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.
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.
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. 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.
Browse full research report on High Heat Foam Market: http://www.grandviewresearch.com/industry-analysis/high-heat-foam-market
Further key findings from the report suggest:
- The
global High Heat Foam Market demand was 1,442.6 kilo tons in 2015 and is
expected to reach 2,206.3 kilo tons by 2024, growing at a CAGR of 5.0%
from 2016 to 2024
- Silicone
was the leading product segment and accounted for 35.1% of total demand in
2015. Growing demand for these products in the industrial sector is
expected to drive this segment over the forecast period.
- Melamine
is projected to grow at a CAGR of 7.4% from 2016 to 2024. The high growth
may be attributed to rising use in aerospace sector owing to various to
benefits such as excellent thermal insulation.
- Asia
Pacific was the leading consumer and accounted for 45.5% of global volume
in 2015 owing to growing automotive and construction industry in the
region. It is also expected to witness the highest growth of 5.6% over the
forecast period.
- 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.
Grand View Research has segmented the High Heat Foam Market
on the basis of product, application and region:
Global High Heat Foams Product Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
- Silicone
- Polyimide
- Melamine
- Polyethylene
- Others
Global High Heat Foams Application Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
- Automotive
- Locomotive
- Industrial
- Aerospace
- Others
Global High Heat Foams Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2014 - 2024)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Asia
Pacific
- China
- India
- Central
& South America
- Middle
East & Africa
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-high-heat-foam-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
No comments:
Post a Comment