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Technical Foam Market Report by Product Form (Flexible, Rigid, Spray), Material (Elastomeric, Polyurethane, Polyethylene, and Others), End Use Industry (Automotive and Transportation, Electrical and Electronics, Building and Construction, Medical, Sporting Equipment, Packaging, and Others), and Region 2024-2032
Market Report I 2024-07-01 I 142 Pages I IMARC Group
The global technical foam market size reached US$ 32.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 48.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.
Technical foam relies on rubber and polymer blends developed for different industrial and commercial applications, such as filtering, sealing and sound insulation. It is lightweight, durable, robust, mildew resistant, and skin-friendly and offers resistance against heat. As a result, it is employed in the electronics, aviation, marine, and packaging industries. At present, there is a significant increase in the investments made by homeowners to maintain their floors, roofs, and walls, which is catalyzing the demand for technical foam across the globe.
Technical Foam Market Trends:
Rising building and construction activities represent one of the key factors positively influencing the market. Moreover, technical foam is extensively utilized in the automotive industry as it helps reduce the weight of insulation and improve the fuel efficiency of vehicles. It is also used in electric vehicles (EVs) for foam compression and providing protection against shock and rattling in battery components. Moreover, technical foam comprises polyurethane (PU) foam, which has high mechanical strength and low density, heat conduction coefficient, and water absorption properties. As a result, it is employed in catheters, general-purpose tubing, surgical drapes, hospital bedding, wound dressings, and short-term implants in the healthcare industry. In addition, PU foam finds applications as a cushioning material for gymnastics, martial arts, judo, wrestling, and agility mats in schools, sports halls, and leisure and climbing centers. Apart from this, key players are introducing bio-based product variants that are made using renewable resources. This, coupled with rising technological advancements, is fueling the growth of the market. Other factors, including rapid industrialization and the growing requirement for acoustic solutions to tackle noise pollution, are anticipated to create a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global technical foam market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product form, material and end use industry.
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report
1. What was the size of the global technical foam market in 2023?
2. What is the expected growth rate of the global technical foam market during 2024-2032?
3. What are the key factors driving the global technical foam market?
4. What has been the impact of COVID-19 on the global technical foam market?
5. What is the breakup of the global technical foam market based on the product form?
6. What is the breakup of the global technical foam market based on the material?
7. What is the breakup of the global technical foam market based on the end use industry?
8. What are the key regions in the global technical foam market?
9. Who are the key players/companies in the global technical foam market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Technical Foam Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Form
6.1 Flexible
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Rigid
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Spray
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Material
7.1 Elastomeric
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Polyurethane
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Polyethylene
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Automotive and Transportation
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Electrical and Electronics
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Building and Construction
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Medical
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Sporting Equipment
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Packaging
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Armacell
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 BASF SE
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Covestro AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Dow Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Huntsman Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Kaneka Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Recticel
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Saudi Basic Industries Corporation (Saudi Aramco)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Sealed Air Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Sekisui Chemical Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 Woodbridge
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Zotefoams Plc
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
Figure 1: Global: Technical Foam Market: Major Drivers and Challenges
Figure 2: Global: Technical Foam Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Technical Foam Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Technical Foam Market: Breakup by Product Form (in %), 2023
Figure 5: Global: Technical Foam Market: Breakup by Material (in %), 2023
Figure 6: Global: Technical Foam Market: Breakup by End Use Industry (in %), 2023
Figure 7: Global: Technical Foam Market: Breakup by Region (in %), 2023
Figure 8: Global: Technical Foam (Flexible) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Technical Foam (Flexible) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Technical Foam (Rigid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Technical Foam (Rigid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Technical Foam (Spray) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Technical Foam (Spray) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Technical Foam (Elastomeric) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Technical Foam (Elastomeric) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Technical Foam (Polyurethane) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Technical Foam (Polyurethane) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Technical Foam (Polyethylene) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Technical Foam (Polyethylene) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Technical Foam (Other Materials) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Technical Foam (Other Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Technical Foam (Automotive and Transportation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Technical Foam (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Technical Foam (Electrical and Electronics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Technical Foam (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Technical Foam (Building and Construction) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Technical Foam (Building and Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Technical Foam (Medical) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Technical Foam (Medical) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Technical Foam (Sporting Equipment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Technical Foam (Sporting Equipment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Technical Foam (Packaging) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Technical Foam (Packaging) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Technical Foam (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Technical Foam (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: North America: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: North America: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: United States: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: United States: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Canada: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Canada: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Asia-Pacific: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Asia-Pacific: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: China: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: China: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Japan: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Japan: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: India: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: India: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: South Korea: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: South Korea: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Australia: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Australia: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Indonesia: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Indonesia: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Others: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Others: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Europe: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Europe: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Germany: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Germany: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: France: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: France: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: United Kingdom: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: United Kingdom: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Italy: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Italy: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Spain: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Spain: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Russia: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Russia: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Others: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Others: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Latin America: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Latin America: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Brazil: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Brazil: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Mexico: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Mexico: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Middle East and Africa: Technical Foam Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Middle East and Africa: Technical Foam Market: Breakup by Country (in %), 2023
Figure 84: Middle East and Africa: Technical Foam Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Global: Technical Foam Industry: SWOT Analysis
Figure 86: Global: Technical Foam Industry: Value Chain Analysis
Figure 87: Global: Technical Foam Industry: Porter's Five Forces Analysis
Table 1: Global: Technical Foam Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Technical Foam Market Forecast: Breakup by Product Form (in Million US$), 2024-2032
Table 3: Global: Technical Foam Market Forecast: Breakup by Material (in Million US$), 2024-2032
Table 4: Global: Technical Foam Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
Table 5: Global: Technical Foam Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Technical Foam Market: Competitive Structure
Table 7: Global: Technical Foam Market: Key Players
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