Reports and Data’s Global Elastomeric Foam Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry’s driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.
The global elastomeric foam market size was USD 2.61 Billion in 2020 and is expected to register a revenue CAGR of 6.5% during the forecast period. Increasing use of elastomeric foam for making various end-use products such as Heating, Ventilation, & Air Conditioning (HVAC), electrical & electronics, automotive, and industrial & consumer goods is expected to drive market revenue growth during the forecast period. Elastomeric foam is characterized by fine-closed cell structure which helps in achieving high moisture resistance and low thermal conductivity.
Leading Players– Avient Corporation (PolyOne Corporation), Saudi Basic Industries Corporation (SABIC), Armacell, Zotefoams, L’Isolante K-Flex S.p.A., BASF SE, Kaimann GmbH International, Aeroflex, Rubberlite Inc., and Hira industries
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Key Trend: Increasing disposable income and rising consumer inclination towards comfort are resulting in surging demand for Heating, Ventilation, & Air Conditioning (HVAC) systems. Rising need to maintain the airflow, temperature, ventilation, and air quality of a particular area is boosting usage of HVAC systems. In 2018, HVAC systems exhibited more than USD 123 billion sales. Changing climatic conditions is a key factor driving sales of HVAC systems. With temperatures around the world setting new records, consumers are increasingly demanding for HVAC systems in order to keep homes comfortable. Moreover, commercial buildings are increasingly installing HVAC systems in order to maintain the health of workers.
- Natural Rubber/Latex
- Synthetic Rubber
- Heating, Ventilation, & Air Conditioning (HVAC)
- Electrical & Electronics
- Industrial & Consumer goods
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
The Elastomeric Foam market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Elastomeric Foam market.
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Frequently Asked Questions Addressed in the Report:
- What is the estimated market revenue growth over the forecast period?
- What are the major factors driving the global Elastomeric Foam market revenue growth?
- Which regional market is expected to account for the largest revenue share in the global Elastomeric Foam market over the forecast years?
- Which are the leading players in the global Elastomeric Foam market?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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