PUBLISHER: The Business Research Company | PRODUCT CODE: 1662362
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662362
Technical foam encompasses foam materials that utilize diverse rubber and polymer blends, engineered to exhibit application-specific properties like filtering, packaging, sound insulation, cleaning, and sealing.
The primary product forms of technical foam include flexible, rigid, and spray variants. Flexible foam possesses the ability to bend or be flexed easily without fracturing. The materials employed in technical foam production encompass expanded foam, polyethylene, elastomeric compounds, polyurethane, melamine, phenolic resins, ethyl vinyl acetate, and various others. These foams find applications across a spectrum of industries such as automotive and transportation, electrical and electronics, building and construction, medical, sporting equipment, packaging, and other sectors.
The technical foam market research report is one of a series of new reports from The Business Research Company that provides technical foam market statistics, including technical foam industry global market size, regional shares, competitors with a technical foam market share, detailed technical foam market segments, market trends and opportunities, and any further data you may need to thrive in the technical foam industry. This technical foam market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The technical foam market size has grown strongly in recent years. It will grow from $36.46 billion in 2024 to $39.07 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to construction sector growth, electronics and gadgets, aerospace industry utilization, consumer goods, manufacturing advancements.
The technical foam market size is expected to see strong growth in the next few years. It will grow to $53.31 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to customization and personalization, supply chain optimization, adoption of recyclable materials, R&D investments, urbanization and infrastructure needs. Major trends in the forecast period include innovation in material science, technological advancements, collaborations.
An anticipated increase in automobile demand is projected to drive the growth of the technical foam market. An automobile is a passenger vehicle designed for road use, typically featuring four-wheel drive and powered by a gasoline or diesel internal combustion engine. Automotive foams are utilized for cushioning and sound management in components such as windscreens, instrument panels, door panels, and headliners. Consequently, the rising demand for automobiles is boosting the technical foam market. For instance, in May 2024, the GOV.UK reported that by the end of December 2023, the UK had 41.2 million licensed vehicles, marking a 1% increase from December 2022, which included 1,015,000 licensed zero-emission vehicles-a 47% rise-of which 931,000 were zero-emission cars, reflecting a 48% increase. Thus, the growing automobile demand is fueling the technical foam market's growth.
The expansion of construction and infrastructure projects is expected to enhance the growth of the technical foam market. Construction and infrastructure projects involve plans to construct, maintain, and care for essential systems, services, and facilities, providing solutions for economic growth in various sectors. In these projects, technical foams serve as thermal insulation, soundproofing, and structural components, adapting to irregular surfaces and delivering excellent sealing properties. For example, in September 2023, a report from the US Census Bureau estimated total construction spending for that month at a seasonally adjusted annual rate of $1,996.5 billion, exceeding the revised August estimate of $1,988.3 billion. Therefore, the increasing construction and infrastructure activities are driving the technical foam market's growth.
Prominent companies in the technical foam market are concentrating on developing innovative solutions, such as water foam technology, to improve performance, decrease environmental impact, and meet the changing needs of various industries. Water foam technology refers to a method of creating foam using water as a primary ingredient, which reduces the reliance on harmful chemicals and solvents. For instance, in July 2023, CET Group Co., Ltd., a China-based manufacturer in the OA industry, launched an innovative water foam technology for lower fuser rollers, featuring a sponge-like design with a finer molecular structure that enhances performance compared to traditional silicone rollers. The new roller has a NIP width of 15mm, which is 7mm wider than standard options, resulting in improved efficiency and contact area. This technology enables rapid energy absorption and release, optimizing the fusing process while lowering energy consumption.
Key companies in the technical foam market are engaging in strategic collaborations with major manufacturing firms to strengthen their market presence. These collaborations allow companies to partner with others that possess the expertise needed to turn innovative concepts into reality. In September 2023, Selena FM S.A., a Poland-based construction chemicals company, partnered with Covestro AG, a Germany-based manufacturer of polyurethane and polycarbonate raw materials, to develop a line of more environmentally friendly polyurethane foams that enhance building thermal insulation. This strategic alliance embodies both companies' commitment to a co-creative approach aimed at driving sustainable change in the construction sector.
In June 2022, Wm. T. Burnett & Co., a US-based manufacturer of technical foam and nonwoven products, acquired Flex Foam for an undisclosed sum. This acquisition is strategically aligned with Wm. T. Burnett's goal to build on its rich history of innovation within the polyurethane industry in the Western United States. Flex Foam is a US-based company specializing in polyurethane foam manufacturing, providing engineered and technical foam solutions for the healthcare sector.
Major companies operating in the technical foam market are Armacell International Holding, BASF SE, Woodbridge Company Ltd., Dow Inc., Sekisui Chemical Co. Ltd., Recticel NV, UFP Technologies Inc., INOAC Corporation, Kaneka Corporation, Saudi Basic Industries Corporation, Sealed Air Corporation, Zotefoams PLC, Lanxess AG, Foampartner Group, MH Polymers Private Limited, Covestro AG, Furukawa Electric Co. Ltd., Huntsman Corporation, Trelleborg AB, Rogers Corporation, Wanhua Chemical Group Co. Ltd., Synthos S.A., Versalis S.p.A., Nova Chemicals Corporation, Foam Products Corporation
Asia-Pacific was the largest region in the technical foam market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the technical foam market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the technical foam market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The technical foam market consists of sales of hydrophilic foams, filter foams, and high-density foams. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Technical Foam Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on technical foam market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for technical foam ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The technical foam market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.