Market Overview:
The global solid buoyancy material (SBM) market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the SBM market can be attributed to the increasing demand for scuba diving equipment, offshore oil exploration, ocean buoy, and other applications. The chemical foam buoyancy material segment is expected to dominate the SBM market during the forecast period owing to its properties such as high strength-to-weight ratio and thermal insulation. In terms of region, North America is expected to lead the global SBM market during the forecast period followed by Europe and Asia Pacific.
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Product Definition:
Solid Buoyancy Material (SBM) is a material that is used to provide buoyancy. It is often used in flotation devices or other objects that need to be buoyant.
Chemical Foam Buoyancy Material:
Chemical foam buoyancy material is a type of synthetic material that has foaming properties. These materials are used in the manufacturing of life jackets, suits, and other personal protective equipment (PPE) due to their unique physical characteristics. Chemical foam buoyancy materials have high durability and can be easily manufactured at low cost which makes them suitable for use in developing countries where PPE is required in large quantities.
Hollow Glass Bead Buoyancy Material:
Hollow glass beads (HCG) are used as a raw material for manufacturing SBM, which is further processed to manufacture solid buoyancy material (SBM). The production process of SBM includes the melting of HCB with additives and fillers in the presence of soda ash at a temperature between 1400-1650 degrees Celsius. The final product is an amorphous mass that consists mainly hollow glass beads.
Application Insights:
The other application segment includes applications such as technical diving, deep sea exploration, saturation diving, and free-diving. The offshore oil exploration application is expected to witness the fastest growth over the forecast period owing to its rising adoption in various industries including energy and power.
Scuba divers are employed in various industries including marine biology research; however, their major applications are in tourism and military services. The number of scuba divers has increased exponentially over the past two decades due to technological advancements coupled with affordable prices of equipment.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major industry participants and technological advancements. The region is expected to continue its dominance over the forecast period due to increasing offshore oil exploration activities in U.S., Canada, and Mexico. In addition, rising scuba diving tourism in these countries is also anticipated to fuel product demand over the next eight years.
Asia Pacific regional market for solid buoyancy material is projected to grow at a lucrative rate during the forecast period owing to growing marine recreational activities such as fishing, spearfishing, kayaking/canoeing/ rafting etc., coupled with offshore oil exploration activities off Andhra Pradesh (AP), India; South China Sea (SCS), Philippines; Vietnam; Thailand etc.
Europe has been one of significant contributors towards innovation.
Growth Factors:
- Increasing demand for SBM in the construction industry as a result of growing population and rapid urbanization.
- Rising awareness about the benefits of using SBM, which is helping to increase its adoption in various end-use industries.
- Growing investments by leading players in research and development activities to develop new and innovative products that can cater to the specific needs of different industries.
- Proliferation of online retail platforms that are aiding in increasing sales of SBM products across regions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid Buoyancy Material (SBM) Market Research Report
By Type
Chemical Foam Buoyancy Material, Hollow Glass Bead Buoyancy Material, Composite Lightweight Buoyancy Material
By Application
Scuba Diving Equipment, Offshore Oil Exploration, Ocean Buoy, Other
By Companies
Trelleborg, Matrix, Balmoral, Engineered Syntactic Systems (ESS), Diab Group, Bmtl-HF, Gurit, Floatex, Syntech, Marine Chemical Research Institute, Hubei Haishan Technology Co.,Ltd., CBM Future, AMMT, Qingdao Evergreen Maritime Co.,Ltd
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Solid Buoyancy Material (SBM) Market Report Segments:
The global Solid Buoyancy Material (SBM) market is segmented on the basis of:
Types
Chemical Foam Buoyancy Material, Hollow Glass Bead Buoyancy Material, Composite Lightweight Buoyancy Material
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
Scuba Diving Equipment, Offshore Oil Exploration, Ocean Buoy, 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:
- Trelleborg
- Matrix
- Balmoral
- Engineered Syntactic Systems (ESS)
- Diab Group
- Bmtl-HF
- Gurit
- Floatex
- Syntech
- Marine Chemical Research Institute
- Hubei Haishan Technology Co.,Ltd.
- CBM Future
- AMMT
- Qingdao Evergreen Maritime Co.,Ltd
 Market Overview.svg)
Highlights of The Solid Buoyancy Material (SBM) 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:
- Chemical Foam Buoyancy Material
- Hollow Glass Bead Buoyancy Material
- Composite Lightweight Buoyancy Material
- By Application:
- Scuba Diving Equipment
- Offshore Oil Exploration
- Ocean Buoy
- 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 Solid Buoyancy Material (SBM) 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
Solid Buoyancy Material (SBM) is a type of material that has the ability to maintain its shape and resist deformation even when subjected to high pressures and temperatures. SBM can be used in applications such as aerospace, oil and gas, marine, and water resources.
Some of the major players in the solid buoyancy material (sbm) market are Trelleborg, Matrix, Balmoral, Engineered Syntactic Systems (ESS), Diab Group, Bmtl-HF, Gurit, Floatex, Syntech, Marine Chemical Research Institute, Hubei Haishan Technology Co.,Ltd., CBM Future, AMMT, Qingdao Evergreen Maritime Co.,Ltd.
The solid buoyancy material (sbm) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solid Buoyancy Material (SBM) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Solid Buoyancy Material (SBM) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solid Buoyancy Material (SBM) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Solid Buoyancy Material (SBM) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Solid Buoyancy Material (SBM) Market Size & Forecast, 2020-2028
4.5.1 Solid Buoyancy Material (SBM) Market Size and Y-o-Y Growth
4.5.2 Solid Buoyancy Material (SBM) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Chemical Foam Buoyancy Material
5.2.2 Hollow Glass Bead Buoyancy Material
5.2.3 Composite Lightweight Buoyancy Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Scuba Diving Equipment
6.2.2 Offshore Oil Exploration
6.2.3 Ocean Buoy
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solid Buoyancy Material (SBM) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solid Buoyancy Material (SBM) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Chemical Foam Buoyancy Material
9.6.2 Hollow Glass Bead Buoyancy Material
9.6.3 Composite Lightweight Buoyancy Material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Scuba Diving Equipment
9.10.2 Offshore Oil Exploration
9.10.3 Ocean Buoy
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Chemical Foam Buoyancy Material
10.6.2 Hollow Glass Bead Buoyancy Material
10.6.3 Composite Lightweight Buoyancy Material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Scuba Diving Equipment
10.10.2 Offshore Oil Exploration
10.10.3 Ocean Buoy
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Chemical Foam Buoyancy Material
11.6.2 Hollow Glass Bead Buoyancy Material
11.6.3 Composite Lightweight Buoyancy Material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Scuba Diving Equipment
11.10.2 Offshore Oil Exploration
11.10.3 Ocean Buoy
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Chemical Foam Buoyancy Material
12.6.2 Hollow Glass Bead Buoyancy Material
12.6.3 Composite Lightweight Buoyancy Material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Scuba Diving Equipment
12.10.2 Offshore Oil Exploration
12.10.3 Ocean Buoy
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Chemical Foam Buoyancy Material
13.6.2 Hollow Glass Bead Buoyancy Material
13.6.3 Composite Lightweight Buoyancy Material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Scuba Diving Equipment
13.10.2 Offshore Oil Exploration
13.10.3 Ocean Buoy
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solid Buoyancy Material (SBM) Market: Competitive Dashboard
14.2 Global Solid Buoyancy Material (SBM) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trelleborg
14.3.2 Matrix
14.3.3 Balmoral
14.3.4 Engineered Syntactic Systems (ESS)
14.3.5 Diab Group
14.3.6 Bmtl-HF
14.3.7 Gurit
14.3.8 Floatex
14.3.9 Syntech
14.3.10 Marine Chemical Research Institute
14.3.11 Hubei Haishan Technology Co.,Ltd.
14.3.12 CBM Future
14.3.13 AMMT
14.3.14 Qingdao Evergreen Maritime Co.,Ltd
