Flexible Elastomeric Foam Market Report

Flexible Elastomeric Foam Market Insights

Flexible Elastomeric Foam market is likely to witness an impressive CAGR of 4.5% during the forecast period. The key factor contributing to the demand for flexible elastomeric foams is mainly the growth of end-use industries, such as HVAC and automotive & transportation.

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Market Share Analysis

Flexible Elastomeric Foam Market Share: By Type

Based on the type, the market is segmented as natural rubber/latex, nitrile butadiene rubber/polyvinyl chloride (NBR/PVC), ethylene propylene dine monomer (EPDM), chloroprene (CR), and Others. The NBR/PVC segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Further, its exceptional properties such as resistance to swelling by acids, excellent fire performance, good fuel-resistance, and its moderate cost in comparison to other types of rubbers are driving the growth of this segment.

Flexible Elastomeric Foam Market Share: By Function Type

Based on the function type, the flexible elastomeric foam market is segmented as thermal insulation and acoustic insulation. The thermal insulation segment dominated the market in 2019, and is expected to remain dominant during the forecast period. Thermal insulation significantly reduces energy consumption across a broad spectrum of applications such as in solar piping, residential & commercial heating & ventilation piping, and AC and refrigeration piping, which is the key factor propelling the growth of this segment.

Flexible Elastomeric Foam Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as HVAC, automotive & transportation, and others. The HVAC segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The rising demand for HVAC in the construction industry is expected to drive the growth of this segment.

Flexible Elastomeric Foam Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing flexible elastomeric foam market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as HVAC, automotive & transportation, and others, which is generating huge demand for flexible elastomeric foam and the presence of a large number of flexible elastomeric foam manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Some of the major players in the flexible elastomeric foam market are-

• Armacell International S.A.
• Aeroflex
• Anavid Insulation Products
• ERA Polymers
• Hira Industries
• Huamei Energy-saving Technology Group
• Kaimann GmbH
• L'ISOLANTE K-FLEX
• NMC SA
• Rogers Corporation.

Market Scope & Segmentation

Flexible Elastomeric Foams are products that are lightweight and open celled. They are usually employed for cushioning, filtration, and insulation purposes. Also, these foams are used for soundproofing to reduce the discordant levels of noise emitted from machines or enclosures. The product offers low-thermal conductivity and optimum water vapor diffusion resistance that makes it the ideal claimant for insulation purposes in mechanical installations.

Flexible Elastomeric Foams are of different types, such as NBR/PVC, EPDM, Natural Rubber, CR, and others, that are used in various end-use industries, such as HVAC, automotive & transportation, and others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making, and growth strategy formulation based on the opportunities present in the market.

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The flexible elastomeric foam market is segmented into the following categories. 

Flexible Elastomeric Foam Market Size, Share, & Forecast, by Type:

• Natural Rubber/Latex (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Nitrile Butadiene Rubber/Polyvinyl Chloride (NBR/PVC) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ethylene Propylene Dine Monomer (EPDM) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Chloroprene (CR) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Type Analysis: Silicone, ECH, and SBR)

Flexible Elastomeric Foam Market Size, Share, & Forecast, by Function Type:

• Thermal Insulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Acoustic Insulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Flexible Elastomeric Foam Market Size, Share, & Forecast, by End-Use Industry Type:

• HVAC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive & Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Athletic & Yoga Mats, Hospital, and Electrical & Electronics)

Flexible Elastomeric Foam Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by function Type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and Others, please send your inquiry at sales@stratviewresearch.com.