(MENAFN- America News Hour) “Global Syntactic Foam market is valued at approximately USD 125.5 billion and is anticipated to grow with a healthy growth rate of more than 5.2 % over the forecast period. Syntactic Foams are composite materials that are synthesized along with hollow spheres by filling matrix materials. Matrix materials include metal matrix, polymer matrix and ceramic matrix, while cenospheres, micro balloons, and many others are found in hollow spheres. The addition of these hollow particles results in enhanced foam properties, such as lower density, higher specific strength, lower thermal expansion coefficient, and, in some cases, radar or ultrasonic transparency. The properties of these foams depend largely on the nature of the materials of the matrix. During the forecast period, factors such as growing deep-water oil and gas production, especially in the Gulf of Mexico and the North Sea, improved profitability of deep water and ultra-deep water projects and tightening the supply-demand gap are expected to drive the market Because of the forthcoming deepwater exploration and production projects in countries such as Brazil, Guyana, Nigeria, and others, deepwater oil and gas projects are expected to increase in the coming years. Global deepwater investment has risen from 2014 to 2018 and regions such as Brazil, the U.S. Gulf of Mexico (GoM), Norway, Angola, and Nigeria account for a substantial amount of this capital expenditure, respectively, with the highest regional growth projected for West Africa. Together, Brazil and the United States accounted for more than 90% of ultra-deepwater production worldwide in 2018. Brazil is a world leader in the development of deepwater and ultra-deepwater projects, according to the EIA. By 2025, the Santos basin in Brazil and the Stabroek block in Guyana will add more than 2.5 million barrels per day of oil production. The change in government policies in recent years, such as liberal policies is expected to increase the market growth. However, Crude oil price fluctuations have a direct effect on the number of oil and gas projects, resulting in project shelving or delays, it may impede market growth over the forecast period.
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The regional analysis of the global Syntactic Foam market is considered for the key regions such as
Asia Pacific ,
North America ,
Europe ,
Latin America , and Rest of the World.
North America
is the leading/significant region across the world in terms of market share owing to factors such as the increasingly growing use of syntactic foam in the marine and subsea and sports and leisure industries have resulted in increased demand in the
North America n area for syntactic foam. Whereas
Asia Pacific
is also anticipated to exhibit the highest growth rate / CAGR over the forecast period, due to rising industries regarding synthetic foam across APAC.
Major market player included in this report are: Trelleborg*
Engineered Syntactic Systems
Diab International AB
SynFoam
Floatex
ALSEAMAR
Deepwater Buoyanc
CMT Materials
Advanced Insulation
FTI
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type: Macro-Sphere
Micro-Sphere
By Matrix Type:
Metal Matrix
Polymer Matrix
Ceramic Matrix
By Chemistry:
Epoxy
Others
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By Region: North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Target Audience of the Global Syntactic Foam market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Content
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts,
1.2.1. Syntactic Foam Market, by Region,
1.2.2. Syntactic Foam Market, by Product Type,
1.2.3. Syntactic Foam Market, by Matrix Type,
1.2.4. Syntactic Foam Market, by Chemistry,
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Syntactic Foam Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Processing Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Syntactic Foam Market Dynamics
3.1. Syntactic Foam Market Impact Analysis
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Syntactic Foam Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Syntactic Foam Market, by Product Type
5.1. Market Snapshot
5.2. Global Syntactic Foam Market by Product Type, Performance – Potential Analysis
5.3. Global Syntactic Foam Market Estimates & Forecasts by Product Type
5.4. Syntactic Foam Market, Sub Segment Analysis
5.4.1. Macro-Sphere
5.4.2. Micro-Sphere
Chapter 6. Global Syntactic Foam Market, by Matrix Type
6.1. Market Snapshot
6.2. Global Syntactic Foam Market by Matrix Type, Performance – Potential Analysis
6.3. Global Syntactic Foam Market Estimates & Forecasts by Matrix Type
6.4. Syntactic Foam Market, Sub Segment Analysis
6.4.1. Metal Matrix
6.4.2. Polymer Matrix
6.4.3. Ceramic Matrix