High Heat Foam Market

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Asia-Pacific was the largest market for high heat foams, in terms of value and volume, in 2015. The region is also expected to witness high growth rate in the market, between 2016 and 2021. Rising investments by foreign companies; growing production facilities; strong industrial base for construction, packaging, and automotive sectors; and rise in standard of living are the other major factors contributing to the growth of the market in this region. The growing demand for energy-efficient, good insulator, and recyclable foam in automotive, railway, industrial, aerospace, and others has led to the growth of the high heat foam market in this region.

The market size of high heat foam is estimated to reach USD 11.37 Billion by 2021, at a CAGR of 8.2%, driven by energy efficiency and insulating properties. The market growth is attributed to the increasing demand from developing countries coupled with growing manufacturer’s preference in automotive and industrial applications.