High Heat Foam Market

Industry Insights-

• The Global High Heat Foam Market was valued at USD 10.53 Billion in 2020
• It is anticipated to reach USD 17.24 Billion by 2026
• A CAGR of 7.3% is anticipated over the forecast period

Overview-

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.

Covid-19 Impact-

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.

Key Players-

Some of the key players for global high heat foam market are-

• Puren GmbH
• Intec Foams
• Rogers Corporation
• UBE Industries Ltd.
• Wacker Chemie AG
• Armacell International S.A.
• BASF SE
• Evonik Industries
• Sabic
• Sinoyqx
• Rath Group
• Morgan Advanced Materials
• Luyang Energy Savings Materials Co. Ltd.
• Knauf Insulation
• others

Segmentation Analysis-

By Type

• Silicone
• Polyamide
• Melamine
• Polyethylene
• Other Types

Silicone is expected to remain the leading product segment in terms of growth, due to its use in North America for fire resistance and smoke containment. High heat silicone foams are employed to stop the spread of fire and smoke between rooms, leading to their high demand in the region.

The use of melamine high-heat foams is expected to increase in various applications due to their high thermal insulation and sound absorption capabilities, as well as their lightweight nature. Applications that are likely to benefit from these foams include aerospace and locomotive, where weight restrictions are of paramount importance.

The Polyimide High Heat Foam market is projected to experience considerable growth in the coming years, driven by its superior fire resistance, lightweight, and environmental friendliness. These benefits are expected to fuel the market's expansion over the forecast period. Additionally, technological advancements, a rising number of applications, and increasing demand from various industries will further propel market growth.

By Application

• Automotive
• Railway
• Industrial
• Aerospace
• Others

The demand for high heat foam in the automotive sector is expected to surge in the coming years due to the increasing need for energy efficiency and the need for better insulation. As the need for high-performance cars rises, the demand for high heat foam will also increase.

Moreover, the growing trend of electric and hybrid vehicles has also opened up new avenues for high heat foam manufacturers, as these vehicles require better heat insulation. Furthermore, the introduction of new emission standards and government regulations has also boosted the demand for high heat foam in the automotive sector.

The rising demand for high-temperature foam in the industrial application segment is driven by its excellent thermal insulation and cushioning properties. Moreover, the foam's lightweight, non-flammable, and flame-retardant characteristics make it suitable for use in various applications such as automotive, HVAC, and aerospace. Furthermore, its cost-effectiveness and recyclability have resulted in its widespread use in various industries.

In conclusion, the demand for high-temperature foam in the industrial application segment is expected to remain high in the foreseeable future due to its numerous advantages and growing demand in the construction and automotive sectors.

By Regional & Country Level:

• North America

  • U.S.
  • Canada

• Europe

  • U.K.
  • France
  • Germany
  • Italy

• Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

• Latin America

  • Brazil
  • Mexico

• Middle East and Africa

  • GCC
  • Africa
  • Rest of Middle East and Africa

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.

Market Drivers-

Increasing use of foam in automotive industry

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.

Market Opportunities-

Increasing technological advancements in this field may create more opportunities

The growing awareness of environmental benefits associated with the use of heat foam insulation and the reduction of energy wastage from industries is expected to drive the market growth over the forecast period. Furthermore, the rising demand for high-heat bio-based foam is anticipated to create opportunities for the industry in the coming years.

Recent Developments-

• 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.

Report Analysis	Details
Historical data	2016 - 2021
Forecast Period	2022 - 2029
Market Size in 2020:	USD 10.53 Billion
Base year considered	2021
Forecast Period CAGR %:	7.3%
Market Size Expected in 2026:	USD 17.24 Billion
Tables, Charts & Figures:	175
Pages	300
Companies	Puren GmbH, Intec Foams, Rogers Corporation, UBE Industries, Ltd., Wacker Chemie AG, Armacell International S.A., BASF SE, Evonik Industries, Sabic, Sinoyqx, Rath Group, Morgan Advanced Materials, Luyang Energy Savings Materials Co. Ltd., Knauf Insulation, others.
Segments Covered	By Type, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa