LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global high heat foam market report. This market research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global high heat foam market is highly competitive with the presence of many key players. These players have a vast geographical presence with massive production facilities located across the globe. There are also a sizeable number of small local and regional vendors with significant shares in the market. The financial, and technological resources of some of the suppliers are greater than their competitors, and such players are better able to withstand the changes in the market conditions.
Vendors compete based on factors such as innovation, extension of product lines, and supply chains. For instance, Armacell had announced the expansion of supply channels in China in 2017. This was aimed to serve the high heat foam market in China with cost-effective channels. Similarly, BASF, another key vendor, had extended its innovative foam solutions portfolio with a new product named ecovio EA in January 2016. This expandable high heat foam is bio-based. It caters to the transportation sector and can withstand multi-shock response.
“The global high heat foam market is witnessing increased demand from the transportation and construction industries as well as from other application sectors such as consumer goods and electronics applications. The demand for bio-based high heat foam is expected to increase due to the decrease in GHG emissions during the manufacturing process, which will subsequently boost the growth in the global high heat foam market in the next five years,” says Kshama Upadhyay, a lead specialty chemicals research analyst from Technavio.
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Technavio market research analysts identify the following key vendors:
Armacell
Armacell is a flexible foam manufacturer in the insulation market. It serves various industries such as transportation and construction. In the global high heat foam market, the company offers products such as HT 625, UT Solaflex, Imcoa, Imcoa SS, Imcoa W SS, Imcosheet, Tubolit, Tubolit SS, Tubolit W SS, and AP Armaflex Tubes.
BASF
BASF offers a wide range of products and serves various industries such as automotive, construction and electronics. The company offers high heat foam products under the foams segment under the brand names Basotect, Infinergy, Palusol, and Styropor.
Evonik Industries
Evonik Industries offers and serves a variety of industries which includes aeronautical, automotive, railway, and medical industries. The company offers products such as ROHACELL 51WF under the brand ROHACELL.
Rogers Corporation
Rogers Corporation offers products to the industries such as aerospace and defense, automotive and HEV, construction, industrial, power electronics, railways, and wind and solar. The company offers products such as HT-1200 series, HT-6000 series, and RF-120 under BISCO brand.
SINOYQX
SINOYQX manufactures and offers melamine foam for building, transportation, aviation as sound insulation, and thermal insulation applications. The company offers products such as YQX-W, YQX-G, YQX-TG, YQX-UF, YQX-HMF, YQX-UL, and YQX-C.
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