High Heat Foam Market Global Industry Research Report is estimated to reach USD 11.37 billion by 2021 at a CAGR of 8.2%.

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The report covers the market by resin type, such as silicone, polyimide, melamine, polyethylene, & others; by application, such as automotive, railway, industrial, aerospace & others; and by region, namely, North America, Europe, Asia-Pacific, and RoW. The base year considered for the study is 2015, while the forecast period is between 2016 and 2021. The rise in demand for foam in applications, such as automotive and industrial, fuels the growth of the market.

Top-down and bottom-up approaches have been used to estimate and validate the size of the global market and various other dependent submarkets in the overall market. The research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, National Marine Manufacturers Association (NMMA), and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the high heat foam market.

High heat foams are manufactured from various raw materials such as melamine resin, silicone resin, polyimide resin, PE resin, pentane, methylene diphenyl diisocyanate (MDI), toluene diisocyanate (TDI), polyol, and other additives. Raw materials available in the market are supplied by major companies such as BASF SE (Germany), JSP Corporation (Japan), Armacell International S.A. (Luxembourg), Dow Chemical Company (U.S.), Borealis AG (Austria), and others.

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It is driven by its energy efficiency and insulating property of foam. The market growth is estimated due to increasing demand from developing countries coupled with growing manufacturer’s preference in automotive and industrial applications. Among all regions considered, Asia-Pacific and RoW are estimated to witness high growth in the next five years. The demand across these regions is reinforced by the emerging markets, namely, China, Brazil, and India.

Automotive: The largest application of high heat foam market
High heat foams are used in various applications such as automotive, railway, industrial, aerospace, and others. These are the main applications considered in the report. In 2015, the automotive application segment accounted for the largest market share, in terms of volume. The industrial application segment is estimated to register the highest CAGR between 2016 and 2021, followed by automotive application.

Rising demand from Asia-Pacific: The major driver for high heat foam market

In 2016, Asia-Pacific is estimated to account for the largest market share, in terms of volume, and is projected to register the highest CAGR between 2016 and 2021. The high demand in Asia-Pacific is the major driver of the high heat foam market. The demand for in China is highest owing to increase in manufacturing and industrial activities in the past three to four years. It is the largest market for high heat foam globally. Other emerging economies such as Brazil, India, and Mexico are projected to have a positive future in this market.
The scope of the report covers detailed information regarding the major factors influencing the growth of the high heat foam market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the market.

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