Elastomeric Foam Market to offer a healthy CAGR of 6.9% during 2020-25
February 13, 2020
Elastomeric Foam Market Overview:
Elastomeric Foam Market is likely to witness an impressive CAGR of 6.9% during the forecast period. The extensive use of elastomeric foam as insulation material for energy saving and its demand from various end-use industries, such as automotive, HVAC, and electrical & electronics is driving the elastomeric foam market globally.
Report Overview:
This new report from Stratview Research analyses the Elastomeric Foam Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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https://www.stratviewresearch.com/Request-Sample/736/elastomeric-foam-market.html
Elastomeric Foam Market Segment Insights:
Type: natural rubber/latex and synthetic rubber
Based on the type, the market is segmented as natural rubber/latex and synthetic rubber. The larger share of the market is held by synthetic rubber as it is more economical than natural rubber and also offers better properties for various applications. The Nitrile-Butadiene Rubber (NBR) is a widely used synthetic rubber; Ethylene-Propylene Diamine Monomer (EPDM) and Chloroprene Rubber (CR) are the other major types of synthetic rubber used in the industry.
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https://www.stratviewresearch.com/toc/736/elastomeric-foam-market.html
End-Use Industry Type: HVAC, automotive, electrical & electronics, and others
Based on the end-use industry type, the market is segmented as HVAC, automotive, electrical & electronics, and others. The HVAC segment is estimated to remain the dominant segment during the forecast period. Stringent regulations for energy efficient HVAC systems in industries are elevating the demand for elastomeric foam in HVAC application. In automotive industry, elastomeric foams are generally used in gaskets & seals, trim, panels, liners, insulation and in mats.
A highly/moderately/fragment consolidated Market
Some of the elastomeric foam manufacturers are Armacell International S.A., Zotefoams PLC., L'isolante K-Flex S.p.A., Kaimann GmbH International, Huamei Energy-Saving Technology Group Co.,Ltd, Rogers Corporation, Jinan Retek Industries Inc., Hira Industries, and Aeroflex USA, Inc.
Region: Asia-Pacific is expected to be the largest market for elastomeric foam
In terms of regions, Asia-Pacific is expected to be the largest market for elastomeric foam in the coming five years. China and India are the growth engines of the region. The market is driven by the growing demand for elastomeric foam from various end-use industries and the presence of elastomeric foam manufacturers and their customers in the region. North America and Europe are also expected to offer substantial demand during the forecast period.
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