The global elastomeric foam market is estimated to increase from USD 2.6 billion in 2019 to USD 3.6 billion by 2024, at a CAGR of 6.7% during the forecast period. The global elastomeric foam market is driven mainly by its increasing demamd from HVAC system. The growth in automotive production and increasing usage of thermal insulation in building & construction will drive the demand during the forecast period.
Armacell International S.A. (Luxembourg) is one of the leading players in the elastomeric foam market. The company has been focusing on both organic and inorganic strategies to maintain its leading position in the market. For example, in April 2018, the company acquired TB Concept Inc. (Canada), which is a manufacturer of patented pipe support solution. This acquisition is expected to strengthen the presence of Armacell in Canada and will help in strengthening its position in global market.
Lisolante K-Flex S.P.A (Italy) is another major player in the elastomeric foam market. In November 2018, the company expanded its manufacturing facility in Egypt. The new manufacturing facility will help the company to meet the growing demand in Europe and expand its footprint globally.
Request Report Sample at https://www.marketsandmarkets.com/requestsampleNew.asp?id=164243544
Accordig to function, thermal insulating segment is expected to be the largest contributor in the elastomeric foam market during the forecast period.
Based on function, the thermal insulation segment is likely to account for the largest share of the market in 2019. The growth in this segment is attributed to its increasing usage of thermal insulation from various end-use industry such as HVAC and heating & plumbing end-use industry owing to their extraordinary characteristics such as fire resistance and easy installation. These factors are expected to drive demand during the forecast period.
By type, the NBR segment is expected to be the largest contributor in the elastomeric foam market during the forecast period.
Based on type, the NBR segment is likely to account for the largest share of the market in 2019. The growth in this segment is attributed to its increasing usage in various end-use industry due to their extraordinary characteristics such as resistance to swelling by acids, excellent fire performance, good fuel resistance, and because of its moderate cost in comparison to other types of rubbers. These factors are expected to drive demand during the forecast period.
Speak to our Analyst at https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=164243544
Armacell International SA (Germany), Hira Industries (UAE), Zotefoams PLC (UK), L’Isolante K-Flex S.P.A (Italy), Kaimann Insulation (Germany), Huamei Energy-saving Technology Group Co., Ltd. (China), Jinan Retek Industries Inc. (China), Aeroflex USA, Inc. (US), NMC Insulation (Belgium), and Anavid Insulation Products Kiryat Anavim Ltd.(Israel), are the key players operating in the elastomeric foam market.
HVAC end-use industry accounts for the largest market size during the forecast period
The HVAC industry is increasing owing to increase in demand for energy savings in the modern infrastructure for heating, ventilation, and air conditioning is expected to drive the market for elastomeric foams in the HVAC end-use industry during the forecast period. Furthermore,the rising demand for HVAC in construction industry will also drive the demand.
Read More Insights At https://www.marketsandmarkets.com/PressReleases/elastomeric-foam.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Flexible elastomeric foam insulation for mechanical systems including: plumbing, refrigeration, HVAC and solar applications.
Elastomeric foam insulation was developed in the 1950s.
The popularity of elastomeric insulation grew quickly, primarily because it eliminated the need for any type of vapor barrier to prevent the transference of moisture.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/29301/global-flexible-elastomeric-foam-2019-2024-551The Asia-Pacific will take an increasing significant part in global flexible elastomeric foam market, due to the strong demand from China, India and Southeast Asian countries.Currently, Armacell, K-FLEX, NMC, Zotefoams and Kaimann are major manufacturers of this industry.
In 2017, the sales of Invista was 99.9 k tons, and the company held a share of 34%.
According to this study, over the next five years the Flexible Elastomeric Foam market will register a 3.0% CAGR in terms of revenue, the global market size will reach US$ 1920 million by 2024, from US$ 1660 million in 2019.
HVACPlumbingRefrigerationAutomotiveOil & GasOthersGet the Complete Report @ https://www.24chemicalresearch.com/reports/29301/global-flexible-elastomeric-foam-2019-2024-551 This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
The research report includes specific segments by region (country), by manufacturers, by Type and by Application.
Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/67741/global-rubber-based-elastomeric-foam-2021-421Segment by Type:NBR BasedEPDM BasedChloroprene BasedOthersSegment by Application:HVACPlumbingRefrigerationAutomotiveOil & GasOthersBy Company:ArmacellK-FLEXNMCZotefoamsKaimannAeroflexUnion FoamThermaflexDurkeeHuameiProduction by Region:North AmericaEuropeChinaJapanConsumption by Region:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGet the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/67741/global-rubber-based-elastomeric-foam-2021-421CONTACT US:North Main Road Koregaon Park, Pune, India - 411001.International: +1(646)-781-7170Asia: +91 9169162030Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/
Elastomeric Foam is characterized by fine closed cell structure thus achieving high moisture resistance and low thermal conductivity.
No rot, no decay, do not create possibilities for the development of microorganisms.Elastomeric Foam downstream is wide and recently Elastomeric Foam has acquired increasing significance in various fields of HVAC, Automotive, Electrical & Electronics, Construction and others.
Globally, the Elastomeric Foam market is mainly driven by growing demand for HVAC.
HVAC accounts for nearly 45.37% of total downstream consumption of Elastomeric Foam in global.Elastomeric Foam can be mainly divided into NBR Foam, EDPM Foam and Others which NBR Foam captures about 78.30% of Elastomeric Foam market in 2017.
According to our research and analysis, manufacturers from Europe are the major leaders in the international market of Elastomeric Foam.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-elastomeric-foam-2019-2024-344 Global market is expected to witness significant growth on account of rising applications, so in the next few years, Elastomeric Foam consumption will show a trend of steady growth.
On product prices, the slow downward trend in recent years will maintain in the future.
