Elastomeric Foam Market 2019 | Technology, Applications, Growth and Region Forecast 2023

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Elastomeric Foam Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Elastomeric Foam Market Research Report- Forecast
to 2023
Elastomeric Foam Market - Overview
Elastomeric Foam is a rubber-based insulating
material with closed pores and uniform cell
structure and possesses high vapor diffusion
values. It is used in various applications such
as air conditioners, refrigerators, chilled water
pipelines, and tube equipment and fittings as it
provides excellent insulation and condensation
control in HVAC systems while reducing energy
consumption. Elastomeric Foam is available in two
typesnatural rubber and synthetic rubber the
latter includes nitrile butadiene rubber,
ethylene propylene diene monomer (EPDM), and
chloroprene. Nitrile butadiene rubber elastomeric
foam is used widely due to its superior
properties such as high moisture resistance,
thermal efficiency, chemical resistance,
elasticity, and flexibility. The growth of the
Elastomeric Foam Market is driven by the growing
heating, ventilation, and air conditioning (HVAC)
industry with the rising installation of HVAC
systems in residential and commercial buildings
such as healthcare facilities, shopping
complexes, warehouses, and supermarkets. The
increasing use of elastomeric foam in chillers,
refrigerators, duct systems, and plastic pipes
such as refrigeration piping and hot- and
cold-water pipes is likely to drive the growth of
the elastomeric foam market. Additionally, rising
awareness about indoor air quality is likely to
increase the demand for Elastomeric Foam with
antimicrobial additives in air conditioners and
HVAC systems. The consumption of Elastomeric Foam
is increasing in automobile parts such as
gaskets, sealing, and under hood applications as
it provides good thermal insulation and corrosion
control. The growing automotive industry with the
rising production of lightweight, electric, and
hybrid vehicles is likely to drive the demand for
Elastomeric Foam. Also, due to its good
electrical insulation properties, the use of
elastomeric foam is increasing in the electrical
and electronics industry, which is likely to
propel market growth during the forecast
period. Some of the key growth strategies adopted
by market players include new product
developments, expansions, and acquisitions. For
instance, in May 2018, Armacell International SA,
acquired Guangdong De Xu Insulation Materials Co.
Ltd, a manufacturer of elastomeric foam, to
expand its product portfolio and strengthen its
presence in Asia-Pacific.
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Elastomeric Foam Market Research Report- Forecast
to 2023
Segmental Analysis
The Global Elastomeric Foam Market has been
segmented by Type, Application and Region. On
the Basis of Type, the market has been segmented
into natural rubber and synthetic rubber, which
includes nitrile butadiene rubber, ethylene
propylene diene monomer (EPDM), chloroprene, and
others. Based on End-Use Industry, the market
has been divided into HVAC, automotive,
electrical and electronics, and others. By
Region, the market has been categorized as North
America, Europe, Asia-Pacific, Latin America, and
the Middle East Africa. Access Report Details
_at_ https//www.marketresearchfuture.com/reports/ela
stomeric-foam-market-6374
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Elastomeric Foam Market Research Report- Forecast
to 2023
Regional Outlook
Asia-Pacific accounted for the largest share of
the Global Elastomeric Foam Market in 2017 as a
result of industrialization in developing
economies such as India, China, and Thailand.
Increasing residential and commercial
construction as a result of urbanization has led
to a rising demand for duct and HVAC systems,
which is likely to fuel the demand for
Elastomeric Foam. North America is another
prominent market for Elastomeric Foam owing to
the increasing construction spending in the
region. Additionally, the expanding automotive
industry with the increase in production of
lightweight, electric, and hybrid vehicles is
likely to drive market growth during the review
period. The European market is expected to grow
on account of the reviving automotive industry
with the surge in demand for high
energy-efficient and lightweight vehicles to
reduce carbon emissions. The Latin American
market is expected to grow at a significant rate
during the review period with the expanding
automotive industry in Brazil and Mexico. The
market in the Middle East Africa is likely to
exhibit considerable growth in the coming years
with increasing investments in the construction
sector and an expanding HVAC market in the region.
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Elastomeric Foam Market Research Report- Forecast
to 2023
Major Players in this Research

• Elastomeric Foam Market Prominent Players
• Armacell International SA (Luxembourg)
• Hira Industries LLC (UAE)
• Zotefoams PLC (UK)
• L'isolante K-Flex SpA (Italy)
• Huamei (China)
• Kaimann GmbH (Germany)
• Jinan Retek Industries Inc. (China)
• NMC SA (Belgium)
• Grando (Belgium)
• Sekisui Plastics Co., Ltd (Japan)
• Rogers Foam Corporation (US)

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