Elastomeric Foam Market Size, Share, Growth, Trends, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2023

Market Research Future Published a Half-Cooked Research Report on Elastomeric Foam Market Research Report - Forecast to 2023

Market Segmentation:

The Global Elastomeric Foam Market has been segmented by Type, Application and Region.

On the Basis of Type, the market has been divided into natural rubber and synthetic rubber, which includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), chloroprene, and others. The nitrile butadiene rubber segment accounted for the largest share of the Global Elastomeric Foam Market in 2017 and is expected to grow at a considerable CAGR during the review period. This market growth can be attributed to the increasing use of nitrile rubber in numerous applications such as HVAC, refrigerators, plastic pipes, gaskets, and sealing due to its superior properties such as high moisture resistance, low thermal conductivity, high elasticity, and resistance to grease. EPDM is the fastest-growing segment of the Global Elastomeric Foam Market; the increasing use of EPDM in solar installations and oil & gas applications due to its resistance to water and weather is expected to boost the growth of the EPDM segment during the forecast period.

Based on End-Use Industry, the market has been categorized as HVAC, automotive, electrical and electronics, and others. The HVAC segment accounted for the largest market share in 2017and is expected to register a significant growth rate during the review period. This growth is largely influenced by the increasing demand for HVAC systems, chillers, and duct systems in healthcare facilities, shopping complexes, supermarkets, and industrial applications, among others. Increasing automotive production is driving the demand for Elastomeric Foam in gaskets and sealings, which is expected to propel the growth of the market during the review period.

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Competitive Analysis

Some of the key players in the Global Elastomeric Foam are Armacell International SA (Luxembourg), Zotefoams PLC (UK), Grando (Belgium), L’isolante K-Flex SpA (Italy), Sekisui Plastics Co., Ltd (Japan), Kaimann GmbH (Germany), Jinan Retek Industries Inc (China), Hira Industries LLC (UAE), Huamei (China), NMC SA (Belgium), and Rogers Foam Corporation (US).

Regional Analysis

Based on Region, the Global Elastomeric Foam Market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in Asia-Pacific was the largest in 2017 due to the presence of a large number of end-use industries in developing nations such as India and China. The expanding construction industry as a result of rapid urbanization and industrialization is expected to propel the demand for Elastomeric Foam in the region.

North America is a prominent market for Elastomeric Foam owing to its increasing use in the automotive and aerospace industries. The European market for elastomeric foam is expected to grow as a result of rising demand in major end-use industries such as HVAC and automotive. The markets in Latin America and the Middle East & Africa are expected to exhibit considerable growth during the review period due to the expanding automotive and construction industries in the region.

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Elastomeric Foam Market Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2023

Elastomeric Foam is garnering colossal traction and prominence in the market. Increasing product demand from the automobile and aerospace industries is a dominant force driving the market growth. Similarly, the substantial growth that the HVAC sector is witnessing over the past couple of years due to the rising construction projects is, in turn, having a positive impact on the Global Elastomeric Foam Market.

According to a leading research firm - Market Research Future (MRFR), the Global Elastomeric Foam Market is expected to accrue exponentially by 2023. In its recently published research report, MRFR also asserts that the market would register a significant CAGR throughout the assessment period (2018 to 2023). The augmenting demand for lightweight materials in aircraft and automobiles to achieve high fuel efficiency is one of the key factors that support market growth.

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Additional factors substantiating the growth of the market include the growing population, urbanization, and industrialization, worldwide. On the flipside, factors such as the price instability of the raw materials impede the growth of the global elastomeric foam market. Nevertheless, increasing usages of these materials in the construction industry is expected to support market growth over the assessment period.

Global Elastomeric Foam Market - Competitive Landscape

Highly competitive, the Elastomeric Foam Market appears to be fragmented, characterized by the presence of some large and small players. Well-established players are focusing on optimized situational awareness of customers to ensure their mission success. These players seek market expansion incorporating strategies such as mergers & acquisitions, expansion, and product launch.

Substantial investments are made in R&D activities to develop the cost-competitive product portfolio. These strategies support the growth and expansion plans of the key players during the assessment period. Market players possess a strong sales and distribution network, which has helped them to gain a leadership position in the market.

Major Players:

Players leading the Global Elastomeric Foam Market are Hira Industries LLC (UAE), Armacell International SA (Luxembourg), Zotefoams PLC (UK), Huamei (China), L'isolante K-Flex SpA (Italy), Kaimann GmbH (Germany), NMC SA (Belgium), Jinan Retek Industries Inc. (China), Grando (Belgium), Rogers Foam Corporation (US), and Sekisui Plastics Co., Ltd (Japan), among others.

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Industry/ Innovation/ Related News

March 05, 2019 ---- Polytek Development Corp. (the US), a manufacturer of specialty polymers for mold making & casting applications, announced the acquisition of BCC Products, Inc. (the US), a manufacturer of world-class polyurethane elastomers and resins.

This acquisition fortifies Polytek's leadership position in industrial mold making and casting solutions and will allow the organization to further serve industries with demanding tooling and casting requirements.

Global Elastomeric Foam Market - Segments

The report is segmented the market into three key market dynamics to widen the scope of understanding,

By Type: Natural Rubber and Synthetic Rubber (Nitrile Butadiene Rubber, Ethylene Propylene Diene Monomer (EPDM), Chloroprene, others.)

By End-use Industry: HVAC, Automotive, Electrical, and Electronics, among others.

By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.

Global Elastomeric Foam Market - Geographical Analysis

The Asia Pacific region leads the Global Elastomeric Foam Market as a result of rapid industrialization in developing countries such as Japan, Korea, India, China, and Thailand. Besides, increasing residential and commercial construction as a result of urbanization leads to rising the demand for duct and HVAC systems, fuelling the growth of the Elastomeric Foam Market.

Additional factors such as increasing automobile production and the electronics industry are acting as a tailwind to the growth of the regional market. Also, the widespread use of these materials in the diverse end-use industries such as aerospace and lucrative investment policies backed by economic growth is providing impetus to the regional market growth.

The Elastomeric Foam Market in North America accounts for the second-largest market, globally. The presence of well-developed aerospace and automobile industries contributes substantially to the growth of the regional market. Moreover, increasing government spending on infrastructure development projects is positively affecting product demand.

The European Elastomeric Foam Market is expected to grow rapidly on account of the reviving automotive industry with the surge in demand for highly energy-efficient and lightweight vehicles to reduce carbon emissions.

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Elastomeric Foam Market Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2023

Global Elastomeric Foam Market Overview:

Elastomeric Foam is an insulating material made from rubber which has closed pores and uniform cell structure and possesses high vapor diffusion values. An Elastomeric Foam has several applications, especially in air conditioners, chilled water pipelines, refrigerators, and tube equipment and fittings. Elastomeric Foam provides great insulation and condensation control in HVAC systems while enabling energy efficiency simultaneously.

The Global Elastomeric Foam Market is likely to register a sizeable CAGR through the forecast period. Various factors attributable to the ascension of the Global Elastomeric Foam Market include the growing heat, ventilation, and air conditioning (HVAC) industry and rising awareness towards indoor air quality. Further, a vast scope of applications of the same in various products is likely to drive the demand, owing to the mounting demand for HVAC systems, and growing temperatures due to climate change. 

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Key Players:

The Global Elastomeric Foam Market is influenced dramatically by the activities and strategic actions of various players in the market. Some of these market giants are profiled in the latest report by MRFR including  Armacell International SA (Luxembourg), Hira Industries LLC (UAE), Zotefoams PLC (UK), L'isolante K-Flex SpA (Italy), Huamei (China), Kaimann GmbH (Germany), Jinan Retek Industries Inc. (China), NMC SA (Belgium), Grando (Belgium), Sekisui Plastics Co., Ltd (Japan), and Rogers Foam Corporation (US).

Industry Update:

May 2019: Icynene-Lapolla recently introduced Icynene X-Wall System, which is an all-in-one continuous insulation solution used for the exterior envelope which is designed to provide long term efficiency and enable weather resistance. The X-Wall liquid flashing uses an elastomeric, polyether liquid-applied flashing & detailing membrane.

Market Segmentation:

The Global Elastomeric Foam Market is analyzed for various segments based on Type, Application, and Region.

Based on Type, the Global Elastomeric is segmented into synthetic rubber and natural rubber. Among the two, the synthetic rubber segment is further sub-segmented into ethylene propylene diene monomer (EPDM), nitrile butadiene rubber, and chloroprene. Among these segments, the nitrile butadiene rubber segment dominated the global elastomeric foam market at the beginning of the forecast period and is expected to register a robust CAGR by 2023. This market growth can be accredited to the rising application of nitrile rubber in various products such as HVAC, refrigerators, gaskets, plastic pipes, and sealing due to its properties like high moisture resistance, low thermal conductivity, resistance to grease, and high elasticity. EPDM segment is expected to grow at the fastest rate owing to the increasing use of the same in solar installation and oil & gas applications because of its high resistance towards water and weather.

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Based on End-User Industry, the Elastomeric Foam Market is segmented into HVAC, automotive, and electrical & electronic. The HVAC segment is estimated to be at the forefront of the Global Elastomeric Foam Market, just like it did in the base year. Snowballing demand for HVAC systems, chillers, and duct systems in health facilities, shopping complexes, industrial applications, and supermarkets is the primary factor contributing to the augmentation of the segment over the assessment period. Further, noteworthy ascension witnessed by the automotive industry in terms of production is also likely to contribute heavily to the rising demand for Elastomeric Foam in gaskets and sealings.

Detailed Regional Analysis:

The Global Elastomeric Foam Market is segmented by region into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these regions, Asia Pacific garnered the largest share of the Global Elastomeric Foam Market in 2017. It is also expected to witness substantial growth owing to the rapid industrialization witnessed by the developing economies present in the region such as India, Thailand, and China. Further, increasing residential and commercial construction owing to fast-paced emergence of urbanization has prompted higher demand for HVAC systems and duct, in turn, driving the Regional Elastomeric Foam Market.

North America is anticipated to exhibit remarkable growth for Elastomeric Foam due to the rising construction spending in the region. Also, ascension observed in the automotive industry is likely to propel the volume of production of lightweight, electric, and hybrid vehicles. This is projected to augment the Global Elastomeric Foam Market during the conjecture period.

Europe is assessed to grow due to the augmentation of the automotive industry in the region. Moreover, with an upsurge witnessed in demand for high energy-efficient and lightweight vehicles to reduce carbon emissions is another factor driving the automotive industry in the region, and in turn, drive the regional market for Elastomeric Foam.

Latin America is expected to expand at a significant rate owing to the expanding automotive sector in Brazil and Mexico. The Middle East & Africa are likely to grow at a steady pace with rising investments in the construction sector and a considerable growth noted in demand for HVAC systems in the region.    

  

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Elastomeric Foam Market Global Industry Growth Analysis, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast to 2023

The Global Elastomeric Foam Market is the subject for the latest research report from Market Research Future (MRFR). The Global Elastomeric Foam Market is studied in the report with regard to the major drivers and restraints affecting the market’s movement, the major segments holding a dominant share in the market, and the leading players operating in the Global Elastomeric Foam Market.

Elastomeric foam is a rubber-based insulator with closed pores and a uniform cell structure. The use of Elastomeric Foam is rife in insulation applications in the HVAC, automotive, and electronics industries, among others. The growing demand for HVAC devices in emerging regions is likely to be a major driver for the Global Elastomeric Foam Market over the forecast period. The demand for HVAC devices has been driven by the growing demand for air conditioning equipment in residential and commercial establishments in developing regions. As air conditioning is not a widely occurring phenomenon in emerging regions such as the Middle East, Asia Pacific, and Latin America, the demand for HVAC equipment is growing rapidly in these regions. This is likely to be a major driver for the Elastomeric Foam Market over the forecast period.

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The rapid development of modern shopping channels such as super/hypermarkets in these emerging regions is also likely to be a major driver for the Global Elastomeric Foam Market over the forecast period.

The growing automotive industry in emerging regions is also likely to play a key role in the development of the Elastomeric Foam Market over the forecast period. Elastomeric Foam is used in a number of applications in the automotive industry to achieve solid thermal and electrical insulation, which is likely to drive its demand over the forecast period. The growing demand for premium automobiles from the newly minted populace in the developing regions of the world is likely to drive the Global Elastomeric Foam Market at a handsome pace over the forecast period.

Competitive Analysis:

Leading players in the Global Elastomeric Foam Market include Armacell International SA, Zotefoams PLC, Huamei, Jinan Retek Industries Inc., Grando, Rogers Foam Corporation, Sekisui Plastics Co. Ltd., NMC SA, Kaimann GmbH, L’isolante K-Flex SpA, and Hira Industries LLC.

Acquisitions, especially pertaining to companies in emerging regions, are likely to remain a favored strategy for players looking to increase their global presence. For instance, in May 2018, Armacell International SA, acquired Guangdong De Xu Insulation Materials Co. Ltd. The latter is a leading Elastomeric Foam producer in China and is likely to enhance Armacell’s prospects in the highly lucrative Asia Pacific market over the forecast period and beyond.

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Segmentation:

The Global Elastomeric Foam Market has been segmented by Type, Application and Region.

On the Basis of Type, the market has been segmented into natural rubber and synthetic rubber, which includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), chloroprene, and others. Nitrile butadiene rubber held the dominant share in the Global Elastomeric Foam Market in 2017 and is likely to remain the leading product segment of the market over the forecast period due to its widespread use in HVAC equipment and automotive design.

Based on End-Use Industry, the Elastomeric Foam Market has been segmented into HVAC, automotive, electrical and electronics, and others. The HVAC industry accounted for the largest share of 45% in the Global Elastomeric Foam Market in 2017 and is likely to remain the dominant end user of Elastomeric Foam products over the forecast period due to the growing demand for HVAC equipment in residential as well as commercial establishments in developing countries.

Regional Analysis:

Asia Pacific holds the major share in the Global Elastomeric Foam Market and is likely to remain the leading revenue generator over the forecast period due to the growing scope of the automotive and construction industries in the region, which has driven the need for Elastomeric Foam in insulation as well as HVAC applications. The growing disposable income of consumers in urban centers in Asia Pacific is likely to result in a growing demand for residential HVAC units, which is likely to drive the demand from the Elastomeric Foam Market in Asia Pacific over the forecast period.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Elastomeric Foam Market 2019 Industry, Analysis, Share, Growth, Trends, Supply Forecast to 2023

Market Segmentation:

The Global Elastomeric Foam Market has been segmented by Type, Application and Region.

On the Basis of Type, the market has been divided into natural rubber and synthetic rubber, which includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), chloroprene, and others. The nitrile butadiene rubber segment accounted for the largest share of the Global Elastomeric Foam Market in 2017 and is expected to grow at a considerable CAGR during the review period. This market growth can be attributed to the increasing use of nitrile rubber in numerous applications such as HVAC, refrigerators, plastic pipes, gaskets, and sealing due to its superior properties such as high moisture resistance, low thermal conductivity, high elasticity, and resistance to grease. EPDM is the fastest-growing segment of the Global Elastomeric Foam Market; the increasing use of EPDM in solar installations and oil & gas applications due to its resistance to water and weather is expected to boost the growth of the EPDM segment during the forecast period.

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Based on End-Use Industry, the market has been categorized as HVAC, automotive, electrical and electronics, and others. The HVAC segment accounted for the largest market share in 2017and is expected to register a significant growth rate during the review period. This growth is largely influenced by the increasing demand for HVAC systems, chillers, and duct systems in healthcare facilities, shopping complexes, supermarkets, and industrial applications, among others. Increasing automotive production is driving the demand for Elastomeric Foam in gaskets and sealings, which is expected to propel the growth of the market during the review period.

Competitive Analysis:

Some of the key players in the Global Elastomeric Foam are Armacell International SA (Luxembourg), Zotefoams PLC (UK), Grando (Belgium), L’isolante K-Flex SpA (Italy), Sekisui Plastics Co., Ltd (Japan), Kaimann GmbH (Germany), Jinan Retek Industries Inc (China), Hira Industries LLC (UAE), Huamei (China), NMC SA (Belgium), and Rogers Foam Corporation (US).

Regional Analysis:

Based on Region, the Global Elastomeric Foam Market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in Asia-Pacific was the largest in 2017 due to the presence of a large number of end-use industries in developing nations such as India and China. The expanding construction industry as a result of rapid urbanization and industrialization is expected to propel the demand for Elastomeric Foam in the region.

North America is a prominent market for Elastomeric Foam owing to its increasing use in the automotive and aerospace industries. The European market for Elastomeric Foam is expected to grow as a result of rising demand in major end-use industries such as HVAC and automotive. The markets in Latin America and the Middle East & Africa are expected to exhibit considerable growth during the review period due to the expanding automotive and construction industries in the region.

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Elastomeric Foam Market 2019 | Precise Study on Factors, Drivers and Key Players Strategies Analyzed Till 2023

Elastomeric Foam is a rubber-based insulating material with closed pores and uniform cell structure and possesses high vapor diffusion values. It is used in various applications such as air conditioners, refrigerators, chilled water pipelines, and tube equipment and fittings as it provides excellent insulation and condensation control in HVAC systems while reducing energy consumption. Elastomeric Foam is available in two types—natural rubber and synthetic rubber; the latter includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), and chloroprene. Nitrile butadiene rubber elastomeric foam is used widely due to its superior properties such as high moisture resistance, thermal efficiency, chemical resistance, elasticity, and flexibility.

The growth of the Elastomeric Foam Market is driven by the growing heating, ventilation, and air conditioning (HVAC) industry with the rising installation of HVAC systems in residential and commercial buildings such as healthcare facilities, shopping complexes, warehouses, and supermarkets. The increasing use of elastomeric foam in chillers, refrigerators, duct systems, and plastic pipes such as refrigeration piping and hot- and cold-water pipes is likely to drive the growth of the elastomeric foam market. Additionally, rising awareness about indoor air quality is likely to increase the demand for Elastomeric Foam with antimicrobial additives in air conditioners and HVAC systems.

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The consumption of Elastomeric Foam is increasing in automobile parts such as gaskets, sealing, and under hood applications as it provides good thermal insulation and corrosion control. The growing automotive industry with the rising production of lightweight, electric, and hybrid vehicles is likely to drive the demand for Elastomeric Foam. Also, due to its good electrical insulation properties, the use of elastomeric foam is increasing in the electrical and electronics industry, which is likely to propel market growth during the forecast period.

Some of the key growth strategies adopted by market players include new product developments, expansions, and acquisitions. For instance, in May 2018, Armacell International SA, acquired Guangdong De Xu Insulation Materials Co. Ltd, a manufacturer of elastomeric foam, to expand its product portfolio and strengthen its presence in Asia-Pacific.

Segmentation:

The Global Elastomeric Foam Market has been segmented by Type, Application and Region.

On the basis of Type, the market has been segmented into natural rubber and synthetic rubber, which includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), chloroprene, and others.

Based on End-Use Industry, the market has been divided into HVAC, automotive, electrical and electronics, and others.

By Region, the market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Key Players:

Some of the key players in the Global Elastomeric Foam are Armacell International SA (Luxembourg), Hira Industries LLC (UAE), Zotefoams PLC (UK), L’isolante K-Flex SpA (Italy), Huamei (China), Kaimann GmbH (Germany), Jinan Retek Industries Inc. (China), NMC SA (Belgium), Grando (Belgium), Sekisui Plastics Co., Ltd (Japan), and Rogers Foam Corporation (US).

Intended Audience

Elastomeric Foam Manufacturers

Traders and Distributors of Elastomeric Foam

Research and Development Institutes

Potential Investors

Raw Material Suppliers

Nationalized Laboratories

Regional Analysis:

Asia-Pacific accounted for the largest share of the Global Elastomeric Foam Market in 2017 as a result of industrialization in developing economies such as India, China, and Thailand. Increasing residential and commercial construction as a result of urbanization has led to a rising demand for duct and HVAC systems, which is likely to fuel the demand for Elastomeric Foam.

North America is another prominent market for Elastomeric Foam owing to the increasing construction spending in the region. Additionally, the expanding automotive industry with the increase in production of lightweight, electric, and hybrid vehicles is likely to drive market growth during the review period.

The European market is expected to grow on account of the reviving automotive industry with the surge in demand for high energy-efficient and lightweight vehicles to reduce carbon emissions.

The Latin American market is expected to grow at a significant rate during the review period with the expanding automotive industry in Brazil and Mexico. The market in the Middle East & Africa is likely to exhibit considerable growth in the coming years with increasing investments in the construction sector and an expanding HVAC market in the region.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Elastomeric Foam Market Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2023

Market Segmentation:

The Global Elastomeric Foam Market has been segmented by Type, Application and Region.

On the basis of Type, the market has been divided into natural rubber and synthetic rubber, which includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), chloroprene, and others. The nitrile butadiene rubber segment accounted for the largest share of the Global Elastomeric Foam Market in 2017 and is expected to grow at a considerable CAGR during the review period. This market growth can be attributed to the increasing use of nitrile rubber in numerous applications such as HVAC, refrigerators, plastic pipes, gaskets, and sealing due to its superior properties such as high moisture resistance, low thermal conductivity, high elasticity, and resistance to grease. EPDM is the fastest-growing segment of the Global Elastomeric Foam Market; the increasing use of EPDM in solar installations and oil & gas applications due to its resistance to water and weather is expected to boost the growth of the EPDM segment during the forecast period.

Based on End-Use Industry, the market has been categorized as HVAC, automotive, electrical and electronics, and others. The HVAC segment accounted for the largest market share in 2017and is expected to register a significant growth rate during the review period. This growth is largely influenced by the increasing demand for HVAC systems, chillers, and duct systems in healthcare facilities, shopping complexes, supermarkets, and industrial applications, among others. Increasing automotive production is driving the demand for Elastomeric Foam in gaskets and sealings, which is expected to propel the growth of the market during the review period.

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Competitive Analysis:

Some of the key players in the Global Elastomeric Foam are Armacell International SA (Luxembourg), Zotefoams PLC (UK), Grando (Belgium), L'isolante K-Flex SpA (Italy), Sekisui Plastics Co., Ltd (Japan), Kaimann GmbH (Germany), Jinan Retek Industries Inc (China), Hira Industries LLC (UAE), Huamei (China), NMC SA (Belgium), and Rogers Foam Corporation (US).

Regional Analysis:

Based on Region, the Global Elastomeric Foam Market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in Asia-Pacific was the largest in 2017 due to the presence of a large number of end-use industries in developing nations such as India and China. The expanding construction industry as a result of rapid urbanization and industrialization is expected to propel the demand for Elastomeric Foam in the region.

North America is a prominent market for Elastomeric Foam owing to its increasing use in the automotive and aerospace industries. The European market for Elastomeric Foam is expected to grow as a result of rising demand in major end-use industries such as HVAC and automotive. The markets in Latin America and the Middle East & Africa are expected to exhibit considerable growth during the review period due to the expanding automotive and construction industries in the region.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Elastomeric Foam Market 2019 Trends, Industry Analysis, Outlook and Global Forecasts 2023

Market Segmentation:

The Global Elastomeric Foam Market has been segmented by Type, Application and Region.

On the Basis of Type, the market has been divided into natural rubber and synthetic rubber, which includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), chloroprene, and others. The nitrile butadiene rubber segment accounted for the largest share of the Global Elastomeric Foam Market in 2017 and is expected to grow at a considerable CAGR during the review period. This market growth can be attributed to the increasing use of nitrile rubber in numerous applications such as HVAC, refrigerators, plastic pipes, gaskets, and sealing due to its superior properties such as high moisture resistance, low thermal conductivity, high elasticity, and resistance to grease. EPDM is the fastest-growing segment of the Global Elastomeric Foam Market; the increasing use of EPDM in solar installations and oil & gas applications due to its resistance to water and weather is expected to boost the growth of the EPDM segment during the forecast period.

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Based on End-Use Industry, the market has been categorized as HVAC, automotive, electrical and electronics, and others. The HVAC segment accounted for the largest market share in 2017and is expected to register a significant growth rate during the review period. This growth is largely influenced by the increasing demand for HVAC systems, chillers, and duct systems in healthcare facilities, shopping complexes, supermarkets, and industrial applications, among others. Increasing automotive production is driving the demand for Elastomeric Foam in gaskets and sealings, which is expected to propel the growth of the market during the review period.

Competitive Analysis:

Some of the key players in the Global Elastomeric Foam are Armacell International SA (Luxembourg), Zotefoams PLC (UK), Grando (Belgium), L’isolante K-Flex SpA (Italy), Sekisui Plastics Co., Ltd (Japan), Kaimann GmbH (Germany), Jinan Retek Industries Inc (China), Hira Industries LLC (UAE), Huamei (China), NMC SA (Belgium), and Rogers Foam Corporation (US).

Regional Analysis:

Based on Region, the Global Elastomeric Foam Market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in Asia-Pacific was the largest in 2017 due to the presence of a large number of end-use industries in developing nations such as India and China. The expanding construction industry as a result of rapid urbanization and industrialization is expected to propel the demand for Elastomeric Foam in the region.

North America is a prominent market for Elastomeric Foam owing to its increasing use in the automotive and aerospace industries. The European market for elastomeric foam is expected to grow as a result of rising demand in major end-use industries such as HVAC and automotive. The markets in Latin America and the Middle East & Africa are expected to exhibit considerable growth during the review period due to the expanding automotive and construction industries in the region.

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