Technical Foam Market Size, Share, Growth Analysis, Trends and Industry Forecast till 2022-2027
According to the latest report by IMARC Group, titled " Global Technical Foam Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ",the global technical foam market reached a value of US$ 29.3 Billion in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 40.4 Billion by 2027 , exhibiting a CAGR of 5.20% during 2022-2027 . Technical foams are a type of specialty foam manufactured using rubber and polymer blends for various industrial and commercial applications. They have low density and good mechanical strength, durability, lightweight, skin-friendliness, and versatility. They also provide excellent heat, mildew and fire resistance, protection against shock and vibrations, cushioning, noise dampening, water absorption, and thermal insulation properties. They are widely used for packaging, sound insulation, cleaning, filtering, and sealing purposes. As a result, technical foams find extensive applications across numerous...