Global engineered foam market is expected to be driven by increasing investments in space research activities in next 10 years

The global engineered foam market revenue is expected to register a moderate CAGR over the forecast period. Increasing demand for engineered foam from various end use industries is expected to boost growth of the target market over the forecast period. The global engineered foam market report has been segmented on the basis of form, material type, application, and region.

Based on material type, the global engineered foam market is segmented based on polyurethane, polystyrene, polyvinyl chloride, and polyolefin. The polyurethane segment is expected to account for significant revenue share of the market and is expected to register a CAGR of XX.X% over the forecast period.

Based on application, the target market is segmented based on aerospace & defense, medical & healthcare, transportation, manufacturing & construction, and others. The aerospace & defense segment is expected to account for major revenue share of the market over the forecast period.

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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Asia Pacific contributes for significant market share in terms of revenue in global engineered foam market and is expected to maintain its dominance over the forecast period. In addition, market in Asia Pacific is expected to register highest growth rate over the forecast period. Increasing demand for engineered foam in countries such as the China, Japan, and India owing to rapidly growing end use industries is major factor expected to drive growth of market in the region over the forecast period. Market in North America register a second highest CAGR of XX.X% over the forecast period.

Some prominent players in the global engineered foam market are BASF SE, The DOW Chemical Company, Bayer AG, Sekisui Chemical Co., Ltd., Foamcraft, Inc., Trelleborg AB, Inoac Corporation, Recticel NV/Sa, Vita (Lux Iii) S.A.R., and Armacell GmbH.s

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