Reticulated Foam Market
Reticulated Foam Market Forecasts to 2030 - Global Analysis By Type (Reticulated Polyester Foam and Reticulated Polyether Foam), Porosity (Moderately Porous (50-75 PPI), Less Porous (<50 PPI) and Highly Porous (>75 PPI)), Application (Filtration, Fluid Management, Solar, Sound Absorption and Other Applications) and By Geography
According to Stratistics MRC, the Global Reticulated Foam Market is accounted for $517.1 million in 2023 and is expected to reach $909.4 million by 2030 growing at a CAGR of 8.4% during the forecast period. Reticulated foam is a specialized type of foam characterized by its open-cell structure, which is formed through a unique manufacturing process. Unlike conventional foam, reticulated foam undergoes a treatment that removes the cell membranes, leaving behind a network of interconnected strands. This network creates a highly porous material with excellent breathability and drainage properties. It finds extensive use in outdoor furniture cushions, aquarium filters, automotive air filters, and soundproofing applications. The interconnected pores allow for efficient airflow, making it ideal for environments where moisture accumulation needs to be minimized.
According to the International Trade Administration, China accounts for about half of all global eCommerce transactions, making it the world's top market. China surpassed the United States as the world's leading eCommerce market in 2021, bringing in US$ 1.5 trillion in revenue.
Market Dynamics:
Driver:
Growing demand in automotive sector
The growing demand in the automotive sector is catalyzing the expansion of the reticulated foam market due to its versatile applications and unique properties. Reticulated foam, known for its open-cell structure, lightweight nature, and high porosity, is increasingly favored in automotive manufacturing. With automotive manufacturers prioritizing factors like improved fuel efficiency, noise reduction, and passenger comfort, reticulated foam emerges as an ideal solution. Additionally, the rising trend towards electric vehicles emphasizes the need for lightweight materials, further boosting the demand for reticulated foam.
Restraint:
Financial constraints for widespread adoption
Financial constraints play a significant role in hindering the widespread adoption of Vacuum Insulated Pipes. VIPs offer exceptional thermal insulation for transporting cryogenic fluids like liquefied natural gas (LNG) or liquid nitrogen, making them vital for industries like energy, healthcare, and food. The initial investment required for VIP installation is substantial, including the cost of specialized materials, manufacturing processes, and skilled labor. However, limited access to financing options or incentives for adopting energy-efficient technologies further exacerbates the financial burden for companies considering
Opportunity:
Rising demand for water filtration
The rising demand for water filtration systems is driving substantial growth in the reticulated foam market. As concerns about water quality and environmental sustainability intensify globally, the need for efficient filtration solutions has become paramount. Reticulated foam's versatility, offering customizable pore sizes and excellent durability, positions it as a preferred choice for various water filtration applications, including residential, commercial, and industrial settings. Additionally, advancements in reticulated foam technology have led to innovations such as antimicrobial properties and enhanced filtration efficiency, further augmenting its appeal in the market.
Threat:
Complex installation process
Vacuum Insulated Pipes are highly specialized and require meticulous installation procedures due to their intricate design and the need to maintain a vacuum environment. This complexity results in longer installation times, increased labor costs, and heightened requirements for skilled technicians. The intricacies involved may deter potential customers who seek simpler and more cost-effective solutions. As a consequence, the adoption rate of VIP systems in various industries, such as cryogenic applications and liquefied natural gas transportation, is hindered by the perceived difficulties associated with their installation.
Covid-19 Impact:
The Covid-19 pandemic significantly impacted the Vacuum Insulated Pipe (VIP) market due to disruptions in supply chains, project delays, and economic uncertainties. With widespread lockdowns and restrictions imposed globally, manufacturing facilities faced operational challenges, leading to supply shortages and delays in project timelines. The construction sector, a significant consumer of VIPs for cryogenic applications like liquefied natural gas (LNG) and industrial gases, experienced slowdowns as projects were put on hold or scaled back amidst economic uncertainties.
The reticulated polyester foam segment is expected to be the largest during the forecast period
Reticulated Polyester Foam segment is expected to be the largest during the forecast period. RPF, with its open-cell structure, offers superior thermal insulation properties, effectively minimizing heat transfer and maintaining optimal temperatures within the pipe. This material is lightweight, durable, and resistant to moisture, making it an ideal choice for applications requiring high-performance insulation. By incorporating RPF into vacuum insulated pipes, manufacturers can achieve greater energy efficiency and reduce heat loss during the transportation of cryogenic fluids, industrial gases, or liquefied natural gas (LNG).
The fluid management segment is expected to have the highest CAGR during the forecast period
Fluid Management segment is expected to have the highest CAGR during the forecast period by ensuring efficient and reliable transport of various fluids such as liquid nitrogen, oxygen, and argon, among others. VIPs are widely used in industries like healthcare, food and beverage, and electronics manufacturing, where maintaining the integrity and temperature of the transported fluids is paramount. The Fluid Management segment introduces innovations in VIP technology, including advanced insulation materials and improved sealing mechanisms, which enhance the pipes' ability to maintain optimal conditions for fluid transport.
Region with largest share:
As countries in the region increasingly turn to LNG as a cleaner alternative to traditional fuels, there's a burgeoning need for efficient transportation and storage infrastructure, Asia Pacific region commanded the largest share over the forecast period. VIPs, known for their exceptional thermal insulation properties, play a crucial role in maintaining the integrity of LNG throughout its supply chain in the region. They minimize heat transfer and prevent LNG from vaporizing, ensuring its safe and efficient transportation over long distances across the region. Moreover, with LNG terminals in the Asia Pacific region often located in remote areas, VIPs offer a cost-effective solution by reducing energy losses during transportation.
Region with highest CAGR:
Asia Pacific region is poised to hold profitable growth throughout the extrapolated period. Stringent policies aimed at reducing greenhouse gas emissions and promoting energy efficiency are driving industries to adopt advanced insulation technologies like VIPs for the transportation of cryogenic fluids across the region. Regulations mandating the use of environmentally friendly materials and processes are pushing companies to invest in sustainable solutions, further boosting the demand for VIPs in the region. These elements are boosting the regional growth.
Key players in the market
Some of the key players in Reticulated Foam market include Carpenter Co, Crest Foam Industries, Inc, FoamPartner Group, Fostek Corporation, Neveon, Polymer Technologies, Inc, Rogers Foam Corporation, Rubberlite, Inc, Sekisui Chemical Co., Ltd, Sheela Foam, Technical Foam Services Ltd and Woodbridge Foam Corporation.
Key Developments:
In January 2024, RevolKa Ltd., a venture-backed biotech company providing a game-changing protein engineering technology platform (Shiro Kataoka, CEO) signed a contract research agreement with Sekisui Chemical Co., Ltd. RevolKa will create and deliver highly functional proteins by using its proprietary protein engineering platform technology, called aiProtein®: a robust directed protein evolution technology integrated with artificial intelligence (AI).
In April 2022, Worldwide Foam finalized the construction of a 140,000 sq. ft. warehouse in Indiana, USA, strengthening its position in the reticulated foam market. The completion of this facility empowers the company to broaden its product offerings by expanding its inventory. Additionally, it creates avenues for the enhancement of value-added services across other facilities, showcasing a strategic initiative to address the increasing market demands and optimize overall operational efficiency.
Types Covered:
• Reticulated Polyester Foam
• Reticulated Polyether Foam
Porosities Covered:
• Moderately Porous (50-75 PPI)
• Less Porous (<50 PPI)
• Highly Porous (>75 PPI)
Applications Covered:
• Filtration
• Fluid Management
• Solar
• Sound Absorption
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Reticulated Foam Market, By Type
5.1 Introduction
5.2 Reticulated Polyester Foam
5.3 Reticulated Polyether Foam
6 Global Reticulated Foam Market, By Porosity
6.1 Introduction
6.2 Moderately Porous (50-75 PPI)
6.3 Less Porous (<50 PPI)
6.4 Highly Porous (>75 PPI)
7 Global Reticulated Foam Market, By Application
7.1 Introduction
7.2 Filtration
7.3 Fluid Management
7.4 Solar
7.5 Sound Absorption
7.6 Other Applications
8 Global Reticulated Foam Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Carpenter Co
10.2 Crest Foam Industries, Inc
10.3 FoamPartner Group
10.4 Fostek Corporation
10.5 Neveon
10.6 Polymer Technologies, Inc
10.7 Rogers Foam Corporation
10.8 Rubberlite, Inc
10.9 Sekisui Chemical Co., Ltd
10.10 Sheela Foam
10.11 Technical Foam Services Ltd
10.12 Woodbridge Foam Corporation
List of Tables
1 Global Reticulated Foam Market Outlook, By Region (2021-2030) ($MN)
2 Global Reticulated Foam Market Outlook, By Type (2021-2030) ($MN)
3 Global Reticulated Foam Market Outlook, By Reticulated Polyester Foam (2021-2030) ($MN)
4 Global Reticulated Foam Market Outlook, By Reticulated Polyether Foam (2021-2030) ($MN)
5 Global Reticulated Foam Market Outlook, By Porosity (2021-2030) ($MN)
6 Global Reticulated Foam Market Outlook, By Moderately Porous (50-75 PPI) (2021-2030) ($MN)
7 Global Reticulated Foam Market Outlook, By Less Porous (<50 PPI) (2021-2030) ($MN)
8 Global Reticulated Foam Market Outlook, By Highly Porous (>75 PPI) (2021-2030) ($MN)
9 Global Reticulated Foam Market Outlook, By Application (2021-2030) ($MN)
10 Global Reticulated Foam Market Outlook, By Filtration (2021-2030) ($MN)
11 Global Reticulated Foam Market Outlook, By Fluid Management (2021-2030) ($MN)
12 Global Reticulated Foam Market Outlook, By Solar (2021-2030) ($MN)
13 Global Reticulated Foam Market Outlook, By Sound Absorption (2021-2030) ($MN)
14 Global Reticulated Foam Market Outlook, By Other Applications (2021-2030) ($MN)
15 North America Reticulated Foam Market Outlook, By Country (2021-2030) ($MN)
16 North America Reticulated Foam Market Outlook, By Type (2021-2030) ($MN)
17 North America Reticulated Foam Market Outlook, By Reticulated Polyester Foam (2021-2030) ($MN)
18 North America Reticulated Foam Market Outlook, By Reticulated Polyether Foam (2021-2030) ($MN)
19 North America Reticulated Foam Market Outlook, By Porosity (2021-2030) ($MN)
20 North America Reticulated Foam Market Outlook, By Moderately Porous (50-75 PPI) (2021-2030) ($MN)
21 North America Reticulated Foam Market Outlook, By Less Porous (<50 PPI) (2021-2030) ($MN)
22 North America Reticulated Foam Market Outlook, By Highly Porous (>75 PPI) (2021-2030) ($MN)
23 North America Reticulated Foam Market Outlook, By Application (2021-2030) ($MN)
24 North America Reticulated Foam Market Outlook, By Filtration (2021-2030) ($MN)
25 North America Reticulated Foam Market Outlook, By Fluid Management (2021-2030) ($MN)
26 North America Reticulated Foam Market Outlook, By Solar (2021-2030) ($MN)
27 North America Reticulated Foam Market Outlook, By Sound Absorption (2021-2030) ($MN)
28 North America Reticulated Foam Market Outlook, By Other Applications (2021-2030) ($MN)
29 Europe Reticulated Foam Market Outlook, By Country (2021-2030) ($MN)
30 Europe Reticulated Foam Market Outlook, By Type (2021-2030) ($MN)
31 Europe Reticulated Foam Market Outlook, By Reticulated Polyester Foam (2021-2030) ($MN)
32 Europe Reticulated Foam Market Outlook, By Reticulated Polyether Foam (2021-2030) ($MN)
33 Europe Reticulated Foam Market Outlook, By Porosity (2021-2030) ($MN)
34 Europe Reticulated Foam Market Outlook, By Moderately Porous (50-75 PPI) (2021-2030) ($MN)
35 Europe Reticulated Foam Market Outlook, By Less Porous (<50 PPI) (2021-2030) ($MN)
36 Europe Reticulated Foam Market Outlook, By Highly Porous (>75 PPI) (2021-2030) ($MN)
37 Europe Reticulated Foam Market Outlook, By Application (2021-2030) ($MN)
38 Europe Reticulated Foam Market Outlook, By Filtration (2021-2030) ($MN)
39 Europe Reticulated Foam Market Outlook, By Fluid Management (2021-2030) ($MN)
40 Europe Reticulated Foam Market Outlook, By Solar (2021-2030) ($MN)
41 Europe Reticulated Foam Market Outlook, By Sound Absorption (2021-2030) ($MN)
42 Europe Reticulated Foam Market Outlook, By Other Applications (2021-2030) ($MN)
43 Asia Pacific Reticulated Foam Market Outlook, By Country (2021-2030) ($MN)
44 Asia Pacific Reticulated Foam Market Outlook, By Type (2021-2030) ($MN)
45 Asia Pacific Reticulated Foam Market Outlook, By Reticulated Polyester Foam (2021-2030) ($MN)
46 Asia Pacific Reticulated Foam Market Outlook, By Reticulated Polyether Foam (2021-2030) ($MN)
47 Asia Pacific Reticulated Foam Market Outlook, By Porosity (2021-2030) ($MN)
48 Asia Pacific Reticulated Foam Market Outlook, By Moderately Porous (50-75 PPI) (2021-2030) ($MN)
49 Asia Pacific Reticulated Foam Market Outlook, By Less Porous (<50 PPI) (2021-2030) ($MN)
50 Asia Pacific Reticulated Foam Market Outlook, By Highly Porous (>75 PPI) (2021-2030) ($MN)
51 Asia Pacific Reticulated Foam Market Outlook, By Application (2021-2030) ($MN)
52 Asia Pacific Reticulated Foam Market Outlook, By Filtration (2021-2030) ($MN)
53 Asia Pacific Reticulated Foam Market Outlook, By Fluid Management (2021-2030) ($MN)
54 Asia Pacific Reticulated Foam Market Outlook, By Solar (2021-2030) ($MN)
55 Asia Pacific Reticulated Foam Market Outlook, By Sound Absorption (2021-2030) ($MN)
56 Asia Pacific Reticulated Foam Market Outlook, By Other Applications (2021-2030) ($MN)
57 South America Reticulated Foam Market Outlook, By Country (2021-2030) ($MN)
58 South America Reticulated Foam Market Outlook, By Type (2021-2030) ($MN)
59 South America Reticulated Foam Market Outlook, By Reticulated Polyester Foam (2021-2030) ($MN)
60 South America Reticulated Foam Market Outlook, By Reticulated Polyether Foam (2021-2030) ($MN)
61 South America Reticulated Foam Market Outlook, By Porosity (2021-2030) ($MN)
62 South America Reticulated Foam Market Outlook, By Moderately Porous (50-75 PPI) (2021-2030) ($MN)
63 South America Reticulated Foam Market Outlook, By Less Porous (<50 PPI) (2021-2030) ($MN)
64 South America Reticulated Foam Market Outlook, By Highly Porous (>75 PPI) (2021-2030) ($MN)
65 South America Reticulated Foam Market Outlook, By Application (2021-2030) ($MN)
66 South America Reticulated Foam Market Outlook, By Filtration (2021-2030) ($MN)
67 South America Reticulated Foam Market Outlook, By Fluid Management (2021-2030) ($MN)
68 South America Reticulated Foam Market Outlook, By Solar (2021-2030) ($MN)
69 South America Reticulated Foam Market Outlook, By Sound Absorption (2021-2030) ($MN)
70 South America Reticulated Foam Market Outlook, By Other Applications (2021-2030) ($MN)
71 Middle East & Africa Reticulated Foam Market Outlook, By Country (2021-2030) ($MN)
72 Middle East & Africa Reticulated Foam Market Outlook, By Type (2021-2030) ($MN)
73 Middle East & Africa Reticulated Foam Market Outlook, By Reticulated Polyester Foam (2021-2030) ($MN)
74 Middle East & Africa Reticulated Foam Market Outlook, By Reticulated Polyether Foam (2021-2030) ($MN)
75 Middle East & Africa Reticulated Foam Market Outlook, By Porosity (2021-2030) ($MN)
76 Middle East & Africa Reticulated Foam Market Outlook, By Moderately Porous (50-75 PPI) (2021-2030) ($MN)
77 Middle East & Africa Reticulated Foam Market Outlook, By Less Porous (<50 PPI) (2021-2030) ($MN)
78 Middle East & Africa Reticulated Foam Market Outlook, By Highly Porous (>75 PPI) (2021-2030) ($MN)
79 Middle East & Africa Reticulated Foam Market Outlook, By Application (2021-2030) ($MN)
80 Middle East & Africa Reticulated Foam Market Outlook, By Filtration (2021-2030) ($MN)
81 Middle East & Africa Reticulated Foam Market Outlook, By Fluid Management (2021-2030) ($MN)
82 Middle East & Africa Reticulated Foam Market Outlook, By Solar (2021-2030) ($MN)
83 Middle East & Africa Reticulated Foam Market Outlook, By Sound Absorption (2021-2030) ($MN)
84 Middle East & Africa Reticulated Foam Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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