The market crossed US$ 96 billion mark in 2022 and is expected to hit US$ 137 billion by 2030, recording a CAGR of 4.5% during the forecast period. The population in the regional urban cities/areas is increasing rapidly. According to an article published by StatisticsTimes, in September 2021, 90% growth will be witnessed in the regional urban population from 2022 to 2030 in several countries. The level of urbanization in several countries is growing at a significant rate.
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Key companies profiled in this research study are:
- BASF SE
- Armacell International S.A.
- JSP
- Kaneka Corporation
- Recticel
Foam Market Segmentation:
The Foam market is analyzed on the basis of application, service type, and country. Based on application, the market is bifurcated into onshore and offshore. In 2022, the onshore segment held the largest share in the market.
Based on service type, the market is segmented into well completion, wireline, artificial lift, perforation, drilling and completion fluids, and others. In 2022, the others segment held the largest share in the market.
Similarly, based on country, the market is segmented into the US, Canada, and Mexico. The US contributed a substantial share in 2022.
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FOAM MARKET SEGMENTATION:
Type:
- Polyurethane
- Polystyrene
- Polyolefin
- Phenolic
- PET
- Others
End Users:
- Building & Construction
- Packaging
- Automotive
- Furniture & Bedding
- Footwear, Sports, & Recreational
- Others
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Foam Market.
- Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
- The key findings and recommendations highlight crucial progressive industry trends in the Foam Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
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