Global Rigid Foam Market was valued US$ 51.12 Bn in 2019 and is expected to reach US$ 99.88 Bn by 2027, at CAGR of 8.73% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Growing use of global rigid foam market in the building & construction industry and appliances industry for insulation and energy saving, and in the automobile industry for weight reduction are the factors driving the growth of market. These foams are also being increasingly used in the packaging end-use industry, because of their light weight and durability.
Based on end-use industry segment, increasing concerns across the globe for insulation and energy savings, roofs, insulation for walls, and windows have led to the development of global rigid foam market in the building and construction industry. Rigid foam not only helps in energy saving in buildings but also increases their efficiency. Hence, advancements in the building & construction industry have led to the growing use of rigid foam across the globe, which is estimated to fuel the development of the global rigid foam market during the forecast period.
On the basis of foam type segment, Polyurethane rigid foam is closed cell structure, has high crosslinking density with good heat stability, high compressive strength, and excellent insulation properties. Polyurethane rigid foam is used in the building & construction and appliances end-use industries for thermal insulation and energy savings. Improved request for refrigerators & freezers and building & construction activities across the globe are estimated to hold the largest market share during the forecast period.
In terms of region, Asia-Pacific is estimated to hold largest market share during forecast period. Emerging markets like China, India, South Korea, and various Southeast Asian countries are attracting a number of global players for the establishment of their manufacturing bases in the Asia-Pacific region. Manufacturers are competing to reach the wide customer base in countries like China and India to cater to the growing request for technologically advanced and high-quality products. Increased investments in the building & construction, appliances, and automobile end-use industries are driving the development of global rigid foam market in the Asia-Pacific market.
The report offers company market share analysis in order to give a broader overview of the key players in the market. The report also covers key planned developments of the market including achievements & mergers, partnerships, agreements collaborations & joint ventures, Application, research & development, and regional development of major members involved in the market on a global and regional basis. Furthermore, the study covers price trend analysis, and Application portfolio of various companies according to the region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global rigid foam market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global rigid foam market.
Scope of the Global Rigid Foam Market
Global Rigid Foam Market, By Foam Type
• Polyurethane (PUR/PIR) Foam
• Polystyrene Foam
• Polypropylene Foams
• Polyethylene Foam
• Polyvinyl Chloride Foam
Global Rigid Foam Market, By End Use Industry
• Building & Construction
Global Rigid Foam Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Rigid Foam Market
• BASF SE
• DOW Chemical Company
• Huntsman Corporation
• Covestro AG
• JSP Corporation
• Roger Corporation
• Borealis AG
• Armacell International S.A.
• Sealed Air Corporation
• Zotefoams PLC
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
Organization: Maximize Market Research Pvt.Ltd.Pune
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