Syntactic foam is used across industries, such as Marine& Subsea, Automotive & Transportation, Aerospace & Defense, Sports & Leisure, and Others. In the Syntactic Foam Market, marine & subsea is the key end-use industry owing to the wide applications of these syntactic foam.
The polymer matrix is expected to dominate the global Syntactic Foam Market during the forecast period.
The polymer matrix will continue to lead the Syntactic Foam Market. The key driver for the growth of syntactic foam in this segment are rising demand from marine & subsea applications such as underwater robotics, vehicles, flotation, pumps, and oil & gas pipeline insulation.
Furthermore, the polymer matrix is also expected to be fastest growing segment during the forecast period due to increase in ultra and deep-water activity because of their superior properties such as low coefficient of thermal expansion, a high specific strength. The above mentioned factors are expected to drive the demand during forec