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Pulished Date February, 2020
ID: 8607
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Elastomeric Foam Market By Type (Natural Rubber/Latex, Synthetic Rubber, and Others), End-Use Industry (HVAC, Automotive, Electrical & Electronics, and Others), by Region - Global Industry Analysis, Size, Share, Growth, Investment & Forecast | 2020 - 2025

Pulished: February, 2020
ID: 8607
Pages: 170

Elastomeric Foam Market Size and Growth

Elastomeric Foam Market is anticipated to be valued at USD 2.7 billion in 2020 and is anticipated to reach USD 3.8 billion by 2025, at a CAGR of 6.8% during the forecast period 2020 - 2025.

Elastomeric foam is the largest type of insulation foam used on the market. It is primarily used in heating, ventilating and air conditioning (HVAC), plumbing and refrigeration systems to provide a barrier to moisture and vapor entry into systems. Elastomeric foams are used as a substitute for natural insulating materials, such as cork. Its manufacture does not include chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs) or hydrofluorocarbons (HFCs). This makes them suitable for use even in harsh environments. They also contain a very low amount of volatile organic compounds (VOCs) and are therefore safe for the environment. Elastomeric foams are mainly utilized in HVAC and refrigeration operations as an active shield against the entry of vapor and moisture into systems.

These are used as a substitute for natural insulating materials, such as cork. The elastomeric foam manufacturing process does not include hydrochlorofluorocarbons (HCFCs), chlorofluorocarbons (CFCs) or hydrofluorocarbons (HFCs), which makes them environmentally friendly, which in turn drives the elastomer market flexible. The demand for HVAC equipment is growing rapidly, owing to increasing spending in the construction sector and increasing disposable income in major economies around the world. HVAC units add aesthetic value to residential and commercial locations. Companies are investing heavily in R&D to manufacture innovative products such as hybrid HVAC equipment that use multiple energy sources for heating and cooling applications.

Recent Developments in the Elastomeric Foam Market Industry:

  • In March 2018, Rubberlite launched a polyurethane foam system developed with the chemistry of Covestro elastomers. With its HyPUR-cel portfolio, Rubberlite, Inc. has created a broad line of breathable open cell polyurethane foams for footwear, medical, automotive and industrial applications, among others. Using nucleation technology that does not incorporate blowing agents or external solvents, HyPUR-cel features a variety of product lines with different physical and performance properties. The company recently announced that it is expanding its HyPUR-cel range with the launch of the R-series and its new application of Covestro elastomeric polymer components. According to Rubberlite, this new PU formula offers high strength, high performance energy return.
  • In June 2019, Huntsman Tecnoelastomeri launches new urethane elastomers designed for extreme working conditions. Easy to process compared to NDI-based technologies, the TECNOTHANE® VTER range from Huntsman Tecnoelastomeri comprises six elastomer solutions with customizable characteristics, which can be tailored to meet specific customer requirements. As standard, the products of the new range of engineered elastomers offer excellent tear and shear resistance, as well as high rebound properties and very low hysteresis.

Drivers & Restraints in the Elastomeric Foam Market

The consumption of elastomeric foam increases in auto parts such as gaskets, sealing applications and under the hood, as it provides good thermal insulation and corrosion control. The growing automotive industry with increasing production of light, electric and hybrid vehicles is likely to drive the demand for elastomeric foam. Moreover, due to its good electrical insulation properties, the use of elastomeric foam is increasing in the electrical and electronics industry, which is likely to drive the market growth during the forecast period. The increasing use of elastomeric foam in chillers, coolers, duct systems and plastic pipes, such as refrigeration pipes and hot and cold water pipes, is likely to drive the growth of the foams market elastomers. Moreover, the growing awareness of indoor air quality is likely to increase the demand for elastomeric foam with antimicrobial additives in air conditioners and HVAC systems.

The high cost of elastomeric foams compared to other insulation methods and the lack of awareness of the advantages they offer over conventional materials are holding back the growth of the elastomeric foams market.

Elastomeric Foam Market Segmentation :

Elastomeric Foam MarketBy Function

  • Thermal Insulation
  • Acoustic Insulation

The thermal insulation segment is expected to account for the majority of the market in 2019. The growth of this segment is attributed to its increasing use of thermal insulation from various end use industries such as HVAC and heating industry and of plumbing due to its extraordinary characteristics such as fire resistance and easy installation.

Elastomeric Foam MarketBy Type

  • Nitrile Butadine Rubber (NBR)
  • Ethylene Propylene Diene Monomer (EPDM)
  • Chloroprene (CR)
  • Others {silicone, epichlorohydrin (ECH) ,styrene-butadiene rubber (SBR)}

NBR segment is likely to represent the largest share of the market in 2019. The growth of this segment is attributed to its increasing use in various end-use industries due to its extraordinary characteristics, such as resistance to acid swelling, d 'excellent performance against fire, good resistance to fuel, and for its moderate cost compared to other types of rubbers. These factors are expected to drive demand over the forecast period.

Elastomeric Foam MarketBy End-Use

  • HVAC
  • Heating & Plumbing
  • Refrigeration
  • Transportation
  • Others ( electrical & electronic, yoga mat

The HVAC industry is growing owing to the increased demand for energy saving in modern heating, ventilation and air conditioning infrastructure, which is expected to boost the market for elastomeric foam in the end-use industry of the air conditioning. CVC during the forecast period. . In addition, the growing demand for HVAC in the construction industry will also drive the demand.

Elastomeric Foam Market Regional Analysis:

  1. Asia-Pacific has dominated the global market due to strong demand from developing countries such as China, India and Japan. Asia Pacific is anticipated to be the rapid growing region in the near future because of the rising approval of better thermal and acoustic insulation for end-user applications in countries such as India and the United States. China. Fast-growing economies and increasing per capita income of consumers in developing countries in the Asia-Pacific region are increasing demand for packaging. This, in turn, increases the demand for flexible elastomeric foam.
  2. Another important market for elastomeric foam is North America due to increased construction spending in the region. In addition, the expansion of the automotive industry with the increase in production of light, electric and hybrid vehicles is likely to drive the market growth during the review period.
  3. The European market is expected to grow due to the revival of the automotive industry with a growing demand for light and energy efficient vehicles to reduce carbon emissions.
  4. The Latin American market is expected to grow at a significant rate during the review period, with the automotive industry expanding in Brazil and Mexico. The Middle East & Africa market is expected to show tremendous growth in the coming years with increased investment in the construction industry and an expanding HVAC market in the region.

COVID – 19 Impact on the Elastomeric Foam Market

The future of the elastomeric foam insulation market looks bright with opportunities in the building and construction, automotive, industrial, electrical and electronics, and healthcare sectors.  The global elastomeric foam insulation market is anticipated to fall in 2020 because of the worldwide economic recession caused by COVID-19. COVID-19 can affect the worldwide economy in 3 major ways: directly affecting production and call, creating a supply chain and market disruption, and through its financial impact on businesses and financial markets.

Elastomeric Foam Market Key Players

The key players in the elastomeric foam has been dominated by players such as

  • Armacell International SA (Germany),
  • Hira Industries (UAE),
  • Zotefoams PLC (UK),
  • L’Isolante K-Flex S.P.A (Italy),
  • Kaimann Insulation (Germany),
  • Huamei Energy-saving Technology Group Co., Ltd. (China),
  • Jinan Retek Industries Inc. (China),
  • Aeroflex USA, Inc. (US),
  • NMC Insulation (Belgium),
  • Anavid Insulation Products Kiryat Anavim Ltd.(Israel).

 

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 Type                            

                              5.1.1 Introduction           

                              5.1.2 Natural Rubber/Latex         

                              5.1.3 Synthetic Rubber  

                              5.1.4 Others      

                              5.1.5 Y-o-Y Growth Analysis, By Type      

                              5.1.6 Market Attractiveness Analysis, By Type     

                              5.1.7 Market Share Analysis, By Type      

               5.2 End-Use Industry                     

                              5.2.1 Introduction           

                              5.2.2 HVAC        

                              5.2.3 Automotive            

                              5.2.4 Electrical & Electronics       

                              5.2.5 Others      

                              5.2.6 Y-o-Y Growth Analysis, By End-use Industry              

                              5.2.7 Market Attractiveness Analysis, By End-use Industry             

                              5.2.8 Market Share Analysis, By End-use Industry              

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Type

                                             6.1.3.3 By End-use Industry

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Type

                                             6.1.4.3 By End-use Industry

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Type

                                             6.1.5.3 By End-use Industry

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                       

               8.1 NMC SA                      

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 Zotefoams                 

               8.3 Hira Industries                          

               8.4 Kaimann                     

               8.5 L'ISOLANTE K-FLEX                  

               8.6 Armacell                     

               8.7 Jinan Retek Industries                           

               8.8 Anavid Insulation Products                  

               8.9 Aeroflex USA                            

               8.10 Huamei Group                       

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, collaborations and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                             

  • Global ,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of market by type, by material , by application along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Elastomeric Foam Market By Region, From 2020-2025 ( USD Billion )

  2. Global Elastomeric Foam Market By Type, From 2020-2025 ( USD Billion )

  3. Global Natural Rubber/Latex Market By Region, From 2020-2025 ( USD Billion )

  4. Global Synthetic Rubber Market By Region, From 2020-2025 ( USD Billion )

  5. Global Others Market By Region, From 2020-2025 ( USD Billion )

  6. Global Elastomeric Foam Market By End-Use Industry, From 2020-2025 ( USD Billion )

  7. Global HVAC Market By Region, From 2020-2025 ( USD Billion )

  8. Global Automotive Market By Region, From 2020-2025 ( USD Billion )

  9. Global Electrical & Electronics Market By Region, From 2020-2025 ( USD Billion )

  10. Global Others Market By Region, From 2020-2025 ( USD Billion )

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