Syntactic foam is a type of foam with a higher compressive strength than traditional foams. This makes it a popular choice for use in marine environments and other applications where weight is a concern. The global syntactic foam market is predicted to grow at a CAGR of 4.4% from 2022 to 2031. The demand for syntactic foam is expected to be driven by the growth of the marine and aerospace industries.

IMPACT OF COVID-19 ON THE GLOBAL SYNTACTIC FOAM MARKET

The global syntactic foam market is anticipated to grow significantly in the coming years, owing to the mounting demand for lightweight and high-strength materials. However, the COVID-19 pandemic is expected to significantly impact the market, as it has led to a slowdown in production and sales. This is predominantly true in China, where the virus has caused a massive shutdown of factories and businesses. Manufacturers face challenges in production and distribution due to the coronavirus outbreak. As a result, prices rise, and availability is becoming increasingly scarce.

GLOBAL SYNTACTIC FOAM MARKET INFOGRAPHICS

Source: ThinkWise Intelligence Analysis

GLOBAL SYNTACTIC FOAM MARKET DYNAMICS

MARKET DRIVER: INCREASING DEMAND FOR LIGHTWEIGHT PRODUCTS FROM CONSTRUCTION AND AUTOMOTIVE INDUSTRIES

The global syntactic foam market is driven by the increasing demand for lightweight and energy-efficient materials in the automotive and construction industries. Syntactic foam comprises hollow glass microspheres (HGMs) embedded in a resin matrix. The HGMs provide the structure and strength, while the resin holds the spheres together and provides the necessary toughness and impact resistance.

MARKET RESTRAINT: HIGH PRODUCTION COST

The high production cost restrains the global syntactic foam market. The high-cost results from the complex manufacturing process of syntactic foam. The use of expensive raw materials and advanced equipment adds to the production cost. The global syntactic foam market is also restrained by the product's high price, which is a result of the former.

MARKET OPPORTUNITY: DEMAND POTENTIAL FROM THE AEROSPACE INDUSTRY

The aerospace industry presents excellent opportunities for the growth of the syntactic foam market. As aerospace manufacturing is on the rise, there is a growing opportunity for syntactic foams to grow during the forecast period.

KEY TRENDS IN THE GLOBAL SYNTACTIC FOAM MARKET

GLOBAL SYNTACTIC FOAM MARKET TRENDS, BY PRODUCT TYPE

"The polymer syntactic foams will have huge demand during the projected period."

The global syntactic foam market is segmented by type into ceramic, metal, and polymer. The polymer segment is expected to lead the syntactic foam market during the forecast period. Polymer syntactic foam is majorly used because of its superior properties compared to other materials. Its low density and high strength-to-weight ratio make it perfect for many applications. It can be used in various industries, such as marine, construction, and aerospace. Some of its key benefits are resistance to corrosion and fatigue and thermal and acoustic insulation. These factors enhance the use of this product in many applications and further aid the growth of the global syntactic foam market.

GLOBAL SYNTACTIC FOAM MARKET TRENDS, BY END-USE INDUSTRY

"Marine industry will consume majority share of syntactic foams manufactured during the forecast period."

The global syntactic foam market is divided into marine, automotive, aerospace, and others by end-use industry. Marine is the largest application segment of the syntactic foam market. Syntactic foam is a lightweight, buoyant and robust material made up of small hollow spheres of glass or plastic. It has many uses in the marine industry, including as a core material for boat hulls and decks, a substrate for anti-fouling coatings, and a flotation device. Moreover, it is also being used to manufacture smaller boats and canoes.

GLOBAL SYNTACTIC FOAM MARKET TRENDS, BY REGION

"The North America syntactic foam market will witness the fastest growth during the forecast period."

North America syntactic foam market is projected to grow at a CAGR of 5.1% from 2022 to 2031. Increasing demand for syntactic foam in the automotive and construction industries is expected to drive the growth of the North America syntactic foam market. The automotive industry is critical in the North America economy. According to the National Automobile Dealers Association, there are more than 16.5 million cars and trucks on the road in the U.S., and the automotive industry accounts for more than 7% of the country's GDP. The industry is also a noteworthy employer, with more than 2 million workers in the United States. In Canada, the automotive sector employs more than 1 million people and accounts for 10% of GDP. The syntactic foam has the potential to be used in various vehicles due to its lightweight and high strength properties.

The Asia-Pacific syntactic foam market is expected to grow at a CAGR of 4.8% from 2022 to 2031. The growth of the Asia-Pacific syntactic foam market is primarily driven by the increasing demand for lightweight materials in the aerospace industry. The aerospace industry is booming in the Asia-Pacific region, with countries such as China and India leading the way in growth. The main driving factors of this growth are the increasing demand for air travel and the middle-class growth in these countries. This is resulting in a surge in demand for aircraft and aviation-related services. The Asia-Pacific region is now the fastest-growing market for the aerospace industry. Syntactic foam is expected to have potential applications in the aerospace industry for its weight reduction properties.

COMPETITIVE LANDSCAPE IN THE GLOBAL SYNTACTIC FOAM MARKET

Key players in the global syntactic foam market include Hexcel, 3M, Dow Chemical, BASF, Huntsman, Solvay, and Teijin Aramid. Gurit, Hexcel and 3M are some of the world's leading suppliers of syntactic foam. Dow Chemical Company is focusing on expanding its product portfolio and strengthening its research and development capabilities. Huntsman Corporation is focusing on expanding its production capacity and geographical presence.

RECENT DEVELOPMENTS IN THE GLOBAL SYNTACTIC FOAM MARKET

• Huntsman Corporation announced the development of a new syntactic foam that will be available for sale in 2020. The new foam is made from a lightweight resin filled with hollow microspheres. The microspheres make the foam both solid and buoyant, making it ideal for marine applications. The foam can create products such as buoys, floats, and moorings.
• A team of engineers at Dow has developed a new syntactic foam that is set to revolutionize how we build things. The foam comprises small, hollow spheres embedded in a resin matrix. It is lightweight and powerful yet still affordable. The developers believe that the foam could be used to build everything from cars to planes to skyscrapers by 2020.

CHAPTER 1.    INTRODUCTION
1.1.    KEY OBJECTIVES OF THE STUDY
1.2.    MARKET SCOPE & DEFINITION
1.2.1.    MARKET SEGMENTATION
1.3.    REPORT DESCRIPTION
1.4.    LIMITATIONS
1.5.    STAKEHOLDERS FOR PRIMARY INTERVIEWS

CHAPTER 2.    RESEARCH METHODOLOGY
2.1.    DATA EXPLORATION
2.1.1.    PRIMARY DATA
2.1.1.1.    DATA SOURCES
2.1.1.2.    KEY DATA COLLECTED
2.1.2.    SECONDARY DATA
2.1.2.1.    DATA SOURCES
2.1.2.2.    KEY DATA COLLECTED
2.2.    MARKET SIZE ESTIMATION
2.2.1.    TOP-DOWN APPROACH
2.2.2.    BOTTOM-UP APPROACH
2.3.    DATA BREAKDOWN & TRIANGULATION
2.4.    ASSUMPTIONS & FORECAST PARAMETERS

CHAPTER 3.    EXECUTIVE SUMMARY

CHAPTER 4.    THINKWISE INTELLIGENCE EXCLUSIVE INSIGHTS
4.1.    MARKET ATTRACTIVENESS, BY TYPE
4.2.    MARKET ATTRACTIVENESS, BY END-USE INDUSTRY
4.3.    MARKET ATTRACTIVENESS, BY REGION

CHAPTER 5.    MARKET OVERVIEW
5.1.    INTRODUCTION
5.2.    GROWTH IMPACT FORCES
5.2.1.    DRIVERS
5.2.2.    RESTRAINTS
5.2.3.    OPPORTUNITIES
5.2.4.    THREATS
5.3.    MARKET ECOSYSTEM & VALUE CHAIN
5.3.1.    ECOSYSTEM ANALYSIS
5.3.1.1.    IMPACT OF COVID-19 ON THE MARKET ECOSYSTEM
5.3.2.    VALUE CHAIN ANALYSIS
5.3.2.1.    IMPACT OF COVID-19 ON THE MARKET VALUE CHAIN
5.4.    INNOVATION & SUSTAINABILITY MATRICES
5.4.1.    PATENT MATRIX
5.4.2.    REGULATORY MATRIX
5.5.    PRICE MATRIX
5.5.1.    IMPACT OF COVID-19 ON PRICING
5.5.2.    PRICING ANALYSIS
5.5.2.1.    BY TYPE
5.5.2.2.    BY END-USE INDUSTRY
5.5.2.3.    BY REGION
5.6.    PORTER’S FIVE FORCES ANALYSIS
5.6.1.    BARGAINING POWER OF SUPPLIERS
5.6.2.    BARGAINING POWER OF CONSUMERS
5.6.3.    THREAT OF SUBSTITUTES
5.6.4.    THREAT OF NEW-ENTRANTS
5.6.5.    COMPETITIVE RIVALRY INTENSITY
5.7.    PESTLE ANALYSIS
5.7.1.    POLITICAL
5.7.2.    ECONOMICAL
5.7.3.    SOCIAL
5.7.4.    TECHNOLOGICAL
5.7.5.    ENVIRONMENTAL
5.8.    IMPACT OF COVID-19 ON GLOBAL SYNTACTIC FOAM MARKET
5.8.1.    PRE-COVID MARKET SCENARIO
5.8.2.    POST-COVID MARKET SCENARIO
 
CHAPTER 6.    GLOBAL SYNTACTIC FOAM MARKET ANALYSIS, BY TYPE
6.1.    INTRODUCTION
6.1.1.    CERAMIC
6.1.2.    METAL
6.1.3.    POLYMER

CHAPTER 7.    GLOBAL SYNTACTIC FOAM MARKET ANALYSIS, BY END-USE INDUSTRY
7.1.    INTRODUCTION
7.1.1.    AEROSPACE
7.1.2.    AUTOMOTIVE
7.1.3.    MARINE
7.1.4.    OTHERS

CHAPTER 8.    GLOBAL SYNTACTIC FOAM MARKET ANALYSIS, BY REGION
8.1.    INTRODUCTION
8.1.1.    NORTH AMERICA
8.1.1.1.    UNITED STATES (U.S.)
8.1.1.2.    CANADA
8.1.1.3.    MEXICO
8.1.2.    SOUTH AMERICA
8.1.2.1.    ARGENTINA
8.1.2.2.    BRAZIL
8.1.2.3.    COLOMBIA
8.1.2.4.    REST OF SOUTH AMERICA
8.1.3.    EUROPE
8.1.3.1.    GERMANY
8.1.3.2.    FRANCE
8.1.3.3.    UNITED KINGDOM (UK)
8.1.3.4.    RUSSIA
8.1.3.5.    SPAIN
8.1.3.6.    ITALY
8.1.3.7.    SWITZERLAND
8.1.3.8.    REST OF EUROPE
8.1.4.    ASIA-PACIFIC
8.1.4.1.    CHINA
8.1.4.2.    JAPAN
8.1.4.3.    INDIA
8.1.4.4.    SOUTH KOREA
8.1.4.5.    AUSTRALIA
8.1.4.6.    INDONESIA
8.1.4.7.    SINGAPORE
8.1.4.8.    MALAYSIA
8.1.4.9.    REST OF ASIA-PACIFIC
8.1.5.    MIDDLE EAST
8.1.5.1.    EGYPT
8.1.5.2.    KUWAIT
8.1.5.3.    SAUDI ARABIA
8.1.5.4.    UNITED ARAB EMIRATES (UAE)
8.1.5.5.    REST OF MIDDLE EAST
8.1.6.    AFRICA
8.1.6.1.    EGYPT
8.1.6.2.    NIGERIA
8.1.6.3.    SOUTH AFRICA
8.1.6.4.    REST OF AFRICA

CHAPTER 9.    COMPETITIVE LANDSCAPE
9.1.    TOP WINNING STRATEGIES
9.1.1.    BY STRATEGY
9.1.2.    BY REGION
9.1.3.    BY YEAR
9.2.    COMPETITIVE HEATMAP
9.3.    PRODUCT BENCHMARKING
9.4.    STRATEGIC BENCHMARKING
9.4.1.    MERGERS & ACQUISITIONS
9.4.2.    STRATEGIC PARTNERSHIPS & COLLABORATIONS

CHAPTER 10.    PLAYER BENCHMARKING
10.1.    HEXCEL
10.1.1.    BUSINESS OVERVIEW
10.1.2.    PRODUCT OFFERINGS
10.1.3.    FINANCIAL OVERVIEW
10.1.4.    STRATEGIC BENCHMARKING
10.1.5.    SWOT ANALYSIS
10.2.    3M
10.2.1.    BUSINESS OVERVIEW
10.2.2.    PRODUCT OFFERINGS
10.2.3.    FINANCIAL OVERVIEW
10.2.4.    STRATEGIC BENCHMARKING
10.2.5.    SWOT ANALYSIS
10.3.    THE DOW CHEMICAL COMPANY
10.3.1.    BUSINESS OVERVIEW
10.3.2.    PRODUCT OFFERINGS
10.3.3.    FINANCIAL OVERVIEW
10.3.4.    STRATEGIC BENCHMARKING
10.3.5.    SWOT ANALYSIS
10.4.    BASF
10.4.1.    BUSINESS OVERVIEW
10.4.2.    PRODUCT OFFERINGS
10.4.3.    FINANCIAL OVERVIEW
10.4.4.    STRATEGIC BENCHMARKING
10.4.5.    SWOT ANALYSIS
10.5.    HUNTSMAN
10.5.1.    BUSINESS OVERVIEW
10.5.2.    PRODUCT OFFERINGS
10.5.3.    FINANCIAL OVERVIEW
10.5.4.    STRATEGIC BENCHMARKING
10.5.5.    SWOT ANALYSIS
10.6.    SOLVAY
10.6.1.    BUSINESS OVERVIEW
10.6.2.    PRODUCT OFFERINGS
10.6.3.    FINANCIAL OVERVIEW
10.6.4.    STRATEGIC BENCHMARKING
10.6.5.    SWOT ANALYSIS
10.7.    TEIJIN ARAMID
10.7.1.    BUSINESS OVERVIEW
10.7.2.    PRODUCT OFFERINGS
10.7.3.    FINANCIAL OVERVIEW
10.7.4.    STRATEGIC BENCHMARKING
10.7.5.    SWOT ANALYSIS
10.8.    ALSEAMAR
10.8.1.    BUSINESS OVERVIEW
10.8.2.    PRODUCT OFFERINGS
10.8.3.    FINANCIAL OVERVIEW
10.8.4.    STRATEGIC BENCHMARKING
10.8.5.    SWOT ANALYSIS
10.9.    BALMORAL
10.9.1.    BUSINESS OVERVIEW
10.9.2.    PRODUCT OFFERINGS
10.9.3.    FINANCIAL OVERVIEW
10.9.4.    STRATEGIC BENCHMARKING
10.9.5.    SWOT ANALYSIS
10.10.    DIAB GROUP
10.10.1.    BUSINESS OVERVIEW
10.10.2.    PRODUCT OFFERINGS
10.10.3.    FINANCIAL OVERVIEW
10.10.4.    STRATEGIC BENCHMARKING
10.10.5.    SWOT ANALYSIS

CHAPTER 11.    APPENDIX
11.1.    PREMIUM INSIGHTS FROM INDUSTRY EXPERTS
11.2.    RELATED REPORTS