Fior Markets launched a study titled “Flexible Elastomeric Foam Market by Type (Natural Rubber/Latex, Chloroprene, Others), Function,End User Industry, Regions”,and Global Forecast 2018-2025.
The global flexible elastomeric foam market is expected to grow from USD 1,983.71 Million in 2017 to USD 2,911.82 Million by 2025, at a CAGR of 4.91% during the forecast period from 2018-2025. Increasing demand for the thermal and acoustic insulation materials form the HVAC and automotive, electrical and electronics industries are driving the global flexible elastomeric foam market.
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(NBR)/ (PVC) segment had a market value of USD 791.90 million in 2017
The type segment is divided into natural rubber/latex, nitrile butadiene rubber(NBR)/polyvinyl chloride (PVC), ethylene propylene diene monomer (EPDM), chloroprene and others. Due to unabated demand form the HVAC, automotive and the other end user industries the nitrile butadiene rubber(NBR)/polyvinyl chloride (PVC) emerged as the leader with USD 791.90 million revenue in 2017.
Thermal insulation segment had a market value of USD 1,245.37 million in 2017
Function segment contains thermal insulation and acoustic insulation. Due to growing demand for the effective insulation material for the applications such as solar piping, residential & commercial heating & ventilation piping, and AC and refrigeration piping, the thermal insulation segment led the global flexible elastomeric foam market with USD 1,245.37 million revenue in 2017.
HVAC segment had a market value of USD 731.01 million in 2017
End user industry is segmented into HVAC, automotive, transportation, electrical and electronics and others. Factors such as growing emphasis on the energy efficiency and excellent low thermal conductivity property have led the flexible elastomeric foam to find an increasing acceptance in the HVAC industry. Thus HVAC emerged as the leading end user segment with USD 731.01 million revenue in 2017.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. On account of the growing per capita disposable income, improvement in the standards of living are driving the demand for the HVAC systems as well as increase in the residential and non-residential construction activities the Asia Pacific region emerged as the global leader in the global demand for the flexible elastomeric foam with USD 739.73 million revenue in 2017.
Major players in the global flexible elastomeric foam market areArmacell International S.A., L’ISOLANTE K-FLEX, Kaimann GmbH, Aeroflex , Rogers Corporation, Hira Industries, Zotefoams, NMC SA, AnavidInsulation Products, Huamei Energy-saving Technology Group, Jinan Retek Industries, Rubberlite, Inc., ODE Insulation, Kingwell World Industries, Inc , Recaa Insulation Systems Sdn. Bhd., ERA Polymers, Merryweather Foam, Inc, Sekisui Plastics Co. Ltd., and among others.
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