Market Segmentation
The Global Elastomeric Foam Market has been segmented by Type, Application and Region.
On the basis of Type, the market has been divided into natural rubber and synthetic rubber, which includes nitrile butadiene rubber, ethylene propylene diene monomer (EPDM), chloroprene, and others. The nitrile butadiene rubber segment accounted for the largest share of the Global Elastomeric Foam Market in 2017 and is expected to grow at a considerable CAGR during the review period. This market growth can be attributed to the increasing use of nitrile rubber in numerous applications such as HVAC, refrigerators, plastic pipes, gaskets, and sealing due to its superior properties such as high moisture resistance, low thermal conductivity, high elasticity, and resistance to grease. EPDM is the fastest-growing segment of the Global Elastomeric Foam Market; the increasing use of EPDM in solar installations and oil & gas applications due to its resistance to water and weather is expected to boost the growth of the EPDM segment during the forecast period.
Based on End-Use Industry, the market has been categorized as HVAC, automotive, electrical and electronics, and others. The HVAC segment accounted for the largest market share in 2017and is expected to register a significant growth rate during the review period. This growth is largely influenced by the increasing demand for HVAC systems, chillers, and duct systems in healthcare facilities, shopping complexes, supermarkets, and industrial applications, among others. Increasing automotive production is driving the demand for Elastomeric Foam in gaskets and sealings, which is expected to propel the growth of the market during the review period.
Fill the form for an Exclusive Sample of this Report @ https://www.marketresearchfuture.com/sample_request/6374
Competitive Analysis
Some of the key players in the Global Elastomeric Foam are Armacell International SA (Luxembourg), Zotefoams PLC (UK), Grando (Belgium), L’isolante K-Flex SpA (Italy), Sekisui Plastics Co., Ltd (Japan), Kaimann GmbH (Germany), Jinan Retek Industries Inc (China), Hira Industries LLC (UAE), Huamei (China), NMC SA (Belgium), and Rogers Foam Corporation (US).
Regional Analysis
Based on Region, the Global Elastomeric Foam Market has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in Asia-Pacific was the largest in 2017 due to the presence of a large number of end-use industries in developing nations such as India and China. The expanding construction industry as a result of rapid urbanization and industrialization is expected to propel the demand for Elastomeric Foam in the region.
North America is a prominent market for Elastomeric Foam owing to its increasing use in the automotive and aerospace industries. The European market for Elastomeric Foam is expected to grow as a result of rising demand in major end-use industries such as HVAC and automotive. The markets in Latin America and the Middle East & Africa are expected to exhibit considerable growth during the review period due to the expanding automotive and construction industries in the region.
Get PDF Brochure for more Professional & Technical Industry Insights: https://www.marketresearchfuture.com/reports/elastomeric-foam-market-6374
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/elastomeric-foam-market-6374