San
Francisco, Nov 15 The global High
Heat Foam Market is expected to reach USD 13.89 billion by 2024,
according to a new report by Grand View Research, Inc. Rising demand for high
heat foams in automotive and aerospace industries is anticipated to drive the
market over the forecast period. Growing automotive industry coupled with
rising need for lightweight vehicles is expected to fuel industry growth over
the forecast period. Need for fuel-efficient vehicles along with government
regulations regarding automotive pollution is expected to further drive the market
in near future.
Growing aerospace industry is
anticipated to fuel high heat foams demand over the forecast period. The surge
in demand for high heat foams in sports and leisure applications, especially in
the Asia Pacific, is also expected to impel high heat foams demand over the
next eight years.
Automotive was the leading
consumer and accounted for 32.5% of global demand in 2015. Increasing
automotive production in China, India, Thailand, and Indonesia is expected to
drive this segment over the forecast period. Aerospace also contributed
significantly towards the overall market share in terms of revenue. This can be
attributed to the high cost of aerospace grade high heat foams than that of
other grades available in the market. Growth in the commercial aviation segment
is expected to fuel high heat foams demand over the next eight years.
Browse full research report on High Heat Foam Market:
www.grandviewresearch.com/industry-analysis/high-heat-foam-market
Further key
findings from the report suggest:
- The global High Heat Foam Market demand was
1,442.6 kilo tons in 2015 and is expected to reach 2,206.3 kilo tons by
2024, growing at a CAGR of 5.0% from 2016 to 2024
- Silicone was the leading product segment and
accounted for 35.1% of total demand in 2015. Growing demand for these
products in the industrial sector is expected to drive this segment over
the forecast period.
- Melamine is projected to grow at a CAGR of 7.4%
from 2016 to 2024. The high growth may be attributed to rising use in
aerospace sector owing to various to benefits such as excellent thermal
insulation.
- Asia Pacific was the leading consumer and
accounted for 45.5% of global volume in 2015 owing to growing automotive
and construction industry in the region. It is also expected to witness
the highest growth of 5.6% over the forecast period.
- Major companies operating in the global high heat
foams industry include Intec Foams, BASF SE, Sabic, Sinoyqx, UBE
Industries, Ltd., Armacell International S.A., Puren Gmbh, Evonik
Industries, Wacker Chemie AG, and Rogers Corporation.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented the High Heat Foam Market on the basis of product, application and
region:
Global High Heat
Foams Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
- Silicone
- Polyimide
- Melamine
- Polyethylene
- Others
Global High Heat
Foams Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 -
2024)
- Automotive
- Locomotive
- Industrial
- Aerospace
- Others
Global High Heat
Foams Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Asia Pacific
- China
- India
- Central & South America
- Middle East & Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-high-heat-foam-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
www.grandviewresearch.com
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