Global High Performance Foam is Estimated to be USD 1,263.65 Million in 2015

Date: 2015-08-17

“The global high performance foam market report  segments the market on the basis of type, application, and region. The market data for these segments are given with respect to volume (kilotons) and value (USD million). The global market value of high performance foam is estimated to be USD 1,263.65 million in 2015 and is projected to witness a CAGR of about 9.9% between 2015 and 2020. 

The global market for high performance foam has been analyzed by adopting the Porter鈥檚 Five Forces model. This analysis gives an idea about the current scenario of the industry at the global level. The study provides the value chain analysis with respect to the technology providers, foam manufacturers, and end-user industries. The value chain describes the key contributors to the high performance foam market at different stages from product development to end use. It also represents the top players which are contributing significantly to the global high performance foam industry.

The major drivers, restraints, challenges, and opportunities in the market is also illustrated in the report. The drivers of high performance foam are increase in demand from end user industries such as automobile, construction, electronics, and others from emerging countries such as China, India, and Brazil. The economic slowdown in Europe and the U.S. also affected the economy of other developed countries and the price volatility of the high performance foam in the past made the market more strained for the end use applications.

The key companies in this market are Rogers Corporation (U.S.), JSP Corportion (Japan), Evonik Corportion (Germany), BASF S.E.(Germany), The Dow Chemical Company (U.S.), Armacell (Germany), Zotefoams PLC (U.K.), Saint Gobain (Paris), Solvay (Belgium), and other players. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and serve their customers more effectively. Expansion is the most preferred strategies adopted by the top players to capture the market in developing economies. 


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