The Global Engineered Foam Market size is expected to reach USD 4.5 billion by 2028, registering at a CAGR of 5.6% during the forecast period. The growth in this market can be attributed to increased demand from emerging economies such as China and India and development of innovative products with high-performance capabilities for various applications including aerospace & defense, medical & healthcare, transportation manufacturing & construction among others.
Engineered foam is a type of artificial material that has been engineered to have properties different than those found in traditional flexible foams. Traditional foam or polyurethane, which are both popular types of materials for items such as mattresses and pillows, lack the ability to offer pressure relief and durability without breaking down over time. Engineered foam will often be made from substances that blend together but maintain their shapes even after compression- this means it can provide more firmness while still being soft overall.
On the basis of Type, the market is segmented into Flexible, Rigid, and Spray. Of all these types of foams, Flexible is expected to maintain its dominance throughout the forecast period due mainly because it has low weight and high thermal insulation properties which make them ideal for various applications such as insulating buildings or vehicles. The rigid segment is estimated to show steady growth during the forecast period owing to its excellent structural strength, durability, and ability to withstand vibration. Spray foam will experience considerable growth in regions where there are severe weather conditions and expanding infrastructure projects including highways & bridges. Further key factors driving these industries include increased demand from public sector organizations, increasing investments by governments across the APAC region, etc.
Flexible Engineered Foams are most commonly used in A&D applications as they offer better protection from a crash or impact than traditional polyurethane foam does. They also tend to be more affordable because they can use less raw materials and take up less space to produce. There are many uses for flexible foams in aerospace due to how light and elastic this type of engineered material is- not only do these types work well for seat cushions but their versatility allows them to fulfill other needs within an airplane such as armrests, or flooring.
Rigid Engineered Foams are most commonly used in M&H applications because they offer a better response time when it comes to absorbing impact than traditional polyurethane foam does. They also have good temperature insulation properties and provide protection against microbial growth. This type is generally known for being denser than its flexible counterpart which makes them more durable- thus many use these foams as part of the construction of medical equipment such as tables and chairs that need stability but still give some amount of cushioning.
Spray Engineered Foams are also known as aerosol foam because they can be applied directly to the object or surface that needs insulation. Because of how thin this type is, it's often used in tight spaces where traditional polyurethane foams cannot reach and perfect for use on wallboard seams or other small cracks without having to apply excessive amounts. These are sometimes called "aerosols" which leads some people to believe that these will expand like spray paint- but while there may be an initial amount of expansion when first sprayed on, Spray Aerated FOAMS does not provide any additional support under compression over time.
On the basis of Application, the market is segmented as Aerospace & Defense, Medical & Healthcare, Transportation Manufacturing & Construction. The Aerospace & Defense segment accounted for the largest share of the Engineered Foams market, due to their demand from military defense applications such as thermal and insulation materials. In addition, this is also attributed to the increasing focus on global terrorism and guerrilla warfare that has increased its need for greater protection against bomb blasts and various other threats. Further key factors driving the Aerospace & Defense industry are high production levels by aircraft manufacturers as well as a growing number of overseas markets investing more money in defense spending.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in the region of Latin America is anticipated to grow at a significant rate due mainly to heavy investments by various government agencies for infrastructure development projects such as highways, railways, and bridges on account of the need for more efficient transport. The North American market is anticipated to grow at a significant rate in terms of the expansion plans by various aerospace companies.
Up Market Research published a new report titled “Engineered Foams Market research report which is segmented by Types (Flexible, Rigid, Spray), By Applications (Aerospace & Defense, Medical & Healthcare, Transportation, Manufacturing & Construction), By Players/Companies DoW Chemical Company (U.S.), BASF SE (Germany), Bayer AG (Germany), Sekisui Chemical Ltd. (Japan), Huntsman Corporation (U.S.), Trelleborg AB (Sweden), Inoac Corporation (Japan), Recticel NV/SA (Belgium), Vita (Lux III), Armacell GmbH (Luxembourg), Foamcraft Inc. (U.S.), FoamPartner Group (Switzerland), Future Foam Inc. (U.S.)”.
|Report Attributes||Report Details|
|Report Title||Engineered Foams Market Research Report|
|By Type||Flexible, Rigid, Spray|
|By Application||Aerospace & Defense, Medical & Healthcare, Transportation, Manufacturing & Construction|
|By Companies||DoW Chemical Company (U.S.), BASF SE (Germany), Bayer AG (Germany), Sekisui Chemical Ltd. (Japan), Huntsman Corporation (U.S.), Trelleborg AB (Sweden), Inoac Corporation (Japan), Recticel NV/SA (Belgium), Vita (Lux III), Armacell GmbH (Luxembourg), Foamcraft Inc. (U.S.), FoamPartner Group (Switzerland), Future Foam Inc. (U.S.)|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||214|
|Number of Tables & Figures||150|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Flexible, Rigid, Spray and By Application Aerospace & Defense, Medical & Healthcare, Transportation, Manufacturing & Construction.
Some of the companies that are profiled in this report are:
Engineered Foams Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Engineered Foams Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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