The polyethylene foams market is estimated to be USD 2.74 billion in 2016, and is projected to reach USD 3.64 billion by 2021, at a CAGR of 5.8% between 2016 and 2021.

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The growth of the polyethylene foams market is attributed to its reasonable cost, increased acceptance from various sub-application segments, and increasing demand from emerging countries. PE foams are used mainly in protective packaging, automotive, building & construction, footwear, sports & recreation, medical, and others end-use applications. Higher than 40% of the total demand for polyethylene foams was from the protective packaging end-use application of the polyethylene foams industry. The growth of the automobile and building & construction application is driving the growth for the polyethylene foams market.

The Asia-Pacific region is the fastest-growing market for polyethylene foams. The countries in this region such as, China, Japan, South Korea, India, Indonesia, and Thailand are witnessing a gradual increase in the use of polyethylene foams in residential and non-residential/commercial constructions.

China leads the market for polyethylene foams in the Asia-Pacific region. It is projected to be a high growth market owing to its growing economy, rapid technological advances, and expanding manufacturing capabilities. China is the fastest-growing market in the Asia-Pacific region. The emerging automotive manufacturing sector and growing need for sophisticated infrastructure favors the growth of the polyethylene foams market in this country.

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Companies are strengthening their R&D capabilities to provide cost-effective products. These products are manufactured by adhering to the regulations set by various associations and governments. All these developments are expected to lead to the sustainable growth of the polyethylene foams market during the next five years. Armacell (Germany), JSP (Japan), Zotefoams Plc (U.K), The Dow Chemical Company (U.S.), Sealed Air Corporation (U.S.), INOAC Corporation (Japan), Thermotec (Australia), Wisconsin Foam Products (U.S.), Trecolan GmbH (Germany), and PAR Group (U.K) among others, are the active players in the polyethylene foams market.

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