Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) — The “Structural Foams – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
An in-depth analysis of the Structural Foams market has recently been published, highlighting significant growth opportunities and industry trends that are expected to shape the future of the market. The comprehensive report provides a strategic global overview, projecting the market to surge to a valuation of US$54.1 billion by 2030, from its current estimate of US$34.5 billion in 2022. This remarkable growth trajectory represents a steady CAGR of 5.8% over the forecast period of 2022-2030.
Segment-Wise Insights and Geographical Trends
In this market segmentation analysis, we observe that Polyethylene, a key segment within the industry, is anticipated to achieve a CAGR of 5.5%, potentially reaching US$17.8 billion by 2030. Polypropylene is not far behind, as it is estimated to grow at a 5.9% CAGR over the same period.
When examining the geographical landscape, the United States leads the market with an estimated worth of US$16.1 billion in 2022. Meanwhile, China is forecasted to experience an 8.4% CAGR leading up to 2030. Other significant markets include Japan and Canada, which are expected to grow at 4.7% and 5.9% CAGR respectively. Germany emerges as a strong contender within Europe, projected to see around a 6% CAGR. The Asia-Pacific region, bolstered by countries such as Australia, India, and South Korea, is set to reach US$5.1 billion by the year 2030.
Noteworthy Market Participants
The report features key industry players that are shaping the competitive landscape of the Structural Foams market. Although not exhaustive, the list gives insight into the strategic positioning and innovations put forth by some of the market’s significant enterprises.
Global Economic Climate and its Impacts
The global economic climate is showing positive signs of recovery with gradual growth anticipated in the coming years. The United States, despite experiencing a slowdown, has quelled recession fears while the Euro area benefits from easing inflation that is set to augment economic activities. China’s projected GDP growth looks optimistic as it emerges from pandemic-induced restrictions.
India is on track to reach monumental economic milestones by 2030, potentially overtaking major economies like Japan and Germany. However, despite these upbeat projections, the economy faces a delicate balance with persistent challenges from geopolitical tensions, food and fuel price instability, and ongoing inflation pressures.
Technological Innovations Fueling Investment Opportunities
While economic headwinds may curb corporate investments, advancements in technology such as AI, quantum computing, and climate tech are seen as catalysts for new investment flows, potentially adding substantial value to the global GDP in the upcoming years. As businesses navigate through a mix of challenges and prospects, the ability to adapt and demonstrate resilience will be critical.
For readers seeking a deeper understanding of the Structural Foams market and its trajectory, this report offers valuable insights into anticipated growth areas, competitive strategies, and key economic influences, providing a thorough analysis for industry stakeholders.
|No. of Pages
|2022 – 2030
|Estimated Market Value (USD) in 2022
|Forecasted Market Value (USD) by 2030
|Compound Annual Growth Rate
A selection of companies mentioned in this report includes
- Avedon Engineering, Inc.
- Cashem Advanced Materials Hi-tech Co., Ltd.
- DeKALB Molded Plastics
- MSI Mold Builders
- Oneplastics Group
- SABIC (Saudi Basic Industries Corporation)
- Season Group
- Thermal Beacon
For more information about this report visit https://www.researchandmarkets.com/r/4eixyx
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