Polyethylene foam is a durable and lightweight material often
used for in the packaging of fragile goods due to its excellent vibration and
insulation properties. It also offers high resistance to chemicals and
moisture. Polyethylene foam is easy to process and fabricate and exhibits high
load bearing characteristics which help manufacturers reduce packaging costs as
they can use thinner and smaller amounts of foam and still protect their
products. Polyethylene foam is developed by thermochemical expansion with
low-density polyethylene resins. The closed cell structure resists water
pick-up and moisture transmission. These foams are resistant to chemical
reactions from water, oil, greases, and common chemicals. Polyethylene foams
are ideal for packaging, surface protection, cold chain, automotive, sports
& leisure, void fill, medical, construction, military, blocking &
bracing, recreational, agriculture, and archery target applications.
The polyethylene
foams market is mainly driven by increasing residential and commercial
construction activities caused by rapid urbanization and increasing income
levels and modern attitudes toward home ownership in several countries. In
addition, rising expenditure on commercial and luxury vehicles in emerging
economies is expected to fuel the demand for polyethylene foams in the
automotive sector. The building & construction industry is likely to
witness growth during the forecast period, driven by investments in new
infrastructure development, housing projects, and renovation of non-residential
buildings in emerging economies, contributing to an increasing demand for
polyethylene foams in various applications.
The global
polyethylene foams market can be categorized into the following: ethafoam
synergy fine cell polyethylene foams, flame-resistant polyethylene foams,
medium & high density foams, and military grade & recycled content
foam. Based on the method of foaming, the market is classified into the
following categories: mechanical foaming, foaming with hollow glass beads,
chemical foaming, and physical foaming. In terms of application, the
polyethylene foams market is divided into the packaging, surface protection,
cold chain, automotive, sports & leisure, void fill, medical, construction,
military, blocking & bracing, recreational, agriculture, and archery target
segments. Protective packaging is a significant end-use application of
polyethylene foams and accounts for a major market share in terms of volume.
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The global
polyethylene foams market has witnessed decent growth in 2015 and is
anticipated to follow the same trend over the forecast period. Asia Pacific
accounted for a major share in the polyethylene foams market owing to the availability
of inexpensive raw materials, low cost of production, and the product’s ability
to cater to the local emerging market. Besides, increased demand for premium
and better quality products has contributed to the development of the
polyethylene foams market in this region. In North America, the market is
anticipating progression, with three polymer foams capacity projects already
set up in the region. The domestic market is expanding as well which triggers
the exporting of polyethylene foam products into the remaining parts of the
world. In Europe, the market is bound to experience an upward trend with the
U.K, Germany, and Russia persisting as successful polyethylene foam markets.
Latin America and Middle East & Africa are also projected to create a
strong market for polyethylene foam owing to the recent infrastructure
developments and urbanization in these regions.
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Key
players in the global polyethylene foam market include Armacell International
S.A, Zotefoams Plc., The Dow Chemical Company, and Sealed Air
Corporation.
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