DUBLIN, Oct. 4, 2019 /PRNewswire/ -- The "Elastomeric Foam Market by Function (Thermal Insulation, and Acoustic Insulation) Type (NBR, and EPDM), End-Use Industry (HVAC, Refrigeration, Heating & Plumbing, and Transportation), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The Elastomeric Foam Market Size is Expected to Grow from USD 2.6 Billion in 2019 to USD 3.6 Billion by 2024, at a CAGR of 6.7%.
The elastomeric foam market is driven by various factors, such as increasing demand from HVAC system, heating & plumbing, and transportation industries. The growth of these industries is anticipated to further propel the growth of the market over the forecast period. However, lack of awareness about the benefits of thermal insulation are likely to hinder the growth of the market.
Thermal insulating segment to drive the global market during the forecast period.
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 industries such as HVAC and heating & plumbing industry owing to their extraordinary characteristics such as fire resistance and easy installation.
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 saving 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.
APAC is expected to record the highest growth rate during the forecast period
APAC is expected to have the highest growth rate during the forecast period, due to the increasing usage of elastomeric foam in various end-user industries such as HVAC, heating & plumbing, refrigeration, and transportation. China, India, Japan, and South Korea provide enormous opportunities for the elastomeric foam market due to the presence of a large manufacturing sector and growing construction industry. On the other hand, North America is projected to hold the second-largest market size during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
22.214.171.124 Superior Properties of Elastomeric Foam
126.96.36.199 Increasing Demand for HVAC Systems
188.8.131.52 Rising Health Concern Leading to Higher Preference for Acoustic Control
184.108.40.206 Growth of Cold Chain Infrastructure
220.127.116.11 Lack of Awareness About the Benefits of Insulation
18.104.22.168 Stringent Government Regulations Encouraging Energy Efficiency
22.214.171.124 Difficulty in the Disposal of Elastomeric Foams
126.96.36.199 Price Volatility
5.2 Porter's Five Forces Analysis
5.3 Macroeconomic Overview
6 Elastomeric Foam Market, By Function
6.2 Thermal Insulation
6.2.1 Environmental Friendly Property to Drive the Demand for Elastomeric Foam in This Segment
6.3 Acoustic Insulation
6.3.1 Increased Demand for Acoustic Insulation in the Construction Industry is Expected to Boost the Market Growth
7 Elastomeric Foam Market, By Type
7.2.1 Excellent Mechanical Property is Increasing the Demand for NBR From End-Use Industries
7.3.1 EPDM Elastomeric Foam has High Demand for AcousticInsulation and as A Noise Barrier
8 Elastomeric Foam Market, By End-Use Industry
8.2.1 High Demand for Insulation is Expected to Drive the Market for Elastomeric Foam
8.3 Heating & Plumbing
8.3.1 Prevention of Condensation and Energy Loss are Driving the Demand for Elastomeric Foam in This Segment
8.4.1 Excellent Physical Property is Spurring the Demand for Elastomeric Foam
8.5.1 High Demand for Elastomeric Foam is Witnessed in Gasketing Application
9 Elastomeric Foam Market, By Region
10 Competitive Landscape
10.2 Market Ranking of Key Players
10.3 Competitive Scenario
10.3.3 New Product Launch
11 Company Profiles
11.1 Armacell International S.A.
11.2 L'isolante K-Flex S.P.A.
11.3 Huamei Energy-Saving Technology Group Co., Ltd
11.5 Kaimann GmbH
11.6 Zotefoams PLC
11.7 Hira Industries
11.8 Jinan Retex Industries Inc
11.9 NMC SA
11.10 Anavid Insulation Products Kiryat Anavim Ltd.
11.11 Other Players
11.11.1 Roka Yalitim
11.11.2 Rubberlite, Inc.
11.11.3 Roger Foam Corporation
11.11.4 Rogers Corporation
11.11.5 ODE Insulation
11.11.6 Kingwell World Industries, Inc
11.11.7 Era Polymers
11.11.8 Merryweather Foam, Inc.
11.11.10 Sekisui Plastics Co. Ltd
11.11.11 China Ining Industrial Group Co., Ltd
11.11.12 Supreme Industries
11.11.13 Insulflex Corporation
11.11.14 Isidem Yalitim
11.11.15 Evocell S.R.L
For more information about this report visit https://www.researchandmarkets.com/r/xxyh5w
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