Global Silicone Foam Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Silicone Foam Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Silicone Foam is a synthetic rubber product in solid, cured form with a single liquid component for field installation. It has a wide variety of applications, including insulation, seals and gaskets, medical implants and prostheses, and electrical insulation. Silicone foam is important because it is durable, versatile, and resistant to heat and chemicals.

Market Overview:

The latest research study on the global Silicone Foam market finds that the global Silicone Foam market reached a value of USD 893.55 million in 2022. It’s expected that the market will achieve USD 1370.17 million by 2028, exhibiting a CAGR of 7.38% during the forecast period.

The Global outbreak of COVID-19 has had a huge impact on the Silicone Foam market to a large extent, and this impact is gradually permeating with the transition of the post-pandemic era of globalization. Under the background of raw material procurement difficulties, soaring input costs and prolonged delivery cycle, the growth of Silicone Foam boom index gradually slowed down. Due to the impact of the epidemic, enterprises have stopped work and logistics have been obstructed, which has hindered the Global trade of Silicone Foam, especially the lack of shipping capacity. And the lockdown measures caused by the epidemic have seriously affected the Global circulation of Silicone Foam.

Raw material market volatility

For manufacturing enterprises, the volatility and instability of the raw material market have a broad impact. From rising energy costs to unexpected swings in raw material prices, unforeseen difficulties are seriously affecting the stability of supply chains, making it difficult for manufacturers to remain profitable. In response to fluctuations in raw material prices, manufacturers either bear the increased costs themselves, seek new ways to reduce fees, or pass on price increases to consumers or downstream markets. All of these approaches carry some risk.
The main raw materials of Silicone Foam are Silicone, filler, blowing agent, catalyst and so on. The cost of raw materials is a major component of the production costs of enterprises in the Silicone Foam industry. The volatility of raw materials is a big challenge for Silicone Foam manufacturers without a stable supply chain.

Increasing demand for silicone foam in the automotive industry for noise and vibration insulation

As people's willingness to improve the quality of life gradually increases, Silicone Foam products will replace the stock market of other material products with their excellent performance.
Silicone Foam material has the characteristics of good shockproof buffer, sound insulation, heat insulation, flame retardant and explosion-proof. Washers etc.
Many interior materials of today's automobiles, such as floors, hoods, steering wheels, car seats, etc. are all polyurethane materials. On the one hand, the technology of polyurethane materials is relatively mature and the performance meets the use standards; on the other hand, it is because polyurethane materials are used. Prices are lower. However, polyurethane foams have poor weather resistance, are flammable, and release a large amount of toxic gases that are harmful to humans during combustion. Therefore, with the promotion of Silicone Foam material and the improvement of people's awareness of it, Silicone Foam is expected to replace traditional polyurethane foam materials in the future.

Region Overview:

Geographically, Europe held the largest market share – 35.76% in 2022.

Company Overview:

Rogers Corp is one of the major players operating in the Silicone Foam market, holding a share of 18.55% in 2022.

Rogers Corp

Advanced Electronics Solutions
The Advanced Electronics Solutions team develops technologies used in wireless infrastructure, power amplifiers, radar systems, high speed digital, hybrid-electric vehicles, high-voltage rail traction, laser systems and wind and solar power conversion.

Dow Corning

Dow portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility, and consumer care.

Segmentation Overview:

By type, Sheet segment accounted for the largest share of market in 2022.

Sheet

Sheet is a thin panel, made from a flexible material like plastic or metal. It can be cut to any shape and size. These are available in various sizes ranging from 5mm to 500mm thickness.

Tube

The tube is a hollow cylindrical shape made up of silica. They are widely utilized across various end-use industries including automotive, construction, furniture & bedding and others.

Application Overview:

By application, the Electronic segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Silicone Foam market covered in Chapter 3:

Xineu
Suzhou Aoke
Saint-Gobain Foams and Tapes
Hanna Rubber
Polymax
Dow Corning
Shin-Etsu Polymer
Avantor
Rogers Corp
Wacker
Bellofram

In Chapter 4 and Chapter 14.2, on the basis of types, the Silicone Foam market from 2018 to 2029 is primarily split into:

Sheet
Tube
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Silicone Foam market from 2018 to 2029 covers:

Transport
Petrochemical
Electronic
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)