Global Elastomeric Foam Market Report 2018-2023: Focus on HVAC, Automotive, Electrical & Electronics Industries - Armacell, Hira Industries, L'ISOLANTE K-FLEX, Kaimann & Aeroflex Lead the Market
DUBLIN, Feb. 14, 2019 /PRNewswire/ --
The "Elastomeric Foam Market by Type (Natural Rubber/Latex, Synthetic Rubber (Nitrile-Butadiene Rubber, Ethylene-Propylene Diamine Monomer, Chloroprene)), End-Use Industry (HVAC, Automotive, Electrical & Electronics), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The elastomeric foam market is estimated at USD 1.28 billion in 2018 and is projected to reach USD 1.75 billion by 2023, at a CAGR of 6.5% between 2018 and 2023.
The market is witnessing growth because of the use of elastomeric foam as an insulation material for energy saving. The growth of the industries such as HVAC, automotive, and electrical & electronics, and the increasing use of elastomeric foam in these industries are expected to accelerate the growth of the elastomeric foam market further.
On the basis of type, synthetic rubber was the largest segment of the elastomeric foam market in 2017. The larger market size of synthetic rubber as compared with natural rubber is due to its better properties for use in various applications. NBR is the most widely used synthetic rubber type because of its superior properties and a relatively lower cost than the other types of synthetic rubber.
On the basis of end-use industry, HVAC is estimated to be the largest segment of the elastomeric foam market in 2018. The increasing population and stringent regulations for energy efficiency drive the demand for HVAC systems, which in turn, increases the consumption of elastomeric foam in making new HVAC systems.
APAC is estimated to be the largest market for elastomeric foam in 2018. The region's flourishing manufacturing sector, availability of labor, competitive cost base, and increasing consumer demand are expected to drive industrialization in the region. The growth of the HVAC, automotive and electrical & electronics industries is further expected to drive the demand for elastomeric foam in the region.
The elastomeric foam market is witnessing moderate growth. Factors restraining and challenging the growth of the market are the lack of awareness regarding the energy benefits provided by elastomeric foam insulation, and the difficulty faced in the disposal of used elastomeric foams.
Armacell (Germany), Hira Industries (UAE), L'ISOLANTE K-FLEX (Italy), Kaimann (Germany), and Aeroflex USA (US) lead the global elastomeric foam market.
These players are the major elastomeric foam manufacturers and formulators and are gaining a strong foothold in the market through new product launches, expansions, and mergers & acquisitions.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Elastomeric Foam Market Attractiveness
4.2 Elastomeric Foam Market, By Region
4.3 Elastomeric Foam Market, Bytype
4.4 Synthetic Elastomeric Foam Market in APAC , By Type and Country
4.5 Elastomeric Foam Market, Regional Share
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Superior Properties of Elastomeric Foams
5.2.1.2 Growth in the End-Use Industries of Elastomeric Foams
5.2.2 Restraints
5.2.2.1 Lack of Awareness About the Benefits of Insulation
5.2.3 Opportunities
5.2.3.1 Growing Opportunities in the Healthcare Sector
5.2.3.2 Stringent Government Regulations Encouraging Energy Efficiency
5.2.4 Challenges
5.2.4.1 Difficulty in the Disposal of Elastomeric Foams
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Overview and Trends
5.4.1 Introduction
5.4.2 Construction Contribution to GDP
5.4.3 Trends of the Automotive Industry
6 Elastomeric Foam Market, By Type
6.1 Introduction
6.2 Natural Rubber/ Latex
6.3 Synthetic Rubber
6.3.1 Nitrile Butadiene Rubber (NBR)
6.3.2 Ethylene Propylene Dine Monomer (EPDM)
6.3.3 Chloroprene (CR)
6.3.4 Others
7 Elastomeric Foam Market: By End-Use Industry
7.1 Introduction
7.2 HVAC
7.3 Automotive
7.4 Electrical & Electronics
7.5 Others
8 Elastomeric Foammarket, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.2 Japan
8.2.3 India
8.2.4 South Korea
8.2.5 Rest of APAC
8.3 North America
8.3.1 US
8.3.2 Canada
8.3.3 Mexico
8.4 Europe
8.4.1 Germany
8.4.2 UK
8.4.3 France
8.4.4 Italy
8.4.5 Russia
8.4.6 Rest of Europe
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 Iran
8.6.3 South Africa
8.6.4 Rest of Middle East & Africa
9 Competitive Landscape
9.1 Overview
9.2 Market Ranking Analysis
9.3 Competitive Situation & Trends
9.3.1 Expansions
9.3.2 Acquisitions
9.3.3 New Product Launches
9.3.4 Joint Ventures and Agreements
10 Company Profiles
10.1 Armacell International S.A.
10.2 Hira Industries
10.3 Zotefoams PLC.
10.4 L'isolante K-Flex S.P.A.
10.5 Kaimann GmbH
10.6 Huamei Energy-Saving Technology Group Co.,Ltd
10.7 Jinan Retek Industries Inc
10.8 Aeroflex USA, Inc.
10.9 NMC SA
10.10 Anavid
10.11 Additional Company Profiles
10.11.1 Roka Yalitim
10.11.2 Rubberlite, Inc.
10.11.3 Rogers Foam Corporation
10.11.4 Rogers Corporation
10.11.5 ODE Insulation
10.11.6 Kingwell World Industries, Inc
10.11.7 Recaa Insulation Systems Sdn. Bhd.
10.11.8 ERA Polymers
10.11.9 Merryweather Foam, Inc.
10.11.10 Grando
10.11.11 Sekisui Plastics Co. Ltd.
10.11.12 China Ining Industrial Group Co., Ltd
For more information about this report visit https://www.researchandmarkets.com/research/rnwl3v/global?w=5
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