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The market is estimated to be USD 132 million in 2020 and is projected to reach USD 169 million by 2025.
The driving factor for the Syntactic foam market is its growing demand from the automotive industry.Browse 194 market data Tables and 33 Figures spread through 165 Pages and in-depth TOC on "Syntactic Foam Market by Product Type, Matrix Type (Metal, Polymer, Ceramic), Chemistry, Form (Sheet & Rod, Blocks), Application (Marine& Subsea, Automotive & Transportation, Aerospace , Sports & Leisure), and Region - Global Forecast to 2025".ALSEAMAR (France), Trelleborg AB (Sweden), Diab (Sweden), Deepwater Buoyancy (New England), and CMT Materials (US) among others are the leading syntactic foam manufacturers, globally.
These companies adopted expansion, joint venture, and merger & acquisition as their key growth strategies between 2017 and 2020 to earn a competitive advantage in the syntactic foam market.ALSEAMAR is the largest player in the market.
In January 2018 company new premium grade epoxy syntactic foam launched for ROV/AUV buoyancies, manned and unmanned submersibles, requiring low densities and high hydrostatic strengths.
This series has water depth rating up to 6,000msw.Get 10% Customization on this Report At https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=49852579Trelleborg is the second-largest player of the syntactic foam market, globally.
COVID-19 has impacted their businesses as well.These players have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the US, France, Germany, Italy, and Spain during the COVID-19 pandemic.


