Elastomeric Foam Market Emerging Trends | Armacell, Hira Industries, Zotefoams, L'ISOLANTE K-FLEX, Kaimann, Huamei Energy-saving Technology Group, Aeroflex USA

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The Global Elastomeric Foam Market is estimated at US$ 1.28 Billion in 2018 and is projected to reach US$ 1.75 Billion by 2023, at a CAGR of 6.5% between 2018 and 2023. The market is witnessing growth due to the excellent properties of elastomeric foam that make it suitable for use as an insulation material.

The factors such as the increasing use of elastomeric foam in various applications in the industries such as automotive, healthcare, electrical & electronics, and others that include consumer goods and industrial goods and many favorable initiatives encouraging energy efficiency undertaken by the governments in many countries offer lucrative opportunities for the growth of the elastomeric foam market.

“APAC: The fastest-growing market for elastomeric foam, by region.”
The APAC region is projected to be the fastest-growing market for elastomeric foam during the forecast period. The growth of the elastomeric foam market in this region is growing due to the rapid growth of the building & construction industry, thereby, requiring the installation of new HVAC systems, which in turn, drives the demand of elastomeric foam in APAC.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into three categories, namely, by company, by designation, and by region.
• By Company Type: Tier 1- 50%, Tier 2- 33%, and Tier 3-17%
• By Designation: C Level- 17%, Director Level- 33%, and Others- 50%
• By Region: North America - 25%, APAC - 38%, Europe- 25%, and Middle East & Africa – 12%

The Study Objectives of this report are:

• To estimate and forecast the market size on the basis of five regions, namely, Europe, Asia Pacific (APAC), North America, the Middle East & Africa, and South America

• To analyze and forecast the elastomeric foam market, in terms of value and volume

• To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market

• To analyze and forecast the size of the market on the basis of type and end-use industry

• To estimate and forecast the elastomeric foam market at the country-level in each of the regions

• To analyze the market opportunities and competitive landscape of the market leaders and stakeholders

• To analyze the competitive developments such as new product launches, expansions, acquisitions, and joint ventures and agreements in the elastomeric foam market

• To strategically identify and profile the key market players and analyze their core competencies

Top Key Players in the “Elastomeric Foam Tapes Market” include are Armacell (Germany), Hira Industries (UAE), Zotefoams (UK), L'ISOLANTE K-FLEX. (Italy), Kaimann (Germany), Huamei Energy-saving Technology Group (China), Jinan Retek Industries (China), Aeroflex USA, (US), NMC SA (Belgium), and Anavid (Israel).

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Target Audience for Elastomeric Foam Market:
• Natural and Synthetic Rubber Suppliers
• Regional Manufacturers’ Associations
• Government and Regional Agencies and Research Organizations
• Traders, Distributors, and Suppliers of Elastomeric foam Products

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