Syntactic Foam Companies

The market for syntactic foam was USD 175,000.0 thousand in 2024 and is projected to reach USD 233,929.5 thousand in 2030 at a CAGR of 5%. Syntactic foam is made from glass micro-spheres and mixed in an epoxy resin polymer matrix to form a lightweight material. The material provides optimal buoyancy, which is especially required in deep-sea applications for ROV, AUV buoyancy, oil & gas extraction offshore, and oceanography. The major drivers influencing the growth of the syntactic foam market are rising crude oil production, expanding oil & gas exploration offshore activities, and demand from oceanography activities.

Syntactic Foam Companies

The demand for syntactic foam is mainly furnished by global players manufacturing for various end-use applications. Some leading companies involved in syntactic foam are Akzo Nobel N.V. (Netherlands), ALCEN  (France), Trelleborg AB  (Sweden), Resinex Trading S.r.l. (Italy), ESCO Technologies Inc. (US), Matrix Composites & Engineering  (Australia), DIAB Group  (Sweden), PPG Industries, Inc. (US), DeepWater Buoyancy Inc. (US), and Balmoral Group  (Scotland). These companies, among many other regional players, fulfill the requirements globally for syntactic foam.

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ALCEN  (France) is a French industrial group involved in five sectors: Defense & Security, Energy, Medical & Healthcare, Aeronautics & Space, and Large-Scale Scientific Instrumentation. The company functions through its subsidiaries, each specializing in a specific technology. ALSEAMAR operates as a subsidiary of ALCEN, focusing on delivering products and services for the naval and maritime sectors. Their product range includes underwater gliders, human-crewed submersibles, radiocommunication equipment, and buoyancy materials. The syntactic foam products are marketed under the BMTI brand, serving the oil & gas, marine science & environment, and defense & security industries. Furthermore, the company offers services such as life extension, marine surveys, and search & rescue operations. It also provides tailored R&D services to create products and solutions based on particular application needs.

Trelleborg AB (Sweden) is a company based in Sweden that focuses on engineered polymer solutions. Its operating segments include Trelleborg Industrial Solutions, Trelleborg Sealing Solutions, and Trelleborg Medical Solutions. Trelleborg Industrial Solutions is a prominent provider of polymer-based critical solutions for specific industrial applications and infrastructure initiatives. Trelleborg Sealing Solutions is a leading global provider of polymer-based essential sealing solutions and components used in the aerospace, automotive, and various industrial sectors. Trelleborg Medical Solutions is a top global supplier of polymer-based integrated solutions for medical and life sciences. The company’s geographic markets are consolidated into three main categories: Europe, North and South America, and Asia and the Rest of the World. It operates in approximately 40 nations, with around 100 manufacturing facilities, and carries out sales activities in about 140 countries, demonstrating a significant global presence.

Resinex Trading S.r.l. (Italy) is a prominent supplier in the marine equipment sector, operating three manufacturing plants in Italy and a sales office in Singapore. The company supports approximately 2,700 customers worldwide with a diverse range of over 300 products. These products are utilized across various sectors, including deep water applications, oil and gas, port and mooring, oceanology, dredging, aquaculture, anti-pollution efforts, naval aids, and marina management. Notably, over 75% of Resinex Trading's products are exported to oil-rich countries and key ports across the globe. The company incorporates syntactic foams into its buoys, floats, and modules, enhancing their functionality for applications in oceanographic research and the oil and gas industry.

Companies have initiated the following developments:

• In December 2024, Trelleborg AB planned to launch a new production facility near Ahmedabad, India. This includes the expansion of production of their marine and infrastructure products. Therefore, it will help increase the company’s global presence.
• In July 2024, Akzo Nobel N.V. invested USD 15.15 million to upgrade its Suzhou facility in China, aiming to double the plant's marine and protective coatings capacity by 2025.
• In July 2024, Matrix Composites & Engineering collaborated with Subsea Innovation Cluster Australia (SICA), Western Australian Government (Australia), and Baker Hughes Company (US) to develop the Matrix Deepwater Hyperbaric Common User Facility. This state-of-the-art facility enables comprehensive testing and compliance verification for subsea equipment, such as subsea control modules, within Australia.
• In November 2023, Resinex Trading S.r.l. partnered with  the University of Southern Denmark (SDU) to supply them with syntactic foam blocks for research purposes in the Japan trench. This showcases the company’s expanding usage of products for various applications.
• In April 2023, ESCO Technologies Inc.’s subsidiary, Globe Composite Solutions LLC, enlarged its operations by launching a new facility to accommodate the needs of Defense and Industrial clients, effectively doubling the space for production and logistics.

Related Reports:

Syntactic Foam Market by Product Type (Macro-sphere, Micro-sphere), Matrix Type (Metal, Polymer, Ceramic), Filler Type (Glass and Ceramic Micro-spheres), Foam (Block, Sheet & Rod), Chemistry (Epoxy, Polypropylene), End-use Industry & Region - Global Forecast to 2030