Global Technical Foam Market reached a value of US$ 29.3 Billion in 2022. Looking forward, the market to reach a value of US$ 40.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.20% during 2023-2032.

One of the major factors favourably affecting the market is the increase in building and construction activity. Technical foam is also widely used in the automotive sector since it lowers the weight of insulation and raises fuel efficiency in cars. Additionally, it is utilised in electric cars (EVs) to compress foam and protect battery components from stress and rattling.

Technical foam also includes polyurethane (PU) foam, which has low density, a high heat conduction coefficient, and water absorption characteristics. As a result, it is used in short-term implants, surgical drapes, general-purpose tubing, hospital bedding, and catheters in the healthcare sector. Additionally, PU foam is used as a padded material for agility, judo, martial arts, gymnastics, and wrestling mats in schools, athletic facilities, and recreation and climbing facilities.

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