The engineered foam market size is projected to reach USD 122.30 billion by 2026, at a CAGR of 7.9% from 2016 to 2026. Growing demand of engineered foam in aerospace & defense, transportation, medical & healthcare, and others with a high degree of customization to meet their application demand are some of the end-use industries driving the global engineered foam market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=171499038

Based on end-use industry, aerospace & defense led the market for engineered foam. However, the transportation segment is expected to grow at the highest CAGR during the forecast period. Transportation is one of the key end-use industries for engineered foam. Engineered foams are used in the manufacturing of several vehicle parts, such as seat foam, door panels, and energy absorbers in the automotive industry. The automotive industry is expected to grow at 5.4% annually, which is expected to drive the demand for engineered foams. The market players of the engineered foam market can expand their product offerings for the transportation and automotive industries, which will help the players increase its market share in the engineered foam market.

Polyolefin is the fastest-growing material type segment of the engineered foam market. Polyolefin is majorly used in the packaging and automotive industries. Growing automotive industry and packaging industry, will drive the market of polyolefin-engineered foam market.

Asia-Pacific accounted for the largest share of the global engineered foam market in 2015, owing to the increasing investments in the transportation, and medical & healthcare sectors in various countries in the region. It is, also expected to be the fastest-growing market in the coming years, in terms of value. Presently, the engineered foam market in Asia-Pacific is at a growth stage. The growth of the Asia-Pacific engineered foam market is also fueled by the increasing demand from countries, such as Japan, China, India, Indonesia, and others in the region.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=171499038

The global engineered foam market is fragmented and highly competitive with the presence of large number of prominent players. The DOW Chemical Company (U.S.), BASF SE (Germany), Bayer AG (Germany), Sekisui Chemical Ltd. (Japan), Huntsman Corporation (U.S.), Trelleborg AB (Sweden), Inoac Corporation (Japan), Recticel NV/SA (Belgium), Vita (Lux III) S.à r.l. (U.K.), Armacell GmbH (Luxembourg), Foamcraft Inc. (U.S.), FoamPartner Group (Switzerland), Future Foam Inc. (U.S.), UFP Technologies Inc. (U.S.), and Rogers Corporation (U.S.), are some of the key players operational in the engineered foam market. These companies adopted various strategies such as expansions, joint ventures, and mergers & acquisitions to strengthen their foothold and increase their share in this market.

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441