The global high performance foam market was valued at USD 1.84 billion in 2019. High performance foam has certain remarkable properties such as outstanding recoverability from repetitive shocks and deformations, and the ability to retain structural integrity despite being subjected to damage, vibration, and intense temperature. The market for high performance foam is increasing due to these physical characteristics and is foresees a high demand in different industries.
.png "Global high performance foam market, 2015-2025 (USD Billion)")
The global high performance foam industry is rising at a higher rate, due to its high property compared to other foam products in the market. This rise is anticipated mainly by the increasingly growing demand in Asia-Pacific and Rest of World. In 2014, the construction industry absorbed the largest share of overall consumption in the high performance foam industry. High performance foam market is anticipated to increase due to the rising demand from end user industries such as automotive, telecommunications, and other manufacturing sectors, in developing countries including India, China, and Brazil.
The High Performance Foam Market is expected to reach 112.45 during the forecast period at a 4.13% CAGR.
The global high performance foam market is categorized by type and application. Region wise, Asia Pacific was the largest market in 2019, and is anticipated to grow at a higher CAGR over the forecast period. North America is also expected to grow at a significant rate over the coming years. Key players operating in the global high performance foam market include Rogers Corporation, Evonik Corportion, JSP Corportion, BASF S.E, Armacell, Zotefoams PLC, The Dow Chemical Company, Trocellan, SABIC, Sekisui Alveo, Saint Gobain, and Solvay SA among others.
High Performance Foam Market Scope
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2020-2021 |
| Forecast Period | 2022-2030 |
| Study Period | 2020-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 112.45 billion |
| Growth Rate | CAGR of 4.13 % during 2022-2030 |
| Segment Covered | Product, Raw Material, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Dow Inc., BASF SE, Covestro AG, Huntsman International LLC, Eastman Chemical Company, Mitsui & Co. Plastics Ltd, Mitsubishi Chemical Corporation, Recticel NV/SA, Woodbridge, DIC Corporation, RTP Company, The Lubrizol Corporation, RAMPF Holding GmbH & Co. KG, Tosoh Corporation |
Key Segment Of The High Performance Foam Market
By Product, 2022-2030 (USD Million)
• Rigid Foam
• Flexible Foam
• Coatings
• Adhesives & Sealants
• Elastomers
• Others
By Raw Material, 2022-2030 (USD Million)
• Polyol
• MDI
• TDI
• Others
By Application, 2022-2030 (USD Million)
• Furniture & Interiors
• Construction
• Electronics & Appliances
• Automotive
• Footwear
• Packaging
• Others
Regional Overview, 2022-2030 (USD Million)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The market value of high performance foam market in 2030 was USD 112.45 billion
The major contenders in the global high performance foam market Dow Inc., BASF SE, Covestro AG, Huntsman International LLC, Eastman Chemical Company, Mitsui & Co. Plastics Ltd, Mitsubishi Chemical Corporation, Recticel NV/SA, Woodbridge, DIC Corporation, RTP Company, The Lubrizol Corporation, RAMPF Holding GmbH & Co. KG, Tosoh Corporation .
The base year for the report is 2022 in high performance foam market
The global high performance foam market has witnessed strong development over the past couple of years with its high demand in various applications such as packaging and construction. The main driving factor for the global high performance foam market is the rise in demand for performance efficient foams in various end-user industries such as housing, automobile, construction, telecommunication, aerospace, and others.
In addition to environmental legislation, the insulating and energy-efficient properties of foam are projected to expand the usage of foams in numerous industries including transportation, manufacturing, and electrical & electronics. In cars, foam insulation can help eliminate total weight and can help decrease the amount of heat that reaches and leaves the car's interior. High temperature foams block heat from leaving, and prohibit heat from reaching the engine, reducing the need for more energy use. In fact, high performance foams often reduce the accumulation of moisture and provide a long-term defense from corrosion.
Asia Pacific has the largest demand in the global market due to the concentration of the major application industries such as construction and packaging. China has been the leading market in the Asia Pacific high-performance foam market, due to massive consumption of foam in the automotive and transportation industry. A number of other developing markets across the globe such as Argentina, Russia, India, and others have a rising demand in the region. However, a number of key players have concentrated on increasing their manufacturing ability to gain a strategic edge to more efficiently support their customer needs. Business expansion is the most implemented strategy adopted by the top players in securing the demand in emerging economies.
The global high performance foam market has been segmented based on application and type. Based on type, the market is categorized into polyurethane, silicone, polyolefin, and others. Based on application, the market is categorized into construction, transportation, electronics, packaging, and others.
.png "Global high performance foam market share, by type (2019) (%)")
The global high performance foam market is divided on the basis of region as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific dominated the global high performance foam market in 2019, however North America is expected to grow at a fastest pace through the year 2025.
,-2019.png "Global High Performance Foam Market Growth by Region (CAGR), 2019 (%)")