Reticulated Foam Market Size and Share Envisaged To Reach USD 848.26 Million By 2032, at 6.0% CAGR: Report by Polaris Market Research

The global reticulated foam market size and share is currently valued at USD 505.10 million in 2023. It is anticipated to generate an estimated revenue of USD 848.26 million by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024-2032. The reticulated polyether foam segment took the lead in 2023, primarily driven by its substantial market share propelled by unique characteristics.


New York, NY, Feb. 22, 2024 (GLOBE NEWSWIRE) -- The latest research report [115+] pages with 360-degree visibility, titled “Reticulated Foam Market Share, Size, Trends, Industry Analysis Report, By Type (Reticulated Polyether Foam, Reticulated Polyester Foam); By Porosity; By Application; By Region; Segment Forecast, 2024- 2032" published by Polaris Market Research in its research repository.

The global reticulated foam market size and share is currently valued at USD 505.10 million in 2023. It is anticipated to generate an estimated revenue of USD 848.26 million by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024-2032.

Market Definition

  • What is a Reticulated Foam? How Big is Reticulated Foam Market Size and Share?

Reticulated foam is a porous, low-density type of open-cell foam with multiple applications across several sectors. The foam type is produced by making the piece of open-cell foam go through the reticulation process, which results in the complete removal of cell walls. This, in turn, increases the porosity of the foam and makes it good at filtering and absorbing liquids. Along with being lightweight and affordable, reticulated foams have high tensile strength and excellent tear resistance. Besides, the good chemical resistance of these foams means they don’t easily deteriorate by chemicals.

Based on their material’s Pores Per Inch (PPI), reticulated foam can be categorized into two main types. These are reticulated polyester and reticulated polyether. Reticulated polyester carries a skeletal structure with several pores arranged in a uniform structure. The pores of reticulated polyester are filled with closed cells that reflect light and impede airflow. This makes them an ideal material for usage in seals. Reticulated polyether, on the other hand, has a more open cell structure and performs better in wet conditions. The rising demand for durable outdoor furnishings is one of the primary factors driving the reticulated foam market growth.

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Reticulated Foam Market Key Manufacturers:

  • Carpenter Co.
  • FXI
  • Neveon
  • Polymer Technologies, Inc.
  • Rogers Foam Corporation
  • Sheela Foam
  • WinFun Foam
  • Woodbridge Foam Corporation

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Key Highlights

  • Rising emphasis on air quality concerns and increasing technological advancements are the primary factors driving the reticulated foam market demand.
  • The market segmentation is primarily based on type, porosity, application, and region.
  • Asia Pacific dominated the market for reticulated foam in 2023.

Market Developments

Growth Drivers:

  • Increased focus on air quality: The rising emphasis on air quality is one of the major factors driving the industry forward. Reticulated foam, known for its high porosity and efficient filtration capabilities, is helpful in addressing the increased demand for healthier and cleaner outdoor and indoor air. Reticulated foam plays an important role in air filtration systems, where its unique structure allows for the effective removal of particles and pollutants. This, in turn, contributes to the improved overall air quality.
  • Rising demand for durable outdoor furnishings: The growing demand for durable outdoor furnishing is another factor having a favorable impact on the reticulated foam market size. The unique characteristics of this foam type make it an apt choice for outdoor applications. The porous yet solid structure offers resilience against environmental conditions, making it an apt choice for use in outdoor furniture components like padding and cushions.

Industry Trends:

  • Technological advancements: Advances in technology and the availability of customization options also contribute significantly to the growth of the industry. Ongoing developments in manufacturing methods and materials improve the versatility and performance of reticulated foam. Furthermore, reticulated foam provides users the capability to customize it according to their specific needs and applications, making it a go-to choice in various sectors. Furthermore, the adaptability allows industry participants in the reticulated foam market to develop tailored solutions that meet the diverse requirements of applications.

Restraints:

  • Limited application knowledge: A major challenge surrounding the widespread adoption and utilization of reticulated foam is limited application knowledge. In some sectors, knowledge about the various potential application of reticulated foam and their associated benefits is limited. This can impede industry growth as manufacturers may opt to go with more familiar products. Educating stakeholders and industrial professionals about the unique properties and numerous applications of reticulated foam becomes crucial for expanding the industry's presence.

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Segmentation Overview

  • The Polyether Foam Segment Accounted for the Largest Market Share

By type, the polyether foam segment witnessed the largest reticulated foam market share. The segment’s growth is primarily fueled by its unique characteristics, such as flexibility, resilience, and high porosity. This makes them versatile and suitable for a wide range of applications. Besides, the efficiency and adaptability of this foam type means it’s utilized in several sectors. Notably, reticulated polyether foam is widely used in outdoor furnishing, sound absorption systems, and filtration systems. These unique characteristics make polyether foam a preferred choice, highlighting its dominant position in the industry.

  • The Filtration Segment Emerges as the Predominant Sector

The segment’s impressive growth can largely be attributed to the excellent filtration capabilities of reticulated foam. Reticulated foam comes with an open-cell structure, which supports efficient trapping and particle filtration. Besides, the capability of this foam type to customize pore size and its inherent high porosity contribute significantly to its dominance in the segment. These characteristics allow reticulated foam market key players to develop filtration solutions that meet specific industry needs.

Reticulated Foam Market: Report Scope & Dynamics

Report Attribute Details
Revenue Forecast in 2032 USD 848.26 Million
Market size value in 2024 USD 532.82 Million
Expected CAGR Growth 6.0% from 2024 – 2032
Base Year 2023
Forecast Year 2024 – 2032
Top Market Players Carpenter Co., FXI, Neveon, Polymer Technologies, Inc., Rogers Foam Corporation, Sheela Foam, WinFun Foam, and Others
Segments Covered By Porosity, By Type, By Application, By Region
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

Regional Insights

Asia Pacific: The Asia Pacific region dominated the market for reticulated foams. The region’s dominance signifies that a major portion of the manufacturing, consumption, and industry activities related to reticulated foam happen within nations in the APAC region. Numerous factors can contribute to the region’s substantial share in the industry. These are the presence of key production hubs, a large consumer base, and high utilization of the product in various industries.

North America: The reticulated foam market in the North America region is poised to witness the fastest CAGR. In North America, reticulated foam finds widespread applications in liquid and air filtration systems. The foam is highly effective in capturing and filtering particles. This ensures cleaner water and air in several consumer and industrial applications. Besides, the acoustic properties of the foam type mean it’s used for noise control in vehicles by the North American automotive sector.

Browse the Detail Report “Reticulated Foam Market Share, Size, Trends, Industry Analysis Report, By Type (Reticulated Polyether Foam, Reticulated Polyester Foam); By Porosity; By Application; By Region; Segment Forecast, 2024- 2032” with in-depth TOC:  https://www.polarismarketresearch.com/industry-analysis/reticulated-foam-market

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Key Questions Answered in the Report:

What is the current industry size and forecast market value?

Ans: The market for reticulated foam was valued at USD 505.10 million in 2023 and is projected to reach USD 848.26 million by 2032.

At what CAGR is the industry projected to grow?

Ans: The reticulated foam market is anticipated to exhibit a steady CAGR rate of 6.0% over the forecast period.

What are the key factors driving the market growth?

Ans: The market growth is being driven by several factors, including growing emphasis on air quality and increasing technological advancements and customization options.

What are the key segments in the reticulated foam industry?

Ans: The market segmentation is primarily based on porosity, type, application, and region.

Polaris Market Research has segmented the Reticulated Foam market report based on porosity, type, application, and region:

By Porosity Outlook

  • Moderately Porous (50-75 PPI)
  • Less Porous (<50 PPI)
  • Highly Porous (>75 PPI)

By Type Outlook

  • Reticulated Polyether Foam
  • Reticulated Polyester Foam

By Application Outlook

  • Sound Absorption
  • Solar
  • Fluid Management
  • Filtration
  • Others

By Region Outlook

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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About Polaris Market Research:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

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