logo
logo
Sign in

North America to Hold Leading Share of Syntactic Foams Market, Exclusive Report by MarketsandMarkets™

avatar
MarketsandMarkets™
North America to Hold Leading Share of Syntactic Foams Market, Exclusive Report by MarketsandMarkets™

The report "Syntactic Foam Market by Product Type, Matrix Type (Metal, Polymer, Ceramic), Chemistry, Form (Sheet & Rod, Blocks), Application (Marine& Subsea, Automotive & Transportation, Aerospace & Defense, Sports & Leisure), and Region - Global Forecast to 2025", size is expected to grow from USD 132 million in 2020 to USD 169 million by 2025, at a CAGR of 5.2% during the forecast period. Syntactic foam is used across industries, such as Marine& Subsea, Automotive & Transportation, Aerospace & Defense, Sports & Leisure, and Others. In the syntactic foam market, marine & subsea is the key end-use industry owing to the wide applications of these syntactic foam.

Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=49852579 


The polymer matrix is expected to dominate the global syntactic foam market during the forecast period.

The polymer matrix will continue to lead the syntactic foam market. The key driver for the growth of syntactic foam in this segment are rising demand from marine & subsea applications such as underwater robotics, vehicles, flotation, pumps, and oil & gas pipeline insulation.

Furthermore, the polymer matrix is also expected to be fastest growing segment during the forecast period due to increase in ultra and deep-water activity because of their superior properties such as low coefficient of thermal expansion, a high specific strength. The above mentioned factors are expected to drive the demand during forecast period.

APAC is expected to hold the largest market share in the global syntactic foam market during the forecast period.

North America accounted for the largest share of the Syntactic foam market in 2020. Factors such as the rapidly increasing consumption of syntactic foam in the marine & subsea industries in countries such as US, Canada, and Mexico have led to an increased demand for Syntactic foam in the North American region.

Share Your Requirements & Get Customized Reports at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=49852579  

ALSEAMAR (France), Trelleborg AB (Sweden), Diab (Sweden), Deepwater Buoyancy (New England), and CMT Materials (US) are the leading syntactic foam manufacturers, globally.

Have a Look at Related Research Insights:

  • Gas Mixtures Market by Mixture Type (O2, N2, Co2, AR, H2, and Specialty Gas), End-Use Industry (Chemical, Medical & Healthcare, Food & Beverage, Electronics), Storage & Distribution Mode (Tonnage, Merchant Liquid), & Region - Global Forecast
  • PMI Foam Market and Other High Performance Foam Core Market by Type (PMI, PES), by Application (A&D, Wind, Sporting Goods, Transportation), by A&D Sub-Application (Interior, Exterior), & by Region - Global Forecast 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441


collect
0
avatar
MarketsandMarkets™
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more