Dublin--(BUSINESS WIRE)--"By type (polyurethane, polystyrene (EPS and XPS), polyolefin (PE, PP, EVA), phenolic resin, PET), type (rigid, flexible), end use The segmented global foam market "Industry (Construction, Packaging, Automotive, Furniture and Bedding, Footwear) and Region-Forecast to 2026" report has been added to ResearchAndMarkets.com's products.
The global bubble market in 2021 is estimated to be 93.9 billion U.S. dollars and is expected to reach 118.9 billion U.S. dollars by 2026, with a compound annual growth rate of 4.8% from 2021 to 2026.
The market is driven by the growth of various end-use industries. Increased investment in infrastructure, new housing projects and non-residential building renovations in China, India and Brazil have also contributed to market growth.
Foams are widely used in the automotive, building and construction, packaging, footwear, sports and leisure, and furniture and bedding industries. Flexible PU foam is widely used in the automotive and construction industries. It helps automakers solve problems related to weight reduction, shock absorption, fuel efficiency and durability.
Construction and construction is expected to become the largest terminal industry in the bubble market
Driven by huge investments in new infrastructure development, new housing projects, and non-residential building renovations in major countries such as China and India, the construction industry in the Asia-Pacific region is expected to experience the highest growth rate in the next five years.
The high demand for online shopping is increasing the demand for packaging; this is expected to drive the protective packaging market during the forecast period. It is expected that between 2021 and 2026, the use of foam in medical device packaging, orthopedic soft products and medical components will also promote the market development of the medical industry.
Polyurethane is the largest foam type segment in the foam market
MDI, TDI, polyether polyol and polyester polyol are the main raw materials for making polyurethane foam. PU foam has an open cell structure. Typically, manufacturers make these foams by reacting polyols and diisocyanates, both of which are extracted from crude oil. The foaming agent is used to expand the cells of the foam and expand its volume to form a lightweight PU foam. Generally, TDI (toluene diisocyanate) polyols are used to produce flexible foams, which are mainly used to produce flexible slabstock foams, while MDI-containing polyols produce rigid foams.
PU foam has low thermal conductivity, low density, low water absorption, relatively good mechanical strength, and good insulation performance. It has a variety of rigidity, hardness and density levels to choose from. Low-density flexible foam is used in upholstery, bedding, car and truck seats, and new inorganic plant substrates for roofs or wall gardens. It is also used for thermal insulation and RTM core material. PU foam is divided into three sub-segments-soft PU foam, rigid PU foam and spray PU foam.
The Asia-Pacific region is the largest bubble market during the forecast period
The foam market in the Asia-Pacific region is segmented into China, India, Japan, South Korea, Malaysia, Indonesia, Thailand, and other regions in the Asia-Pacific region. The region is the fastest growing region in the bubble market, driven by rapid economic growth and heavy investment in the automotive, shipbuilding, construction and manufacturing industries. The growth of the Asia-Pacific market is driven by the increasing use of foam in the construction and construction, automotive, footwear, sports and leisure, furniture and bedding, and packaging industries.
The demand for high-quality products, the ever-increasing population, and the ever-growing end industry have led to innovation and development of the market. The continuous growth of domestic product manufacturing and exports has boosted demand for foam in the region.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900