DUBLIN--(BUSINESS WIRE)--The "Flexible Elastomeric Foam Market by Type (Natural Rubber, NBR/PVC, EPDM, CR), Function (Thermal, Acoustic), End-use Industry (HVAC, Automotive & Transportation), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The flexible elastomeric foams market is projected to grow from USD 2.2 billion in 2018 to USD 2.7 billion by 2023, at a CAGR of 4.72% between 2018 and 2023.
The growing demand from end-use industry such as HVAC and automotive & transportation is expected to fuel the growth of the flexible elastomeric foams market. However, the lack of awareness about the benefits of insulation is expected to restrain the growth of the market during the forecast period.
Thermal insulation is the largest and fastest functional type segment of the flexible elastomeric foams market
Flexible elastomeric foams are segmented on the basis of various functions such as, thermal and acoustic. The demand for thermal insulation flexible elastomeric foams is driven as they significantly reduce energy consumption across a broad spectrum of applications such as in solar piping, residential & commercial heating & ventilation piping, and AC and refrigeration piping. It is equally important to insulate materials from sound where acoustic insulation is needed.
It is always efficient in reducing energy consumption by properties such as low thermal conductivity, water vapor barrier, and keeping product environmentally friendly. So, this drives the demand for thermal insulating flexible elastomeric foams.
APAC is the largest market for the flexible elastomeric foams market
APAC is projected to be the fastest-growing market, in terms of both volume and value, during the forecast period. APAC is estimated to account for the largest share, in terms of both volume and value, of the overall market in 2018. The market in the region is driven by the growing population and economic growth. Both residential and non-residential sectors are expected to grow in China and India during the forecast period, which, in turn, will drive the HVAC industry, thereby, increasing the demand for flexible elastomeric foam in this industry.
Key companies profiled in this report are Armacell (Germany), L'ISOLANTE K-FLEX (Italy), Kaimann (Germany), Aeroflex (US), Rogers Corporation (US), and Hira Industries (Dubai).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Flexible Elastomeric Foam Market Attractiveness
4.2 Flexible Elastomeric Foam Market, By End-Use Industry
4.3 Flexible Elastomeric Foam Market, By Function Type
4.4 Flexible Elastomeric Foam Market in APAC, By Type and Country
4.5 Flexible Elastomeric Foam Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Superior Properties of Flexible Elastomeric Foams
5.2.1.2 Growth in the End-Use Industries of Flexible 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 Flexible Elastomeric Foams
5.3 Porter's Five Forces Analysis
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 Flexible Elastomeric Foam Market, By Function
6.1 Introduction
6.2 Thermal Insulation
6.2.1 Property of Keeping Product Environmentally Friendly is Expected to Drive the Demand
6.3 Acoustic Insulation
6.3.1 High Demand for Acoustic Insulation in the Construction Industry is Expected to Boost the Market
7 Flexible Elastomeric Foam Market, By Type
7.1 Introduction
7.2 Natural Rubber/Latex
7.2.1 High Resilience and Resistance to Compression Set Property Makes Natural Rubber the Most Preferred Type
7.3 Nitrile Butadiene Rubber/Polyvinyl Chloride (NBR/PVC)
7.3.1 High Tensile Strength and More Demand for the Blend in the End-Use Industry Makes NBR/PVC the Most Preferred Type
7.4 Ethylene Propylene Dine Monomer (EPDM)
7.4.1 More Demand for EPDM in the Automotive & Transportation Industry is Expected to Drive the Market
7.5 Chloroprene (CR)
7.5.1 Superior Ozone Resistance Property is Expected to Spur the Demand for CR in the End-Use Industry
7.6 Others
8 Flexible Elastomeric Foam Market: By End-Use Industry
8.1 Introduction
8.2 HVAC
8.2.1 High Demand for Flexible Elastomeric Foam in Ac, Refrigeration, and Solar Application is Expected to Drive the Market
8.3 Automotive & Transportation
8.3.1 There is A High Demand for Flexible Elastomeric Foam in Gasketing Application in This End-Use Industry
8.4 Others
9 Flexible Elastomeric Foam Market, By Region
10 Competitive Landscape
10.1 Overview
10.2 Competitive Leadership Mapping
10.3 Market Ranking Analysis
10.4 Competitive Situation & Trends
11 Company Profiles
11.1 Armacell International S.A.
11.2 Hira Industries
11.3 Rogers Corporation
11.4 L'isolante K-Flex S.P.A.
11.5 Kaimann GmbH
11.6 Huamei Energy-Saving Technology Group Co., Ltd
11.7 Jinan Retek Industries Inc
11.8 Aeroflex Usa, Inc.
11.9 NMC SA
11.10 Anavid Insulation Products Kiryat Anavim Ltd.
11.11 Isidem Insulation
11.12 Additional Company Profiles
11.12.1 Roka Yalitim
11.12.2 Rubberlite, Inc.
11.12.3 ODE Insulation
11.12.4 Kingwell World Industries, Inc
11.12.5 Recaa Insulation Systems Sdn. Bhd.
11.12.6 Grando
11.12.7 China Ining Industrial Group Co., Ltd
For more information about this report visit https://www.researchandmarkets.com/research/5crcdh/2_7_bn_flexible?w=4
