Polyurethane flexible foam market to gain sizable momentum by 2025, APAC to emerge as a prominent revenue pocket

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Highlighting the rapid developments across the global flexible foam market, it would be pivotal to state the mention the Germany-based global leader in flexible foams, Armacell. Apparently, the firm has recently opened its new manufacturing facility in Bahrain. According to news reports, the facility has an annual operational capacity of 60,000-cu m of technical insulation foam, in turn providing a wide range of insulation solution for the domestic market including elastomeric insulation & high-density materials for HVAC (heating, ventilation, and air conditioning) systems. Industry analysts deem that Armacell’s move to open flexible foam manufacturing facility will not only cater to the strong product demand in the Gulf region, but will also strengthen its foothold in the global flexible foam industry space.

Asia Pacific flexible foam market, By Type, 2018 & 2025, (Million Tons)
 Asia Pacific flexible foam market, By Type, 2018 & 2025, (Million Tons)

This German company, however, is not the only major flexible foam industry player that’s seizing the growing product demand from myriad applications including packaging, construction, furniture & upholstery, bedding, pillows, carpet cushion, mattresses, consumer goods, and automotive interiors.  FRX Polymers Inc., recently for instance has introduced its Nofia non-halogenated polyphosphonates that will be used in UL 94 V-0 high-temp polyurethane flexible foams used in the transportation & electronic industries. For the record, Nofia phosphonate oligomers act as a flame retardant & heat stabilizer in polyurethane flexible foam products and retain mechanical performance.

A statement by FRX claims that the Nofia FR enabled the fire retardant polyurethane foam to conveniently handle higher temperatures – with respect to both, the continuous use temperature and peak temperature. FRX’s launch of Nofia is an apt instance validating the significance of polyurethane as a vital type of flexible foam. The material apparently, is characterized by outstanding features such as light weight, lower installation time, enhanced resiliency, improved cushioning, lightweight, increased shelf life, and durability.

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Elaborating on the extensive deployment of polyurethane for introducing light weightiness in vehicles, it would be prudent to mention that high-density polyurethane foam components can be effectively coated to seem like the original product, and can be manufactured with a closed-cell structure that boasts of being water-tight. Ergo, the component is not susceptible to rotting, delaminating from water intrusion, or warping. PU foam is also equipped with exceptional self-skinning properties, making the product ready for painting or coating. This has consequently increased the deployment of PU foams in myriad automotive and aerospace applications, thereby driving the PU flexible foam market share.

Powered by its excellent characteristics, polyurethane foam is widely used across a spate of industry verticals. As a matter of fact, polyurethane dominated the overall flexible foam market in 2018, with a share of over 60% of the demand. Driven by its innumerable applications in lightweight automotive parts, as thermal insulation products in buildings, in automotive interior components, and as cushioning in beddings, upholstery, etc., polyurethane-based flexible foam industry is slated to traverse alongside a highly profitable growth path in the years ahead.

Speaking of the regional spectrum of flexible foam market, the APAC undeniably, has emerged as a forerunner, a feat that can be credited to the expanding automotive and consumer goods industries in the region. As a matter of fact, the continent boasts of increased expenditure on luxurious consumer goods coupled, thereby fueling the demand for memory foams in mattresses and beddings. The region’s construction industry has also been undergoing a robust expansion of sorts, that has considerably increased the demand for flexible foams in the continent.

Powered by the expanding hospitality industry, specifically across the South-East Asian nations of Thailand, Singapore, Malaysia, Vietnam, and Indonesia, on account of supportive FDI policies, APAC flexible foam market share is anticipated to depict a commendable rise in the years ahead. Indeed, as per estimates, Asia Pacific led the overall flexible foam market share in 2018, accounting for more than 30% of the demand.

As the demand for flexible foams exhibit an incline across a slew of prominent industry verticals, the global flexible foam market is anticipated to gain quite some traction in the years ahead. The industry is also characterized by the launch of highly innovative products by numerous industry contenders. Say for instance, Deacom, Inc., the popular developer of a comprehensive ERP solution, recently concluded an implementation for an innovative PU foam chemical technology manufacturer, Foam Supplies, Inc., with Ecomate®, its patented blowing agent. The new system is expected to provide the technology foundation to manage Foam’s production operations. Aided by a ferocious competitive spectrum and a widespread application landscape, the global flexible foam industry size is set to be pegged at USD 65 billion by 2025.

Author NameSaipriya Iyer

Solar PV backsheet market to witness substantial gains over 2017-2024, driven by the growing adoption of off-grid energies

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The surging demand for solar-powered systems across the globe has generated lucrative opportunities for solar PV backsheet market giants. In order to consolidate their presence across the competitive landscape, well-known players partaking in solar PV backsheet industry share have been adopting various business strategies such as joint ventures and M&As. For instance, DuPont, one of the very reputed solar PV material providers, has recently signed a deal with the Saudi Arabia based solar panel manufacturer, Desert Technologies, in order to capture more revenue from MEA, driven by the growing demand for photovoltaic systems across the region. Through this agreement, Desert Technologies will reportedly implement Dupont’s backsheets in its solar panels and projects. In addition, both the companies plan to improvise on the research and development activities in future to facilitate the production of reliable solar panels, which will significantly boost solar PV backsheet industry size. Besides, it is prudent to note that the Dutch-based company, DSM has also recently acquired the Chinese manufacturer of PV backsheets, Suzhou SunShine New Materials Technology to improve its product portfolio in solar systems. With this strategic acquisition, DSM seems to be looking forward to firmly establish its position in China solar PV backsheet market over the years ahead.

Europe Solar PV Backsheet Market, By Product, 2016 & 2024 (Million Square Foot)
Europe Solar PV Backsheet Market, By Product, 2016 & 2024 (Million Square Foot)

In order to reduce the wastage of renewable energy sources and encourage the masses to use non-fossil fuel based power, the Chinese government plans to enhance its power transmission capacity by reducing the nation’s dependency on coal. According to the IEA (International Energy Agency), in 2016, China installed solar-powered systems of a capacity more than 34 GW, which was nearly half of the installed capacity across the globe. China plans to substantially boost the solar system installation capacity over the years ahead, which is certain to have a positive impact on solar PV backsheet industry share. In addition, recently China signed an energy deal with Canada, through which the country intends to promote the benefits of renewable energy sources such as solar and wind power. Considering how proactive the nation seems to be with regards to energy and innovation policies, experts predict China solar PV backsheet industry share to soar higher in the years ahead.

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Apart from business expansion, majority of the players in solar PV backsheet market have been observed to be focusing on the improvement of the material properties of PV backsheets. Bearing in mind the downsides of backsheets such as delamination, cracking, and yellowing, researchers have been trying to improve the mechanical properties of materials. For instance, 3M has invested heavily to develop new PV backsheets endowed with the properties of reliability and long-term performance. The increasing involvement of biggies in new material development is thus slated to propel solar PV backsheet market outlook in the years ahead. Furthermore, the ongoing R&D activities and the growing advancements in the product landscape will generate lucrative opportunities for players in solar PV backsheet industry, thereby impelling its revenue graph by 2024.

Most of the countries have been involved in implementing numerous programs to increase the dependency on off-grid energy for commercial as well as industrial applications. Currently, solar energy has been emerging as one of the most reliable and environment-friendly options for many countries to fulfill their energy requirement. In accordance, most of the entrepreneurs and small-scale companies have also been making vigorous investments to manufacture solar PV backsheets, owing to its increasing demand for solar-powered systems. This would consequently have a massive impact on the overall solar PV backsheet market size, which according to Global Market Insights, Inc., would surpass more than USD 2.3 billion by 2024.

Author Name : Sunil Hebbalkar