Bulkchemicals Market Reports High Heat Foam Market Research | Page 2

Your Catalyst To a Lucrative Business
Polyimide fetched revenues worth USD 1.3 billion in 2015. Its benefits include strong fire resistance, low
weight, and eco-friendliness. Melamine occupied 12% of the market in 2015. It could grow at a CAGR of 7.5% in
the forecast period. Its ability to offer excellent thermal insulation is driving its adoption in the aerospace
industry.
Applications comprise industrial, automotive, locomotive, aerospace, and others. Automotive, with 33% of the
market volumes, was the largest consumer in 2015. It should grow at a CAGR of 5.4% over the next eight years.
High heat foams are extensively used in the interiors of high performance cars to improve their engines’
capabilities. Aerospace applications accounted for USD 1.2 billion in 2015.
North America, Asia Pacific, Europe, Central & South America, and MEA (the Middle East & Africa) constitute
the regional segments. Asia Pacific reigned in 2015, with over 39% volumes. Demand in North America
exceeded 250 kilo tons in 2015. However, this region’s growth would be stagnant till 2024.
Key competitors in the global high heat foam market include Armacell International S.A., Wacker Chemie AG,
UBE Industries Ltd., Evonik Industries, and Rogers Corporation. They focus on development of new products to
gain market share.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/bulk-
chemicals-industry
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