Syntactic Foam Market Scope
Syntactic foams are composite materials with widespread applications in the aerospace, automotive, sports, and subsea industries due to their lightweight nature, excellent acoustic properties, and their buoyant behavior. The water absorbency of these foams is significantly lower than that of the matrix material and open-cell foams owing to their closed-cell structure. Moreover, these foams are manufactured by adding hollow thin-walled particles, into the matrix material, results in enhanced properties of the foam such as lower density, higher specific strength, and lower coefficient of thermal expansion.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Syntactic Foam market throughout the predicted period.
AFG Holdings, Inc. (United States), CBM International (United States), CMT Materials (United States), Cuming Microwave (United States), Engineered Syntactic Systems (United States), SynFoam (United States), ALCEN (France), Balmoral Comtec Ltd. (United Kingdom), Acoustic Polymer Ltd. (United Kingdom) and Deepwater Buoyancy (New England) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Trelleborg AB (Sweden), Diab Group (Sweden) and Precision Acoustics Ltd. (United Kingdom).
Segmentation Overview
The study have segmented the market of Global Syntactic Foam market by Type (Pure Syntactic Foam and Composite Syntactic Foam), by Application (Marine & Subsea, Automotive & Transportation, Aerospace & Defense, Electrical and Electronics, Sports & Leisure and Others (Buildings & Construction, Healthcare)) and Region with country level break-up.
On the basis of geography, the market of Syntactic Foam has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Use of Hybrid Syntactic Foams
Market Growth Drivers:
Increase in Ultra and Deep-Water Activity Owing To Their Low Coefficient of Thermal Expansion, And High Specific Strength
Challenges:
Transportation and Logistics Costs
Restraints:
Fluctuation in Crude Oil Prices
Opportunities:
Increasing Consumption of Syntactic Foam in the Marine & Subsea Industries
In May 2020, Deepwater Buoyancy has launched a new Pop-Up Buoy Recovery System (PUB) for the Sonardyne LRT Acoustic Release. The recovery buoy is made from high-strength DeepTec solid syntactic foam. and In January 2018 ALSEAMAR has launched new premium grade epoxy syntactic foam for ROV/AUV buoyancies, manned and unmanned submersibles, requiring low densities and high hydrostatic strengths.
Key Target Audience
Syntactic Foam Manufacturers, Raw Material Suppliers, Chemical Companies, Research Institutes, Partners/Investors, End-Use Industry and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.