Market Research Report
Polyethylene (PE) Foams Market by Type (Non-XLPE and XLPE), by Density (LDPE,HDPE), by End-Use Application, and Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||981908|
|Published||Content info||220 Pages
Delivery time: 1-2 business days
|Polyethylene (PE) Foams Market by Type (Non-XLPE and XLPE), by Density (LDPE,HDPE), by End-Use Application, and Region - Global Forecast to 2025|
|Published: January 8, 2021||Content info: 220 Pages||
The polyethylene foams market is projected to grow from USD 3.3 billion in 2020 to USD 4.5 billion by 2025, at a CAGR of 6.1% between 2020 and 2025. The market is propelled by the growth of various end-use industries. Increasing investments in use for polyethylene foams in protective packaging, infrastructure, new housing projects, and renovation of non-residential buildings in China, India, and Brazil have also boosted the market growth.
Medical is the fastest growing end-use application in polyethylene market, in terms of volume. 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. The XLPE foam is hypoallergenic, non-toxic, and latex-free and can come in contact with skin and can also be used in operating rooms. It has a cushion-like feeling, it is water resistant and also has the capability of being gamma sterilized to be used with medical devices.
"Protective packaging segment is projected to be the largest end-use market of polyethylene foams."
Protective packaging is the largest application segment, in terms of both volume and value, between 2020 and 2025. Protective packaging is used in a wide variety applications including fruits and vegetables, automotive, aerospace, appliance, electronics, and pharmaceuticals. Economic growth and demographic change is a major factor driving the packaging industry. Incomes are expected to rise, which will lead to increase in consumer spending on packaged goods as well as strengthening the middle class people to engage towards global brands and shopping habits. Another driving factor for packaging industry is the increase in the demand for pharmaceutical products due to rising life expectance, especially in developed markets like Japan.
"XLPE type is the fastest-growing segment of the polyethylene foams market."
XLPE type is the fastest-growing segment, in terms of volume, between 2020 and 2025. XPLE foam also known as cross-linked polyethylene foam is a closed-cell foam which is characterized by a compact feel and resistance to water. It has many of the same properties as polyethylene foam but also has the ability to protect Class "A" surfaces (surface that can either be seen or touched or both) and is consequently used extensively in the packaging of medical products and equipment.
"APAC is the fastest market for polyethylene foams during the forecast period."
APAC is projected to be the largest and the fastest-growing market for polyethylene foams during the forecast period. The growth of the market is propelled by the increasing use of PE foam in packaging, automotive, footwear, sports & recreational, and building & construction industries. The continuous growth in the manufacturing of products for domestic use, as well as exports, drives the demand for PE foam in the region. The demand for high-quality products, rising population, and the growing end-use industries have led to innovation and development in the market.
Extensive primary interviews have been conducted, and information has been gathered from secondary research to determine and verify the market size of several segments and sub-segments.
The key companies profiled in this report are Armacell LLC (Luxembourg), JSP (Japan), Zotefoams PLC (UK), Sealed Air (US), and Recticel N.V. (Belgium).
The polyethylene foams market has been segmented based on type (Non-XLPE, XLPE), *density (LDPE, HDPE), end-use application (protective packaging, automotive, building & construction, assembly, footwear, sports & recreational, medical), and region (APAC, Europe, North America, South America, and Middle East & Africa). The type segment is further analyzed for each country in the respective regions.
Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses - industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and market drivers, restraints, opportunities, and challenges.