Elastomeric Foam Market: Introduction
Elastomeric foam has been used for insulation purposes since the 1950s. It is the largest type of insulating foam used in the market. It is primarily used in Heating, Ventilation & Air Conditioning (HVAC), plumbing, and refrigeration systems in order to provide a barrier to the entry of moisture and vapor into the systems. Elastomeric foams are used as a replacement for natural insulating materials, such as cork. Their manufacturing does not involve chlorofluorocarbons (CFCs), hydro chlorofluorocarbons (HCFCs), or hydro fluorocarbons (HFCs). This makes them suitable for use even in tough environments. They also contain a very low amount of volatile organic compounds (VOC) and are, therefore, environmentally safe. Advances in manufacturing process have made it possible to fabricate elastomeric foams that are suitable for demanding applications that require superior properties.
Elastomeric Foam Market: Overview
On the basis of type, the global elastomeric foam market can be segmented into natural rubber/ latex and synthetic rubber. The synthetic rubber segment can be sub-segmented into Nitrile-Butadiene Rubber (NBR), Ethylene-Propylene Diamine Monomer (EPDM), and Chloroprene Rubber (CR). The synthetic rubber segment is estimated to be grow rapidly led by the rise in demand for NBR. NBR is an economical alternative to other synthetic rubbers and has better properties compared to them. In terms of application, the global elastomeric foam market can be divided into Heating, Ventilation & Air Conditioning (HVAC) systems, automotive, electrical & electronics, and others. HVAC systems is estimated to grow at a significant pace during the forecast period.
Elastomeric Foam Market: Market Trends & Developments
The elastomeric foam market is growing at a healthy pace on account of better insulation properties possessed by elastomeric foams and also due to the general growth in the application segments of this product. The use of elastomeric foam is on a rise in HVAC systems. This can be ascribed to the growth in population and strict regulations making it necessary for HVAC systems to be energy efficient. Government policies across the globe are becoming quiet stringent regarding energy efficiency. This is, therefore, expected to prove as an opportunity for the growth of elastomeric foam market during the forecast period. Relatively high cost of elastomeric foams as compared to other insulation methods and lack of awareness regarding the advantages they offer over conventional materials are restraining the growth of the elastomeric foam market.
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Elastomeric Foam Market: Regional Outlook
The global elastomeric foam market, on the basis of region, can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the leading market for elastomeric foam in the world and is estimated to grow at a rapid pace during the forecast period. North America and Europe are the second and third dominant elastomeric foam markets, respectively, and are anticipated to grow at a slow pace during the forecast period. Latin America and Middle East & Africa are anticipated to be lucrative elastomeric foam markets during the forecast period and are likely to witness rapid increase in demand for elastomeric foam market.
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Elastomeric Foam Market: Key Players
Key players operating in the elastomeric foam market are Armacell (Germany), Hira Industries (the UAE), Zotefoams (the U.K.), L'ISOLANTE K-FLEX (Italy), Kaimann (Germany), Jinan Retek Industries (China), Aeroflex USA (the U.S.), NMC SA (Belgium), and Anavid (Israel).
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Mar 15, 2021: The global Polymer Foam Market size is estimated to reach USD 144.46 billion by 2025 and is anticipated to grow with a CAGR of 4.0% during the forecast period.
However, the fluctuations in raw material costs may restrain the overall market growth in the years to come.
Polymer foam industry is segmented based on type, application, and region.Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/polymer-foam-market/request-sampleThe polymer foam market is segmented by type comprising Melamine foam, polyurethane (PU) foam, polyolefin foam, polystyrene foam, phenolic foam, polyvinyl chloride (PVC) foam.
Polyurethane (PU) foam sector accounted for the substantial market share of polymer foam and estimated to lead the overall market in the years to come.
Also, automotive and packaging sector is estimated to grow at the faster pace in the years to come.Access This Full Report @ https://www.millioninsights.com/industry-reports/polymer-foam-marketGlobally, Asia Pacific accounted for the substantial market share of polymer foam and is estimated to lead the overall market in the years to come.
The reason behind the overall market growth could be the developments in automotive and building & construction industry, the rising focus on research and development sector, government initiatives, and expansion of packaging and automobile industries in developing countries.
The global Polymer Foam Market size is estimated to reach USD 144.46 billion by 2025 and is anticipated to grow with a CAGR of 4.0% during the forecast period.
However, the fluctuations in raw material costs may restrain the overall market growth in the years to come.
Polymer foam industry is segmented based on type, application, and region.Request a Free Sample Copy of Polymer Foam Market Report @ https://www.millioninsights.com/industry-reports/polymer-foam-market/request-sampleThe polymer foam market is segmented by type comprising Melamine foam, polyurethane (PU) foam, polyolefin foam, polystyrene foam, phenolic foam, polyvinyl chloride (PVC) foam.
Polyurethane (PU) foam sector accounted for the substantial market share of polymer foam and estimated to lead the overall market in the years to come.
The reason behind the overall market growth could be the developments in automotive and building & construction industry, the rising focus on research and development sector, government initiatives, and expansion of packaging and automobile industries in developing countries.
The developing countries like India and China are the major consumers of polymer foam in this region.The key players of polymer foam industry are Recticel Group, BASF SE, Armacell International S.A., Woodbridge Foam Corporation, Zotefoams PL, JSP Corporation, Sealed Air Corporation, and Borealis AG.
Custom molded rubber products find their use in different applications in day to day life and industries.
There are different products that are used for industrial purposes to make tasks easier.
According to the latest report by IMARC Group “Biochar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global biochar market exhibited strong growth during 2015-2020.
Biochar is a carbon-rich product that is obtained by burning organic materials, including wood, leaves or animal manure, at a controlled temperature in an environment with limited oxygen availability.
It is a fine-grained material that is considered to be a cleaner and more efficient alternative to other types of charcoal for converting carbon into a stable form.
It is widely utilized across the agricultural sector for enhancing agricultural productivity and minimizing the atmospheric greenhouse effect.Request for a free sample copy of this report: https://www.imarcgroup.com/biochar-market/requestsampleNote: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
Biochar is increasingly used in the sector to enhance soil quality and crop yield by improving the water quality and quantity as well as soil retention of nutrients and agrochemicals.
With the inflating disposable income levels of the masses and an enhanced focus on sustainable development, there has been a considerable rise in sales of organic fruits and vegetables, thereby providing an impetus to the market growth.
