers some outstanding benefits such as it is a low-cost material that provides low heat conduction coefficient, low density, low water absorption, relatively good mechanical strength, and good insulating properties. Therefore, this material has high demand from building & construction and automotive sectors. These factors are anticipated to drive the global foam plastics market in the near future.  Foam Plastics: Type Segment

2. Base on type, the global foam plastics market can be segmented into, polyurethane, polystyrene, polyolefin, phenolic, and others (melamine, PVC, silicone, rubber, and polyvinylidene fluoride (PVDF).  The polyurethane resin segment is estimated to hold a significant share of the global market during the forecast period, owing to the benefits offered by polyurethane such as low heat conduction coefficient, low density, low water absorption, relatively good mechanical strength, and good insulating properties.  Request PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=78 087 Asia Pacific to be Key Region of Global Foam Plastics Market In terms of region, the global foam plastics market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific and North America are expected to be key regions of the global foam plastics materials by 2027.  Asia Pacific has been witnessing a high rate of urbanization, growth in infrastructure, and increase in population. Demand for foam plastics materials has been high in developing countries of Asia Pacific, including India and China, due to a rise in the number of construction and infrastructure development projects undertaken by governments, increase in urbanization, and improvement in the standard of living of the people in the region. The U.S. dominated the market in North America owing to a rapidly growing rate of residential construction. According to the U.S. Census Bureau, in 2018, residential construction increased by about 2.5 % from the previous year. This factor is expected to boost the foam plastics market in the region.  Request impact analysis on this market: https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep _id=78087 Key Manufacturers Operating in Global Foam Plastics Market The global foam plastics market was highly fragmented in 2019. Major players have a prominent presence in developing countries. Key manufacturers operating in the global foam plastics market include: BASF SE  Covestro  Huntsman International LLC  Dow  Wanhua Chemical Group Co., Ltd.  Hexion Inc. 

3. MCNS  Sabic  Shell International B.V.  Total S.A.  Alchemie Ltd.  Cangzhou Dahua Group Co. Ltd.  China Petrochemical Corporation (Sinopec Group)  Kumho Mitsui Chemicals Corp.  Kuwait Polyurethane Industries W.L.L.  Request Report Methodology: https://www.transparencymarketresearch.com/foam-plastics- market.html#enquiry