Press release
Elastomeric Foam Market Size, Share, Global Trends, Industry Analysis, Growth and Forecast 2028
Elastomeric Foam Market
Elastomeric foam is extensively used for a varied range of applications in several industries, such as HVAC, automotive, electrical and electronics, and healthcare. Elastomeric foam boasts high viscosity, elasticity, etc., and is widely used as insulation material in HVAC systems. Growing urbanization and industrialization in several emerging countries, such as China, Japan, and India, is likely to further boost the elastomeric foam market demand in the upcoming years.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ@https://www.zionmarketresearch.com/sample/elastomeric-foam-market
The elastomeric foam market is likely to grow at a high rate in the forecast time period, owing to the increasing demand for elastomeric foam from the healthcare industry for elastomeric foam insulation. Moreover, the growing awareness among people for saving energy is further expected to boost the elastomeric foam market globally. But, the lower penetration in underdeveloped countries, such as Ethiopia and Afghanistan, might hamper the market growth in the future. However, the growing electronics and automotive industries across the globe are anticipated to provide new growth opportunities in the elastomeric foam market during the estimated timeframe.
The elastomeric foam market is segmented based on the type and end-user industry. By type, the market for elastomeric foam comprises natural rubber or latex and synthetic rubber. The synthetic rubber type is sub-segmented into nitrile butadiene rubber (NBR), ethylene propylene diamine monomer EPDM, and chloroprene (CR), and others. In 2017, nitrile butadiene rubber accounted for the largest market share, owing to its high elasticity, high moisture resistance, low thermal conductivity, and grease resistance.
This resulted in the product being widely used in refrigerators, HVAC, gaskets, sealing, and plastic pipes. Moreover, the ethylene-propylene-diamine monomer is likely to be the fastest growing segment, due to the increase in the demand for ethylene propylene diamine monomer in oil and gas and solar installations applications. By end-user industry, the elastomeric foam market is segmented into HVAC, electrical and electronics, automotive, healthcare, and others. Increasing usage of elastomeric foam, especially in HVAC systems, is further anticipated to contribute substantially toward the market share over the estimated timeframe. Besides, the growing automotive industry is increasingly using gaskets and sealing, which will positively affect the market growth as the elastomeric foam is widely used for the insulation and sealing process.
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The Asia Pacific emerged as the leading region for this market followed by Europe and North America in 2017. The growing end-use industries in the developing countries of Asia Pacific are expected to continue their dominance in terms of volume in the upcoming years as well. North America is likely to grow at the fastest rate, owing to the increasing demand for elastomeric foam from the aerospace and automotive industries. The growing HVAC and automotive industries in European countries are projected to fuel the elastomeric foam market in the near future. Latin America is likely to hold enormous potential for elastomeric foam market in the future. The Middle East and Africa region are predicted to show a slow growth rate in the forecast time period.
The global elastomeric foam market consists of a large number of players and is highly fragmented. These players predominantly focus on introducing novel products and material offerings. Companies involved in the production of elastomeric foam are Zotefoams plc, Hira Industries, Kaimann, L'ISOLANTE K-FLEX, Jinan Retek Industries, Huamei Energy-saving Technology Group, NMC SA, Anavid Insulation Products, Aeroflex USA, and Armacell, among others.
๐๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ข๐ ๐๐จ๐๐ฆ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ฌ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ฌ:
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ข๐ ๐ ๐จ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฒ๐ฉ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
Natural Rubber/Latex
Synthetic Rubber
Nitrile Butadiene Rubber (NBR)
Ethylene Propylene Diamine Monomer (EPDM)
Chloroprene (CR)
Others
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ@https://www.zionmarketresearch.com/inquiry/elastomeric-foam-market
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฅ๐๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ข๐ ๐ ๐จ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ: ๐๐ง๐-๐๐ฌ๐๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
HVAC
Automotive
Electrical and Electronics
Healthcare
Others
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