High Heat Foam Industry Analysis and Market Research Report, 2024

Posted by Marketoverview on March 15th, 2018

Global High Heat Foam Market was worth USD 7.55 billion in 2016. It is expected to grow to USD 14 billion by 2024. This can be attributed to escalating demand from aerospace and automotive sectors. Developing countries like Brazil and India are lucrative markets for automotive and industrial applications of high heat foam.

Usage of foam insulation lowers energy wastage. This coupled with stringent environmental regulations is boosting its consumption across industrial sectors. High heat foam is also used in sports and leisure, particularly in Asia Pacific.

The worldwide high heat foam market is categorized on the basis of products, applications, and regions. Products are divided into melamine, silicone, polyimide, polyethylene, and others. Silicone dominated the market in 2015. It accounted for 35% of the total revenues that year, and is likely to grow at a CAGR of 5.4% from 2016 to 2024 (forecast period). Industrial applications generate most of the demand for silicone products.

Browse Details of Report @-https://www.hexaresearch.com/research-report/high-heat-foam-market

Polyimide fetched revenues worth USD 1.3 billion in 2015. Its benefits include strong fire resistance, low weight, and eco-friendliness. Melamine occupied 12% of the market in 2015. It could grow at a CAGR of 7.5% in the forecast period. Its ability to offer excellent thermal insulation is driving its adoption in the aerospace industry.

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