About Engineered Foam
Engineered foams business develops light foams for use in a wide range of end markets. The engineered foams business addresses the needs of several markets and applications where weight and robustness are of critical importance. Such as within the energy sector, this product used in wind turbine equipment and applications related to production or transformation of energy.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Global Engineered Foam Market Is Highly Competitive And Consists Of Some Key Players. In Terms Of Market Share, Few Of The Key Players Presently Dominate The Global Market. Key Vendors With A Prominent Share In The Global Market Are Concentrating On Escalating Their Client Base The World. These Market Players Are Leveraging On Strategic Collaborative Creativities To Intensification Their Market Share And Escalation Their Profitability. Key Vendors Operating In The Global Market Are Also Acquiring Start-Ups. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Engineered Foam market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The DoW Chemical Company (United States), BASF SE (Germany), Sekisui Chemical Ltd. (Japan), Huntsman Corporation (United States), Trelleborg AB (Sweden), Inoac Corporation (Japan), Recticel NV/SA (Belgium), Vita (Lux III) S.a.r.l. (United Kingdom), Armacell GmbH (Luxembourg) and Foamcraft Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are FoamPartner Group (Switzerland), Future Foam Inc. (United States), UFP Technologies Inc. (United States) and Rogers Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Engineered Foam market by , Application (Aerospace & Defense, Medical & Healthcare, Transportation and Manufacturing & Construction) and Region.
On the basis of geography, the market of Engineered Foam has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Flexible will boost the Engineered Foam market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Polyurethane will boost the Engineered Foam market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand of Flexible Foam and Rapid Economic Growth in Asia Pacific Region
Market Growth Drivers:
Increasing Use of XPP in Automobiles for Weight Reduction and Rising Consumer Awareness towards Eco-Friendly Packaging
Challenges:
Impact and current market scenario of raw material shortage and delays.
Restraints:
Fluctuation in cost.
Opportunities:
Strong Opportunity In Future Due To Increasing Applications In Insulation, Such As Light-Density, Open-Cell Spray Foam Insulation And Others
Market Leaders and their expansionary development strategies
In Aug 2018, Armacell Announced The Acquisition Of Guarto, Through This Acquisition Company Serving Growing Global Demand For Acoustic Insulation Solutions, Consolidation Of South European Manufacturing Footprint, And Expansion Of Advanced Insulation And Engineered Foams Product Portfolio.
In Apr 2019, Armacell And Thermaflex Announced To Sign Commercial Cooperation Agreement To Jointly Serve The Russian Market And Some Cis Countries. Which Benefits To Customers From A Combined Elastomeric And Thermoplastic Product Offering And Enhanced Customer Service Levels.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Engineered Foam Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.