Press release
Technical Foam Market Report 2024 - Technical Foam Market Growth, Demand And Opportunities
Technical Foam Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=8310&type=smp
According to The Business Research Company's, The technical foam market size has grown strongly in recent years. It will grow from $34.14 billion in 2023 to $36.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to construction sector growth, electronics and gadgets, aerospace industry utilization, consumer goods, manufacturing advancements.
The technical foam market size is expected to see strong growth in the next few years. It will grow to $48.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to customization and personalization, supply chain optimization, adoption of recyclable materials, r&d investments, urbanization and infrastructure needs. Major trends in the forecast period include innovation in material science, technological advancements, collaborations.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/technical-foam-global-market-report
Market Drivers and Trends:
Growing construction and infrastructure projects are expected to propel the growth of the technical foam market going forward. Construction and Infrastructure Projects refers to a proposed plan to construct, maintain, and care for infrastructure systems, services, and facilities. It contains the facility to provide solutions to get ready for economic growth in enhanced and strategic life businesses. In construction and infrastructure projects, technical foams are used as thermal insulation, soundproofing, and structural components to conform to irregular surfaces and provide excellent sealing properties. For instance, in September 2023, according to a report issued by the Census Bureau, a US-based agency responsible for collecting and producing various demographic, economic, and social data about the United States and its population, total construction spending during September 2023 was estimated at a seasonally adjusted annual rate of $1,996.5 billion, which is above the revised August estimate of $1,988.3 billion. Therefore, the growing construction and infrastructure projects are driving the growth of the technical foam market.
Technological advancements are a key trend gaining popularity in the technical foam market. Major companies operating in the technical foam market are focused on developing new technological solutions to strengthen their position in the market. For instance, in January 2021, SABIC, a Saudi Arabia-based company operating in technical foam, launched the LNP COLORCOMP WQ117945 compound, a breakthrough material based on advanced nanotechnology. This compound facilitates the efficient production of polyethylene terephthalate (PET) foams for core materials in sandwich structures that improve control over nucleation and cell growth and shear strength or strain properties for better fatigue performance. These foams address the evolving needs of various industries, such as building and construction, wind energy, marine, and packaging.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Armacell International Holding, BASF SE, Woodbridge Company Ltd., Dow Inc., Sekisui Chemical Co. Ltd., Recticel NV, UFP Technologies Inc., INOAC Corporation, Kaneka Corporation, Saudi Basic Industries Corporation, Sealed Air Corporation, Zotefoams plc, Lanxess AG, Foampartner Group, MH Polymers Private Limited, Covestro AG, Furukawa Electric Co. Ltd., Huntsman Corporation, Trelleborg AB, Rogers Corporation, Wanhua Chemical Group Co. Ltd., Synthos S.A., Versalis S.p.A., Total S.A., Nova Chemicals Corporation, Tucson Container Corporation, Polyfoam Corporation, Foamex International Inc., Foam Products Corporation
Technical Foam Market 2024 Key Insights:
• The technical foam market size is expected to see strong growth in the next few years. It will grow to $48.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
• Surge In Automobile Demand Accelerates Technical Foam Market Growth
• Sabic Pioneers Nanotechnology Breakthrough In Technical Foam Evolution
• Asia-Pacific was the largest region in the technical foam market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=8310&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Technical Foam Market Report 2024 - Technical Foam Market Growth, Demand And Opportunities here
News-ID: 3742770 • Views: …
More Releases from The Business research company
Growing Adoption Of Ornamental Fish Fueling The Growth Of The Market Due To Risi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Aquarium Industry Market Size Be by 2025?
The size of the aquarium market has seen significant expansion in the past few years. Projected growth indicates an increase from $5.03 billion in 2024 to $5.43 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.9%.…
Flexible Office Market Trends That Will Shape the Next Decade: Insights from Tra …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Flexible Office Market Size By 2025?
Over recent years, there has been a notable increase in the size of the flexible office market. It's projected to escalate from a worth of $41.61 billion in 2024 to an estimated value of $48.33 billion in 2025, a…
2025-2034 Air Carbon Arc Gouging Service Market Outlook: Key Drivers, Emerging C …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Air Carbon Arc Gouging Service Industry Market Size Be by 2025?
The market size for air carbon arc gouging service has seen significant growth recently. Its anticipated growth is from $1.20 billion in 2024 to $1.27 billion in 2025, registering a compound annual growth rate (CAGR)…
Growing Adoption Of Cloud-Based Services Fueling The Growth Of The Market Due To …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Financial Statement Service Market Through 2025?
The market size of financial statement services has significantly expanded over the recent past. It is set to expand from a worth of $16.36 billion in 2024 to a whopping $17.83 billion in 2025, demonstrating an…
More Releases for Foam
Foam Concentrate Market: High-growth Regions to Expand Geographic Footprint | Ch …
"This research study presents a comprehensive compilation of insightful findings concerning key aspects of the global Foam Concentrate industry, impacting its growth trajectory over the forecast period from 2023 to 2029. The report sheds light on the evolving sales trends of various tech products across different regions and countries, highlighting both growth and decline. A detailed regional analysis is a crucial part of this Foam Concentrate report, offering a meticulous…
Packaging Foams Market Report with Forecast 2020-2025 | Top Key Players: BASF, A …
Global Packaging Foams market would thus note a steady growth over the forecast period of 2020 - 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Packaging Foams market. In, turn, this will lead to improvement in market worth.
Request a PDF sample of this report: https://www.adroitmarketresearch.com/contacts/request-sample/1415
Global Packaging Foams Market: Notable Development
Global Packaging Foams market is set to…
Technical Foam Services Develops Innovative New Scaffold Foam
Northamptonshire, United Kingdom (8th February, 2013) - Technical Foam Services Ltd, a leading independent engineer-based manufacturer and foam producer, announces the creation of a new scaffold foam.
Technical Foam Services Ltd and their strategic construction partner have been working in unison to develop the Closed Cell PE Scaffold Foam, which uses high density polyethylene foam to offer protection against work equipment damage to decorated surfaces. The scaffold foam also uses a…
Technical Foam Services Creates Foam Inserts for Rak Ceramics
Northamptonshire, United Kingdom (18th February, 2013) - Technical Foam Services Ltd, a leading independent engineering-based manufacturer and foam producer, earlier this month secured a contract with leading ceramic tile design and manufacturer Rak Ceramics.
Rak Ceramics specialises in offering a range of high-quality ceramic tiles, distributing their products to DIY retailers and kitchen designers nationwide.
Sales representatives from the company were becoming increasingly concerned with the loss and damage of these tiles…
Technical Foam Services Manufactures Cancer Prevention Foam
Northamptonshire, United Kingdom (17 June, 2011) - Technical Foam Services, a leading independent engineering-based manufacturer and foam producer, is proud to have been part of an exciting new development in the world of cancer prevention.
A far cheaper and more patient-friendly method has been developed by the UK Medical Research Council, which involves the use of a reticulated foam sponge encapsulated within a pill. Once the pill is swallowed, it dissolves…
Technical Foam Services Expand Range of Foam Insert Fabrics
Northamptonshire, United Kingdom (19th May, 2011) – Technical Foam Services, a leading independent engineering-biased manufacturer and foam producer, has expanded their range of fabrics to be used with foam inserts.
Technical Foam Services have long been recognised as the UK’s leading supplier of foam inserts, producing them for a wide variety of applications, such as large suitcase inserts suitable for holding ceramics and glassware through to small inserts used…
