High Heat Melamine Foam Market - Global Industry Analysis

High Heat Melamine Foam Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2028

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6934 Status : Upcoming

Description

Global High Heat Melamine Foam Market: Overview

High heat melamine foam is made from formaldehyde melamine sodium bisulfite copolymer. It is a soft chemical adopted for insulation purposes in pipes and ductwork. Also, it acts as a soundproofing material for auditoriums, studios, and sound stages. It is widely used in sound and thermal insulation due to its superior thermal insulation properties. These are light in weight. Owing to its smoke and low frame properties, they widely help prevent fire hazards. These are very different from conventional foams. The unique combination of its properties makes it very ideal to use high heat melamine foam in many energy-efficient applications as a high-quality solution. Melamine foam is combined with several other materials to produce distinct products like insulating materials and magic erasers.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global High Heat Melamine Foam Market: Growth Factors

The global high heat melamine foam market is likely to spur significantly with a healthy CAGR of around 8.4% reaching a valuation of USD 212.9 million by 2028 due to the growing awareness among masses regarding the environmental benefits of high heat melamine foam insulation. Also, the reduction in wastage of energy from different sectors is further likely to offer ample impetus to the growth of the global high heat melamine foam market in the forthcoming years. The high-temperature foam prevents heat from entering and escaping into the insulated areas. This further eliminates the need for any energy requirement on installing other systems. Additionally, these also help lower the amount of heat into the interiors of the cars in the automobile sector, thereby gaining immense popularity in the automobile industry globally. The government authorities in different regions like the US have begun incentivizing insulation utilization. Also, it reduced the energy requirements from the central grid, thereby balancing the supply-demand gap in power generation. The growing demand from the aerospace and automobile sector is further likely to boost the growth of the global high heat melamine foam market exponentially during the forecast period. In the automotive sector, the demand for lightweight vehicles has been soaring in recent years; thereby, it is expected to scale up the requirement for high heat foam. The growing manufacturing of fuel-efficient vehicles will also strengthen the demand for high heat melamine foam. The outbreak of the Covid-19 pandemic has significantly impacted the growth trajectory of the global market, but the growth initiatives and surging trends in the market are likely to throw many strong growth prospects in forthcoming years. The fast proliferating construction sector globally is also likely to create several lucrative growth opportunities in the global high heat melamine foam market in the forthcoming years. Melamine foams are high in demand for different applications, including metal ceilings, suspended baffles, acoustic panels, buildings, and others, particularly from developing regions.

Global High Heat Melamine Foam Market: Segmentation

The global high heat melamine foam market can be segmented into end-user, application, and region.

By end-user, the market can be segmented into aerospace, industrial, railway, automotive, and others.

By application, the market can be segmented into sound gasketing, cleaning products, sound absorption, and others. The automotive segment accounts for the largest share in the global market owing to the energy-saving benefits of high heat melamine foam. Also, the construction sector is one of the fastest-growing segments in the global high heat melamine foam market due to the growing urbanization and industrialization globally.

Global High Heat Melamine Foam Market: Regional analysis

North America accounts for the largest share in the global high heat melamine foam market due to the presence of prominent market leaders in the region. Additionally, the growing construction activities in the region are likely to significantly propel the growth of the regional market during the forecast period.

Asia Pacific is expected to grow significantly during the forecast period due to the growing living standard of the people in the region. Furthermore, the rapid urbanization and industrialization in the region will also support the growth of the regional market.

Global High Heat Melamine Foam Market: Competitive Players

Some of the significant players in the global high heat melamine foam market include Zhejiang Ya Dina New Material Technology Co., Ltd., Wilhams Insulation Group, SINOYQX, Linyi Yingke Chemistry Co., Ltd., Haohua Junhua Group Co., Ltd., Evonik Industries AG, Clark Foam Products Corporation and Asian Glory Chemical Company Limited.

Global High Heat Melamine Foam Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global high heat melamine foam market is likely to spur significantly with a healthy CAGR of around 8.4% reaching a valuation of USD 212.9 million by 2028 due to the growing awareness among masses regarding the environmental benefits of high heat melamine foam insulation. Also, the reduction in wastage of energy from different sectors is further likely to offer ample impetus to the growth of the global high heat melamine foam market in the forthcoming years.

Some of the significant players in the global high heat melamine foam market include Zhejiang Ya Dina New Material Technology Co., Ltd., Wilhams Insulation Group, SINOYQX, Linyi Yingke Chemistry Co., Ltd., and Haohua Junhua Group Co.

 

North America accounts for the largest share in the global high heat melamine foam market due to the presence of prominent market leaders in the region. Additionally, the growing construction activities in the region are likely to significantly propel the growth of the regional market during the forecast period.

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