Market Overview :
The latest research study “Technical Foam Industry: Global Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global technical foam market reached a value of US$ 29.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 40.4 Billion by 2027, exhibiting a CAGR of 5.20% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/technical-foam-market/requestsample
Technical foams are a type of specialty foam manufactured using rubber and polymer blends for various industrial and commercial applications. They have low density and good mechanical strength, durability, lightweight, skin-friendliness, and versatility. They also provide excellent heat, mildew and fire resistance, protection against shock and vibrations, cushioning, noise dampening, water absorption, and thermal insulation properties. They are widely used for packaging, sound insulation, cleaning, filtering, and sealing purposes. As a result, technical foams find extensive applications across numerous industries, including automotive, construction, marine, electronics, aviation, and packaging.
Technical Foam Market Trends and Drivers:
The global technical foam market is primarily driven by the growing product demand from the automotive sector to reduce the insulation weight and enhance the fuel efficiency of vehicles. Additionally, technical polyurethane (PU) foams are extensively used in catheters, general-purpose tubing, surgical drapes, hospital bedding, wound dressings, and short-term implants across the healthcare industry.
In line with this, the widespread product adoption as cushioning material for gymnastics, martial arts, judo, wrestling, and agility mats has augmented the demand for technical foams. Furthermore, the development of bio-based technical foams produced using renewable resources has catalyzed the market growth.
Other factors, including the rising popularity of foam-based electronics packaging, surging production of electric vehicles (EVs), increasing construction activities, escalating demand for acoustic solutions to tackle noise pollution, and technological advancements, are also anticipated to propel the market growth.
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://bit.ly/3j9Tq9b
|Technical Foam Market Report Scope|
|Market size value in 2021||US$ 29.3 Billion|
|Market forecast in 2027||US$ 40.4 Billion|
|Growth Rate||CAGR of 5.20% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||product form, material and end use industry|
|Regional scope||North America, Europe, Asia-Pacific, Europe, Latin America, Middle East and Africa|
|Key companies profiled||Armacell, BASF SE, Covestro AG, Dow Inc., Huntsman Corporation, Kaneka Corporation, Recticel, Saudi Basic Industries Corporation (Saudi Aramco), Sealed Air Corporation, Sekisui Chemical Co. Ltd., Woodbridge and Zotefoams Plc.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Global Technical Foam Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these major key players include:
- BASF SE,
- Covestro AG,
- Dow Inc.,
- Huntsman Corporation,
- Kaneka Corporation,
- Saudi Basic Industries Corporation (Saudi Aramco),
- Sealed Air Corporation,
- Sekisui Chemical Co. Ltd.,
- Zotefoams Plc.
Inquire Before Buying : https://www.imarcgroup.com/request?type=report&id=5186&flag=F
The report has segmented the market on the basis of region, product form, material and end use industry.
Breakup by Product Form:
Breakup by Material:
Breakup by End Use Industry:
- Automotive and Transportation
- Electrical and Electronics
- Building and Construction
- Sporting Equipment
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800