Global High Heat Foam Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2026: Increasing growth of automotive and construction industries is one of the key factors driving the growth of Global High Heat Foam Market.
Global High heat foam market is valued at USD 10.53 Billion in 2020 and expected to reach USD 17.24 Billion by 2026 with the CAGR of 7.3% over the forecast period.
Scope of Global High Heat Foam Market Report:
High heat foam is a type of foam commonly used in insulation applications. The construction and automotive industries are the primary applications of high heat foam due to the energy saving benefits offered to buildings and automobiles. In addition, it is used as insulation in the automotive industry due to its energy saving advantages. It offers a variety of advantages such as chemical resistance, UV resistance and fire resistance which makes silicone foam, melamine foam, polyamide foam and polyethylene foam the main types in a wide variety of industries such as automotive, industrial, railway, aerospace etc. High heat foam is made from various raw materials such as melamine resin, silicon resin, polyamide resin, PE resin, pentane, methylene diphenyl disosanate (MDI), toluene disosanate (TDI), polyol and other active derivatives.
The global high heat foam market report is segmented on the basis of type, application and by regional & country level. Based on type, global high heat foam market is classified into Silicone, Polyamide, Melamine, Polyethylene and Other Types. Based on application, global high heat foam market is classified into automotive, railway, industrial, aerospace and others.
Covid-19 has shown a decline impact on the growth of the global high heat foam market owing to the decline in the automotive and construction industry globally during the pandemic worldwide. In addition, due to this situation supply chain network is also disturbed which has also impacted the market negatively.
Global High Heat Foam Market Segmentation:
The regions covered in this global high heat foam market report are North America, Europe, Asia-Pacific, and the Rest of the World. Based on the country level, the market of high heat foam is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global High Heat Foam Market Report:
Global high heat foam market report covers prominent players are like key players in the market include Puren GmbH, Intec Foams, Rogers Corporation, UBE Industries, Ltd., Wacker Chemie AG, Armacell International S.A., BASF SE, Evonik Industries, Sabic, and others.
News: Kaneka Achieved the World’s Top-Class Thermal Insulation Performance with an Extruded Polystyrene Foam Insulation
On November 6th, 2017; Kaneka Corporation developed an extruded polystyrene foam insulation 1 with the world's highest level of thermal insulation performance, having kenelite foam. Keneca focuses on thermal insulation performance and radiation and conduction between heat-transfer elements that determine the resistant heat transfer of kenelite foam a unique high-density distribution of high-insulating foaming agents. 10% increase in thermal insulation efficiency of conalite foam compared to traditional conalite foam.
Global High Heat Foam Market Dynamics:
The increasing demand for high heat foam in automotive and construction power generation, rail transportation, heavy truck, aerospace, medical, and marine manufacturing is one of the major factors driving the market growth. In recent years, the automotive industry is increasingly developing with technological advancement. Additionally, the foam is widely used because it is a versatile, flame-resistant material that is lightweight, semi-rigid yet flexible, and easy to customize. This allows manufacturers to save production time and labor costs during installation. The train operators and manufacturers are challenged by the need for even lighter, more energy-efficient, and environmentally friendly trains without compromising safety and durability. Due to this, the demand for high heat foam in trains is increasing eventually. Due to the rigid cell structure of the foam, it does not settle or fall apart over time, unlike fiberglass, and remains an effective insulator for years. For example; The Indian automobile industry is one of the driving forces of the economy, contributing about 49% to the country’s manufacturing GDP and 7.5% to its overall GDP. Furthermore, in construction, high-altitude heat foam insulation can help save significant amounts by reducing overall energy consumption. The growing demand for stable urbanization and renewal in developing countries and other redevelopment projects in developed regions is also supplementing the market growth.
However, volatile prices of the petrochemicals that are initially used during the manufacturing process of high heat foam may hamper the growth of the market. In spite of that, increasing technological advancements in this field may create more opportunities for the further growth of the market.
The Asia Pacific is Expected to Witness a Fastest growth in the Global High Heat Foam Market
The Asia Pacific is expected to witness a fastest growth in the global high heat foam market owing to increasing automotive and construction power generation, rail transportation, heavy truck manufacturing in this region. The Asia Pacific has several developing countries which are stepping foot forward towards the increase of their economic growth due to this the industrial sector is rapidly growing eventually. Additionally, China has the second-largest automotive sector in the world, and the country has taking initiative into electronic vehicles. For example, Sales of electric cars topped 2.1 million globally in 2019, surpassing 2018. Another example is India is exponentially growing the construction industry due to Population growth, urbanization, industrialization, and rise in disposable income.
Key Benefits for Global High Heat Foam Market Report:
High heat foam Market By Regional & Country Level:
Middle East and Africa
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