Press release
Major Growth Driver Identified in 2025 Technical Foam Market: Surge In Automobile Demand Accelerates Technical Foam Market Growth
Technical Foam
Technical Foam Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the technical foam market has seen robust growth. The market size is projected to expand from $36.46 billion in 2024 to $39.07 billion in 2025, representing a compound annual growth rate (CAGR) of 7.2%. Factors such as growth in the construction industry, usage in electronics and gadgets, consumption in the aerospace industry, consumer goods, and advancements in manufacturing are attributable to the historic growth.
Technical Foam Market Size Forecast: What's the Projected Valuation by 2029?
The market size of technical foam is predicted to experience significant expansion in the coming years, rising to $53.31 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The projected growth within this period can be traced back to factors such as customization and personalization, effective supply chain management, usage of recyclable materials, research and development investments, and needs driven by urban expansion and infrastructure development. The forecast period will also see a trend in material science innovation, technological growth, and partnerships.
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What Are the Drivers Transforming the Technical Foam Market?
The technical foam market is set to grow, driven by the surging demand for cars. A car is a passenger vehicle equipped with four-wheel drive and runs on either petrol or diesel through an internal-combustion engine. This type of foam is beneficial for shock absorption and noise regulation and is implemented in car components like windscreens, dashboard, door interiors, and headliners. Consequently, the rise in car demand amplifies the need for the technical foam market. For instance, GOV.UK, a government department in the UK, revealed in May 2024 that by the end of December 2023, there were 41.2 million registered vehicles in the UK, a 1% increase from December 2022. The number of licensed zero-emission vehicles was 1,015,000, representing a 47% increase, out of which 931,000 were zero-emission cars, a 48% rise. Hence, the mounting demand for cars stimulates the expansion of the technical foam market.
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What Long-Term Trends Will Define the Future of the Technical Foam Market?
Prominent players in the technical foam market are concentrating on the development of novel solutions like water foam technology. This innovative technology aims to bolster performance, diminish the ecological footprint, and cater to the ever-changing necessities of diverse industries. Water foam technology involves the process of creating foam utilizing water as the fundamental element, thereby curtailing the employment of destructive chemicals and solvents. For instance, in July 2023, CET Group Co., Ltd., a company based in China and part of the OA industry, introduced a revolutionary water foam technology for lower fuser rollers. This fresh technology boasts a sponge-like structure with a finer molecular makeup that enhances performance beyond traditional silicone rollers. The newly introduced roller has a NIP width of 15mm, which is 7mm broader than the standard options, thereby elevating efficiency and contact area. Water foam technology facilitates quick absorption and emission of energy, streamlining the fusing process and reducing power consumption.
Which Segments in the Technical Foam Market Offer the Most Profit Potential?
The technical foam market covered in this report is segmented -
1) By Product Form: Flexible, Rigid, Spray
2) By Material Type: Expanded Foam, Polyethylene, Elastomeric, Polyurethane, Melamine, Phenolic, Ethyl Vinyl Acetate, Other Material Types
3) By End Users: Automotive And Transportation, Electrical And Electronics, Building And Construction, Medical, Sporting Equipment, Packing, Other End Users
Subsegments:
1) By Flexible: Polyurethane Foam, Polyethylene Foam, Ethylene-vinyl Acetate (EVA) Foam
2) By Rigid: Polyurethane Rigid Foam, Polystyrene Foam, Phenolic Foam
3) By Spray: Closed-Cell Spray Foam, Open-Cell Spray Foam, Insulation Spray Foam
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Which Firms Dominate the Technical Foam Market by Market Share and Revenue in 2025?
Major companies operating in the technical foam market are Armacell International Holding, BASF SE, Woodbridge Company Ltd., Dow Inc., Sekisui Chemical Co. Ltd., Recticel NV, UFP Technologies Inc., INOAC Corporation, Kaneka Corporation, Saudi Basic Industries Corporation, Sealed Air Corporation, Zotefoams PLC, Lanxess AG, Foampartner Group, MH Polymers Private Limited, Covestro AG, Furukawa Electric Co. Ltd., Huntsman Corporation, Trelleborg AB, Rogers Corporation, Wanhua Chemical Group Co. Ltd., Synthos S.A., Versalis S.p.A., Nova Chemicals Corporation, Foam Products Corporation
Which Regions Offer the Highest Growth Potential in the Technical Foam Market?
Asia-Pacific was the largest region in the technical foam market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the technical foam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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