Elastomeric Foam Market with Geographic Segmentation, Statistical Forecast and Competitive Analysis Report to 2023

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Elastomeric Foam Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Elastomeric Foam Market Research Report- Forecast
to 2023
Elastomeric Foam Market - Overview
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
typesnatural 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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Elastomeric Foam Market Research Report- Forecast
to 2023
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. View Complete TOC with
Tables and Figures at https//www.marketresearchf
uture.com/reports/elastomeric-foam-market-6374
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Elastomeric Foam Market Research Report- Forecast
to 2023
Regional Outlook
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 Research Report- Forecast
to 2023
Major Players in this Research

• Elastomeric Foam Market Prominent Players
• 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)
• Rogers Foam Corporation (US)

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