The global polyethylene foams market size will grow to USD 4.5 billion by 2025 from USD 3.3 billion in 2020, at a CAGR of 6.1% during the 2020-2025 period. The market is driven by increasing demand from packaging, automotive, and building & construction industries. The emerging economies, such as India, China, Brazil, Southeast Asia, and Mexico, are expected to be the most lucrative destinations for the market in the near future. .
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Non-XLPE is projected to be the largest segment of the polyethylene foams market.
Non-XLPE foam is easy to fabricate, and it is both non-abrasive and resilient. This PE foam provides excellent shock and vibration protection during product transport. Non-XLPE foam has good flotation properties and is also water resistant for recreational and sporting applications. It has good thermal insulation properties and has the added benefit of being recyclable. Also, it is a great alternative to more traditional types of packaging like corrugated paper etc. Non-XLPE low density polyethylene foam is extruded, in this process the manufacturing cells are filled with air and combining with neighboring cells form a Non-XLPE foam. This foam is generally available in black, white, and pink anti-static. Non-XLPE foam is non-abrasive, chemically inert, flexible, and lightweight, which in turn means its ideal for delicate surfaces and surface protection for polished wood, alloy wheels, powder coating, electronics, and ceramics.
Medical is the fastest-growing application segment of the polyethylene foams market.
Medical is the fastest growing end-use application in polyethylene market, in terms of volume. In the medical industry, all products are handled with intensive care. XLPE foams are unique, closed-cell materials used widely to create medical packaging solutions. Certain grades of XLPE foams are expanded in a natural process, using nitrogen verses chemical expansion. PE foam is ideal for a wide range of specialized orthopedic insole applications, PE provides maximum comfort, enabling podiatrists to diagnose and stabilize foot pressure, which relieves the patients’ pain. XLPE foam can also come with a range of additives which combined make this the ideal material for the healthcare industry.
APAC is the largest polyethylene foams market globally.
APAC is projected to lead the polyethylene foams market during the forecast period which is driven by high economic growth and heavy investments in packaging, automotive, building & construction, and manufacturing industries. High GDP growth and growing population are the main drivers of the automotive and building & construction industries in the emerging economies of APAC, such as China, India, Indonesia, and other Southeast Asian countries. The continuous growth in the manufacturing of products for domestic use, as well as exports, drives the demand for PE foams in the region.
The key players profiled in the Polyethylene foams market report are Armacell LLC (Luxembourg), JSP (Japan), Zotefoams PLC (UK), Sealed Air (US), and Recticel N.V. (Belgium).
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This report covers the market for polyethylene foams and forecasts the market size until 2025. It includes market segmentation based on type, *density, end-use application, and region. It also provides company profiles and competitive strategies adopted by the market players.