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High Heat Foam Market worth 11.37 Billion USD by 2021
The report "High Heat Foam Market by Type (Silicone, Polyimide, Melamine, Polyethylene, & Others), by Application (Automotive, Railway, Industrial, Aerospace & Others) - Global Forecasts to 2021", The market size of high heat foam is estimated to grow from USD 7.66 Billion in 2016 to USD 11.37 Billion by 2021, at a CAGR of 8.2%.
Browse 91 market data Tables and 47 Figures spread through 139 Pages and in-depth TOC on "High Heat Foam Market by Type (Silicone, Polyimide, Melamine, Polyethylene, & Others), by Application (Automotive, Railway, Industrial, Aerospace & Others) - Global Forecasts to 2021"
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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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