테크니컬 폼 시장 : 세계 산업 규모, 점유율, 동향, 기회, 예측 - 형태별, 최종사용자별, 지역별, 경쟁별(2019-2029년)

Global Technical Foam Market was valued at USD 12.25 Billion in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 3.86% through 2029. Technical foam, also known as engineered foam, provides innovative solutions to a wide range of design challenges. With its exceptional flexibility, resilience, and energy absorption capabilities, this versatile material has gained significant traction across various sectors, leading to a remarkable surge in the global market.

Within the automotive industry, technical foam has emerged as a pivotal driving force. As the demand for lightweight materials continues to rise, driven by the need to improve fuel efficiency and meet stringent environmental regulations, the utilization of technical foam in vehicle manufacturing has witnessed exponential growth. Its applications span across seat cushions, headrests, armrests, and sound insulation, elevating the safety and comfort of vehicles to new heights.

In the construction sector, technical foam has found widespread use as an insulation material, revolutionizing energy efficiency and contributing to the reduction of carbon emissions. With the global emphasis on sustainable and green building practices gaining momentum, the demand for technical foam has experienced a substantial boost, positioning it as a key component in sustainable construction solutions.

Despite its promising potential, the technical foam market encounters challenges such as fluctuating raw material prices and environmental concerns associated with foam disposal. To overcome these hurdles, companies are actively investing in research and development initiatives, striving to develop eco-friendly and cost-effective alternatives that meet both industry demands and environmental standards.

Key Market Drivers

Growing Demand of Technical Foam in Automotive Industry

Technical foam, renowned for its exceptional lightweight, durability, and outstanding thermal insulation properties, has emerged as an indispensable material in the realm of vehicle manufacturing. As the automotive industry continues to prioritize fuel efficiency and adhere to stringent environmental regulations, the adoption of lightweight materials such as technical foam has gained significant momentum, rendering it an absolute necessity.

The versatility of technical foam is truly remarkable, finding extensive utilization across various applications within vehicle production. Notably, it finds its way into seat cushions, headrests, and armrests, elevating the levels of comfort and safety experienced by occupants. Also, technical foam acts as an exceptional sound insulator, effectively dampening noise and minimizing vibrations within the vehicle's cabin, thus enhancing the overall auditory experience.

As automakers relentlessly pursue the creation of energy-efficient vehicles, the demand for lightweight materials like technical foam is poised to witness a substantial surge in the foreseeable future. Moreover, the advent of electric vehicles (EVs) has ushered in a new era, presenting exciting possibilities for the utilization of technical foam. Given that EVs necessitate efficient thermal management systems to effectively cool batteries and other vital components, the exceptional thermal insulation properties exhibited by technical foam make it an ideal and prudent choice.

With technical foam's unparalleled attributes and its ability to cater to the evolving needs of the automotive industry, it undoubtedly stands as a paramount material, poised to play a pivotal role in shaping the future of vehicle manufacturing.

Growing Demand of Technical Foam in Construction Industry

Technical foam, renowned for its lightweight nature, exceptional durability, and remarkable thermal insulation properties, is becoming an indispensable material in the construction industry. As the industry continues to adopt more sustainable and energy-efficient practices, the demand for technical foam has experienced a significant upsurge.

Within the realm of construction, technical foam finds its primary use in insulation applications. By enhancing a building's energy efficiency, it plays a crucial role in reducing heating and cooling costs. This becomes particularly vital in light of the escalating global focus on reducing carbon emissions and fostering sustainability.

However, the utility of technical foam extends beyond insulation alone. It also finds application in concrete production, where it offers lightweight solutions for structural components, ensuring durability without compromising on strength. Moreover, due to its excellent bonding properties, technical foam is incorporated into construction sealants and adhesives, providing reliable and long-lasting connections between various building materials.

Embracing technical foam in the construction industry not only contributes to enhanced performance but also aligns with the overarching goal of creating more sustainable and eco-friendly structures. Its versatility and multifaceted benefits make it an essential component in modern construction practices, revolutionizing the way buildings are designed and built.

Key Market Challenges

Volatility in Price and Availability of Raw Materials

Technical foam, renowned for its lightweight, durability, and exceptional thermal insulation properties, relies heavily on key feedstock materials such as toluene. The high costs associated with these materials often exert pricing pressures on consumer foam manufacturers, impacting their profitability.

Also, the availability of raw materials plays a crucial role in the manufacturing process. Unpredictable changes in the supply chain can lead to significant fluctuations in production levels, causing instability in the market. For instance, the price volatility of polyethylene (PE) and polypropylene (PP), which are widely used for producing polyolefin foam, can have a substantial impact on the growth of the market.

The challenges related to the pricing and availability of raw materials are not limited to the consumer foam market alone. The polymer foam market, another significant segment, also faces difficulties due to fluctuations in raw material prices, affecting the overall profitability of foam manufacturers.

Moreover, the automotive sector, a major consumer of technical foam, is not immune to these challenges. The volatility in the prices of raw materials can impede the growth trajectory of the US automotive expanded polypropylene (EPP) foam market. As the automotive industry relies on technical foam for various applications such as vehicle interiors, sound insulation, and impact protection, any disruption in the supply chain can have far-reaching consequences.

Key Market Trends

Growing Focus on Sustainability

Technical foam, renowned for its lightweight, durability, and exceptional thermal insulation properties, has found widespread use across various industries. Its unique combination of characteristics makes it an ideal choice for applications where weight reduction, long-lasting performance, and efficient thermal management are crucial.

However, in recent years, there has been a growing concern about the environmental impact associated with traditional foam materials. As the world grapples with issues of environmental degradation and climate change, there is an increasing demand for more sustainable alternatives.

One significant trend in the market is the shift towards eco-friendly and sustainable foam materials. Manufacturers are now prioritizing the development of foams that not only offer high-performance attributes but also have minimal impact on the environment throughout their life cycle. These advancements are driven by the mounting demand for energy-efficient and sustainable materials, as industries strive to reduce their carbon footprint to and contribute to a greener future.

Likewise, an emerging trend in the foam industry is the rising demand for bio-based foams. With the global focus on sustainability and the growing popularity of eco-friendly goods, the demand for foams derived from renewable sources is steadily increasing. Bio-based foams, derived from natural feedstocks such as plant oils or agricultural waste, offer a promising solution with their lower environmental impact and reduced reliance on fossil fuel-based materials.

Segmental Insights

Form Insights

Based on Form, Flexible have emerged as the fastest growing segment in the global market for technical foam in 2023. Flexible foam, as the name suggests, is a highly versatile material that offers numerous advantages in various applications. Due to its unique properties and characteristics, it has become the preferred choice in the technical foam market. One of the key reasons for the dominance of flexible foam is its exceptional adaptability. It can be easily molded into different shapes and sizes, allowing for customized solutions to meet specific requirements. This flexibility makes it suitable for a wide range of industries, including automotive, furniture, and packaging. In addition to its versatility, flexible foam stands out in the global polyurethane (PU) foam industry due to its outstanding properties. Its lightweight nature makes it ideal for applications where weight reduction is crucial, such as in automotive components or portable devices. The enhanced cushioning provided by flexible foam ensures optimal comfort and support, making it highly sought after in the furniture and bedding sectors.

End User Insights

Based on End User, Automotive & Transportation have emerged as the fastest growing segment in the Global Technical Foam Market during the forecast period. With the growing demand for fuel efficiency in vehicles, manufacturers are recognizing the advantages of incorporating lightweight materials. Technical foam, known for its exceptional strength-to-weight ratio, perfectly aligns with this requirement. By reducing the overall weight of the vehicle, technical foam not only enhances fuel efficiency but also contributes to reduced emissions, making it an eco-friendly choice. Apart from its weight-saving benefits, technical foam offers impressive versatility and performance. Its ability to be easily molded into various shapes and sizes makes it an ideal material for a wide range of automotive applications. From providing comfortable seating and effective insulation to ensuring reliable gaskets, technical foam excels in meeting the diverse needs of the automotive industry.

Regional Insights

Based on Region, Asia Pacific have emerged as the dominant region in the Global Technical Foam Market in 2023, holding the largest market share in terms of value. The massive demand for foams in the construction and packaging industries is attributed to several factors. One of the main drivers is the growing economies in the Asia Pacific region, which have been actively procuring foreign equipment to enhance their production efficiency. Additionally, industry players have adopted various business expansion strategies, such as establishing new manufacturing facilities and forming strategic partnerships. These initiatives have not only increased the overall production capacity in Asia Pacific but have also led to advancements in foam technology and improved product quality. As a result, the region has become a key player in the global foam market, catering to the ever-increasing needs of industries worldwide.

Key Market Players

Armacell LLC

BASF SE

Covestro AG

The Dow Chemical Company

Furukawa Electric Co. Ltd.

Huntsman International LLC

Kaneka Corporation

Recticel NV/SA

Rogers Corporation

SABIC

Report Scope:

In this report, the Global Technical Foam Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Technical Foam Market, By Form:

Flexible Rigid Spray

Technical Foam Market, By End User:

Automotive & Transportation Electrical and Electronics Building & Construction Medical Sporting equipment Packaging Others

Technical Foam Market, By Region:

North America

United States

Canada

Mexico

Europe

France

United Kingdom

Italy

Germany

Spain

Asia Pacific

China

India

Japan

Australia

South Korea

South America

Brazil

Argentina

Colombia

Middle East & Africa

South Africa

Saudi Arabia

UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Technical Foam Market.

Available Customizations:

Global Technical Foam Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Impact of COVID-19 on Global Technical Foam Market

5. Global Technical Foam Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Form (Flexible, Rigid, Spray)
  • 5.2.2. By End User (Automotive & Transportation, Electrical and Electronics, Building & Construction, Medical, Sporting equipment, Packaging, Others)
  • 5.2.3. By Region
  • 5.2.4. By Company (2023)
• 5.3. Market Map

6. Asia Pacific Technical Foam Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Form
  • 6.2.2. By End User
  • 6.2.3. By Country
• 6.3. Asia Pacific: Country Analysis
  • 6.3.1. China Technical Foam Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Form
      • 6.3.1.2.2. By End User
  • 6.3.2. India Technical Foam Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Form
      • 6.3.2.2.2. By End User
  • 6.3.3. Australia Technical Foam Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Form
      • 6.3.3.2.2. By End User
  • 6.3.4. Japan Technical Foam Market Outlook
    • 6.3.4.1. Market Size & Forecast
      • 6.3.4.1.1. By Value
    • 6.3.4.2. Market Share & Forecast
      • 6.3.4.2.1. By Form
      • 6.3.4.2.2. By End User
  • 6.3.5. South Korea Technical Foam Market Outlook
    • 6.3.5.1. Market Size & Forecast
      • 6.3.5.1.1. By Value
    • 6.3.5.2. Market Share & Forecast
      • 6.3.5.2.1. By Form
      • 6.3.5.2.2. By End User

7. Europe Technical Foam Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Form
  • 7.2.2. By End User
  • 7.2.3. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. France Technical Foam Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Form
      • 7.3.1.2.2. By End User
  • 7.3.2. Germany Technical Foam Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Form
      • 7.3.2.2.2. By End User
  • 7.3.3. Spain Technical Foam Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Form
      • 7.3.3.2.2. By End User
  • 7.3.4. Italy Technical Foam Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Form
      • 7.3.4.2.2. By End User
  • 7.3.5. United Kingdom Technical Foam Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Form
      • 7.3.5.2.2. By End User

8. North America Technical Foam Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Form
  • 8.2.2. By End User
  • 8.2.3. By Country
• 8.3. North America: Country Analysis
  • 8.3.1. United States Technical Foam Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Form
      • 8.3.1.2.2. By End User
  • 8.3.2. Mexico Technical Foam Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Form
      • 8.3.2.2.2. By End User
  • 8.3.3. Canada Technical Foam Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Form
      • 8.3.3.2.2. By End User

9. South America Technical Foam Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Form
  • 9.2.2. By End User
  • 9.2.3. By Country
• 9.3. South America: Country Analysis
  • 9.3.1. Brazil Technical Foam Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Form
      • 9.3.1.2.2. By End User
  • 9.3.2. Argentina Technical Foam Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Form
      • 9.3.2.2.2. By End User
  • 9.3.3. Colombia Technical Foam Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Form
      • 9.3.3.2.2. By End User

10. Middle East and Africa Technical Foam Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Form
  • 10.2.2. By End User
  • 10.2.3. By Country
• 10.3. MEA: Country Analysis
  • 10.3.1. South Africa Technical Foam Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Form
      • 10.3.1.2.2. By End User
  • 10.3.2. Saudi Arabia Technical Foam Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Form
      • 10.3.2.2.2. By End User
  • 10.3.3. UAE Technical Foam Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Form
      • 10.3.3.2.2. By End User

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Recent Developments
• 12.2. Product Launches
• 12.3. Mergers & Acquisitions

13. Global Technical Foam Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Product

15. PESTLE Analysis

16. Competitive Landscape

• 16.1. Armacell LLC
  • 16.1.1. Business Overview
  • 16.1.2. Company Snapshot
  • 16.1.3. Products & Services
  • 16.1.4. Financials (As Reported)
  • 16.1.5. Recent Developments
• 16.2. BASF SE
• 16.3. Covestro AG
• 16.4. The Dow Chemical Company
• 16.5. Furukawa Electric Co. Ltd.
• 16.6. Huntsman International LLC
• 16.7. Kaneka Corporation
• 16.8. Recticel NV/SA
• 16.9. Rogers Corporation
• 16.10. SABIC

17. Strategic Recommendations

18. About Us & Disclaimer