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2021
Polyethylene Foam Market

Polyethylene Foam Market: by Type (Non-XLPE and XLPE), by Density (LDPE, HDPE), by End-Use Application (Protective Packaging, Automotive, Building & Construction, Footwear, Sports & Recreational, Medical) Global Opportunity Analysis and Industry Forecast, 2021–2030

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Dec 2021 | 44 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Polyethylene is made from expanded pellets (EPE bead) made with use of blowing agent, followed by expansion into a mold in a steam chest, this process is similar to that which is used to make expanded polystyrene foam.  Polyethylene Foam has low density, semi rigid, closed cell foam that are usually somewhere in stiffness or compliance between expanded polystyrene and polyurethane. Foam material or a substance which is made by trapping pockets of gas in a liquid or solid. Foams are made by mixing water or gas with hydrocarbons or halocarbons. Definition of polyethylene foam is, it is a type of foam which is made with mixing of carbon dioxide with hot liquid polyethylene foam. The mixture of gas and polyethylene enable the polyethylene foam to achieve high and resilient qualities.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for Years

  2021–2030

  Base Year Considered

  2021

  Forecast Period

   2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Type, Density, End Use, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Armacell, Inoac Corporation, JSP, PAR Group, Sealed Air Corporation, The DOW Chemical Company, Thermotec, Trecolan GmbH, Wisconsin Foam Products, Zotefoams PLC

 

COVID-19 Impact analysis

  • COVID-19 has imposed many challenges for the automotive sector. The US, Germany, the UK, Italy, South Korea, Spain, and Japan are among the adversely affected major industrialized economies. More than 90% of automotive and related companies report that COVID-19 will have a direct impact on their 2020 sales revenues. The outbreak of COVID-19 and resulting economic uncertainty may reduce consumer demand in the short term. This would possibly hamper new vehicle sales and delay spending on non-essential maintenance. In the long run, these factors could influence consumer preferences over polyethylene foam. 

  • COVID-19 has also posed many challenges in the construction sector. Major economies across the world, such as the US, Germany, the UK, Italy, South Korea, Spain, and Japan, are among the severely affected countries by the pandemic. Social distancing measures, supply chain disruptions, and workforce dislocation have led to the suspension of construction activities in most countries due to the disruptions in supply chains and shortage of raw materials and labour. This has impacted the demand for polyethylene foam in construction industry.

  • Construction companies with high debts and lower cash reserves faced a liquidity crisis. However, the construction of temporary hospitals and quarantine centres have increased with this outbreak of coronavirus. This will help the market to grow after a certain period

Top Impacting Factors
Polyethylene Foam is easy to fabricate and it’s both non-abrasive and resilient, it provides very good shock and vibration protection during product transport. Polyethylene Foam has very good floatation properties and it is also water resistant for use in recreational and sporting applications, also it has good thermal insulation properties and has the added benefit of being recyclable. It is a great alternative to more traditional types of packaging like corrugated paper etc.
Market Trends

  • The prime factor that is contributing to the growth of polyethylene foam is the rapid increase in the construction industry in both residential and commercial properties sector, owing to various city and town modernization as well as development plans.

  • There is considerable rise in income levels of individuals and increase in investment by individuals towards home ownership across the globe, there is also increase in expenditure by individuals and business on commercial and luxury vehicles in developed and emerging economies such as China, India, South-Korea, and Argentina is expected to spurt the demand for polyethylene foam uses in the automotive sector as well.

  • The upturn in online retailing, e-commerce industry has triggered the growth in logistic industry as well, products and goods are transported to far off places thus propelling the uses and demand for polyethylene in e-commerce industry as well.

  • Movers and packer’s business in this era has been flourishing as the availability of jobs has been pushing the skilled and the trained workforce to periodically switch their bases from place to place to explore new opportunities provided with better perks.

  • The work of shifting goods from place to place bring excess demand of such Polyethylene foam for packaging of numerous products and items as it helps in providing cushioning to goods by absorbing shocks and hits while on transit.

  • Polyethylene is made with compounds extracted from crude oil, processing such chemicals can pollute the environment which can be a threat to humans as well as to flora and fauna on the Earth, thus toxic properties of polyethylene can act as a restraint on growth of polyethylene foam markets 

Key Segments Covered
End use

  • Protective Packaging 

  • Automotive, Building & Construction 

  • Footwear, Sports & Recreational

  • Medical

Density

  • LDPE

  • HDPE

By Type:

  • Non-XLPE

  • XLPE

Industry Vertical

  • Chemical & Petrochemical 

  • Oil & Gas 

  • Automotive 

  • Food & Beverage

  • Healthcare 

  • Others

Region

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Denmark

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • LAMEA

    • Brazil

    • Saudi Arabia

    • South Africa

    • UAE

    • Turkey

    • Rest of LAMEA

Key Benefits of the Report

  • This study presents the analytical depiction of the polyethylene foam industry along with the current trends and future estimations to determine the imminent investment pockets.

  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the polyethylene foam market share.

  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the polyethylene foam market growth scenario.

  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 

  • The report provides a detailed polyethylene foam market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the polyethylene foam Report

  • Who are the leading market players active in the polyethylene foam market?

  • What current trends will influence the market in the next few years?

  • What are the driving factors, restraints, and opportunities in the market?

  • What future projections would help in taking further strategic steps?

  • What are the driving factors and opportunities in the market?                                                               

 
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