Global High Heat Foam Market Share Is Expected To Grow At A CAGR Of 8.5% By 2028

12-Sep-2022 | Facts and Factors

According to Facts and Factors, the global high heat foam market size was worth around USD 11.5 billion in 2021 and is predicted to grow to around USD 20.3 billion by 2028 with a compound annual growth rate (CAGR) of roughly 8.5% between 2022 and 2028.

Due to its ability to save energy, high heat foam is widely used as insulation in the automotive industry. It has several benefits, such as chemical resistance, UV resistance, and fire resistance, and as a result, it finds employment in a variety of end-use industries, such as the automotive, industrial, railway, and aerospace sectors.

Browse the full “High Heat Foam Market Size, Share, Growth Analysis Report By Type (Silicone, Polyimide, Melamine, Polyethylene, and Others), By Application (Automotive, Railway, Industrial, Aerospace, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/high-heat-foam-market

The global high heat foam market is anticipated to increase as a result of numerous advantages provided by high heat foam that reduce energy waste. In addition, the target market is anticipated to increase at a faster rate than average throughout the forecast period due to rising demand for high heat foam from many end-use industries as well as the quickly expanding automotive and aerospace businesses. Additionally, rising public and private investments in the use of technologically advanced products along with rising consumer awareness of the use of environmentally friendly and energy-efficient products are expected to support market growth for high heat foam globally over the forecast period. However, a significant factor that is anticipated to restrain the growth of the global high heat foam market over the forecast period is the high cost of high heat foam. Another factor that is anticipated to restrain market expansion over the forecast period is high processing costs.

The global high heat foam market is segmented based on type, application, and region.

The global market is divided into silicone, polyimide, melamine, polyethylene, and other types based on type. During the projection period, the silicone segment is anticipated to maintain its dominance, as it did in 2021. When compared to other materials like polyimide, polyethylene, melamine, and others, the segment growth is due to features like heat resistance and thermal stability. Silicone foams are toxin-free, in contrast to polyurethane, which is vulnerable to toxicity during heat decomposition. Silicone-based foams are increasingly being used for insulation across a wide range of industries, which increases demand and market opportunities.

The global market is divided into automotive, railway, industrial, aerospace, and other segments based on application. Over the projection period, the automotive category is anticipated to have a sizable market share. In the automotive industry, high heat foams are widely used for a variety of purposes, such as the replacement of metal sheets and acoustic & thermal insulation. The automotive industry is growing rapidly as a consequence of new technological developments, a rise in demand for passenger automobiles, and the growth of OEMs and the aftermarket.

The global high heat foam market dominance is predicted to come from the Asia-Pacific region. China is the largest economy in the region in terms of GDP. Consequently, China is one of the largest production hubs in the world and one of the fastest-growing rising economies. One of the key contributions to the nation's economy is the manufacturing sector. Over the years, the Chinese aviation sector showed remarkable expansion. Boeing estimates that during the next two decades, China would need 7,600 new commercial aircraft, valued at USD 1.2 trillion. Moreover, China is the world's biggest producer of automobiles. The nation's automobile industry has been preparing for product development, focusing on making goods to assure fuel economy and reduce emissions. For instance, the "Made in China 2025" initiative's support for converting the current low-cost mass production to higher value-added sophisticated manufacturing, production is anticipated to reach 30 million units by 2020. In 2017, the "Automobile Mid and Long-Term Development Plan" was unveiled, to make China a significant auto power in the following ten years.

The North American region is expected to grow at a fast pace during the forecast period. The growth in the region is attributed to the significant uses of high heat foam in various applications including industrial and aerospace.

Report Scope

The global high heat foam market is dominated by players like BASF SE, Intec Foams, Sabic, UBE Industries, Ltd., Sinoyqx, Armacell International S.A., Evonik Industries, Puren Gmbh, Wacker Chemie AG, and Rogers Corporation.

Recent Developments:

• In October 2021, Boyd Corporation, a global leader in the development of engineered materials and thermal management solutions, recently announced the acquisition of Siltec, a company situated in Weiler, Germany that specializes in silicone compounding for specialized products in the highly regulated medical sector. Boyd's material science portfolio is widened and diversified with the acquisition, and its presence in Europe is further increased.
• In January 2022, SpiderPlus & Co. Ltd. was purchased by Armacell, a top supplier of flexible foam for insulation. The acquisition improved the position of thermal insulation and provided applications in HVAC and building.

The global high heat foam market is segmented as follows:

By Type

• Silicone
• Polyimide
• Melamine
• Polyethylene
• Others

By Application

• Automotive
• Railway
• Industrial
• Aerospace
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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