What is the market prospect of Rogers foam in the field of new energy vehicles?

Rogers foam has a broad market prospect in the field of new energy vehicles, mainly based on the following aspects:

The new energy vehicle market is growing strongly: with the global attention to environmental protection and sustainable development, the new energy vehicle market continues to expand. According to the market research organization QYResearch, the global market size of sealing materials for lithium-ion battery packs of new energy vehicles is about 5.458 billion yuan in 2023, and it is expected to reach 9.865 billion yuan in 2030, with a compound annual growth rate of 7.19%. Rogers foam, as an important material in key links such as battery pack sealing, will benefit from the rapid development of new energy vehicle market.

Outstanding product performance advantages: Rogers foam has excellent cushioning and vibration isolation performance, good sealing performance, excellent compression deformation resistance, wide temperature adaptation range, excellent flame retardancy, etc., which can effectively meet the performance requirements of components such as battery packs of new energy vehicles. For example, its PORON® polyurethane foam can manage the stress caused by battery expansion and temperature fluctuation, and BISCO HT-800 silicone foam can work at extreme temperatures from-55°C to+200°C and meet UL 94 flame retardant standards.

Strong technical innovation and customization ability: Rogers works closely with OEMs and auto parts suppliers, and can quickly customize key elastomer material solutions for various EV projects. For example, according to the demand of an automobile manufacturer, Rogers PORON® polyurethane foam material meets the requirements of softness, compressibility and durability of its battery caulking material through a suitable formula.

Leading market share: In the global market of sealing materials for lithium-ion battery packs of new energy vehicles, Rogers Company is one of the main core manufacturers, with a market share as high as 9.44%, showing strong market competitiveness.

Environmental protection and reliability conform to the trend: Rogers foam is halogen-free and antimony-free, conforms to environmental protection standards such as RoHS and REACH, can directly contact optical components and metals, and will not cause harm to the environment and human body. Its long service life can also meet the long-term use needs of new energy vehicles, which conforms to the development trend of environmental protection and reliability in the automobile industry.