Global Polyolefin foam market to grow at CAGR of 5.2% to cross US$7 bln by 2025

30-Apr-19

The global polyolefin foam market is expected to reach US$7.2 bln by 2025 and growing at a CAGR of 5.2% during the forecast period of 2018 to 2025, as per Data Bridge Markets Research.
Major Market Drivers and Restraints include:

Improvement in standard of living and rise in per capita income
Diversified range of applications of these foams. polyolefin foams offer flexibility, cushioning, compression
Polyolefin foam market is compelled by various macroeconomic factors as well as supply and demand drivers
Rapidly mounting demand for polymer

This sector witnesses continuous R&D effort. Depending on the performance property requirement the foam used is cross-linked or non-cross-linked. Polyolefin foams can be broadly divided into polyethylene, polypropylene and ethylene vinyl acetate copolymer foams. EVA foams are generally cross-linked and used for variety applications such as footwear, sporting goods, medical applications and other miscellaneous applications. Using the foam products is ecologically beneficial for constructed structures, as they reduce interior noise pollution levels. This characteristic is a primary reason why polyurethane can be used in high-noise environments to maintain optimum sound levels. The polyolefin foam market is highly fragmented.