Syntactic Foams are composite materials that are synthesized by filling matrix materials along with hollow spheres. Matrix materials include metal matrix, polymer matrix, and ceramic matrix whereas hollow spheres include cenospheres, micro balloons, and others. The addition of these hollow particles results in enhanced properties of the foam such as lower density, higher specific strength, and lower coefficient of thermal expansion, and, radar or sonar transparency in some cases. The properties of these foams are largely dependent on the type of the matrix materials.

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By geography, North America is expected to grow at a faster rate as the rapidly increasing consumption of syntactic foam in the marine & subsea industries in countries such as US, Canada, and Mexico have led to an increased demand for syntactic foam in the North American region.

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Some of the key players in Syntactic Foam market include ALSEAMAR, Acoustic Polymer Ltd., AFGlobal, Balmoral, CBM International, CMT Materials, Cuming Microwave Corporation, Deepwater Buoyancy, Diab Group, Engineered Syntactic Systems, Forum Energy Technologies Inc., Matrix Composites & Engineering, Resinex, Synfoam, and Trelleborg AB.

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