High Heat Foam Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1720
High Heat Foam Market size is expected to witness dynamic growth owing to its excellent insulation property and energy efficiency. Increasing manufacturer’s preference in automotive industry will drive industry growth. In automobiles, foam insulation helps in reducing the amount of heat entering and leaving car interior. This eliminates need for heating & cooling to generate or lose more heat, respectively. Other drivers include growing responsiveness and ecological benefits of high heat foam insulation.
Growing construction industry is projected to provide significant growth to high heat foam market. It helps in increasing substantial amounts of savings by diminishing the total energy utilization. Increasing urbanization in emerging economies and continuous transformation & redevelopment projects in developed nations is likely to remain the major key indicator for the industry.
Government regulations on saving and cutting down energy costs in construction and automotive industries will further support the industry growth. Utilizing this product in automotive sector will increase the vehicle’s efficiency and lower the pollution level, thus propelling industry size. However, instability in prices of petrochemicals, used in manufacturing of these products may restrain high heat foam market growth.
The product is available in several types which include silicone, polyimide, melamine and polyethylene. It exhibits excellent characteristics including, low specific weight, less resin & water absorption, non-decomposable and good chemical resistance. Silicone is the fastest growing segment as it provides fire resistance and prevent the spread of fire & smoke between the rooms. Melamine followed silicone holds major industry share owing to its superior sound absorption and thermal insulating properties, which are significantly used in locomotive and aerospace industries. Polyimide market will foresee significant growth due to its excellent properties which include, light weight, eco-friendly and good temperature resistance.
High heat foam is used in various industries including, railway, aerospace, industrial and automotive. Automotive application has witnessed tremendous growth owing to its energy saving benefits and prevents the heat from reaching to the heat-sensitive modules that are produced from internal combustion engines. Further, high performance cars extensively use high heat foam in their interiors to enhance engine’s performance. Industrial application is expected to drive the industry due to rapid industrialization and urbanization in developing countries coupled with steady renovation projects in developed nations.
North America high heat foam market is anticipated to witness a moderate growth owing to increasing demand for material handling equipment, land & labour and growth of automotive and construction industry. Rising awareness regarding environmental benefits and energy savings in using these products will further fuel high heat foam market growth.
Europe holds the largest industry share for high heat foam market owing to growing transportation, construction and aerospace industries in the region. Steady renovation projects in construction industry in this region will have a positive impact on the growth of high heat foam market. Also, escalating government interventions on using eco-friendly products will support industry growth.
Asia Pacific is the fastest growing region for high heat foam market owing to its improving economic conditions and increase in manufacturing companies. Other key factors for stimulating the product market are cheap land & labour, increasing foreign direct investment & demand for these products and global change in production capacity from emerged countries to emerging nations are key factors fostering the high heat foam market in the region.
Several leading industry players who have marked their presence across the globe in high heat foam market are Intec, Sabic, BASF SE, UBE Industries, Armacell International, Sinourx, Evonik Industries, Puren, Rogers Corporation and Wacker Chemie AG.
Various competitors are adopting new strategies like new product development and mergers & acquisition to increase the industry penetration. In February 2017, Armacell announced the opening of a new Polyethylene Terephthalate (PET) foam production line in China due to continuous demand of its product named “ArmaFORM” from composite manufacturing industry. Also, the new facility will help the company to meet the increasing demand for lightweight composites in China.
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