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Technical Foam Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global technical foam market reached a value of US$ 29.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 40.4 Billion by 2027, exhibiting a growth rate (CAGR) of 5.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Technical foam relies on rubber and polymer blends developed for different industrial and commercial applications, such as filtering, sealing and sound insulation. It is lightweight, durable, robust, mildew resistant, and skin-friendly and offers resistance against heat. As a result, it is employed in the electronics, aviation, marine, and packaging industries. At present, there is a significant increase in the investments made by homeowners to maintain their floors, roofs, and walls, which is catalyzing the demand for technical foam across the globe.

 

 
 

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Technical Foam Market Trends:

Rising building and construction activities represent one of the key factors positively influencing the market. Moreover, technical foam is extensively utilized in the automotive industry as it helps reduce the weight of insulation and improve the fuel efficiency of vehicles. It is also used in electric vehicles (EVs) for foam compression and providing protection against shock and rattling in battery components. Moreover, technical foam comprises polyurethane (PU) foam, which has high mechanical strength and low density, heat conduction coefficient, and water absorption properties. As a result, it is employed in catheters, general-purpose tubing, surgical drapes, hospital bedding, wound dressings, and short-term implants in the healthcare industry. In addition, PU foam finds applications as a cushioning material for gymnastics, martial arts, judo, wrestling, and agility mats in schools, sports halls, and leisure and climbing centers. Apart from this, key players are introducing bio-based product variants that are made using renewable resources. This, coupled with rising technological advancements, is fueling the growth of the market. Other factors, including rapid industrialization and the growing requirement for acoustic solutions to tackle noise pollution, are anticipated to create a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global technical foam market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product form, material and end use industry.

Breakup by Product Form:

 

 
 

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  • 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:

 

 
 

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  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Form, Material, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Technical Foam Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Form
    6.1    Flexible
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Rigid
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Spray
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Material
    7.1    Elastomeric
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Polyurethane
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Polyethylene
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by End Use Industry
    8.1    Automotive and Transportation
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Electrical and Electronics
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Building and Construction
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Medical
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Sporting Equipment
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Packaging
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Armacell
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    BASF SE
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Covestro AG
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Dow Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Huntsman Corporation
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Kaneka Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Recticel
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    Saudi Basic Industries Corporation (Saudi Aramco)
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Sealed Air Corporation
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Sekisui Chemical Co. Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
        14.3.11    Woodbridge
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Zotefoams Plc
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials

List of Figures

Figure 1: Global: Technical Foam Market: Major Drivers and Challenges
Figure 2: Global: Technical Foam Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Technical Foam Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Technical Foam Market: Breakup by Product Form (in %), 2021
Figure 5: Global: Technical Foam Market: Breakup by Material (in %), 2021
Figure 6: Global: Technical Foam Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Technical Foam Market: Breakup by Region (in %), 2021
Figure 8: Global: Technical Foam (Flexible) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Technical Foam (Flexible) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Technical Foam (Rigid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Technical Foam (Rigid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Technical Foam (Spray) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Technical Foam (Spray) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Technical Foam (Elastomeric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Technical Foam (Elastomeric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Technical Foam (Polyurethane) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Technical Foam (Polyurethane) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Technical Foam (Polyethylene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Technical Foam (Polyethylene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Technical Foam (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Technical Foam (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Technical Foam (Automotive and Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Technical Foam (Automotive and Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Technical Foam (Electrical and Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Technical Foam (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Technical Foam (Building and Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Technical Foam (Building and Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Technical Foam (Medical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Technical Foam (Medical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Technical Foam (Sporting Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Technical Foam (Sporting Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Technical Foam (Packaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Technical Foam (Packaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Technical Foam (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Technical Foam (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Technical Foam Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Technical Foam Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Technical Foam Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Technical Foam Industry: SWOT Analysis
Figure 86: Global: Technical Foam Industry: Value Chain Analysis
Figure 87: Global: Technical Foam Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Technical Foam Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Technical Foam Market Forecast: Breakup by Product Form (in Million US$), 2022-2027
Table 3: Global: Technical Foam Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 4: Global: Technical Foam Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Technical Foam Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Technical Foam Market: Competitive Structure
Table 7: Global: Technical Foam Market: Key Players


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Key Questions Answered in This Report

The global technical foam market was valued at US$ 29.3 Billion in 2021.

We expect the global technical foam market to exhibit a CAGR of 5.20% during 2022-2027.

The rising utilization of technical foam in electric vehicles for foam compression and providing protection against rattling in battery components is primarily driving the global technical foam market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries, thereby decreasing the demand for technical foam.

Based on the product form, the global technical foam market can be segmented into flexible, rigid, and spray. Currently, flexible technical foam holds the majority of the total market share.

Based on the material, the global technical foam market has been divided into elastomeric, polyurethane, polyethylene, and others. Among these, polyurethane currently exhibits a clear dominance in the market.

Based on the end use industry, the global technical foam market can be categorized into automotive and transportation, electrical and electronics, building and construction, medical, sporting equipment, packaging, and others. Currently, the automotive and transportation industry accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global technical foam market include 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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