According to a market report by Lucintel, the future of the high heat foam market looks promising with opportunities in the automotive, railway, industrial, and aerospace, industries. The high heat foam market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are growing demand from end use industries, rising awareness of environment friendly, and energy conservation benefits of high heat foam.
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In this market, silicone, polyimide, melamine, and polyethylene are the major polymers used to manufacture high heat foam. Silicone is the largest polymer type of the high heat foam market.
Within the high heat foam market, automotive, railway, industrial, aerospace, and others are the major end use industries. Automotive is the largest end use segment for high heat foam.
Asia Pacific will remain the largest market over the forecast period due to increasing demand from end use industries.
BASF SE, Rogers Corporation, Evonik Industries, UBE Industries, Ltd., Wacker Chemie AG, Sabic, Armacell International S.A., Sinoyqx, Puren Gmbh, and Intec Foams are among the major manufacturers of high heat foam.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the high heat foam market by polymer type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "High Heat Foam Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the high heat foam market by polymer type, end use industry, and region as follows:
By Polymer Type [$M shipment analysis for 2013 – 2024]:
Silicone
Polyimide
Melamine
Polyethylene
Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Automotive
Railway
Industrial
Aerospace
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/high-heat-foam-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.