Overview of the global high heat foam market

Owing to the lower manufacturing cost and time, high heat foams are preferred over metals in automotive industries. The demand for high heat foams are increasing due to the higher tensile strength coupled with lower densities which is the major reason for their consumption. Technavio’s market research report has identified use of high heat foams as major substitute for metals as one of the primary factors that will fuel the growth of the high heat foam market in the coming years. Moreover, high heat foams find its application in designing thinner-walled designs which can be used as alternatives for thicker die-casted metal parts. It is expected that the demand for large volumes of high heat foam is expected to increase as its considered as the most suitable replacement of metal sheets in the automotive industry. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 5% by 2021.

Increasing product innovations is one of the key trends contributing towards the growth of high heat foam market. Owing to the increasing competition among the key vendors and prominent vendors, the vendors are investing heavily on R&D to develop new innovative products. BASF, one of the key vendor has developed a new product named ecovio EA which is expandable bio-based high heat foam. The advantages of this products are that it can endure multi-shock response and can cater to transportation sector. With the increasing focus on innovation of new products by the vendors will augment positive impact on the high insulation foam market in the next five years.

Competitive landscape and key vendors

The high heat foam market is highly competitive due to the presence of large of key players who have wide geographic presence with huge production facilities across the world. There are small number of regional and local players who play important role in intensifying the competition. Factors such as innovation, extensions of product lines, and supply chains play vital role in increasing the competition in the high insulation foam market. To sustain the competitive environment, some of the players are reducing the prices.

The leading vendors in the market are-

• Armacell
• BASF
• Evonik Industries
• Rogers Corporation
• SINOYQX

The other prominent vendors in the market are Intecfoams, PAR Group, Queen City Manufacturing, SABIC, Shin-Etsu Polymer, UBE INDUSTRIES, Wacker Chemie, and Zhengzhou FoamTech Nano Material.

Segmentation by product type and analysis of the high heat foam market

• Melamine
• Silicone
• Polyimide
• Polyethylene

During 2016, melamine foam accounted for the major shares of the high heat foam market. Melamine foam find its application in the high insulation foam market due to its superior properties such as lightweight, low density, fiber-free, fire retarding, and sound absorption in the transportation industry. Moreover, melamine foams meet the building requirements codes and regulations set up by governments due to which they are used in construction industry.

Segmentation by geography and analysis of the high heat foam market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the high heat foam market throughout the forecast period. Owing to the growth of automotive and construction sector in the emerging economies such as China and India, will positively drive the growth of the high insulation foam market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global high heat foam market?
• What are the key market trends impacting the growth of the global high heat foam market?
• What are the challenges to global high heat foam market growth?
• Who are the key vendors in the market?
• What are the market opportunities and threats faced by the vendors in the global high heat foam market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global high heat foam market? 

Technavio also offers customization on reports based on specific client requirement.