Dublin, Feb. 14, 2019 (GLOBE NEWSWIRE) -- 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.
Superior properties of elastomeric foam as an insulation material and significant growth of the end-use industries of elastomeric foam, including HVAC are the factors driving the elastomeric foam market
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.
However, a lack of awareness about the benefits of insulation in commercial and institutional buildings and thus, a comparatively lesser usage of insulation as compared with what it actually should be is the major factor restraining the growth of the 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.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Elastomeric Foam Market Attractiveness
4.2 Elastomeric Foam Market, By Region
4.3 Elastomeric Foam Market, Bytype
4.4 Synthetic Elastomeric Foam Market in APAC , By Type and Country
4.5 Elastomeric Foam Market, Regional Share
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Superior Properties of Elastomeric Foams
5.2.1.2 Growth in the End-Use Industries of 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 Elastomeric Foams
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
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 Elastomeric Foam Market, By Type
6.1 Introduction
6.2 Natural Rubber/ Latex
6.3 Synthetic Rubber
6.3.1 Nitrile Butadiene Rubber (NBR)
6.3.2 Ethylene Propylene Dine Monomer (EPDM)
6.3.3 Chloroprene (CR)
6.3.4 Others
7 Elastomeric Foam Market: By End-Use Industry
7.1 Introduction
7.2 HVAC
7.3 Automotive
7.4 Electrical & Electronics
7.5 Others
8 Elastomeric Foammarket, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.2 Japan
8.2.3 India
8.2.4 South Korea
8.2.5 Rest of APAC
8.3 North America
8.3.1 US
8.3.2 Canada
8.3.3 Mexico
8.4 Europe
8.4.1 Germany
8.4.2 UK
8.4.3 France
8.4.4 Italy
8.4.5 Russia
8.4.6 Rest of Europe
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 Iran
8.6.3 South Africa
8.6.4 Rest of Middle East & Africa
9 Competitive Landscape
9.1 Overview
9.2 Market Ranking Analysis
9.3 Competitive Situation & Trends
9.3.1 Expansions
9.3.2 Acquisitions
9.3.3 New Product Launches
9.3.4 Joint Ventures and Agreements
10 Company Profiles
10.1 Armacell International S.A.
10.2 Hira Industries
10.3 Zotefoams PLC.
10.4 L'isolante K-Flex S.P.A.
10.5 Kaimann GmbH
10.6 Huamei Energy-Saving Technology Group Co.,Ltd
10.7 Jinan Retek Industries Inc
10.8 Aeroflex USA, Inc.
10.9 NMC SA
10.10 Anavid
10.11 Additional Company Profiles
10.11.1 Roka Yalitim
10.11.2 Rubberlite, Inc.
10.11.3 Rogers Foam Corporation
10.11.4 Rogers Corporation
10.11.5 ODE Insulation
10.11.6 Kingwell World Industries, Inc
10.11.7 Recaa Insulation Systems Sdn. Bhd.
10.11.8 ERA Polymers
10.11.9 Merryweather Foam, Inc.
10.11.10 Grando
10.11.11 Sekisui Plastics Co. Ltd.
10.11.12 China Ining Industrial Group Co., Ltd
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