According to the current analysis of Reports and Data, the global elastomeric foam market was valued at USD 1.28 Billion in 2018 and is expected to reach USD 2.11 Billion by year 2026, at a CAGR of 6.5%. The study covers the in-depth analysis of elastomeric foam and discusses about the recent developments and challenges faced by the elastomeric foam market. Elastomeric foam insulation was developed in the 1950s. Elastomeric foams are widely used for vibration isolation, as a material for kinetic energy dissipation and as a padding to separate neighboring components in electronic consumer products that may experience accidental impact loads. The global elastomeric foam market is propelled by number of factors such as effective growth in the miniaturization, rapid industrialization increases in the demand for insulation materials, favorable initiatives encouraging energy efficiency undertaken by the governments.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Elastomeric Foam market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Elastomeric Foam business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Elastomeric Foam in the coatings and paints are driving the market. The increasing usage of bio-based Elastomeric Foam will also supplement Elastomeric Foam market revenue share through 2027
Further key findings from the report suggest
On the basis of type, synthetic rubber is the largest segment of the elastomeric foam which holds 57.1% of the total market share. It has a larger marker size as compared to natural rubber because of its better properties for use in many applications.
On the other hand, natural rubber/latex holds 42.9% of the total share in the elastomeric foam.
HVAC(heat, ventilation and air conditioning) is anticipated to be the largest segment of the elastomeric foam market which holds 68.5% of the total market share. Stringent regulations for energy efficiency and increasing population are few of the main reasons for the rapid growth of HVAC systems, which ultimately increases the consumption of elastomeric foam.
Competitive Terrain:
The global Elastomeric Foam market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Elastomeric Foam market are listed below:
L’ISOLANTE K-FLEX, Kaimann, and Aeroflex USA, Armacell, Hira Industries.
Type (Revenue, USD Million; 2016–2026)
Natural latex/rubber
Synthetic rubber
Ethylene Propylene Diamine Monomer (EPDM)
Nitrile Butadiene Rubber (NBR)
Chloroprene (CR)
Epichlorohydrin (ECH)
Styrene Butadiene Rubber (SBR)
End use (Revenue, USD Million; 2016–2026)
HVAC
Electrical & Electronics
Automotive
Consumer Goods and industrial goods
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Key Takeaways from the Global Elastomeric Foam Market report:
The global Elastomeric Foam market report entails a broad product segmentation.
It methodically evaluates the overall product expanse of this business space.
The report covers pivotal information about the accrued market share of each product type, their profit estimations, and production growth graph.
The report provides the reader with a generic summary of the application gamut of the global Elastomeric Foam market.
The report further details the market share and product demand for each application segment.
The study estimates the growth rate of each application segment over the projected timeframe.
Moreover, the report offers crucial information on the different parameters boosting the global market expansion, such as raw material production and market concentration rates.
Table Of Contents:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Elastomeric Foam Market Segmentation & Impact Analysis
Chapter 5. Elastomeric Foam Market, By Type Insights & Trends
Chapter 6. Elastomeric Foam Market, By Application Insights & Trends
Chapter 7. Elastomeric Foam Market, By End Use Insights & Trends
Chapter 8. Elastomeric Foam Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
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