Market Overview:
The global closed cell sponges market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for closed cell sponges in various applications such as marine, construction, railway, aerospace and electric industries. Closed cell sponges are also used in other applications such as automatic and medical industries. North America is expected to lead the global closed cell sponge market during the forecast period owing to the presence of major players in this region and increasing demand for these products from various end-use industries.
Product Definition:
A closed cell sponge is a type of sponge that has cells that are completely closed off from each other. This prevents liquids from passing through the sponge, which makes them ideal for use in applications where liquid absorption is necessary. Closed cell sponges are also resistant to bacteria and mold, making them a popular choice for many industrial and consumer applications.
Closed Cell Neoprene Sponge:
Closed cell neoprene sponge, also known as polychloroprene or carboxylated nylon, is a synthetic rubber material. It is produced by the polymerization of chloroprene and has an open cell structure like natural rubber. The closed cells are not connected to each other and have a small hole in the center which allows water to pass through while it is being used.
Closed Cell Blended Sponge:
Closed cell blended sponges are made up of three layers. The outer layer is made up of short fibers, which provide strength to the sponge. The middle layer is a mixture of long and short fibers, while the inner layer has mostly long fibers. These products have high tensile strength and durability owing to this feature, they are widely used in industries like oil & gas for drilling purposes as they can take high pressure without breaking down.
Application Insights:
The construction application segment led the global closed cell sponges market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing urbanization leading to rise in building & construction activities across the globe. Moreover, stringent regulations for hygiene maintenance in constructions are expected to further drive demand from this sector over the next few years.
The railway application segment accounted for 20% of total revenue share in 2017 owing to high product demand due largelyto properties such as water repellence and anti-slip texture that help prevent accidents on railways tracks resulting from slipping or falling off trains caused due lack of safety equipment or rails.
Regional Analysis:
North America dominated the global closed cell sponges market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for high-performance products from various end-use industries such as marine, railway, aerospace, construction and electric.
The presence of major aircraft manufacturers such as Boeing in the U.S., along with key players such as 3M Company that manufactures a broad range of products including acoustic insulation materials is expected to boost product demand over the next eight years. In addition, growing investments by these companies for manufacturing high performance materials are anticipated to drive industry growth over the coming years.
Asia Pacific is projected to witness significant growth during the forecast period owing to rapid industrialization coupled with rising infrastructure activities in countries like China and India which are among some of largest consumers of sponge products on account their extensive usage across numerous end-use industries including automotive/tires, textile machinery & equipment etc.).
Growth Factors:
- Increasing demand from the construction and automotive industries for Closed Cell Sponges as a sealing and insulation material.
- Growing popularity of eco-friendly products, which has led to an increase in the demand for biodegradable Closed Cell Sponges.
- Rising disposable income of consumers in developing countries, which is resulting in an increase in the demand for premium quality Closed Cell Sponges products.
- Proliferation of online retail platforms, which is making it easier for consumers to access a wide variety of Closed Cell Sponges products at competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Closed Cell Sponges Market Research Report
By Type
Closed Cell Neoprene Sponge, Closed Cell Blended Sponge, Closed Cell Epichlorohydrin Sponge, Other
By Application
Marine, Construction, Railway, Aerospace, Electric, Automatic, Other
By Companies
RKRUBBER, SRPCO, STOCKWELL ELASTOMERICS, American Flexible Products, Custom Gasket Mfg, Phelps Industrial Products, CGR Products, Alanto, Hanna Rubber Company, Delmar Company, Jehbco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Closed Cell Sponges Market Report Segments:
The global Closed Cell Sponges market is segmented on the basis of:
Types
Closed Cell Neoprene Sponge, Closed Cell Blended Sponge, Closed Cell Epichlorohydrin Sponge, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Marine, Construction, Railway, Aerospace, Electric, Automatic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- RKRUBBER
- SRPCO
- STOCKWELL ELASTOMERICS
- American Flexible Products
- Custom Gasket Mfg
- Phelps Industrial Products
- CGR Products
- Alanto
- Hanna Rubber Company
- Delmar Company
- Jehbco
Highlights of The Closed Cell Sponges Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Closed Cell Neoprene Sponge
- Closed Cell Blended Sponge
- Closed Cell Epichlorohydrin Sponge
- Other
- By Application:
- Marine
- Construction
- Railway
- Aerospace
- Electric
- Automatic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Closed Cell Sponges Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Closed cell sponges are a type of absorbent material that is made up of small, interconnected cells. These cells are held together by a strong mesh-like fabric, which makes the sponge highly absorbent. Closed cell sponges are often used in industrial applications, such as in manufacturing processes or for cleaning purposes.
Some of the major companies in the closed cell sponges market are RKRUBBER, SRPCO, STOCKWELL ELASTOMERICS, American Flexible Products, Custom Gasket Mfg, Phelps Industrial Products, CGR Products, Alanto, Hanna Rubber Company, Delmar Company, Jehbco.
The closed cell sponges market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Closed Cell Sponges Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Closed Cell Sponges Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Closed Cell Sponges Market - Supply Chain
4.5. Global Closed Cell Sponges Market Forecast
4.5.1. Closed Cell Sponges Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Closed Cell Sponges Market Size (000 Units) and Y-o-Y Growth
4.5.3. Closed Cell Sponges Market Absolute $ Opportunity
5. Global Closed Cell Sponges Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Closed Cell Sponges Market Size and Volume Forecast by Type
5.3.1. Closed Cell Neoprene Sponge
5.3.2. Closed Cell Blended Sponge
5.3.3. Closed Cell Epichlorohydrin Sponge
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Closed Cell Sponges Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Closed Cell Sponges Market Size and Volume Forecast by Application
6.3.1. Marine
6.3.2. Construction
6.3.3. Railway
6.3.4. Aerospace
6.3.5. Electric
6.3.6. Automatic
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Closed Cell Sponges Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Closed Cell Sponges Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Closed Cell Sponges Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Closed Cell Sponges Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Closed Cell Sponges Demand Share Forecast, 2019-2026
9. North America Closed Cell Sponges Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Closed Cell Sponges Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Closed Cell Sponges Market Size and Volume Forecast by Application
9.4.1. Marine
9.4.2. Construction
9.4.3. Railway
9.4.4. Aerospace
9.4.5. Electric
9.4.6. Automatic
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Closed Cell Sponges Market Size and Volume Forecast by Type
9.7.1. Closed Cell Neoprene Sponge
9.7.2. Closed Cell Blended Sponge
9.7.3. Closed Cell Epichlorohydrin Sponge
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Closed Cell Sponges Demand Share Forecast, 2019-2026
10. Latin America Closed Cell Sponges Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Closed Cell Sponges Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Closed Cell Sponges Market Size and Volume Forecast by Application
10.4.1. Marine
10.4.2. Construction
10.4.3. Railway
10.4.4. Aerospace
10.4.5. Electric
10.4.6. Automatic
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Closed Cell Sponges Market Size and Volume Forecast by Type
10.7.1. Closed Cell Neoprene Sponge
10.7.2. Closed Cell Blended Sponge
10.7.3. Closed Cell Epichlorohydrin Sponge
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Closed Cell Sponges Demand Share Forecast, 2019-2026
11. Europe Closed Cell Sponges Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Closed Cell Sponges Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Closed Cell Sponges Market Size and Volume Forecast by Application
11.4.1. Marine
11.4.2. Construction
11.4.3. Railway
11.4.4. Aerospace
11.4.5. Electric
11.4.6. Automatic
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Closed Cell Sponges Market Size and Volume Forecast by Type
11.7.1. Closed Cell Neoprene Sponge
11.7.2. Closed Cell Blended Sponge
11.7.3. Closed Cell Epichlorohydrin Sponge
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Closed Cell Sponges Demand Share, 2019-2026
12. Asia Pacific Closed Cell Sponges Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Closed Cell Sponges Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Closed Cell Sponges Market Size and Volume Forecast by Application
12.4.1. Marine
12.4.2. Construction
12.4.3. Railway
12.4.4. Aerospace
12.4.5. Electric
12.4.6. Automatic
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Closed Cell Sponges Market Size and Volume Forecast by Type
12.7.1. Closed Cell Neoprene Sponge
12.7.2. Closed Cell Blended Sponge
12.7.3. Closed Cell Epichlorohydrin Sponge
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Closed Cell Sponges Demand Share, 2019-2026
13. Middle East & Africa Closed Cell Sponges Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Closed Cell Sponges Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Closed Cell Sponges Market Size and Volume Forecast by Application
13.4.1. Marine
13.4.2. Construction
13.4.3. Railway
13.4.4. Aerospace
13.4.5. Electric
13.4.6. Automatic
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Closed Cell Sponges Market Size and Volume Forecast by Type
13.7.1. Closed Cell Neoprene Sponge
13.7.2. Closed Cell Blended Sponge
13.7.3. Closed Cell Epichlorohydrin Sponge
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Closed Cell Sponges Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Closed Cell Sponges Market: Market Share Analysis
14.2. Closed Cell Sponges Distributors and Customers
14.3. Closed Cell Sponges Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. RKRUBBER
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SRPCO
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. STOCKWELL ELASTOMERICS
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. American Flexible Products
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Custom Gasket Mfg
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Phelps Industrial Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CGR Products
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Alanto
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hanna Rubber Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Delmar Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jehbco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
