Elastomeric Foam market will register a Growth of 7.0% CAGR in terms of revenue, the global market size will reach US$ 2003.4 million by 2024, from US$ 1426.2 million in 2019

Press Release

Elastomeric Foam is characterized by fine closed cell structure thus achieving high moisture resistance and low thermal conductivity. It has high flexibility and elasticity. The main advantage is that the products of this material are self-extinguished, do not support combustion and does not emit dripping particles. No rot, no decay, do not create possibilities for the development of microorganisms.

Elastomeric Foam downstream is wide and recently Elastomeric Foam has acquired increasing significance in various fields of HVAC, Automotive, Electrical & Electronics, Construction and others. Globally, the Elastomeric Foam Market is mainly driven by growing demand for HVAC. HVAC accounts for nearly 45.37% of total downstream consumption of Elastomeric Foam in global.

Elastomeric Foam can be mainly divided into NBR Foam, EDPM Foam and Others which NBR Foam captures about 78.30% of Elastomeric Foam market in 2017. According to our research and analysis, manufacturers from Europe are the major leaders in the international market of Elastomeric Foam.

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Global market is expected to witness significant growth on account of rising applications, so in the next few years, Elastomeric Foam consumption will show a trend of steady growth. In 2024 the consumption of Elastomeric Foam is estimated to be 422541 MT. On product prices, the slow downward trend in recent years will maintain in the future.

According to this study, over the next five years the Elastomeric Foam market will register a 7.0% CAGR in terms of revenue, the global market size will reach US$ 2003.4 million by 2024, from US$ 1426.2 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Elastomeric Foam business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Elastomeric Foam market by product type, application, key manufacturers and key regions and countries.

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Armacell, Zotefoams, Lisolante K-Flex, Kaimann, Huamei Energy-Saving Technology, Durkee, Aeroflex, NMC SA

Segmentation by product type: breakdown data from 2014 to 2019 and forecast to 2024: NBR Foam, EDPM Foam, Others

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Segmentation by application: breakdown data from 2014 to 2019 and forecast to 2024: HVAC, Automotive, Electrical and Electronics, Construction, Others (Consumer Goods and Industrial Goods)

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Elastomeric Foam market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Elastomeric Foam market by identifying its various sub segments.
Focuses on the key global Elastomeric Foam players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Elastomeric Foam with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks)
To project the size of Elastomeric Foam submarkets, with respect to key regions (along with their respective key countries)
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.

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