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The Asia Pacific region is expected to hold a significant share in the overall market growth of polyethylene foam. This can be associated with the rising constructional activities in countries like India and China as a result of robust urbanisation and industrialisation. Polyethylene foams are utilised in pipe-in-pipes, rooftop sheets, and entryways. In addition to this, the inflating disposable incomes and the rising standards of living is propelling construction and re-construction activities hence invigorating the demand for polyethylene foams for high durability, resistivity to moisture, and thermal insulation, among others. Furthermore, owing to the flourishing e-commerce industry in the region, the increasing demand for polyethylene foams in logistics, packaging, and transportation is generating robust opportunities for the growth of the market.
Braskem and Innovak, together with the Flex mattress manufacturer in Brazil, recently carried out a study assessing the Zeeflex technology produced by Innovak based on expanded polyethylene foam in October 2021. The study showed that mattresses produced with polyethylene foam technology generate 12% less environmental impact than ordinary mattresses. The study also showed that there is a 36% reduction in water usage, along with a 19% reduction in carbon emissions. Such studies and developments by leading market players are contributing to the market growth of the polyethylene foams. The market is further witnessing growth with the expansion of key market players, such as Zotefoams Plc (LON: ZTF).
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The major players in the global polyethylene foam market are Wisconsin Foam Products, Armacell International S.A., Hira Industries LLC, Zotefoams Plc, and Pregis LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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