According to a market report by Lucintel, the future of the rigid foam market looks promising with opportunities in the building & construction, appliances, packaging, and automobile industries. The rigid foam market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are increasing use of rigid foam for insulation and energy saving in the building & construction and appliances, and weight reduction in the automobile industry.
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In this market, polyurethane (PU), polystyrene (PS), polyethylene (PE), polypropylene (PP), and Polyvinylcloride (PVC), are the major polymer type used to manufacture foam. Polyurethane rigid foam is the largest market.
Within the rigid foam market, building & construction, appliances, packaging, automobile, and others are the major end use industries. Building & construction segment is the largest segment for rigid foam.
Asia Pacific will remain the largest market over the forecast period due to increasing demand for technologically advanced and high quality products and growth in the building & construction, appliance, and automobile end use industries.
BASF, Dow Chemical, Covestro AG, JSP Corporation, Borealis AG, Sealed Air Corporation, Armacell International S.A., Woodbridge Foam Corporation, Trelleborg AB, Recticel, UFP Technologies, Chemtura Corporation, Vita foam, Carpenter, Eurofoam Group and Zotefoams Plc are among the major manufacturers of rigid foam.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the rigid foam market by product type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Rigid Foam Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the rigid foam market by polymer type, end use industry, and region as follows:
By Polymer Type [$M shipment analysis for 2013 – 2024]:
Polyurethane (PU)
Polystyrene (PS)
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Building & Construction
Appliances
Packaging
Automobile
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
France
UK
Italy
Russia
Others
Asia Pacific
ROW
Middle East & Africa
South America
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/rigid-foam-market.aspx or helpdesk@lucintel.com.
About Lucintel
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