IMARC Group, a leading market research company, has recently releases report titled “Technical Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global technical foam market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is The Technical Foam Market?

The global technical foam market size reached US$ 31.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

Technical foam is a specialized foam with unique characteristics and properties like high resistance to medical and industrial fluids. It comprises various rubber and polymer blends developed to achieve application-oriented properties, such as filtering, sound insulation, and sealing. It is widely employed as a packaging material in the food and beverage (F&B) industry as technical foam contains zero levels of volatile organic compounds (VOC). It is also utilized as a building material as it is capable of absorbing expansions and vibrations, insulating acoustically and thermally, and preventing humidity.

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What are the growth prospects and trends in the technical foam industry?

At present, the increasing demand for technical foam as it is durable, flexible, rigid, and spray represents one of the primary factors propelling the growth of the market.

Besides this, the rising employment of technical foam in the manufacturing of various sports equipment, such as bodyboards, soft boards, tatami mats, roll mats, swimming floats, and paddle rackets, is contributing to the growth of the market. In addition, the growing utilization of technical foams in the automotive industry to produce seat cushioning is offering a favorable market outlook.

Apart from this, the increasing adoption of technical foam for manufacturing medical wipes and swabs is supporting the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Form:

• Flexible

• Rigid

• Spray

Breakup by Material:

• Elastomeric

• Polyurethane

• Polyethylene

• Others

Breakup by End Use Industry:

• Automotive and Transportation

• Electrical and Electronics

• Building and Construction

• Medical

• Sporting Equipment

• Packaging

• Others

Breakup by Region:

• North America: (United States, Canada)

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America: (Brazil, Mexico, Others)

• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including: 

Armacell, BASF SE, Covestro AG, Dow Inc., Huntsman Corporation, Kaneka Corporation, Recticel, Saudi Basic Industries Corporation (Saudi Aramco), Sealed Air Corporation, Sekisui Chemical Co. Ltd., Woodbridge and Zotefoams Plc.

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