DUBLIN--(BUSINESS WIRE)--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 global 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 due to the excellent properties of elastomeric foam that make it suitable for use as an insulation material. The factors such as the increasing use of elastomeric foam in various applications in the industries such as automotive, healthcare, electrical & electronics, and others that include consumer goods and industrial goods and many favorable initiatives encouraging energy efficiency undertaken by the governments in many countries offer lucrative opportunities for the growth of the elastomeric foam market.
HVAC is projected to be the fastest-growing end-use industry of elastomeric foam during the forecast period. The increased demand from the HVAC industry is attributed to the growing use of elastomeric foam as an insulation material in HVAC systems.
The APAC region is projected to be the fastest-growing market for elastomeric foam during the forecast period. The growth of the elastomeric foam market in this region is growing due to the rapid growth of the building & construction industry, thereby, requiring the installation of new HVAC systems, which in turn, drives the demand of elastomeric foam in APAC.
Companies Mentioned
- Armacell International S.A.
- Hira Industries
- Zotefoams PLC.
- L'isolante K-Flex S.P.A.
- Kaimann GmbH
- Huamei Energy-Saving Technology Group Co.,Ltd
- Jinan Retek Industries Inc
- Aeroflex USA, Inc.
- NMC SA
- Anavid
- Roka Yalitim
- Rubberlite, Inc.
- Rogers Foam Corporation
- Rogers Corporation
- ODE Insulation
- Kingwell World Industries, Inc
- Recaa Insulation Systems Sdn. Bhd.
- ERA Polymers
- Merryweather Foam, Inc.
- Grando
- Sekisui Plastics Co. Ltd.
- China Ining Industrial Group Co., Ltd
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Elastomeric Foam Market, By Type
7 Elastomeric Foam Market, By End-Use Industry
8 Elastomeric Foam Market, By Region
9 Competitive Landscape
10 Company Profiles
11 Appendix
For more information about this report visit https://www.researchandmarkets.com/research/mb79vd/global?w=4
