The Syntactic foam market size is expected to grow at a CAGR of
5.2%, by value, during the forecast period. The market is estimated to be USD
132 million in 2020 and is projected to reach USD 169 million by 2025. The
driving factor for the Syntactic foam market is its growing demand from the
automotive industry.
Browse 194
market data Tables and 33 Figures spread through 165 Pages and
in-depth TOC on "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".
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.
ALSEAMAR is the largest player in the
market. In January 2018 company new premium grade epoxy syntactic foam launched
for ROV/AUV buoyancies, manned and unmanned submersibles, requiring low
densities and high hydrostatic strengths. This series has water depth rating up
to 6,000msw.
Trelleborg is the second-largest player of the syntactic foam market, globally. In 2017, Trelleborg applied technology operation launched Eccofloat TG30 and TG32 to meet customer requirements for deep-sea buoyancy applications. Eccofloat TG30 is rated for a depth of 5,000 meters and Eccofloat TG32 is rated for a depth of 6,000 meters.
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.
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