San Francisco, 21 September 2018 - The global structural foam market is expected to reach USD 42.2 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 5.8%CAGR owing to Increasing infrastructure spending, particularly on residential & commercial buildings, has been a key factor driving the market growth. Moreover, the rising demand from material handling, automobile, and electrical & electronics, is also likely to contribute to the product demand over the forecast period.
Increasing construction spending, particularly in emerging markets of Brazil, China, India, Mexico, Russia, and South Africa is expected to drive injection molded structural foam demand in these regions. Besides, positive outlook of the global automotive and packaging industries coupled with versatile properties of structural foams including better heat and pressure resistance increases their application scope in various industries.
However, volatility in prices of essential raw materials along with the growing environmental issues concerning their disposal is anticipated to hamper the market growth during the forecast period. On account of these concerns, many of the industry participants are aiming to develop bio-based foams using the injection molding technique.
Key market players such as SABIC, One Plastic Group, and Covestro AG are among the companies involved in the production and distribution of the products and have established themselves as key market participants and have high integration throughout the value chain.
Full Research Report On Global Structural Foam Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/structural-foam-market
Further key findings from the report suggest:
Browse More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the global structural foam market on the basis of product, application, and region:
Structural Foam Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
Structural Foam Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
Structural Foam Regional Outlook (Volume, Kio Tons; Revenue, USD Million, 2014 - 2025)
Access Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-structural-foam-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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