The emerging high heat foam global market (2016-2024) is anticipated to witness significant growth from USD 7.55 billion in 2016 to USD 14 Billion By 2024. The major key drivers of heat foam are driven by high growth in the end-use industries, environmental sustainability, and energy conservation.
The high heat foam markets are segmented on the basis of resin product type which includes polyurethane, silicone, melamine, polyimide and polyethylene. The foam usage is driven by energy efficiency and insulation property and recyclable foam.
The market is segmented on the basis of the application of foam which includes transportation, industrial, automotive, construction, aerospace, railway and interior finishing’s. These applications expected to have a rapid growth in terms of volume between 2016 and 2024.
This foam is also supported by high public assets investment in infrastructure, recover the production output levels and to take advantage of the end use market on the needs of customers
Based on the requirement different types of resin are manufactured. Silicon heat foams are majorly used for acoustic absorption, heat insulation and padding with low and high temperature and the foams are available in various densities and thickness.
The market growth is anticipated due to increase in significant demand from the developing countries because of the manufacturers in the automotive and industrial applications. The leading high heat foam markets are segmented based on the regions which include North America, Europe, Asia-Pacific and Rest of World.
The resources used for high heat foam producer includes methylene diphenyl diisocyanate (MDI), PE resin, silicon resin, pentane, polyimide resin, melamine resin, polyol and toluene diisocyanate (TDI). Some of the leading major companies to supply these resources in the market are Armacell International S.A (Luxembourg), JSP Corporation (Japan), Borealis AG (Austria), BASF SE (Germany), and Dow Chemical Company (U.S).
High heat foam exhibits properties such as high-temperature resistance, good chemical resistance, non-decomposable, low water absorption, low resin absorption and low specific weight. The processing cost is very high and there is volatility in the resources and raw material price.
Availability and price of resources are the key driving factors for heat foam producers for determining the cost of the products. Resources used by manufacturers are such as resins, inorganic chemical, and refined petroleum products.
Carbon dioxide based polyols having high opportunities to increase strength and durability of polyurethane products. It also has high tensile and tear strength. Calorific content in carbon dioxide base polyols is 40-50% lower than the conventional polyols.
Government regulations are focusing on environmental sustainability and energy conservation. So this foam has been extensively used in the automotive, aerospace, and construction industries.
In the automotive industry, the demand of foam is expected to be very high because of its efficiency and insulation property. Automotive industry market is also growing rapidly in the Asia-Pacific region such as China, India, and Indonesia and growing slowly in North American and European countries.
The Global railway industry is having a steady growth of 2 to 2.5% in the year 2016, which helps to increase high heat foam demand. It is used as insulation for engine compartments, firewalls and acoustic insulation for rail. In aerospace industries, it is used in aircraft ducting, aircraft flooring, vibration reduction panels, fuselage, and bulkhead.
Asia Pacific region is growing rapidly in high heat foam market in provisions of worth and quantity. Cost-effective labor, land, growing manufacturing industries, the high economic growth rate is raising the growth in Asia Pacific regions.
Europe is the largest market for heat foam because of growing aerospace industries, transportation, and construction industries. In Europe aerospace industries are having 4.8% anticipated annual growth with around € 128 billion turnovers.
In North America, the foam market is anticipated to have a steady growth because there is demand for land and labor, material handling, automotive and building and constructions industries. Growing manufacturing industries are increasing the foam demand in the North America.
Key industry players operating in the market includes Ube Industries, Ltd. (Japan) ,Armacell International S.A. (Luxembourg), Sinoyqx (China), Rogers Corporation (Germany), Waker Chemie AG (Germany), Puren GmbH (Germany), Intec Foams (U.K) BASF SE(Germany) and SABIC (Riyadh). Major companies are involved in the innovation of carbon dioxide based polyols to replace conventional petroleum-based polyols.
Coming into heat foam manufacturing, and targeting consumers foam market will allow the heat foam producers to rise above the unstable economy and to increase profits.
Research Support Specialist, USA