High Heat Foam Market Size To Reach $17.5 Billion By 2030

High Heat Foam Market Growth & Trends

The global high heat foam market size is expected to reach USD 17.5 billion in 2030 and is projected to grow at a CAGR of 6.7% from 2024 to 2030. Rising demand for high heat foams in automotive and aerospace industries is anticipated to drive the market over the forecast period. Growing automotive industry coupled with rising need for lightweight vehicles is expected to fuel industry growth over the forecast period. Need for fuel-efficient vehicles along with government regulations regarding automotive pollution is expected to further drive the market in near future. 

Growing aerospace industry is anticipated to fuel high heat foams demand over the forecast period. The surge in demand for high heat foams in sports and leisure applications, especially in the Asia Pacific, is also expected to impel high heat foams demand over the next eight years. 

The automotive application segment led the market and accounted for the largest revenue share of 31.2% in 2023. Increasing automotive production in China, India, Thailand, and Indonesia is expected to drive this segment over the forecast period. Aerospace also contributed significantly towards the overall market share in terms of revenue. This can be attributed to the high cost of aerospace grade high heat foams than that of other grades available in the market. Growth in the commercial aviation segment is expected to fuel high heat foams demand over the next eight years.

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High Heat Foam Market Report Highlights

• Silicone dominated the market and accounted for the largest revenue share of 34.5% in 2023. This growth is attributed to features such as heat resistance and thermal stability.

• The automotive application segment led the market and accounted for the largest revenue share of 31.2% in 2023. This growth is attributed to the increasing demand for lightweight materials as alternatives to metals to enhance fuel efficiency and reduce emissions. Furthermore, high-heat foams provide excellent thermal insulation, protecting sensitive components from engine heat

• The Asia Pacific high heat foam market dominated the global market and accounted for the largest revenue share of 45.7% in 2023

High Heat Foam Market Segmentation

Grand View Research has segmented the global high heat foam market report based on raw material, application, and region:

High Heat Foam Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Silicone

• Polyimide

• Melamine

• Polyethylene

• Others

High Heat Foam Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automotive

• Railway

• Industrial

• Aerospace

• Others

High Heat Foam Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

  • Indonesia

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in High Heat Foam Market

• BASF SE

• Rogers Corporation

• Evonik Industries AG

• SINOYQX

• puren gmbh

• UBE Corporation

• Intecfoams

• ARMACELL

• Waker Chemie AG

• SABIC

• 3M

• Dow

• DuPont

• Rath-Group

• Morgan Advanced Materials

• Knauf Insulation

• Grupo NUTEC

• Vitafoam Nig. PLC

• Saint-Gobain

• Stepan Company