Global Elastomeric Foam Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global elastomeric foam market in its upcoming report titled, “Global Elastomeric Foam Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global elastomeric foam market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global elastomeric foam market report has been segmented on the type, end use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Elastomeric rubber foam materials have a high vapor diffusion value, providing a good insulation and condensation control on the installation. Availability of elastomeric foam in wide shapes and thicknesses, thereby can be easily manipulated to fit snugly around all kinds of equipments, from residential piping to large commercial chillers.
Increasing demand for elastomeric foam in various end use industries, owing to the various advantages associated with the same is major factor expected to drive growth of the global elastomeric foam market over the forecast period. Rapidly growing end use industries which includes automotive, electrical & electronics is another major factor expected to boost growth of the global elastomeric foam market over the forecast period. According to Organisation Internationale des Constructeurs d'Automobiles (OICA), production of light commercial vehicles in Europe was 2,403,135 in 2015, which was increased to 2,476,075 in 2016.
However, lack of awareness regarding benefits provided by elastomeric foam insulation, is expected to hamper growth of global elastomeric foam market over the forecast period.
Asia Pacific market dominates the global elastomeric foam market in terms of revenue contribution as compared to that of markets in other regions. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. Rapidly growing aerospace & defense and automotive sectors especially in China and India, is a major factor expected to support growth of the market in the region over the forecast period. North America accounts for second-largest revenue share contribution to the global elastomeric foam market, registering a share of XX.X%, followed by markets in the Europe, Latin America, and the Middle East & Africa respectively.
Target audience for the global elastomeric foam market includes elastomeric foam manufacturers, suppliers and distributors of elastomeric foam products, government and research organizations, industrial and association bodies, various end use industries etc.
Global Elastomeric Foam Market Segmentation:
Global elastomeric foam market segmentation, by type:
- Natural Rubber/Latex
- Synthetic Rubber
Global elastomeric foam market segmentation, by end use industry:
- Electrical & Electronics
- Others (Consumer Goods and Industrial Goods)
Global elastomeric foam market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Armacell International S.A.
- Hira Industries LLC
- Zotefoams PLC.
- L'isolante K-Flex S.P.A.
- Kaimann GmbH
- Huamei Energy-Saving Technology Group Co.,Ltd
- Aeroflex USA, Inc.
- NMC S.A.
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