Global Elastomeric Foam Market, By Type (Natural Rubber and Synthetic Rubber), End-User (Heating Ventilation and Air Conditioning, Automotive, Electrical and Electronics and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Elastomeric Foam Market
Data Bridge Market Research analyses that the elastomeric foam market will witness a CAGR of 6.90% for the forecast period of 2022-2029. Growth in the demand for elastomeric foam especially in the developing economies such as India and China, surging application of elastomeric foam for a wide range of end user applications such as electrical and electronics, consumer goods, packaging and others, surging and accelerating demand of elastomers from construction and manufacturing industry, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the elastomeric foam market.
Elastomeric foam refers to a synthetic rubber composed of a closed-cell structure that is available in a wide range shapes and sizes. Elastomeric foams are used for a wide range of industrial applications owing to their proven long-term efficiency and durability characteristics. Elastomeric foams are further used to control the noise pollution. Elastomeric foams offer advanced insulation properties which makes them suitable for a wide range of applications.
Rise in demand for elastomeric foam by buildings and construction industry is the root cause for fuelling up the elastomeric foam market growth rate. Rising demand for elastomeric foam in the heating, ventilation and air conditioning application and other industrial applications and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the elastomeric foam market. Rising awareness about the benefits of elastomeric foam in comparison to other alternatives such as cost-effectiveness, high durability and easy installation, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, growing use of these foams by the automotive and transportation industry, surging demand for materials that provide high grade fire resistant properties, increasing focus towards attaining sustainability goals and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the elastomeric foam market.
However, high cost of elastomeric foams, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the elastomeric foam market. High cost associated with research and development proficiencies, large scale availability of alternatives and strict global trade restrictions will dampen the elastomeric foam market growth rate. Also, stringent government rules and regulations imposed on the industries and lack of awareness regarding the advantages they offer over conventional materials will also hamper the elastomeric foam market growth rate.
This elastomeric foam market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on elastomeric foam market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Elastomeric Foam Market Scope and Market Size
The elastomeric foam market is segmented on the basis of type and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the elastomeric foam market is segmented into natural rubber, synthetic rubber is further segmented into nitrile butadiene rubber, ethylene propylene dine monomer, chloroprene and others.
- On the basis of end-user, the elastomeric foam market is segmented heating, ventilation and air conditioning, automotive, electrical and electronics and others.
Elastomeric Foam Market Country Level Analysis
The elastomeric foam market is analysed and market size, volume information is provided by country, type and end-user as referenced above.
The countries covered in the elastomeric foam market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the elastomeric foam market owing to the growing demand from various end-use industries, increase in the research and development activities, favourable investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, increasing usage of elastomeric foam in various end-user industries such as HVAC, heating and plumbing, refrigeration, and transportation, abundant availability of raw materials and rising investments by various public and private manufacturers in Asia Pacific.
The country section of the elastomeric foam market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Elastomeric Foam Market Share Analysis
The elastomeric foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to elastomeric foam market.
Some of the major players operating in the elastomeric foam market report are RUBBERLITE, INC., ODE Insulation, BASF SE, Dow, Covestro AG, Huntsman International LLC., Lapolla Industries, Inc., SAFCO Foam Insulation, CAJUN FOAM INSULATION., Saint-Gobain Group., EnergyGuard Foam Insulators, LP, Insulation Northwest, PUFF INC., Pittsburgh Foam Insulation, Owens Corning., Recticel, Armacell, Kingspan Group, Johns Manville., Berkshire Hathaway Inc., ISOTHANE LTD and Evonik Industries AG among others.