Polyolefin is a kind of a polymer which is usually non-polor, odorless and non- porous. These are usually made from the substances which have high carbon content such as coal, natural gas and oil. These materials are widely used in food packaging, consumer goods, plastics and industrial products. Polyolefin foams are formed when different kind of material are moulded together. Organic blowing agents and cross-linking agent are usually involved in this and together they create polyolefin resin. Any compound which is formed from an olefin as monomer is considered as polyolefin. Polystyrene foam, melamine foam, PVC foam, phenolic foam are some of the common types of the foam. They are usually very light weight and are not costly. They are used in the interior of the airplane and also constructed structure because of their ability to decrease the noise pollutions.
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The major factors boosting the market growth are:
Global polyolefin foam market is segmented as type which is further segmented as polystyrene foam, phenolic foam, melamine foam, PVC foam, polyurethane foam and application which is segmented as building & construction, packaging, automotive, furniture & bedding and others.
“According to Data Bridge Market Research, global polyolefin foam market is growing at a substantial CAGR of 5.2% during the forecast period of 2018 to 2025”
Some of the major players operating in the polyolefin foam market are - SEKISUI CHEMICAL CO.LTD, Palziv , SABIC, Armacell Enterprise GmbH & Co. KG, Johnson Controls (U.S.), Woodbridge Foam Corporation, Lear Corporation, Bridgestone Corporation, BASF, Recticel, Vitafoams, Armacell, The Dow Chemical Company, Rogers, and Saint-Gobain among Others.
Toughness, cushioning, electrical and thermal insulation, chemical resistance and flexibility are some of the quality of the polyolefin which are in demand and due to which it has a wide application. As, construction and building activities are increasing worldwide due to urbanization, there is increase in the demand for the polyolefin foams.
Global Polyolefin Foam Market - Industry Trends and Forecast to 2025