High Heat Foam Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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High Heat Foam Market Analysis
The global high heat foam market is estimated to witness a healthy growth, at an estimated CAGR of over 5%, over the forecast period. The major factors driving the growth of the market studied are increase in usage as alternative for metals in the automotive industry and ecological benefits boosts the high heat foam demand.
- High processing costs is likely to hinder the markets growth.
- Increasing demand for bio-based high heat foam are likely to create opportunities for the market in the coming years.
- Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
High Heat Foam Market Trends
This section covers the major market trends shaping the High Heat Foam Market according to our research experts:
Increasing Usage in the Automotive Industry
- The market for high-heat foam has considerably benefitted from the increasing usage as an alternative for metals. Hence, it is majorly used in the automotive industry.
- High heat foam is known for its tensile strength and low densities which is one of the major factors which is increasing the demand. High heat foam is usually used as a replacement for the metal sheets in the automobile industry.
- In 2019, the automotive production witnessed a decline owing to trade war pf US-China and other political reasons. This is expected to continue in the first half of 2020, owing to the weak sales in second half of 2019. However, the automotive industry is likely to recover by the end of 2020.
- In addition, the development of electric vehicles may continue to gain momentum in the upcoming years especially in Europe, China. and United States, where many government programs are promoting a move away from fossil fuels owing to the various environmental concerns.
- Owing to the above-mentioned factors, the market for high heat foams is likely to grow during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country's manufacturing sector is one of the major contributors to the country's economy.
- The Chinese aircraft industry depicted significant growth over the years. According to Boeing, China is estimated to require around 7,600 new commercial aircraft, valued at USD 1.2 trillion, over the next two decades.
- Foreign investment in China has also been extended into the aviation sector, which is projected to register a CAGR of 6%, owing to China's geographical location, which provides easy access to the industrial goods markets in the neighboring countries, as well as, other countries globally, making it a major access point for manufacturers and suppliers.
- China is the largest manufacturer of automobiles in the world. The country's automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy, and to minimize emissions (owing to the growing environmental concerns due to mounting pollution in the country).
- The production is expected to reach 30 million units by 2020, owing to the 'Made in China 2025' initiative support in upgrading the existing low-cost mass production to higher value-added advanced manufacturing. 'Automobile Mid and Long-Term Development Plan', was released in 2017, with an objective to make China a strong auto power in the next ten years.
- Due to all such factors, the market for high heat foam in the region is expected to have a steady growth during the forecast period.
High Heat Foam Industry Overview
The high heat foam market is consolidated in nature. Some of the major players in the market include Armacell, Evonik Industries AG, puren gmbh, and Wacker chemie AG, among others.
High Heat Foam Market Leaders
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Armacell
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Evonik Industries AG
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puren gmbh
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Wacker chemie AG
*Disclaimer: Major Players sorted in no particular order
High Heat Foam Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increase in Usage as a Alternative for Metals in the Automotive Industry
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4.1.2 Ecological Benefits Boosts the High Heat Foam Demand
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4.2 Restraints
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4.2.1 High Processing Costs
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4.2.2 Impact of COVID-19 Pandemic
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4.3 Industry Value-Chain Analysis
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4.4 Porters Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Silicone
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5.1.2 Polyamide
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5.1.3 Melamine
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5.1.4 Polyethylene
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5.1.5 Other Types
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5.2 End-user Industry
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5.2.1 Automotive
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5.2.2 Aerospace
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5.2.3 Railways
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5.2.4 Industrial
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5.2.5 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 ASEAN Countries
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5.3.1.6 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Armacell
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6.4.2 BASF SE
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6.4.3 Evonik Industries AG
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6.4.4 Intecfoams
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6.4.5 puren gmbh
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6.4.6 Rogers Corporation
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6.4.7 SABIC
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6.4.8 SINOYQX
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6.4.9 UBE INDUSTRIES,LTD.
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6.4.10 Wacker chemie AG
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Demand for Bio-based High Heat Foam
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High Heat Foam Industry Segmentation
The global high heat foam market report includes:
| Type | |
| Silicone | |
| Polyamide | |
| Melamine | |
| Polyethylene | |
| Other Types |
| End-user Industry | |
| Automotive | |
| Aerospace | |
| Railways | |
| Industrial | |
| Other End-user Industries |
| Geography | ||||||||
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High Heat Foam Market Research FAQs
What is the current High Heat Foam Market size?
The High Heat Foam Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in High Heat Foam Market?
Armacell, Evonik Industries AG, puren gmbh and Wacker chemie AG are the major companies operating in the High Heat Foam Market.
Which is the fastest growing region in High Heat Foam Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in High Heat Foam Market?
In 2024, the Asia Pacific accounts for the largest market share in High Heat Foam Market.
What years does this High Heat Foam Market cover?
The report covers the High Heat Foam Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High Heat Foam Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
High Heat Foam Industry Report
Statistics for the 2024 High Heat Foam market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. High Heat Foam analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
