Foam Coatings Market: Foam coatings emerged as an attractive surface finishing material
- Foam coatings are non-toxic material that are utilized to protect the coated object from outer impact or abrasion. Foam coatings provide the barrier on the foam surface which increases the impact resistance of foam. Foam coatings provide hardness, flexibility, and protection against UV radiation. Various types of foam coatings include acrylic foam coatings, polyurethane foam coatings, epoxy foam coatings, polyester foam coatings, and PVC, latex, and vinyl coatings.
- The properties of coatings further provide protection against water damage and fire damage as a few foam possess water-absorbing properties. Foam coatings are utilized in various applications in diverse end-use industries such as manufacturing, automotive, construction, aerospace, medical military, and defense.
- Foam coatings provide hard and textured finish on the outer surface of different shapes and sizes of molds. These foam coatings are suitable for hot and cold climates. Coatings provide colorful and glossy finish to foams in order to enrich the foam texture. They also enhance the appearance of several products produced by foam such as custom signage, movie theme park sets, and props, museum displays, lightweight displays, and billboards. These benefits are projected to offer significant opportunity to foam coatings market during the forecast period.
Key drivers of foam coatings market
- Increase in demand for polymer foam in various end-use industries due to high demand for lightweight and versatile foams is likely to boost the foam coatings market. The construction industry in majority countries across the globe has been witnessing rapid expansion for the last few years, which in turn is propelling the demand for polymer foam products for commercial and residential buildings across the globe. This, in turn, is projected to fuel the foams coatings market during the forecast period.
- Trends among consumers have been shifting toward green construction and building materials by using insulation products, such as polymer foams, to save energy in commercial and residential sectors. This change toward eco-friendly materials is expected to boost the demand for foam coatings during the forecast period.
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Polyurethane foam segment to offer attractive opportunities
- Based on product type, the polyurethane foam coating segment is likely to secure a dominant share of the foam coatings market during the forecast period. Countries across North America and Europe witnessed high demand for polyurethane foam for insulation products, due to the cold climate experienced in these regions. Increasing stringent regulations to adopt energy-savings materials is projected to boost the demand for foam coatings products during the forecast period.
- The acrylic foam coatings segment is expected to offer significant opportunity for the foam coatings market due to several industrial applications such as construction and buildings, automotive, aerospace, medical & healthcare, and marine. Acrylic coating is also used in the paints and coatings industry. Resins are extensively utilized in foam coatings applications, as they possess stain protection and water resistance properties. These benefits are projected to fuel the foam coatings market during the forecast period.
Key Players Operating in Market:
The global foam coatings market is fragmented in nature due to the presence of several global and domestic suppliers in the market. Few key players operating in the foam coatings market include
- Bradford Shawsheen Coating Technologies
- BASF SE
- 3M
- Ashland Inc.
- Sika AG
- OMNOVA Solutions Inc
- Plasti Dip International
- Polycoat USA
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