Article Trunk



Technical Foam Market Size, Share and Industry Report Forecast, 2023-2028

05.23.2023 · Posted in Business News Article

IMARC Group, a leading market research company, has recently releases report titled “Technical Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global technical foam market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Technical Foam Market?

The global technical foam market size reached US$ 31.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

Technical foam refers to specialty foam produced using polymer and rubber blends manufactured for numerous industrial and commercial uses, such as filtering, sealing, and sound insulation. It is lightweight, strong, mildew- and heat-resistant, and skin-friendly. It protects against shock and vibrations, cushioning, noise dampening, water absorption, and thermal insulation. As a result, technical foam finds extensive applications in the electronics, aviation, automotive, marine, and packaging industries across the globe.

Request Free Sample Copy of This Report: https://www.imarcgroup.com/technical-foam-market/requestsample

What are the growth prospects and trends in the technical foam industry?

The global technical foam market is primarily driven by rising building and construction activities. Moreover, technical foam encompasses polyurethane (PU) foam, which has high mechanical strength and low density, heat conduction coefficient, and water absorption properties. Consequently, it is widely used in healthcare products, including surgical drapes, hospital bedding, wound dressings, catheters, multipurpose tubing, and short-term implants, which in turn is positively influencing product demand.

Additionally, there has been a surge in the use of technical foam in the automotive industry to enhance vehicle fuel efficiency and reduce the weight of insulation. Along with this, the increasing production adoption in the manufacturing of electric vehicles (EVs) for preventing shock and rattling in battery components and foam compression has catalyzed the market growth.

Furthermore, various key players are focusing on introducing bio-based product variants manufactured using renewable resources. Other factors, including the rising need for acoustic solutions to tackle noise pollution, surging adoption of foam-based electronics packaging, favorable government policies, and rapid industrialization, are also anticipated to create a positive market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Form:

  •  Flexible
  • Rigid
  • Spray

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:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including: 

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.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: [email protected]

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

Comments are closed