The global polyethylene foams market is projected to grow from USD 3.6 billion in 2021 and is projected to reach USD 4.8 billion by 2026, at a CAGR of 6.0%, between 2021 and 2026 period. The driving factor for the polyethylene foams market is growth in end-use industries and high growth in Asia Pacific.
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Medical is projected to be the fastest-growing
end-use industry of polyethylene foam market.
Medical is the fastest-growing
end-use application segment of the polyethylene foams market, in terms of
volume. In the medical industry, all products need to be handled with intensive
care. XLPE foams are unique, closed-cell materials used widely to create
medical packaging solutions. The XLPE foam is hypoallergenic, non-toxic, and
latex-free and can also be used in operating rooms. It has a cushion-like
feeling, is water-resistant, and has the capability of being gamma-sterilized
to be used with medical devices. It is extensively used in the medical device
industry to package and protect surgical instruments, implants, and other
surgical devices, and in both inside and outside of a sterile barrier system.
Non-XLPE is the largest type of the polyethylene
foam market.
Non-XLPE foam is also known
as non-cross-linked polyethylene foam. Non-XLPE foam is easy to fabricate, and
it is both non-abrasive and resilient. This polyethylene foam provides
excellent shock and vibration protection during product transport. It 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. It is also a great alternative to more traditional
types of packaging, such as corrugated paper.
Asia Pacific is the
largest Polyethylene foams market globally.
Asia Pacific is the most promising market for
polyethylene foams and is projected to remain the same in the next few years.
Asia Pacific is witnessing an increased demand for high-end products because of
the rise in the purchasing power of consumers. These products demand efficient
packaging and transportation, thereby increasing the need for polyethylene
foams. The key markets in the region include China, India, Japan and South
Korea. India, China, and Indonesia are investing heavily in various end-use industries,
which is likely to influence market growth.
The key players profiled in the polyethylene
foams market report are Armacell (Luxembourg), JSP ( Japan), Sealed Air (US), Zotefoams
PLC (UK), and Recticel NV (Belgium)
Study Coverage:
This report covers the market for polyethylene
foams and forecasts the market size until
2026. It includes DROC’s, value chain analysis, and market segmentation based on type, density, end-use industry, and region. It also provides company
profiles and competitive strategies adopted by the market players.
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