The Technical Foam Global Market Report 2023, provides comprehensive information on the technical foam market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/technical-foam-global-market-report
The global technical foam market size is expected to grow from $31.98 billion in 2022 to $34.47 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The technical foam market share is expected to grow to $44.53 billion in 2027 at a CAGR of 6.6%.
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Technological advancements are a key trend gaining popularity in the technical foam market. Major companies operating in the technical foam market are focused on developing new technological solutions to strengthen their position in the market. For instance, in January 2021, SABIC, a Saudi Arabia-based company operating in technical foam, launched the LNP™ COLORCOMP™ WQ117945 compound, a breakthrough material based on advanced nanotechnology. This compound facilitates the efficient production of polyethylene terephthalate (PET) foams for core materials in sandwich structures that improve control over nucleation and cell growth and shear strength or strain properties for better fatigue performance. These foams address the evolving needs of various industries, such as building and construction, wind energy, marine, and packaging.
The technical foam market is segmented:
1) By Product Form: Flexible, Rigid, Spray
2) By Material Type: Expanded Foam, Polyethylene, Elastomeric, Polyurethane, Melamine, Phenolic, Ethyl Vinyl Acetate, and Other Material Types
3) By End Users: Automotive and Transportation, Electrical and Electronics, Building and Construction, Medical, Sporting equipment, Packing, Other End Users
Asia-Pacific was the largest region in the technical foam market in 2022.
The table of contents in TBRC’s technical foam market report includes:
1. Executive Summary
2. Technical Foam Market Characteristics
3. Technical Foam Market Trends And Strategies
4. Technical Foam Market – Macro Economic Scenario
5. Technical Foam Market Size And Growth
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26. Africa Technical Foam Market
27. Technical Foam Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Technical Foam Market
29. Technical Foam Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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