PR Newswire
WILMINGTON, Del., Nov. 10, 2022
WILMINGTON, Del., Nov. 10, 2022 /PRNewswire/ -- A research report by Transparency Market Research (TMR) states that the global Polymer Foam Market is estimated to reach a value of US$ 144.4 Bn by the end of 2031. Besides, the TMR review notes that the market for polymer foam is expected to grow at a CAGR of 4.2% during the forecast period, from 2022 to 2031.
The regulatory bodies of several nations across the globe are implementing legislations as well as building standards in order to decrease the level of heat loss. This factor is driving the demand avenues, notes a global market study on polymer foam by TMR.
Polymer foam manufacturers are anticipated to gain profitable prospects in Asia Pacific during the forecast period. The Asia Pacific market growth is ascribed to several important factors including improving spending power of people in the region and increasing urbanization across many emerging economies of the region. This aside, the availability of raw materials and labors at lower costs in the region is anticipated to help in the growth of the Asia Pacific market in the near future.
Leading market players are investing in researches in order to develop eco-friendly products. Moreover, several enterprises are focusing on the use of strategies such as mergers, acquisitions, and new product launches in order to stay ahead of the competition. Such initiatives are likely to play key role in the growth of the global market during the forecast period.
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Polymer Foam Market: Key Findings
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Polymer Foam Market: Growth Boosters
Polymer Foam Market: Key Players
Some of the key players profiled in the report are:
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Polymer Foam Market Segmentation
Type
Application
Region
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