Polyethylene (PE) Foams Market to Reach $4.5 Billion by 2025: Medical Is the Fastest-Growing Application Segment
August 18, 2021 at 22:15 PM EDT
Northbrook, IL -- (SBWIRE) -- 08/18/2021 -- The report "Polyethylene (PE) Foams Market by Type (Non-XLPE and XLPE), by Density (LDPE,HDPE), by End-Use Application (Protective Packaging, Automotive, Building & Construction, Footwear, Sports & Recreational, Medical), and Region - Global Forecast to 2025", size will grow to USD 4.5 billion by 2025 from USD 3.3 billion in 2020, at a CAGR of 6.1% during the 2020-2025 period. The market is driven by increasing demand from packaging, automotive, and building & construction industries. Growing awareness about high-quality products and demand from APAC, the Middle East & Africa, and South American countries are also driving the market. The emerging economies, such as India, China, Brazil, Southeast Asia, and Mexico, are expected to be the most lucrative destinations for polyethylene foams market.