Press release
Rising Scope of High Heat Foam Application in Automotive Industry to Attract New Investments
High heat foam are insulation materials that are capable of capturing heat and preventing its dissipation into the environment. Rising focus on sustainability and environment conservation has led to the increased adoption of high heat foam across industry verticals. Prominently, the construction and automotive industries are exhibiting high demand for high heat foam due to their excellent fire-resistant and heat-resistant properties.
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Why is Heat-Resistant Silicone Foam So Popular?
"Excellent Fire-resistant Properties Driving Demand for Silicone Foam"
High temperature silicone foam is anticipated to witness the highest demand among any other foam type owing to its excellent fire-resistant properties. High heat silicone foam is anticipated to see high adoption in the construction industry as it prevents the spread of smoke and fire across rooms, and thereby improves the safety of the overall structure.
Silicone high heat foam is anticipated to witness an increase in demand at a CAGR of 9.3% throughout the forecast period and account for a major market share of 30.5% by the end of 2032.
Based on type, the high heat foam market is segmented into silicone, polyamide, melamine, polyethylene, and other types. Shipments of high heat polyamide foam currently account for a value of US$ 2.76 billion in 2022 and are projected to increase at a CAGR of 9.4% throughout the forecast period.
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Key Segments Covered in the High Heat Foam Industry Survey
High Heat Foam Market by Type :
High Heat Silicone Foam
High Heat Polyamide Foam
High Heat Melamine Foam
High Heat Polyethylene Foam
Other Types
High Heat Foam Market by Application :
Automotive
Railways
Industrial
Aerospace
Other Applications
High Heat Foam Market by Region :
North America
Latin America
Europe
APAC
MEA
Competitive Landscape
Key high heat foam manufacturers are anticipated to maintain their dominant market shares and keep the market in a consolidated state.
New entrants are expected to have a hard time cracking the market as established players have already created a prominent market presence. However, innovative products and strategies could be used by new entrants to penetrate the market successfully and gain a significant market share.
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Key players in the High Heat Foam Market
BASF SE
Intec Foams
Sabic
UBE Industries Ltd.
Sinoyqx
Armacell International S.A.
AG Industries
Puren Gmbh
Wacker Chemie AG
Rogers Corporation
Key Takeaways from High Heat Foam Market Study
The high heat foam market stands at a valuation of US$ 10.77 billion.
Worldwide shipments of high heat foam are predicted to increase at a CAGR of 8.1% from 2022 to 2032.
The high heat foam market is projected to reach US$ 23.26 billion by the end of 2032.
Increasing focus on sustainability, rising use in automotive and construction industries, and increasing demand for insulation are factors that will drive high heat foam demand growth.
Volatility in petrochemical pricing is anticipated to have a constraining effect on overall market growth.
The North America high heat foam market currently accounts for a major market share of 31.2% and is estimated to progress at a CAGR of 8.6% through 2032.
The market for high heat foam in Japan stands at US$ 485.9 million.
Demand for polyamide high heat foam is expected to expand at a CAGR of 9.4% through 2032.
The use of high heat foam in automotive applications is anticipated to account for US$ 7.69 billion by 2032.
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