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The global polyethylene foam market attained a value of about USD 4.09 billion in 2023. The market is further expected to grow at a CAGR of 6.1% during the forecast period of 2024-2032 to reach nearly USD 6.94 billion by 2032.
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The global market for polyethylene foam is being driven by its increasing utility in the building and construction industry. XLPE foams have excellent thermal insulation, moisture resistance, and sound absorption properties, making it suitable for house and commercial construction projects.
Owing to the increasing disposable incomes of people and the resultant rising standards of living, spending on construction and renovation projects around the world is positively influencing the growth of the market. In addition to this, various developmental projects in emerging economies, such as the construction of malls, offices, and other commercial constructions, are augmenting the demand for polyethylene foams.
Moreover, trends surrounding the modernisation of architecture, government investments surrounding urbanisation and industrialisation are boosting the construction applications, further contributing towards the growth of the market. However, the negative impact of polyethylene foam on environment may hinder the market growth. Nonetheless, research programmes centred around the development of CO2-based polyols to reduce the dependency on petroleum reserves and aid in sustainability are expected to boost the market in the coming years.
Polyethylene foam is a closed-cell foam that provides high resistivity against water and is durable and lightweight. Formed from heating polymer compounds, polyethylene foams are used in various end use industries for its favourable properties.
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The market, based on type, can be segmented into:
On the basis of density, the market can be categorised into:
Based on end-user, the market can be divided into:
The EMR report looks into the regional markets of polyethylene foam like North America, Latin America, the Asia Pacific, Europe and the Middle East and Africa.
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The rising demand for packed products in the food and beverage industry is significantly driving the market growth of polyethylene foam. Properties such as lightweight material, heat insulation, resistance to shock and vibrations, and frost resistivity, among other favourable properties, make it suitable for packaging material, which is invigorating the growth of the market. Additionally, the trends surrounding the consumption of packaged food products as a result of busy lifestyles, on-the-go eating trends, and affordability are propelling the industry use of polyethylene foams, thereby adding to the market growth. Furthermore, as a result of the e-commerce boom, the rising use of polyethylene foams for packaging and transportation owing to their durability is supplementing the market growth and is expected to continuously drive the market growth over the forecast period as well.
In addition to this, XLPE foams are used in pharmaceutical packaging owing to its hypoallergenic, non-toxic, and latex-free properties. It is widely used in the medical industry to pack and protect surgical equipment from the outside environment. Thus, the robust use of polyethylene foams in the medical industry is boosting the growth of the market.
The report presents a detailed analysis of the following key players in the global polyethylene foam market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Density |
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Breakup by End-User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global polyethylene foam market attained a value of nearly USD 4.09 billion in 2023.
The market is projected to grow at a CAGR of 6.1% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 6.94 billion by 2032.
The major market drivers include the increasing deployment of polyethylene foams in building and construction projects and the surging trend surrounding the modernisation of architecture.
Rapid industrialisation and industrialisation, the development of CO2-based polyols to reduce dependency on petroleum reserves, and the growing demand for packaged food and beverage products are the key trends guiding the market growth.
The major regional markets for polyethylene foam are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The major types of polyethylene foam are XLPE foam and non-XLPE foam.
High-density polyethylene, low-density polyethylene, and linear low-density polyethylene are the several segments based on the density of polyethylene foam included in the market report.
The major end-users of polyethylene foam are automotive, building and construction, fast-moving consumer goods (FMCG), and pharmaceuticals, among others.
The major polyethylene foam market players include Wisconsin Foam Products, Armacell International S.A., Hira Industries LLC, Zotefoams Plc, and Pregis LLC, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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