High Heat Foam Market Will Grow At A CAGR Of 5.0% From 2016 To 2024
New Market Research Reports Title “High Heat Foam Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database
The global High Heat Foam Market is expected to reach USD 13.89 billion by 2024, according to a new report by Grand View Research, Inc. 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.
Automotive was the leading consumer and accounted for 32.5% of global demand in 2015. 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.
Browse full research report on Global High Heat Foam Market: http://www.grandviewresearch.com/industry-analysis/high-heat-foam-market
Further key findings from the report suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the High Heat Foam Market on the basis of product, application and region:
Global High Heat Foams Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
Global High Heat Foams Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
Global High Heat Foams Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-high-heat-foam-market
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