High performance foam market to register CAGR of 9.9% between 2015 and 2020

11-Sep-15

The global market value of the high performance foam is projected to reach US$2,026.24 mln by 2020, registering a CAGR of 9.9% between 2015 and 2020, as per Research and Markets. The global high performance foam market, along with its end use industry, showed good growth in the past few years and is expected to continue so in the coming years. An increase in the demand for foam in various end use industry such as construction, electronics, automotives, railways, aerospace, electronics, and others will be the key influencing factor for the global high performance foam market. The market for high performance foam in Asia-Pacific is one of the largest in the world and is estimated to witness the highest CAGR between 2015 and 2020. Countries such as China, Japan, and India is expected to lead the Asia-Pacific high performance foam market, with China accounting for the largest share of the market in terms of regional volumetric consumption. The market volume of high performance foam is comparatively low in the RoW region, but, it is estimated to see a good growth in the future. The North America and the Asia-Pacific regions are the most active markets in the world in terms of strategic initiatives undertaken by the key players to meet the market demands.