Elastomeric Foam Market worth $3.6 billion by 2024 | Major Players are Armacell International SA (Germany), Hira Industries (UAE), Zotefoams PLC (UK), L’Isolante K-Flex S.P.A (Italy), Kaimann Insulation (Germany), Huamei Energy-saving Technology Group C

The report "Elastomeric Foam Market by Function (Thermal Insulation, and Acoustic Insulation) Type (NBR, and EPDM), End-Use Industry (HVAC, Refrigeration, Heating & Plumbing, and Transportation), and Region - Global Forecast to 2024" The elastomeric foam market is expected to grow from USD 2.6 billion in 2019 to USD 3.6 billion by 2024, at a CAGR of 6.7 % during the forecast period. The major factors driving the elastomeric foammarket include increasing demand from various end-use industries such as HVAC, refrigeration,heating & plumbing and transportation among others.

Browse 92 market data Tables and 33 Figures spread through 121 Pages and in-depth TOC on "Elastomeric Foam Market
- Global Forecast to 2024"

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164243544&utm_source=Paid%20PR_Openpr

Thermal Insulation to dominate the global elastomeric foam market during the forecast period
The elastomeric foam market has been segmented based on function into thermal and acoustic insulation. Among these the thermal insulation segment accounted for the largest share of the market in 2018 and is projected to grow at highest CGAR over the forecast period. The growth in this segment is attributed to its increasing usage of thermal insulation because of its ability to to prevent heat transfer between outside and inside of the building,another advantage of thermal insulation is its lightweight properties, which help prevent thermal stress on the roofs of building and fire resistance property. These factors are expected to drive demand during the forecast period.

NBR to dominate the global elastomeric foam market during the forecast period
The elastomeric foam market has been segmented based on types into NBR, EPDM, CR and others. Among these types, the NBR segment accounted for the largest share of the market in 2018 and is likely to witness significant growth over the forecast period. The growth in this segment is attributed to its increasing usage in various end-use industry due to its excellent mechanical & physical properties and low price when compared with others types such as EPDM. These factors are expected to drive demand during the forecast period.

HVAC end-use industry is expected to grow at the highest CAGR in the global elastomeric foam market during the forecast period
HVAC is growing rapidly owing to the rising demand for HVAC in automotive and construction because of its ability to provide thermal comfort and acceptable indoor air quality within reasonable installation, energy efficiency, and operation & maintenance costs. The above mentioned factors are accepted to drive the demand during the forecast period.

Speak to Our Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=164243544&utm_source=Paid%20PR_Openpr

APAC is expected to hold the largest market size in the global elastomeric foam market during the forecast period
APAC is estimated to be the leading elastomeric foam market during the forecast period. The growth in the APAC region can be attributed to the rising demand for elstomeric foam from various end-use industries such as HVAC, heating & plumbing and transportation, among others. The presence of a robust industrial base, favorable government policies, and low labor costs are further strengthening the elastomeric foam market and attracting major players to invest in APAC.

Armacell International SA (Germany), Hira Industries (UAE), Zotefoams PLC (UK), L’Isolante K-Flex S.P.A (Italy), Kaimann Insulation (Germany), Huamei Energy-saving Technology Group Co., Ltd. (China), Jinan Retek Industries Inc. (China), Aeroflex USA, Inc. (US), NMC Insulation (Belgium), and Anavid Insulation Products Kiryat Anavim Ltd.(Israel), are the key players operating in the elastomeric foam market.

Elastomeric Foam Market, by Function
• Thermal Insulation
• Acoustic Insulation
• Elastomeric Foam Market, by Types
• Nitrile Butadine Rubber (NBR)
• Ethylene Propylene Diene Monomer (EPDM)
Chloroprene (CR)
• Others {silicone, epichlorohydrin (ECH) ,styrene-butadiene rubber (SBR)}

Elastomeric Foam Market, by End-Use Industry
• HVAC
• Heating & Plumbing
• Refrigeration
• Transportation
• Others ( electrical & electronic, yoga mat)

Elastomeric Foam Market, by Region
• Asia Pacific
• North America
• Eastern Europe
• Western Europe
• Middle East & Africa
• South America

Read More @ https://www.marketsandmarkets.com/Market-Reports/elastomeric-foam-market-164243544.html

Contact:

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.