Elastomeric Foam Market Report

Elastomeric Foam Market Insights 

Elastomeric Foam Market is likely to witness an impressive CAGR of 6.9% during the forecast period. 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.

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Market Share Analysis

Elastomeric Foam Market Share: By Type

Based on the type, 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.

Elastomeric Foam Market Share: By End-Use Industry Type 

Based on the end-use industry type, 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. 

Elastomeric Foam Market Share: By Region

In terms of regions, 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.

Elastomeric Foam Market: Key Players

Some of the elastomeric foam manufacturers are-

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

Market Scope & segmentation

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.

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.

The elastomeric foam market is segmented into the following categories. 

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

• Natural Rubber/Latex (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Synthetic Rubber
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Type Analysis: Nitrile Butadiene Rubber (NBR), Ethylene Propylene Dine Monomer (EPDM), Chloroprene (CR), and Others)

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

• HVAC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electrical & Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

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, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, 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 end-use industry.  

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.