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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Polyethylene Foam Market Outlook

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.            

Global Polyethylene Foam Market

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Rising Demand from Building and Construction Activities is Propelling the Market Growth of Polyethylene Foam

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: Market Segmentation

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.

Global Polyethylene Foam Market by Segment

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The market, based on type, can be segmented into:

  • XLPE Foam
  • Non-XLPE Foam

On the basis of density, the market can be categorised into:

  • High-Density Polyethylene
  • Low-Density Polyethylene
  • Linear Low-Density Polyethylene

Based on end-user, the market can be divided into:

  • Automotive
  • Building and Construction
  • Fast-Moving Consumer Goods (FMCG)
  • Pharmaceutical
  • Others

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.

Global Polyethylene Foam Market  by Region

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The Rising Demand for Polyethylene Foam for Packaging to Augment the Growth of the Market

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.

Key Industry Players in the Global Polyethylene Foam 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:

  • Wisconsin Foam Products
  • Armacell International S.A.
  • Hira Industries LLC
  • Zotefoams Plc
  • Pregis LLC
  • Others

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.

Key Highlights of the Report

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:

  • Type
  • Density
  • End-User
  • Region
Breakup by Type
  • XLPE Foam
  • Non-XLPE Foam
Breakup by Density
  • High-Density Polyethylene
  • Low-Density Polyethylene
  • Linear Low-Density Polyethylene
Breakup by End-User
  • Automotive
  • Building and Construction
  • Fast-Moving Consumer Goods (FMCG)
  • Pharmaceutical
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Wisconsin Foam Products
  • Armacell International S.A.
  • Hira Industries LLC
  • Zotefoams Plc
  • Pregis LLC
  • Others
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

Polyethylene Foam Market Report Snapshots

Polyethylene Foam Market Size

Polyethylene Foam Market Growth

Polyethylene Foam Companies

*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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Key Questions Answered in the Report

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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+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

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