The market size of high heat foam is estimated to reach USD 11.37 Billion by 2021, at a CAGR of 8.2%, driven by energy efficiency and insulating properties.
The market growth is attributed to the increasing demand from developing countries coupled with growing manufacturer's preference in automotive and industrial applications. The demand for high heat foam from the industrial and automotive application is notable in key countries such as China, India, and Brazil at global level.
Emerging technologies are likely to fuel the growth of the foams market in future. Among all regions considered, Asia-Pacific and RoW are estimated to witness high growth in the next five years. In addition, the demand across these regions is reinforced by the emerging markets, namely, China, Brazil, and India.
Asia-Pacific was the largest market for high heat foams, in terms of value and volume, in 2015. The region is also expected to witness high growth rate in the high heat foam market, between 2016 and 2021. Rising investments by foreign companies; growing production facilities; strong industrial base for construction, packaging, and automotive sectors; and rise in standard of living are the other major factors contributing to the growth of the high heat foam market in this region. The growing demand for energy-efficient, good insulator, and recyclable foam in automotive, railway, industrial, aerospace, and others has led to the growth of the high heat foam market in this region.
Price and availability of raw materials are key factors for foam manufacturers for determining the cost structure of their products. Raw materials used by the foam industry include resins, inorganic chemicals, and refined petroleum products. Most of these raw materials are petroleum-based derivatives and are vulnerable to fluctuations in commodity prices, thus hindering the growth of the market.
- Armacell International S.A.
- BASF SE
- Evonik Industries
- Intec Foams
- Puren Gmbh
- Rogers Corporation
- UBE Industries, Ltd.
- Wacker Chemie AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 High Heat Foam Market, By Type
8 High Heat Foam Market, By Application
9 High Heat Foam Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/h5h89g/high_heat_foam
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SOURCE Research and Markets