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Elastomeric Foam Market Size, Share Global Analysis Report, 2020–2026
Elastomeric Foam Market By Function (Thermal Insulation, and Acoustic Insulation), By Type (Nitrile Butadiene Rubber, Ethylene Propylene Diene Monomer, Chloroprene, and Others) and By End-Use Industry (HVAC, Heating & Plumbing, Refrigeration, Transportation, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
According to the report published by Facts Factors, the global elastomeric foam market size was worth around USD 2.6 billion in 2019 and is predicted to grow to around USD 4 billion by 2026 with a compound annual growth rate (CAGR) of roughly 6.7% between 2020 and 2026. The report analyzes the global elastomeric foam market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the elastomeric foam market
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the elastomeric foam industry. The report analyzes and declares the historical and current trends analysis of the elastomeric foam industry and subsequently recommends the projected trends anticipated to be observed in the elastomeric foam market during the upcoming years.
The elastomeric foam market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire elastomeric foam market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Tons) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the elastomeric foam market is set to grow annually at a rate of around 6.7%
- It was established through primary research that the elastomeric foam market was valued at around USD 2.6 billion in 2019
- The Asia Pacific held the largest market share of elastomeric foam in terms of revenue, in 2018
- The “Thermal Insulation” category, on the basis of function segmentation, was the leading revenue-generating category in 2018
- The “HVAC” category, on the basis of end-use industry segmentation, was the leading revenue-generating in 2018
Key Recommendations from Analysts
- As per our analysts, increased demand for HVAC is expected to drive the market for elastomeric foams
- The need to minimize noise pollution is another major driver of the elastomeric foam market
- Strict government regulation that encourages energy efficiency creates new market opportunities in the next few years
- Lack of awareness of the advantages of insulation is one of the factors that hinder the growth of the elastomeric foam market
- Rising investment in the automotive and construction sector will drive the market in the Asia Pacific region over the forecast period
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the elastomeric foam industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the elastomeric foam industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the elastomeric foam market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the elastomeric foam industry. The elastomeric foam market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the elastomeric foam sector. Key strategic developments in the elastomeric foam market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the elastomeric foam market are appropriately highlighted in the report.
Increased demand for HVAC is expected to drive the market for elastomeric foams. Due to rising construction spending and increased revenue in major economies, the market for HVAC equipment is increasing rapidly. The major factor for the worldwide high demand for HVAC equipment is climate change.
The need to minimize noise pollution is another major driver of the elastomeric foam market. Nevertheless, the elastomeric foam industry is hampered by a lack of awareness of the advantages of insulation. Strict government regulation that encourages energy efficiency creates new market opportunities in the next few years.
The elastomeric foam market research report delivers an acute valuation and taxonomy of the elastomeric foam industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 2.6 Billion |
Projected Market Size in 2026 |
USD 4 Billion |
CAGR Growth Rate |
6.7% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Armacell International S.A., Huamei Energy-Saving Technology Group Co. Ltd., Kaimann GmbH, Hira Industries, NMC SA, Anavid Insulation Products KiryatAnavim Ltd., L'isolante K-Flex S.P.A., Aeroflex, ZotefoamsPlc, Jinan Retex Industries Inc., and others. |
Key Segment |
By Function, Type, End-Use Industry, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Regional Analysis:
The regional segmentation of the elastomeric foam industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the elastomeric foam industry is provided for the leading economies of the world.
The elastomeric foam market is segmented based on Function, Type, and End-Use Industry. On the basis of function segmentation, the market is classified into Thermal Insulation and Acoustic Insulation. In terms of type segmentation, the market is bifurcated into Nitrile Butadiene Rubber, Ethylene Propylene Diene Monomer, Chloroprene, and Others. On the basis of end-use industry segmentation, the market is classified into HVAC, Heating & Plumbing, Refrigeration, Transportation, and Others.
Some of the essential players operating in the elastomeric foam market, but not restricted include:
- Armacell International S.A.
- Huamei Energy-Saving Technology Group Co.Ltd.
- Kaimann GmbH
- Hira Industries
- NMC SA
- Anavid Insulation Products KiryatAnavim Ltd.
- L'isolante K-Flex S.P.A.
- Aeroflex
- ZotefoamsPlc
- Jinan Retex Industries Inc
- Others
The taxonomy of the elastomeric foam market by its scope and segmentation is as follows:
By Function Segmentation Analysis (Customizable)
- Thermal Insulation
- Acoustic Insulation
By Type Segmentation Analysis (Customizable)
- Nitrile Butadiene Rubber
- Ethylene Propylene Diene Monomer
- Chloroprene
- Others
By End-Use Industry Segmentation Analysis (Customizable)
- HVAC
- Heating & Plumbing
- Refrigeration
- Transportation
- Others
By Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Table of Content
Industry Major Market Players
- Armacell International S.A.
- Huamei Energy-Saving Technology Group Co.Ltd.
- Kaimann GmbH
- Hira Industries
- NMC SA
- Anavid Insulation Products KiryatAnavim Ltd.
- L'isolante K-Flex S.P.A.
- Aeroflex
- ZotefoamsPlc
- Jinan Retex Industries Inc
- Others
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