Analysis of the Global High-performance (HP) Foams Market
Executive Summary—Key Findings
Source: Frost & Sullivan
The global high-performance (HP) foams market generated revenue of $ million in 2013, with a base year growth rate of %. Despite the recent economic downturn, favorable long-term industrial trends should help the market grow to $ million by 2018, with a total market revenue compound annual growth rate (CAGR) of %.
Total market revenue is expected to show an increasing trend over the next 5 years. This can be primarily attributed to economic growth across regions, Mega Trend growth in infrastructure and emerging technologies, and sustainability and cost reduction initiatives to improve performance and value.
While total market revenue is expected to continue increasing, there are still many factors that hamper growth, such as higher raw material costs, slow development of regulatory standards in developing regions, and the presence of substitutes.
While some of these technologies are mature, companies have focused on serving state-of-the-art applications fueled by market demand. Market leaders continue to invest in innovation, focusing on functional building blocks, new combinations of materials, and innovations in material processing.
About this report
This research service identifies the major industry drivers, restraints, regional trends, and segment trends in the global HP foams market. The research covers 4 regions: North America, Europe, Asia-Pacific, and Rest of World and accounts for revenue generated from urethane, silicone, and polyvinylidene fluoride (PVDF) foams used in construction and transportation (automotive, rail, and aerospace) applications. Competitive structure and dynamics have been provided at the segment level. Unit shipment, revenue forecasts, and pricing trends are also provided for each segment. The base year is 2013, and the forecast period is from 2014 to 2018.
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