Structural Foam Market Size Worth $42.2 Billion By 2025

The global structural foam market size is expected to reach USD 42.2 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness growth at 5.8%CAGR owing to Increasing infrastructure spending, particularly on residential & commercial buildings, has been a key factor driving the market growth. Moreover, the rising demand from material handling, automobile, and electrical & electronics, is also likely to contribute to the product demand over the forecast period.

Increasing construction spending, particularly in emerging markets of Brazil, China, India, Mexico, Russia, and South Africa is expected to drive injection molded structural foam demand in these regions. Besides, positive outlook of the global automotive and packaging industries coupled with versatile properties of structural foams including better heat and pressure resistance increases their application scope in various industries.

However, volatility in prices of essential raw materials along with the growing environmental issues concerning their disposal is anticipated to hamper the market growth during the forecast period. On account of these concerns, many of the industry participants are aiming to develop bio-based foams using the injection molding technique.

Key market players such as SABIC, One Plastic Group, and Covestro AG are among the companies involved in the production and distribution of the products and have established themselves as key market participants and have high integration throughout the value chain.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/structural-foam-market

Further key findings from the report suggest:

The global structural foam demand was 4,059.0 kilo tons in 2016 and is projected to grow at a CAGR of 5.3% from 2017 to 2025
Polyethylene foam segment was the largest product segment in 2016 and is expected to generate revenue over USD 15.62 billion by 2025
Global structural foam in automotive segment was valued at USD 6.81 billion in 2016 and is projected to witness a growth at a CAGR of 6.2% over the forecast period
The U.S. structural foam market in building & construction was 518.8 kilo tons in 2016 and is likely to reach an overall volume of 851.6 tons by 2025
The market in Asia Pacific is anticipated to witness considerable growth over the next few years owing to various advances across key regions, especially in the India and China. In terms of revenue, the regional market is likely to grow at a CAGR of 6.4% from 2017 to 2025
Key market participants include Armacell International S.A., BASF, Diab International AB, The Dow Chemical Company, SABIC, One Plastic Group, Covestro AG, Evonik Industries and others.

Post-consumer Recycled Plastics Market Worth $16.7 Billion By 2027

The global post-consumer recycled plastics market size is anticipated to reach USD 16.7 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.6% over the forecast period. Increasing environmental concerns, growing urbanization, industrialization, and rising concerns to reduce the carbon footprint in the manufacturing of plastic resin are expected to drive the market

Demand for post-consumer recycled plastics is expected to increase majorly in the packaging application and various industries, including electrical and electronics, food and beverages, automotive, and textiles. Fast-moving consumer goods (FMCG) and food and beverage are the primary sectors driving the demand for post-consumer recycled plastics. In addition, post-consumer recycled plastics are used in the production of various plastics. Rising environmental concerns and various government regulations to reduce the carbon footprint are expected to drive the demand for post-consumer recycled plastic.

The global market is segmented based on type as polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polyethylene (PE), polyvinyl chloride (PVC), and polyurethane (PUR). Polyethylene was the prominent source segment and accounted for over 20.0% share of the global revenue in the year 2019. The polystyrene segment is expected to witness significant growth in the future due to the high demand for packaging products, such as films, sheets, and foam, which are used in a wide range of industries.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/post-consumer-recycled-plastics-market

Further key findings from the study suggest:

The bottle source segment is expected to expand at the highest CAGR over the forecast period in terms of revenue. This is attributed to the rising demand for plastic bottles for the packaging of sanitizers, beverages, cosmetics, and various other products
By type, the polystyrene segment is expected to witness the fastest growth over the forecast period in terms of revenue. It is used primarily in the manufacturing of packaging products for food and non-food applications
Asia Pacific accounted for over 45.0% of the overall revenue in 2019. China is expected to expand at a CAGR of 11.0% from 2020 to 2027.

Synthetic Rope Market Size Worth $1.2 Billion By 2025

The global synthetic rope market size is anticipated to reach USD 1.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% over the forecast period. Growing awareness regarding diverse application of this product is anticipated to drive the market over the forecast period. Increasing application of these products replacing steel ropes across various industries is expected to fuel the product demand over the forecast period.

Demand generated by industrial activities has boosted the application of synthetic rope owing to prominent availability of synthetic fibers. These are used in the pulley system in order to create mechanical advantage to effectively spread the weight of loads. Therefore, these are widely used in the construction industry in order to weigh down loads and materials. In addition, it is used for the purpose of transportation of items to different sites of working such as scaffolding.

The industry faces a revolution of changes with adoption of synthetic ropes. The synthetic rope market is also witnessing replacement of traditional materials such as steel wire and nylon. In addition, wide application of these products in the maritime industry provides benefits in industrial operations. Rising displacement of hard fiber ropes with synthetic ones has advanced at a rapid scale in developed countries owing to the commercial utilization of polyolefins fiber. The product also finds its application in cranes on account of properties such as bend fatigue durability, high strength-to-weight ratio, and robust spooling capabilities.

In terms of product, polypropylene dominated the global market in 2018. These ropes have a large application base in the marine and shipment industries owing to sturdy construction and strong raw material. It is widely used in boats, pulleys and winches, and general fastening and securing. It also exhibits floating properties, and since it is easily able to be retrieved from water surface, it is an obvious choice of ropes used around water. Therefore, polypropylene is expected to gain a major share in the coming years owing to its vast usage in the forecast period.

The marine and fishing industry emerged as the largest application segment in the market and held a share of 37.7% in 2018. These are used in the fishing industry as fishing nets, twines, and others. These are used in trawling applications on account of better resistance to abrasion, high breaking strength, and high strength-to-weight ratio. Synthetic ropes are widely used in marine, fishing, and shipment industries on account of its lightweight properties, reduction in knocking up and preparing for downtime, easy handling, floatable, and avoidance of re-lubing. These products assist with great insulation capacity, provides resistance in chemically affected environment, and prevents any absorption.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/synthetic-rope-market

Further key findings from the report suggest:

By product, nylon is expected to expand at a CAGR of 6.6% from 2019 to 2025
The marine and fishing industry application segment was valued at USD 293.1 million in 2018
Top players operating in the synthetic rope market include WireCo WorldGroup; Cortland Limited; Bridon-Bekaert; Southern Ropes; MAGENTO, INC.; Marlow Ropes; TEUFELBERGER; and Yale Cordage.

Injection Molded Plastics Market Size Worth $372.9 Billion By 2027

The global injection molded plastics market size is expected to reach USD 372.9 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 4.6% over the forecast period. Increasing demand for key applications including automotive, packaging, and construction, particularly in Brazil, Russia, India, China, and BRICS, is likely to drive the market growth. High-growth regions such as Middle East and Asia Pacific have witnessed a surge in capacity addition over the last few years.

Increasing presence of plastic injection molding companies in China on account of low manufacturing costs and availability of skilled labor is anticipated to benefit the regional market. Major foreign companies are increasing their production capabilities in the region owing to growing demand for plastic products. Government support in the form of tax benefits and financial incentives in China and India to increase foreign direct investment (FDI) flow has helped develop the market for plastics in these countries.

In packaging application, high-density polyethylene (HDPE) is extensively used in thin wall injection molding. Growing demand for food packaging, bin liners, and thin gauge bags is anticipated to drive the product demand over the forecast period. Rising penetration of injection molded HDPE in shipping containers, industrial pails, and houseware applications is anticipated to further drive its demand.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/injection-molded-plastics-market

Further key findings from the study suggest:

Demand for packaging is likely to increase owing to the improving economic conditions of countries such as India, China, Brazil, and Mexico
Demand for injection molded plastics from the packaging industry in Asia Pacific is projected to register a CAGR of 4.3% in terms of volume, from 2020 to 2027. This is attributed to the growing demand for food packaging
Growth of the electronics industry, coupled with cost-effectiveness of electrical appliances, is projected to remain a key driving factor for the injection molded plastics market over the forecast period
Demand from the medical sector in North America is anticipated to register a CAGR of 2.9% from 2020 to 2027 owing to the increase in demand for plastic components for medical devices
Key market players include BASF, LyondellBasell, Eastman Chemical Company, ExxonMobil, Huntsman Corporation, Eastman Company, DuPont, Dow Chemicals, and SABIC.