(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 28, 2021, 01:58 /Comserve / -- The global Syntactic foam market is estimated to be USD 132 million in 2020 and is projected to reach USD 169 million by 2025, at a CAGR of 5.2% from 2020 to 2025.
The global Syntactic foam market is estimated to be USD 132 million in 2020 and is projected to reach USD 169 million by 2025, at a CAGR of 5.2% from 2020 to 2025. Syntactic foam finds applications in various end-use industries such as marine & subsea, aerospace & defense, automotive & transportation, sports & leisure, and others due to its unique properties. The marine & subsea segment led the syntactic foam market in 2019, accounting for a share of 54.0% in terms of value.
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Sports & Leisure is the fastest-growing application segment in the syntactic foam market. The growth is due to the emerging sports industry based on syntactic foams, including soccer balls, snow skies, and tennis rackets. These industries together accounted for about 8.1% share of the total market for syntactic foam in 2019 and a CAGR of 5.5% for the forecasted period.
North America is the largest and fastest-growing market of syntactic foam, with US being the major emerging market. The growth can be attributed to the rapidly increasing demand for syntactic foam from the marine & subsea industries. US is a major manufacturer of syntactic foam and had the highest consumption of syntactic foam. It accounted for a share of about 37.07% of the syntactic foam market, in terms of volume, in 2019.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Syntactic Foam Market Growth and Revenue Analysis Forecast Till 2025
This study has been validated through primaries conducted with various industry experts worldwide. These primary sources have been divided into 3 categories, namely by company, by designation, and by region.
• By Company Type- Tier 1- 55%, Tier 2- 30%, and Tier 3- 15%
• By Designation- C Level- 21%, Directors – 23%, and Others - 56%
• By Region- North America- 45%, Europe- 27%, Asia Pacific- 15%, Middle East – 6%, and South America - 7%
Research Coverage:
The report covers the syntactic foam market based on product type, matrix type, chemistry, form, application, and region. This study aims at estimating the size and future growth potential of the market across various segmentation types. It also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.
TABLE OF CONTENT
1 INTRODUCTION 27
1.1 OBJECTIVES OF THE STUDY 27
1.2 MARKET DEFINITION 27
1.2.1 SCOPE OF THE REPORT 28
1.3 MARKET SCOPE 28
1.3.1 SYNTACTIC FOAM MARKET SEGMENTATION 28
1.3.2 REGIONS COVERED 29
1.3.3 YEARS CONSIDERED FOR THE STUDY 29
1.4 CURRENCY 30
1.5 UNIT CONSIDERED 30
1.6 LIMITATIONS 30
1.7 STAKEHOLDERS 30
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