Latest Trends in the High Heat Foam Market with Topmost Players by 2024

Rising demand for high heat foams in automotive and aerospace industries is anticipated to drive the market over the forecast period. Growing automotive industry coupled with rising need for lightweight vehicles is expected to fuel industry growth over the forecast period. Need for fuel-efficient vehicles along with government regulations regarding automotive pollution is expected to further drive the market in near future.

The Global High Heat Foam Market is expected to reach USD 13.89 billion by 2024, according to a new report by Grand View Research, Inc.

Growing aerospace industry is anticipated to fuel high heat foams demand over the forecast period. The surge in demand for high heat foams in sports and leisure applications, especially in the Asia Pacific, is also expected to impel high heat foams demand over the next eight years.

Automotive was the leading consumer and accounted for 32.5% of global demand in 2015. Increasing automotive production in China, India, Thailand, and Indonesia is expected to drive this segment over the forecast period. Aerospace also contributed significantly towards the overall market share in terms of revenue.

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This can be attributed to the high cost of aerospace grade high heat foams than that of other grades available in the market. Growth in the commercial aviation segment is expected to fuel high heat foams demand over the next eight years.

Top Players of High Heat Foam Market:

Major companies operating in the global high heat foams industry include Intec Foams, BASF SE, Sabic, Sinoyqx, UBE Industries, Ltd., Armacell International S.A., Puren Gmbh, Evonik Industries, Wacker Chemie AG, and Rogers Corporation.

Market Segmentation of High Heat Foam Market:

The Global High Heat Foam Market segmented on the basis of Product, Application and Region.

By Product:

    Silicone
    Polyimide
    Melamine
    Polyethylene

By Application:

    Automotive
    Locomotive
    Industrial
    Aerospace

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about High Heat Foam Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3042

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