High Heat Foam Market Size, Share & Trend Analysis Report, By Product (Silicone, Polyimide, Melamine, Polyethylene), By Application (Automotive, Locomotive, Industrial, Aerospace) And Segment Forecasts To 2024

Industry Insights

The global high heat foam market size was USD 7.40 billion in 2015. Growing demand in industrial and automotive applications particularly in developing countries including India and Brazil is expected to be a key factor contributing to the market growth.

Rising awareness towards environmental benefits on using heat foam insulation and reduction in wastage of energy drawn from industries is anticipated to drive the industry growth over the forecast period.

The insulating property of foam and its energy efficiency coupled with environmental regulations is anticipated to increase the usage of foam in various industries including automotive, industrial, aerospace, and locomotive.

High-temperature foams prevent heat in an insulated area from escaping and entering into the insulated area. This eliminates the need for further consumption of energy. In automobiles, foam insulation can help reduce the amount of heat exiting and entering the interior of the car.

Governments in countries such as the U.S. have started incentivizing insulation use. This helps to lower amount of energy drawn from the central grid and helps in balancing out the supply-demand gap in power generation.

High heat foams market has been broadly segmented into three categories including product, application, and region. On the basis of product, high heat foams can be segmented into silicone, polyimide, melamine, and polyethylene. High heat foams can also be produced from other raw materials such as polystyrene.

Based on the application, high heat foams have been segmented into automotive, locomotive, industrial, and aerospace. These products can be used for various applications due to their superior qualities including high resistance and volatility. Heat foams in the construction industry provide buildings with more uniform temperatures throughout the space, producing a more comfortable occupant environment when outside temperatures are extremely cold or hot. These foams also help in reducing the vibration, noise, and limit the carbon footprint of a building.

Increasing demand for high heat foams from the automotive and aerospace industries is expected to drive the global high heat foams market. Increasing automotive demand coupled with rising need for lightweight vehicles is expected to fuel high heat foams market growth over the forecast period. Need for fuel-efficient vehicles along with government regulations regarding automotive pollution are expected to further drive the high heat foams market.

Product Insights

Silicone was the leading product segment in 2015 and is anticipated to witness considerable growth, at a CAGR of 5.3% from 2016 to 2024. Silicon high heat foams are widely used in North America to provide fire resistance and avoid the spread of smoke and fire between the rooms.

Melamine high heat foams accounted for 11.9% of the market in 2015. Benefits such as excellent thermal insulation and a high degree of sound absorption are expected to drive product demand in various applications with weight restrictions including aerospace and locomotive.

Polyimide High Heat Foam Market was worth USD 1,295.5 million in 2015. Benefits such as superior fire resistance, lightweight, and environmental friendly are expected to drive market growth over the forecast period.

Applications Insights

High heat foams demand in the automotive sector is expected to witness considerable growth at a CAGR of 5.3% from 2016 to 2024. High heat foam is widely used in the automotive sector as insulation owing to energy-saving benefits. During internal combustion, engines tend to produce more heat throughout their combustion cycle. These factors pose a negative impact when it reaches several heat-sensitive modules including batteries, starter motors, and sensors. High heat foams are therefore necessary to avoid the heat from the exhaust reaching these modules. High-performance cars extensively use high heat foams in the interiors to order to enhance the engine performance.

High-temperature foams demand in the industrial application segment was 341.2 kilotons in 2015 and is anticipated to witness the fastest growth at a CAGR of 5.5% from 2016 to 2024. The high growth may be attributed to increasing urbanization in developing countries coupled with growing demand for redevelopment and other renovation projects in the construction industry.

High heat foams demand in aerospace was valued USD 1,155.5 million in 2015. Polyimide products are used in the aerospace sector owing to rising demand for structural foam insulation capable of retaining strength over a wide range of environmental conditions.

Regional Insights

Asia Pacific high heat foams led the global industry and accounted for over 40% of global demand in 2015. Growing automotive industry in Japan, China, India, and South Korea is anticipated to drive product demand over the next eight years.

North America high heat foam market exceeded 250 kilotons in 2015 and is expected to witness stagnant growth over the forecast period. The high product demand in the region may be attributed to growing use in various applications including industrial and aerospace.

High Heat Foam Market Share Insights

Major players operating in the global high heat foams market include BASF SE, Intec Foams, Sabic, UBE Industries, Ltd., Sinoyqx, Armacell International S.A., Evonik Industries, Puren Gmbh, Wacker Chemie AG, and Rogers Corporation. Companies in the market are adopting various strategies such as new product development to increase market penetration.

For instance, Ube Industries launched Upilex foam BF303 series which is an open cell foam that provides high cryogenic and heat resistance coupled with low flammability and outgassing and is extensively used in aerospace and industries.

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