High Heat Foam Market

High Heat Foam Market Size & Growth 2023-2028:

The High Heat Foams Market will reach an estimated valuation of 17.14 billion USD by 2028 compared to 10.46 billion USD in 2022, while it will register this growth at a rate of 8.42% for the forecast period from 2023-2028

High heat is a type of foam commonly used in insulation applications. The construction and automotive industries are the main applications of high-heat foam, due to the energy-saving benefits it gives to buildings and automobiles. The rising sales numbers that these two industries are releasing nowadays bode well for the global high-heat foam market.

High Heat Foam Market Trends:

The high-heat foams market has benefited greatly from increasing use as an alternative to metals. Therefore, it is mainly used in the automotive industry. High-heat foam is basically utilized as a replacement for sheet metal in the automotive industry. In 2021, auto production saw a decline due to the US-China trade war and other political reasons. This is expected to continue in the first half of 2021, due to weak sales in the second half of 2021. However, the automotive industry is expected to recover by the end of 2021. In addition, the development of electric vehicles may continue to advance momentum in the years to come, especially in Europe, China, and the United States, where many government programs encourage the shift away from fossil fuels due to various environmental concerns. Due to the above-mentioned factors, the high heat foams market is likely to grow during the forecast period.

Recent Developments in the High Heat Foam Industry:

• General Plastics Manufacturing Company, a global supplier of high-performance polyurethane foam products and composite parts, today announced the launch of the LAST-A-FOAM® FR-4800 High Heat Tool Plate. It is a thermally stable tool board ideal for use in applications with demanding performance requirements in the aerospace, automotive, and composites industries. It fills the void for companies producing high-tolerance parts and looking for a cost-effective, dimensionally predictable, and stable tooling system.

• In July 2021, Dow introduced the new DOWSIL ™ TC-3065 thermal gel, a thermally conductive one-component gel developed to dissipate large amounts of heat from sensitive electronic components. After full curing, Dow's new thermal gel eliminates silicone oil bleeding and features ultra-low levels of volatile organic compounds (VOCs). Applications of this innovative new material include telecommunications and data communications equipment.

High Heat Foam Market Drivers:

The major driver of the global high-heat foams market is the rising awareness of the environmental perks of utilizing foam insulation. The high heat foam prevents heat in an isolated area from escaping to the environment and ambient heat from entering the isolated area. This eliminates the need for higher power consumption. In cars, for example, foam insulation can help reduce the amount of heat entering and leaving the interior of the car. This eliminates the need for heating/cooling to generate/waste more heat, respectively. The growing demand from the automotive and construction industries is therefore an important factor for the global high-heat foams market. In construction, high-quality, high-heat foam insulation can help rack up significant savings by reducing overall energy consumption. Constant urbanization in developing countries and increasing demand for renovations and other renovation projects in developed regions have boosted the global construction industry, which is expected to continue to be an important end-use segment of the market of global high-heat foam in the years to come. Because of the change that high-heat foam can make to the overall environmental sustainability of a project, many governments have also started to encourage the use of insulation. This helps reduce the amount of energy drawn by the project from the core grid, helping to balance the gap between supply and demand for power generation.

High Heat Foam Restraints:

On the other hand, the price volatility of petrochemicals, which are used in the manufacture of high-heat foams, is the main limitation in the global high-heat foams market.

Opportunities in the High Heat Foam Market:

There is an increasing demand for high-heat foam from the aerospace and automotive industries which plan to boost the global high-heat foam market. The expansion of the automotive industry, along with the growing need for light vehicles, is expected to drive the global high heat foams market. Strict government regulations are implemented to reduce automobile pollution resulting in demand for fuel-efficient vehicles around the world, this factor positively contributes to the growth of the market. Melamine has exceptional thermal insulation and a high degree of sound absorption, which is why it is used in applications where there are mass limitations, such as locomotives and aerospace. The aerospace sector has contributed significantly to the global market share in terms of revenue. However, the volatile prices of petrochemicals that are initially used during the high-heat foam manufacturing process are hampering the market growth to some extent.

Challenges in the High Heat Foam Market:

High prices of high heat foam are the main factor that is anticipated to challenge the growth of the global high heat foam market during the forecast period. Moreover, the high processing cost is another factor that is expected to limit the growth of the market during the forecast period.

HIGH HEAT FOAM MARKET REPORT COVERAGE:

High Heat Foam Market Segmentation:

On the basis of Type:

• Silicone

• Polyimide

• Melamine

• Polyethylene

• Others

Silicone was the main product segment in 2019 and is expected to experience considerable growth, with a CAGR of 5.4% between 2021 and 2026. High-heat silicone foams are widely used in North America to provide fire resistance and prevent the spread of smoke and fire between rooms.

The high-heat polyimide foam market was worth $ 1,424.8 million in 2019. Benefits such as superior fire resistance, lightweight, and environmental friendliness are expected to drive market growth during the period forecast.

On the basis of Application:

• Automotive

• Railway

• Industrial

• Aerospace

• Others

The demand for high-heat foams in the automotive industry is expected to grow tremendously at a compound annual rate of 6.2% from 2022 - 2027. High heat foam is widely used in the automotive industry as an insulation due to the advantages of energy saving. These factors have a negative impact when it reaches various heat-sensitive modules, including batteries, starters, and sensors. Therefore, high-heat foams are needed to prevent exhaust heat from reaching these modules. High-performance cars widely use high heat foams inside to improve engine performance.

The demand for high heat foams in the industrial applications segment was 352.2 tons in 2019 and is expected to experience the fastest growth with a CAGR of 5.6% from 2022 - 2027. The strong growth can be attributed to the increasing urbanization in developing countries as well as increasing demand for remodeling and other renovation projects in the construction industry.

The demand for high-heat foams in the aerospace industry was estimated at USD 1,241.5 million in 2019. Polyimide products are used in the aerospace industry due to the increasing demand for structural foam insulation capable of retaining its strong resistance over a wide range of environmental conditions.

High Heat Foam Regional Analysis:

• North America 

• Europe 

• Asia Pacific

• Latin America 

• Middle East & Africa 

The Asia-Pacific region is anticipated to rule the market. China is one of the fastest-growing economies and has grown into one of the largest production houses in the world today. The Chinese aviation industry has experienced significant growth over the years. According to Boeing, it is estimated that China will need around 7,800 new commercial jets, worth $ 1.4 trillion, over the next two decades. Foreign investment in China has also spread to the aviation sector, which is expected to register a CAGR of 6%, due to China's geographic location, which provides easy access to industrial product markets in neighboring countries. , as well as in other countries globally, making it an important access point for manufacturers and suppliers. China is the world's largest automaker. The country's automotive sector has prepared for product developments, with the country focusing on product manufacturing, to ensure fuel savings and minimize emissions (due to growing environmental concerns due to increased pollution in the country). The “Medium and Long-Term Automobile Development Plan” was launched in 2019, aiming to make China a strong automotive power in the next ten years. Due to all these factors, the high heat foams market in the region is expected to grow steadily during the forecast period.

High Heat Foam Market Key Players:

1. Puren GmbH.

2. Intec Foams

3. Rogers Corporation

4. UBE Industries, Ltd.

5. Wacker Chemie AG

6. Armacell International S.A.

7. BASF SE

8. Evonik Industries

9. Sabic

10. Sinoyqx