Stratview Research delivers key insights on the global Technical Foam Market.

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.

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Market Insights

The Technical Foam Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.

Profiling Key Companies –

BASF SE, DOW INC.

FOAMPARTNER GROUP

FXI HOLDINGS, INC.

HUNTSMAN CORPORATION

INOAC CORPORATION

RECTICEL

SEKISUI CHEMICAL CO., LTD.

TRELLEBORG AB

UFP TECHNOLOGIES, INC.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Technical Foam Market value and growth drivers over the trend period of 2022-27. According to the report -

Technical Foam Market is likely to witness an impressive CAGR of 11.5% during the forecast period. Increasing demand for technical foam from the automotive & transportation industry and the growing demand for acoustic solutions to deal with noise pollution are the major factors fueling the growth of the technical foam market during the forecast period.

Segment Analysis:

Based on Form Type:

Based on the form type, the market is segmented as flexible foam, rigid foam, and spray foam. Flexible foam is expected to be the largest segment of the market during the forecast period, owing to its suitableness for the production of automotive seat cushioning, office equipment, and furniture for comfort and support. These foams are less expensive as compared to spray and rigid foam, and they also offer absorbing capacity due to which, they are preferably used in the packaging of electrical devices and medical wipes & swabs, driving the growth of the market.

Based on Region:

In terms of regions, Asia-Pacific is expected to be the largest as well as the fastest-growing market for technical foams during the forecast period, with China being the center of attraction for major consumers of technical foams in APAC. Factors such as the industrial development and improving economic conditions in the region are driving the growth of the market in APAC. Furthermore, to establish the presence in the region, various foreign players are adopting inorganic growth strategies, which in turn, is estimated to trigger further growth opportunities to the Asia-Pacific’s technical foam market during the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

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Covid Impact

This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.

• Appropriate market trend and forecast analysis.
• All-inclusive report
• Decent price-performance ratio
• Reliable data
• Attractive market segments and associated growth opportunities.

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