Elastomeric Foam Market Is Thriving Worldwide | Global Major Manufacturers, Production and Sales Market Comparison

A fresh report titled “Elastomeric Foam Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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The Elastomeric Foam Market size is expected to grow from US$ 2.6 Billion in 2019 to US$ 3.6 Billion by 2024, at a CAGR of 6.7% during the forecast period. This report spread across 143 pages, profiling 10 companies and supported with 133 tables and 40 figures is now available in this research.

Top Companies profiled in the Elastomeric Foam Market:
• 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)
• Anavid Insulation Products KiryatAnavim Ltd.(Israel)

“Thermal insulating segment to drive the global market during the forecast perio.”
Based on function, the thermal insulation segment is projected 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 industry owing to their extraordinary characteristics such as fire resistance and easy installation.

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“NBR segment to drive the global market during the forecast period”
The elastomeric foam market has been segmented based on types into NBR, EPDM, CR and others. Among these types, the NBR segment accounted for the largest share of the market and is likely to witness significant growth over the forecast period. The growth in this segment is attributed to its increasing usage in various end-use industry due to its excellent properties such as resistance to swelling by acids, excellent fire performance, and good fuel resistance and because of its low cost in comparison to other types such as EPDM. These factors are expected to drive demand during the forecast period.

“HVAC segment expected to hold the largest market share during the forecast period”
HVAC segment is growing rapidly owing to the rising demand form automotive and construction on account of its ability of savings energy in the modern infrastructure for heating, ventilation, and air conditioning. These factors are expected to drive the demand for polyurethane in paints & coatings application.

Study Objectives:
• To define, describe, and forecast elastomeric foam market size, in terms of volume and value

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

• To analyze and forecast the elastomeric foam market size based on function, end-use industry, type, and region

• To forecast the market size with respect to key regions, namely, North America, Asia Pacific (APAC), Western Europe, Eastern Europe, Middle East & Africa, and South America

• To strategically analyze the market with respect to individual growth trends, prospects, and their contribution to the overall market

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Competitive Landscape of Elastomeric Foam Market:
1 Introduction
2 Market Ranking of Key Players
3 Competitive Scenario
3.1 Expansion
3.2 Acquisition
3.3 New Product Launch
3.4 Agreement

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This release was published on openPR.