Market Overview:
The global technical foam market size reached US$ 32.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 48.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 32.6 Billion |
Market Forecast in 2032
|
US$ 48.5 Billion |
Market Growth Rate (2024-2032) |
4.4% |
Technical foam relies on rubber and polymer blends developed for different industrial and commercial applications, such as filtering, sealing and sound insulation. It is lightweight, durable, robust, mildew resistant, and skin-friendly and offers resistance against heat. As a result, it is employed in the electronics, aviation, marine, and packaging industries. At present, there is a significant increase in the investments made by homeowners to maintain their floors, roofs, and walls, which is catalyzing the demand for technical foam across the globe.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Technical Foam Market Trends:
Rising building and construction activities represent one of the key factors positively influencing the market. Moreover, technical foam is extensively utilized in the automotive industry as it helps reduce the weight of insulation and improve the fuel efficiency of vehicles. It is also used in electric vehicles (EVs) for foam compression and providing protection against shock and rattling in battery components. Moreover, technical foam comprises polyurethane (PU) foam, which has high mechanical strength and low density, heat conduction coefficient, and water absorption properties. As a result, it is employed in catheters, general-purpose tubing, surgical drapes, hospital bedding, wound dressings, and short-term implants in the healthcare industry. In addition, PU foam finds applications as a cushioning material for gymnastics, martial arts, judo, wrestling, and agility mats in schools, sports halls, and leisure and climbing centers. Apart from this, key players are introducing bio-based product variants that are made using renewable resources. This, coupled with rising technological advancements, is fueling the growth of the market. Other factors, including rapid industrialization and the growing requirement for acoustic solutions to tackle noise pollution, are anticipated to create a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global technical foam market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product form, material and end use industry.
Breakup by Product Form:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Breakup by Material:
- Elastomeric
- Polyurethane
- Polyethylene
- Others
Breakup by End Use Industry:
- Automotive and Transportation
- Electrical and Electronics
- Building and Construction
- Medical
- Sporting Equipment
- Packaging
- Others
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Armacell, BASF SE, Covestro AG, Dow Inc., Huntsman Corporation, Kaneka Corporation, Recticel, Saudi Basic Industries Corporation (Saudi Aramco), Sealed Air Corporation, Sekisui Chemical Co. Ltd., Woodbridge and Zotefoams Plc.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Product Form, Material, End Use Industry, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Armacell, BASF SE, Covestro AG, Dow Inc., Huntsman Corporation, Kaneka Corporation, Recticel, Saudi Basic Industries Corporation (Saudi Aramco), Sealed Air Corporation, Sekisui Chemical Co. Ltd., Woodbridge and Zotefoams Plc |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |