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The polyolefin foam market is projected to grow from USD 8.1 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 5.2% between 2021 and 2026. Growing demand from the packaging and automotive industry in APAC is likely to boost the polyolefin foam market.
Polyethylene is the fastest-growing resin segment of the polyolefin foam market.
Polyethylene is the fastest-growing resin segment, in terms of volume, between 2021 and 2026. Polyethylene-based polyolefin foam are tough, lightweight, and offer excellent resistance to weathering. These foams have applications in automotive, building and construction, packaging.
APAC is the fastest market for polyolefin foam during the forecast period.
XCEED blockchain solution deployment to begin
Faurecia, Groupe Renault, Knauf Industries, Simoldes, and Coşkunöz, in association with IBM, have signed a partnership contract for the deployment of XCEED (eXtended Compliance End-to-End Distributed), a blockchain-based shared solution to trace the compliance of thousands of parts assembled in a vehicle in almost real time. (Earlier post.)
This move follows the successful testing of the XCEED solution at Renault’s Douai plant. XCEED will be deployed to partners’ plants around Bursa in Turkey, Douai in France, and Palencia in Spain. XCEED is now open to global OEMs and suppliers, no matter the size, throughout the supply chain.
Renault is seeking supply chain transparency through blockchain technology
Working in a consortium Renault says it has developed a new blockchain solution for the European automotive industry to certify the compliance of vehicle s components from design to production.
Developed by Groupe Renault, Faurecia, Knauf Industries, Simoldes, and Coskunöz, in association with IBM, the solution – called XCEED – is now available to OEMs and automotive suppliers worldwide following a successful test at Renault s Douai facility.
It will be first implemented at partner plants around Bursa in Turkey, Douai in France and Palencia in Spain.
Groupe Renault, Faurecia, Knauf Industries, Simoldes, and Coskunöz, in association with IBM, have signed a partnership contract for the deployment of XCEED (eXtended Compliance End-to-End Distributed), a blockchain based shared solution to trace the compliance of thousands of parts assembled in a vehicle in almost real time.
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