Elastomeric Foam Market Report

Market Insights

"The global elastomeric foam market size was estimated at USD 3.25 billion in 2022 and is likely to grow at a CAGR of 6.71% during 2023-2028 to reach USD 4.83 billion in 2028."

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Elastomeric Foam is free from hydrofluorocarbons, hydrochlorofluorocarbons, and chlorofluorocarbons. This procedure of manufacturing makes them lesser harmful to the environment.

Elastomeric Foam can be of latex or natural rubber and also synthetic rubber. They are used across a number of industries such as automotive, HVAC, electronics, and others.

Market Dynamics

Market Drivers

The extensive use of elastomeric foam as insulation material for energy saving and its demand from various end-use industries, such as automotive, HVAC, and electrical & electronics is driving the elastomeric foam market globally.

Segments Analysis

By Type

"The synthetic rubber segment accounted for the largest market share."

The market is segmented as natural rubber/latex and synthetic rubber. The larger share of the market is held by synthetic rubber as it is more economical than natural rubber and also offers better properties for various applications.  The Nitrile-Butadiene Rubber (NBR) is a widely used synthetic rubber; Ethylene-Propylene Diamine Monomer (EPDM) and Chloroprene Rubber (CR) are the other major types of synthetic rubber used in the industry.

End-Use Industry Trends

"The HVAC segment accounted for the largest market share."

The market is segmented as HVAC, automotive, electrical & electronics, and others. The HVAC segment is estimated to remain the dominant segment during the forecast period. Stringent regulations for energy efficient HVAC systems in industries are elevating the demand for elastomeric foam in HVAC application. In automotive industry, elastomeric foams are generally used in gaskets & seals, trim, panels, liners, insulation and in mats.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is expected to be the largest market for elastomeric foam in the coming five years. China and India are the growth engines of the region. The market is driven by the growing demand for elastomeric foam from various end-use industries and the presence of elastomeric foam manufacturers and their customers in the region. North America and Europe are also expected to offer substantial demand during the forecast period.

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Key Players

The following are the key players in the elastomeric foam market (arranged alphabetically).

• Aeroflex USA, Inc.
• Armacell International S.A.
• Hira Industries
• Huamei Energy-Saving Technology Group Co.,Ltd
• Jinan Retek Industries Inc.
• Kaimann GmbH International
• L'isolante K-Flex S.p.A.
• Rogers Corporation
• Zotefoams PLC.

Note: The above list does not necessarily include all the top players in the market.

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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.

What Deliverables Will You Get in this Report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s elastomeric foam market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a 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 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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)

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.