The Global Structural Foam Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Structural Foam market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Structural Foam industry pertaining to growth factors, opportunities and lucrative business prospects, regions showing promising growth, and forecast estimation till 2030.
The global structural foam market size reached USD 32.01 Billion in 2021 and is expected to register a revenue CAGR of 6.1% during the forecast period, according to a latest analysis by Emergen Research. Growing adoption of structural foam pallets in food processing and industrial applications is the key factor driving revenue growth of the market.
Injection-molded plastic pallets with structural foam are becoming more popular in a variety of industries, such as the food, beverage, and automotive. Structural foam is made with low-pressure and low-cost aluminum tools. The pallet has a cellular core with a high strength-to-weight ratio and an integral skin. The widespread use of structural foams in material handling equipment used for short-distance transit of objects within the manufacturing facility, as well as a number of other packaging applications, creates a high demand for these foams. Structural foam pallets are a suitable material handling option since they are durable and long-lasting. The use of structural foam molding eliminates the need for a metal frame, resulting in a smooth, leak-proof body that will not rust, chip, dent, or peel. Durable structural foam is used in the manufacturing of many material handling items, resulting in a product that is robust, lightweight, and works well in even the most demanding settings.
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The report further divides the Structural Foam market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Structural Foam market.
Emergen Research has segmented global structural foam market on the basis of product, application, and region:
- Product Outlook (Revenue, USD Billion; 2019-2030)
- Polyethylene
- Polystyrene
- Polypropylene
- Polyurethane
- Others
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Material Handling
- Automotive
- Building & Construction
- Electrical & Electronics
- Others
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report also studies the key companies of the Structural Foam market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities. Some players analyzed in the report are:
Armacell International S.A., Evonik Industries AG, Covestro AG, One Plastic Group, PSI Molded Plastics, The Dow Chemical Company, Diab International AB, Gurit Holding AG, Saudi Basic Industries Corporation (SABIC), and GI Plastek Corp.
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Structural Foam market?
What are the key product types and applications of the Structural Foam industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Structural Foam market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Structural Foam Market by 2030?
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