The global polyethylene (PE) foam market to grow at a CAGR of 5.85% during the period 2017-2021.
The report, Global Polyethylene (PE) Foam Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increasing number of manufacturers in APAC. Lower supply constraints in Europe, following the establishment of new PE foam production facilities in China, will likely restrict the rising costs of production, thereby reducing the cost of the product.
According to the report, one driver in the market is growing demand from emerging economies. The global PE foam market is witnessing high growth in the emerging economies of the world such, as Brazil, China, Russia, Turkey, Indonesia, South Korea, Mexico, and India. Many OEMs such as automotive manufacturers are shifting their manufacturing operations to these countries due to factors such as the availability of land, cheap labor, low transportation costs, and less stringent government norms.