Global Polyethylene (PE) Foam Market 2017-2021
About Polyethylene (PE) Foam
Polyethylene (PE) foam is derived from polymerization of ethylene. PE is a class of thermoplastics, which is produced by polymerization of ethylene. In the foam form, PE is widely used in packaging, building and construction, automotive, footwear and other applications. PE foams have high buoyancy, which makes them popular for marine uses. PE foams are inert to water, solvents, and grease at typical temperatures. They are ozone friendly, chloro-fluoro-carbon free, odorless, recyclable, and lightweight.
Technavio’s analysts forecast the global polyethylene (PE) foam market to grow at a CAGR of 5.85% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyethylene (PE) foam market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polyethylene (PE) Foam Market 2017-2021
Technavio recognizes the following companies as the key players in the global polyethylene (PE) foam market: Armacell, JSP, Rogers Foam, Sealed Air and Zotefoams.
Other Prominent Vendors in the market are: FoamPartner, Mitsui Chemicals, Thermo-Tec and Wisconsin Foam Products.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing number of manufacturers in APAC. Lower supply constraints in Europe, following the establishment of new PE foam production facilities in China, will likely restrict the rising costs of production, thereby reducing the cost of the product.”
According to the report, one driver in the market is growing demand from emerging economies. The global PE foam market is witnessing high growth in the emerging economies of the world such, as Brazil, China, Russia, Turkey, Indonesia, South Korea, Mexico, and India. Many OEMs such as automotive manufacturers are shifting their manufacturing operations to these countries due to factors such as the availability of land, cheap labor, low transportation costs, and less stringent government norms.
Further, the report states that one challenge in the market is volatility in raw material prices. The manufacturing of PE foams requires raw materials such as benzene, toluene, and other chemicals, which are acquired from the oil and gas industry. The oil and gas industry is one of the principal suppliers of raw materials for the global PE foam market. The fluctuations in the crude oil prices have a severe effect on the prices of the raw material, affecting the cost of the PE foams. There have been volatile demands owing to the uncertainty in the economic activities in the raw material market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-polyethylene-pe-foam-market-2017-2021
Armacell, JSP, Rogers Foam, Sealed Air, Zotefoams, FoamPartner, Mitsui Chemicals, Thermo-Tec and Wisconsin Foam Products.