High Heat Foam Market is segmented By Type (Silicone, Melamine, Polyurethane (PU), Polyimide, Polyethylene), By Firmness grades (Soft, Medium-Soft, Medium-Firm, Firm), By Product Ranges (Tube, Sheet, Tape), By Application (Automotive, Aerospace, Railways, Industrial, Defense, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
High Heat Foam Market Overview
The High Heat Foam Market is estimated to grow at a high CAGR of 8.2% during the forecasting period (2023-2030).
High heat foam is a lightweight and non-flammable insulation material, mostly used in the application of acoustic and thermal insulation or where high-temperature resistance is needed. It is formaldehyde-free and exhibits long-term stability under humid conditions and after temperature cycling. Moreover, it can be cut into a variety of shapes and sizes to meet performance and specification requirements. These are widely used in industries such as automotive, aerospace, defence and railways. According to industry estimates, the global automotive industry will grow to around nine trillion U.S. dollars by 2030 in which new vehicle sales will account for about 38 per cent. Increasing demand from the automotive industry along with the growing production of compact and light-weight vehicles is projected to increase the market of high heat foam.
High Heat Foam Market Scope
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Metrics |
Details |
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Market CAGR |
8.2% |
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Segments Covered |
By Type, By Firmness grades, By Product Ranges, By Application, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
Asia Pacific |
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High Heat Foam Market Dynamics and Trends
High-temperature applications in automobiles are expected to drive the high heat foam market
OEM's continuous demand to reduce weight and make more compact vehicles resulted in high heat generated from vehicles. For instance, as per the Statista study, revenue in the small cars market segment is projected to reach US$95,728m in 2021, China leading the market with US$13,001 million. The temperature rise is more critical around engine areas. Thermal insulation is a need of the hour to cater to this heat generation and fulfill its demands. In this case, high heat foam is the most suitable to be used as a thermal insulator because of its high temperature & fire resistance and lightweight properties.
Moreover, covid-19 has changed the rules of mobility. As more and more people want personal cars as the preferred mode of transport, carmakers are seeing a surge in demand for smaller four-wheelers.
High costs of high heat foam are restraining its market growth
An apparent disadvantage of high heat foam might be its price. High heat foam might seem to be too expensive in comparison to its alternative insulating materials. It turns out that its price is comparable with alternative insulation methods.
However, when comparing all the advantages of polyurethane foam insulation, the disadvantage in terms of price becomes insignificant.
High Heat Foam Market Segmentation Analysis
Based on type, high heat foam is segmented into polyurethane (PU), silicone, melamine, polyimide polyethenelene.
Polyurethane foam is expected to dominate the market owing to its increased application as high-temperature foam in the automotive industry
Polyurethane is a member of the wide-ranging and highly diverse family of polymers or plastics. Manufacturers make polyurethane foam by reacting polyols and diisocyanates. It is best known for use in mattresses, upholstered furniture and car seats. Its applications are virtually endless, ranging from medical dressings to large filters and soundproofing systems that keep the environment clean and quiet.
Moreover, Polyurethane foams are molded, especially for automotive, mainly for car seats. Also, rigid foams are primarily used for the thermal insulation of buildings.
Global High Heat Foam Market Geographical Share
Asia-Pacific region is expected to dominate the market of high heat foam. The Chinese aircraft industry has shown significant growth over the years. For instance, according to Boeing, China is estimated to require around 7,600 new commercial aircraft, valued at USD 1.2 trillion, over the next two decades. Also, foreign investment in China has been extended into the aviation sector due to China's geographical location, which provides easy access to the neighbouring countries' industrial goods markets and other countries globally.
Moreover, China is the largest manufacturer of automobiles in the world. The country's automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products to ensure fuel economy and minimize emissions.
Hence, the growing automotive and aviation sector in the region is expected to increase the market for high heat foam during the forecast period.
High Heat Foam Market Companies and Competitive Landscape
The high heat foam market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Armacell, Trelleborg, SABIC, puren gmbh, Airex AG, Purios, Rogers Corporation, Evonik Industries, Sinoyqx, Waker Chemie AG among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the high heat foam market globally.
Armacell
Overview: Armacell is a manufacturer and supplier of foams and flexible insulation materials based in Luxembourg. The company has over 3,135 employees and 25 production plants in 17 countries across the world.
Product Portfolio: Armacell serves high-temperature tube foams in mainly three categories, namely, technical insulations, covering systems and acoustic products.
Key developments:
On 4 December 2019, PAI Partners, a leading European private equity firm and KIRKBI A/S, the holding and investment company, have together agreed to acquire Armacell from Blackstone.
