Dublin, April 04, 2024 (GLOBE NEWSWIRE) -- The "Global Reticulated Foam Market by Type (Reticulated Polyether Foam And Reticulated Polyester Foam), Porosity (High, Moderate, Less), Application (Filtration, Sound Absorption, Fluid Management, Cleaning Products, Others), and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global reticulated foam market will rise from USD 506 million in 2023 to USD 683 billion by 2028 at a CAGR of 6.2% from 2023 to 2028
This report covers the reticulated foam market by foam, material, application, and region. It aims to estimate the market's size and future growth potential across various segments. The report also includes an in-depth competitive analysis of the key market players, their profiles, and key growth strategies.
The increasing emphasis on air quality has led to a growing demand for reticulated foam, known for its filtration capabilities that contribute to improved indoor air quality. Simultaneously, the rising trend towards durable outdoor furnishings aligns with the resilience of reticulated foam, driving its adoption in outdoor applications. These dual factors are key drivers fueling the growth of the reticulated foam market.
The Asia Pacific reticulated foam industry has been studied for China, Japan, India, South Korea, and the Rest of Asia Pacific. The Asia Pacific region presents an attractive market for reticulated foam due to shifting demographics and the rise in the automotive industry and healthcare spending. Key industry leaders like Sheela Foam Limited and Arjun Enterprises have established manufacturing plants, distribution networks, and sales offices in the Asia Pacific, ensuring a steady supply of reticulated foam.
These companies are also acquiring smaller firms and fabricators of reticulated foam in the region, contributing to market growth. Additionally, reticulated foam manufacturers from North America and Europe are expanding their presence in Asia, fostering knowledge exchange between developed and emerging nations through active participation in various forums.
Some of the leading manufacturers of reticulated foam profiled in this report include Rogers Foam Corporation (US), Sheela Foam (India), WinFun Foam (China), Woodbridge Foam Corporation (Canada), Carpenter Co. (US), Neveon (Austria), Polymer Technologies, Inc. (US), and FXI (US).
The filtration segment is expected to hold the largest share of the reticulated foam market during the forecast period
The filtration segment accounted for the largest share of the reticulated foam industry in 2022 due to the foam's unique open-cell structure. Reticulated foam's high porosity and permeability make it exceptionally effective for filtering air and liquids. Its adaptability to diverse filtration requirements and customization capabilities position it as a preferred choice for various industries, driving its dominance in the filtration segment of the reticulated foam market.
Reticulated polyether foam is expected to be the largest segment of the reticulated foam market during the forecast period
The reticulated polyether foam foam segment is expected to be the largest in volume due to its superior qualities like high porosity, flexibility, and resilience. These attributes make it a versatile choice for a range of applications, including filtration and sound absorption, leading to its prevalence across diverse industries such as automotive, healthcare, electronics, and more. The efficiency of the reticulation process further solidifies its dominance in the market.
Filtration segment is expected to lead the reticulated foam market during the forecast period
Based on application, the filtration segment is estimated to account for the largest share of the reticulated foam market in 2022 in terms of volume, primarily because of the foam's distinctive open-cell structure. Reticulated foam's inherent features, such as high porosity and permeability, make it exceptionally well-suited for filtering air and liquids. Its versatility and the ability to customize for specific filtration needs establish it as the preferred choice across different industries. These factors contribute to the dominant position of filtration applications in the reticulated foam market.
The report provides insights on the following:
- Analysis of critical drivers (Growing demand for durable outdoor furnishings and increasing focus on air quality), restraints (Cost constraints in mass adoption), opportunities (Advancements in filtration technologies), and challenges (Limited standardization and industry guidelines) influencing the growth of the reticulated foam market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the reticulated foam market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the reticulated foam market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the reticulated foam market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Rogers Foam Corporation (US), Sheela Foam (India), WinFun Foam (China), Woodbridge Foam Corporation (Canada), Carpenter Co. (US), Neveon (Austria), Polymer Technologies, Inc. (US), and FXI (US), and among others in the reticulated foam market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 178 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $506 million |
| Forecasted Market Value (USD) by 2028 | $683000 million |
| Compound Annual Growth Rate | 322.7% |
| Regions Covered | Global |
Companies Featured
- Rogers Foam Corporation
- Sheela Foam
- Arjun Enterprises
- Lamatek Inc.
- Gb Foam
- American Foam Products
- Foamcraft Usa
- Filsonfilter
- Flextech
- Worldwide Foam
- W. Dimer GmbH
- Southern Filters
- The Rubber Company
- Fxi
- Foamtech Wellington Ltd.
- Winfun Foam
- Carpenter Co.
- Neveon
- Woodbridge Foam Corporation
- Polymer Technologies Inc.
- Midwest Foam Corporation
For more information about this report visit https://www.researchandmarkets.com/r/4m0ct8
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